Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Latest topics

» CSE funeral will be near.
by glad Today at 3:08 pm

» සල්ලි කාරයෝ ඔක්කොම buying දුප්පත් එවුන් ඔක්කොම selling
by vikiperera Today at 3:04 pm

» Short Term Targets
by KavinduTM Today at 2:55 pm

» PE Ratio - Sri Lanka Vs India
by nuwanmja Today at 2:37 pm

» ASPI should come down by 368 points
by ThilinaM Today at 2:12 pm

» Sold SAMP and moving to LB
by ThilinaM Today at 1:16 pm

» Shares to Buy
by KavinduTM Today at 12:14 pm

» Cinnamon Cultivation Project in North is a success
by KavinduTM Today at 12:11 pm

» NATIONAL DEVELOPMENT BANK PLC (NDB.N0000)
by NiroR Today at 11:47 am

» COLO and DOCK Moving to 100
by Kipling Today at 11:16 am

» ASI WILL BE 5500 SOON
by jaya Today at 10:35 am

» CHEVRON LUBRICANTS LANKA PLC
by Sanju121 Today at 10:18 am

» President’s progress in the first 100 days of governing
by KavinduTM Today at 8:07 am

» Power and Energy Sector
by KavinduTM Today at 12:18 am

» OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)
by KavinduTM Yesterday at 11:40 pm

» Sri Lanka President instructs officials to take steps to control soaring vegetable prices
by KavinduTM Yesterday at 9:55 pm

» PAN ASIA BANKING CORPORATION PLC (PABC.N0000)
by KavinduTM Yesterday at 8:44 pm

» Poultry Sector
by Teller Yesterday at 8:26 pm

» TEEJAY LANKA PLC (TJL.N0000)
by Teller Yesterday at 8:17 pm

» Elliott Wave Principle and Wave Equality
by evanpattern Yesterday at 6:23 pm

» JOHN KEELLS HOLDINGS PLC (JKH.N0000)
by Sanju121 Yesterday at 5:29 pm

» wisdom of JB
by ThilinaM Yesterday at 5:25 pm

» What are the companys that going to bancrupt or go low to zero in 2020-2022
by ThilinaM Yesterday at 5:15 pm

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Stock Market Research » Touchwood Case Review

Touchwood Case Review

Go to page : Previous  1 ... 9 ... 14, 15, 16 ... 20  Next

Go down  Message [Page 15 of 20]

281Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 2:48 pm

dinga


Equity Analytic
Equity Analytic
@Malaysian Investor wrote:I have sales agreements that have not been honoured and bounced cheques from Touchwood

I will share these with moderators if they ask

I have reported this to CSE and TW auditors all to no avail.

Touchwood seems to be a scam

Could you please clarify a few aspects:
1. Which TW entity issued the cheques?
2. What were the responses, if any, by CSE and KPMG?
3. What are your investments and where are they located?

BRs

282Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 2:53 pm

Malaysian Investor


Stock Analytic
Stock Analytic
1. That currently remains between me and the Police Force of the country where the cheque was issued as they are investigating.

2. CSE refused to take any action. I have this in writing, this forum does not let me quote, as a new user. but I have emails from dilmeeatcse.lk

3. Agarwood in Thailand.



283Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 2:57 pm

dinga


Equity Analytic
Equity Analytic
@Malaysian Investor wrote:
@Whitebull wrote:There are lot of investers worldwide criticizing Touchwood. Could a techie search IP addresses to check the validity of location of these new comers ?

I can provide Sales agreements not honoured, cheques that have bounced. Why are you defending them ?

An apologist, methinks! Wondering what relationship Whitebull has to TW..........

MODS - what do you need us to do to get released from prison?

Plenty of fellow TW sufferers have now offered to provide documents. Check the IP locations by all means - our Touchwood complaints are REAL, and consistent with my own experience. Hence I conclude that, like me, other posters here have no motive other than to protect our individual investments.

284Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 3:01 pm

dinga


Equity Analytic
Equity Analytic
@Malaysian Investor wrote:1. That currently remains between me and the Police Force of the country where the cheque was issued as they are investigating.

