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Sri Lanka Equity Forum » Stock Market Talk » කොටස් වෙළඳපොළේ කතා » Kiwlegedara to release Touchwood Results within 2 Weeks?

Kiwlegedara to release Touchwood Results within 2 Weeks?

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StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
According to insiders from Touchwood Investments PLC, the sources note that new Touchwood Chairman would crack down hidden mysteries and irregularities committed by Roscoe Malloney his wife and his and her associates at Touchwood.

Kiwlegedara has said he will take necessary steps to bring in the financials of the company to CSE soon within two weeks.

On the other hand Sri Lankan advertising industry analysts highlights that World's Largest advertising network (US listed) WPP owned Phoenix Ogilvy Sri Lankan subsidiary has been charging nearly over Rs.4 million to prepare and write and finalise Touchwood Annual Report for last few years during Roscoe Malloney's times.

Touchwood Investments annual reports for last few years has contained more 'so-called' information about overvalued plantations and boasting top class touchwood investors with talking so much about Agarwood and Sandalwood demand worldwide according analysts and investors.

Meanwhile it is informed by the house renting analysts and house owners circles in Western Province that Roscoe Malloney's wife Swarna Malloney and another Thai Woman have tried to purchase a house in the outskirts of Katana area in Negombo and a few other suburbs just few months before Touchwood scandal broke out with Malloney's escaping from the country to Cambodia or Thailand.

However house owners getting to know about Roscoe's game has refused to accept Roscoe and wife as a tenant since Roscoe and family has said the owner will have to collect rental from Touchwood after renting the place.

According to sources Swarna Malloney has showed a picture of Roscoe Malloney as a disable person and a person going on wheel chair and urged that he needs treatment and relaxation which is why the house is needed to be rent out of Colombo.

Thailand and Cambodia news reports outline that Roscoe Malloney's brother was the first to start forestry business and start a scandal in Malaysia,Thailand,Cambodia way before Roscoe started the business in Sri Lanka and listed in Colombo Stock Exchange.

Some argue whether the Sri Lankan regulators were not wise enough to check Roscoe's back ground and Touchwood since Roscoe's brother was already accused and alleged for running the forestry scandal in Bangkok- Thailand, Malaysia and Cambodia.

"At Least our Regulators should have done a Google search about a company that is seeking listing on CSE" a top market analyst from IPO industry in USA said.

"Sri Lankan regulators don't know even how to do a proper Google search and do a small internet background even about a company before listing until someone calls or meets and tell them" a top market analyst from Sri Lanka said.

According to some analysts Lankan stock market regulators are heavily worked out to list companies after motivated by some 'Kick Backs' that are being offered after office hours.

However it is anticipated that Kiwlegedara will turn the course of the company to a new avenue.

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
How the power of the "dud cheque kiwula?"

SHARK aka TAH

SHARK aka TAH
Expert
Expert
@Jiggysaurus wrote:How the power of the "dud cheque kiwula?"

Gettin jiggy with it

gagamini


Manager - Equity Analytics
Manager - Equity Analytics
Regulators for Stock Market . Investigators or surveillance offices from CBSL for fiance companies . Both the categories of government offices have failed to discharge their duties and made billions of losses to investors .

We should appoint a government commission to investigate activities of those offices . For sure outcome would be zero .

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
SHARK wrote:
@Jiggysaurus wrote:How the power of the "dud cheque kiwula?"

Gettin jiggy with it


You can be certain that Kiwula got jiggy with mrs baloney.

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
@Jiggysaurus wrote:
SHARK wrote:
@Jiggysaurus wrote:How the power of the "dud cheque kiwula?"

Gettin jiggy with it


You can be certain that Kiwula got jiggy with mrs baloney.

GM has learnt hw to get jiggy with members from Kiwla (or kowula)  Laughing Laughing 

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
I this Kiwulgedara Fellow Reliable? Information is welcome!!

gagamini


Manager - Equity Analytics
Manager - Equity Analytics
Any news about TWOD case which was taken up yesterday .

samanthaperera879


Senior Equity Analytic
Senior Equity Analytic
@Sstar wrote:I this Kiwulgedara Fellow Reliable? Information is welcome!!

You can see his reliability with in few months, And if any one wants more information just call him and ask about the story of the Silica company he started with the Koreans, See who appointed him to the Board? See who introduce him to Touchwood, So what do you think, whose orders he carry out?

Kouprey


Stock Analytic
Stock Analytic
Two weeks are gone, so where are the financials?
There is a clear history here of just making statements to keep things in a holding pattern.
It is nearly a year since the Maloneys' deserted their fraud ridden ship and still no pressure to have them returned.
In most other modern countries where potential fraud and theft had occurred by directors of a publicly listed company the authorities would have acted in the short term to have them returned for questioning.
The real baloney here is that the authorities say they do not know where they are, it's not difficult!!!!!!

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