2. CSE refused to take any action. I have this in writing, this forum does not let me quote, as a new user. but I have emails from dilmeeatcse.lk

3. Agarwood in Thailand.



Thanks. I also have Agarwood in Thailand (along with bamboo) - hence I can deduce the answers to my Q1! I think it likely I'll be following a similar complaint route shortly - once I get the necessary 10 point credit, I'll email you separately

BRs

285Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 3:03 pm

dinga


Equity Analytic
Equity Analytic
@dinga wrote:
@Malaysian Investor wrote:1. That currently remains between me and the Police Force of the country where the cheque was issued as they are investigating.

2. CSE refused to take any action. I have this in writing, this forum does not let me quote, as a new user. but I have emails from dilmeeatcse.lk

3. Agarwood in Thailand.



Thanks. I also have Agarwood in Thailand (along with bamboo) - hence I can deduce the answers to my Q1! I think it likely I'll be following a similar complaint route shortly - once I get the necessary 10 point credit, I'll email you separately

BRs
Sorry - one more thing.... What was the essence of the response from CSE?

286Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 3:41 pm

Malaysian Investor


Stock Analytic
Stock Analytic
in essence - nothing to do with us - contact TW company secretary - which I did with no response. My lawyer has written to CSE making them now jointly liable.

287Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 6:50 pm

cyril_madrid


Stock Trader
Whitebull, will it help a lot to do an IP search and find out I am in Spain ??? What difference does this make ?

Is the regulator you contacted the Sri Lankan SEC Securities Exchange Commission ? It would be highly surprising if they replied this has nothing to do with us, as their lack of action and supervision could potentially make the state of Sri Lanka liable for negligence and lack of supervision.

I am also an Agarwood investor in Thailand. Actually I visited the plantation in situ, the trees were there !

288Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 7:04 pm

Fresher


Moderator
Moderator
I'm not sure if CSE is legally bound to check these things. But I don't think SEC can do anything about it.

This is not the only company to have such allegations. People are talking since the amount involved is huge. There are many companies which although not engaged in questionable business, do not treat customers at all.

289Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 7:15 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Alright as there was atleast some evidence provided and there "appears" to be some geuine concern to protect investments ( not collective gang efforts to put down TWOD) , I will move this out of prison.

But poster please be aware not to abuse this freedom and to discuss concern in a decent manner. Also once you get to 10 posts you can pm each other.

290Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 7:21 pm

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@dinga wrote:
@Malaysian Investor wrote:
@Whitebull wrote:There are lot of investers worldwide criticizing Touchwood. Could a techie search IP addresses to check the validity of location of these new comers ?

I can provide Sales agreements not honoured, cheques that have bounced. Why are you defending them ?

An apologist, methinks! Wondering what relationship Whitebull has to TW..........

MODS - what do you need us to do to get released from prison?

Plenty of fellow TW sufferers have now offered to provide documents. Check the IP locations by all means - our Touchwood complaints are REAL, and consistent with my own experience. Hence I conclude that, like me, other posters here have no motive other than to protect our individual investments.
First of all I do not have any contact with TW or I have not invested in their plantation or I have not got single TW share in my PF.And I am not defending them.
But you people seems to be cropping everyday complaining about TW.So do you think is it unwise to do some ground digging about this matter ?
And if you people are realy in trouble accept my apology for hurting ur feelings.

291Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 7:23 pm

cyril_madrid


Stock Trader
Of course the Securities and Exchange Commission of Sri Lanka has supervisory responsibility of listed companies.
I also gladly see it is a member of IOSCO, an international organisation of stock market supervisory bodies, so we can call the attention of IOSCO, if SEC Sri Lanka does not meet its duties at this respect.
Another thing is that SEC Sri Lanka investigates the issue, but does not disclose the status or even the existence of investigations, this is common practise of regulators.

292Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 7:24 pm

Malaysian Investor


Stock Analytic
Stock Analytic
You are welcome to check my IP. I have been extremely patient with TW. However, it is time that their business practices are exposed

293Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 7:29 pm

Fresher


Moderator
Moderator
@cyril_madrid wrote:Of course the Securities and Exchange Commission of Sri Lanka has supervisory responsibility of listed companies.
I also gladly see it is a member of IOSCO, an international organisation of stock market supervisory bodies, so we can call the attention of IOSCO, if SEC Sri Lanka does not meet its duties at this respect.
Another thing is that SEC Sri Lanka investigates the issue, but does not disclose the status or even the existence of investigations, this is common practise of regulators.

It is my view only. I am not sure on this. This is what I found though
http://www.sec.gov.lk/?page_id=2222&lang=en

294Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 9:05 pm

Malaysian Investor


Stock Analytic
Stock Analytic
@Whitebull wrote:
@dinga wrote:
@Malaysian Investor wrote:
@Whitebull wrote:There are lot of investers worldwide criticizing Touchwood. Could a techie search IP addresses to check the validity of location of these new comers ?

I can provide Sales agreements not honoured, cheques that have bounced. Why are you defending them ?

An apologist, methinks! Wondering what relationship Whitebull has to TW..........

MODS - what do you need us to do to get released from prison?

Plenty of fellow TW sufferers have now offered to provide documents. Check the IP locations by all means - our Touchwood complaints are REAL, and consistent with my own experience. Hence I conclude that, like me, other posters here have no motive other than to protect our individual investments.
First of all I do not have any contact with TW or I have not invested in their plantation or I have not got single TW share in my PF.And I am not defending them.
But you people seems to be cropping everyday complaining about TW.So do you think is it unwise to do some ground digging about this matter ?
And if you people are realy in trouble accept my apology for hurting ur feelings.

we are really in trouble - it is only now coming to light how badly TW have acted, and criminal acts have taken place

295Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Thu Jan 03, 2013 10:30 pm

cyril_madrid


Stock Trader
Npp, my take would be that if indeed issuers (companies) are not regulated entities as such, they have a series of obligations (disclosure of information, ...) vis a vis the regulator, and the regulator in turn has some powrs with respect to their stock, for example suspending trading of the stock. I cannot post here, but if you do a search on SEC Sri Lanka suspends trading, you will get a number of hits.
Suspiscious of fraud could trigger a request of information from the SEC Sri Lanka to the company, failure to disclose information could trigger sanctions and eventually suspension from trading.[i]

296Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Fri Jan 04, 2013 12:13 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
To all those who are in trouble:

We will try to find out what is the position of this Company in Sri Lanka.
Two months ago they even opened a new branch.

There are acres of plantations with them here in SL also. They cannot take them away.
Somehow, they always thrived with the money collected from the new policy holders.
I think they have reached the top of the Pyramid.
Now they have to generate real cash from their business.



297Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Fri Jan 04, 2013 5:07 am

dinga


Equity Analytic
Equity Analytic
@dinga wrote:G'day Bacchus - some quick thoughts:

1. Take a look at the reverse of your Certificate. In my case, an Australian TW entity is also included in the definition of "Promoter". Seems to me, action is potentially available against all five (5) specified TW entities - individually and collectively.

2. Am wondering if the "country in which the Tree Sale Order was entered into" may well be the location where the TW entity signed it (ie. Hong Kong). Interesting, since HK is not a 'country' but a Special Administrative Region of the Peoples' Republic.

3. I have appointment with TW's Khun Monpassorn on 4 January 2013 (she apparently has been given the task of sorting out the mess). I'll decide what's best for me after that meeting but think collective actions by investors are likely to bring the best results rather than any shotgun approaches by individual aggrieved fellow sufferers. Have you joined LordToad's group?

Disappointed - but not surprised to report that I just received a very brief email from Khun Monpassorn cancelling today's meeting. Methinks it's time to gird the loins....

298Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Fri Jan 04, 2013 1:55 pm

Bachus


Stock Analytic
Stock Analytic
Similarly Ms. Arunee Tippilar [arunee@touchwood.com] and Mr. asanka@touchwood.lk did not fulfilled their promises to respond to my query by the 2nd Jan.
Since TW is not able to deliver, we investors have to take back the ownership of our plantations and appoint another Forestry Manager to either harvest matured plots or continue cultivation of those which are still growing.
Who knows what is the right legal entity who can rule the rights of the ownership?
Hopefully TW did not sell the same plot to multiple investors...

299Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Fri Jan 04, 2013 2:08 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Do it without giving them a Head start.
There are, I am sure people from this (Fake) Company/s must be reading this too. Very Happy
@Bachus wrote:
We investors have to take back the ownership of our plantations and appoint another Forestry Manager to either harvest matured plots or continue cultivation of those which are still growing.
Hopefully TW did not sell the same plot to multiple investors...



Last edited by Kithsiri on Fri Jan 04, 2013 2:10 pm; edited 1 time in total (Reason for editing : clarity)

300Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Fri Jan 04, 2013 3:27 pm

venkat1711


Stock Analytic
Stock Analytic
Hi All, Slowly more & more people cheated by Touchwood scam are joining this forum. I am not sure if "Lord Toad' is actively following this forum. He already has the contacts of a dozen people affected . Either Lord Toad or Mr Dinga could coordinate to start a YahooGroup or something like that and we all can register and discuss how to go about this issue jointly instead of disturbing this Srilankan Equity Forum as many people feel we are fakes!!

One of the issues where Touchwood plc Srilanka is likely to take shelter and escape direct legal action is that they have issued all our certificates from Touchwood, Honkgong / Toucwood forestry Bangkok. So they are showing total indifference to our e-mails and calls and just keeping cool.

I am just wondering if all the affected persons could issue a joint Advst. in one of the Daily Newspapers having large circulation regarding this scam ?? Will it help in our cause?? Also the problem is how to share the cost and transfer money etc and who will help us in doing that??

Please share your thoughts & lets decide to move forward to see what best could be done to recover our investments ( if any possibility is there!!) which I have almost lost all hopes.

301Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Fri Jan 04, 2013 4:29 pm

Bachus


Stock Analytic
Stock Analytic
Venkat, the advert may not help us, this may help to prevent new victims to fell into the TW's trap, but how would you advertize around the world?
Our goal is to recover our actual or potential loses. I agree with the statement "Do it without giving them a Head start.
There are, I am sure people from this (Fake) Company/s must be reading this too." and suggest that we go out from this forum.
May Lord Toad and/or Mr Dinga please coordinate the action?
Regards,

302Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Fri Jan 04, 2013 5:15 pm

venkat1711


Stock Analytic
Stock Analytic
Dear Bachus, By giving an advertisement ( at least in Colombo first if not international) we can make it public that Touchwood is a scam company cheating several investors. Right now they are happily carrying on business as usual in Srilanka as investors there are not aware of anything. They are still collecting millions of Dollars and enjoying ... they are still not hurt and the management must be happily flying around the world or driving around in posh cars with investors money. That should be stopped. It will cut money supply to them and they may sit and take notice of our notices.As such it looks like they are not hurt and not willing to pay any heed to our hue & cry..
Note for Mr Dinga... So this Monpassorn cancelled her meeting with you Crying or Very sad ... No surprise at all. I suspected she is talking too butterly...& friendly and giving a feeling that she is too much concerned about our problems & she is going to solve all problems slowly..... Guess its all eye wash & Touchwood management tactic to keep investors at bay giving them false hopes so that you keep waiting and don't take any action against them...This will allow them to carry on business in Srilanka as usual... I think this is their strategy and we need to realize this... They need to get hurt thro' some means...

303Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Fri Jan 04, 2013 6:26 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
If Foreigners involved then take a Court order stopping them leaving the country First.
Once one of them is cornered, then the killing will be much easier.
(Unless the D Company is behind this again).
Think like a Scoundrel ( Gentleman approach will not get you anywhere in situations like this.
That will shake them and then a coordinated effort from there on by investors.
Good Luck.



Last edited by Kithsiri on Fri Jan 04, 2013 6:31 pm; edited 1 time in total (Reason for editing : spelling errors.)

304Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Fri Jan 04, 2013 8:03 pm

venkat1711


Stock Analytic
Stock Analytic
Dear friends , I have drafted an article (regarding the plight of investors in Touchwood) which can be published in some of the News papers the contact e-mails for which I have collected from the web. Some of our friends in this forum can also help us in identifying more New papers and help us in this regard. If all feel O.K. I shall put that draft here and all can edit and the same can be sent to the local News Papers in srilanka. If they are willing to publish it can help us in some way and also stop them from further cheating many more investors. Kindly let me know your idea about this.

305Touchwood Case Review  - Page 15 Empty Re: Touchwood Case Review on Sat Jan 05, 2013 9:22 am

Lord Toad


Equity Analytic
Equity Analytic
I am here

We have a group of 20 so far and a website with more on it. Please join us we are getting together.

[url=Website link is here]http://touchwoodinvest.com/[/url]

Sponsored content


Back to top  Message [Page 15 of 20]

Go to page : Previous  1 ... 9 ... 14, 15, 16 ... 20  Next

Permissions in this forum:
You cannot reply to topics in this forum