“Due to an increase in redemption applications and rising credit risk in some investments, Public Trust Investment Management Sdn Bhd (ARIM) announced that it will temporarily suspend subscription, redemption, and transfer-in/transfer-out transactions for three of its unit trusts from October 13. The affected funds are AmanahRaya Islamic Trust Fund (ARSTF), AmanahRaya Islamic Income Fund (ARSIF), and AmanahRaya Unit Trust Fund (ARUTF).”

that's one way of looking at it, nicky. but in reality, the emotional sunk cost (running loss) played a bigger role in the judgement of questionable numbers (eg - 3.7bil unknown dev costs/assets) and over time, increasing the risk of total capital loss.

如果我们拿eth和ztc同功能的crypto相比：

1。eth市值300bil usd, 目测每天成交额大约10-20bil usd.
2。ztc市值5bil usd,目测每天成交额大约50-300k usd.

如果balance sheet里的rm530mil digital assets全是ztc，你告诉我要如何卖？

有價無市的幣種，幣圈人常講只要不是市值前10大的幣種就全部都是沒價值的山寨幣。
這個ZTX更加是連排名都沒有了。

雖然對外的解釋是這個幣似乎是什麼國家和機構之間的交易的代幣，所以比較少在個人投資者之間流通。
不過現在看起來比較像是忽悠沒玩加密貨幣的人。

I know but I based it on the fact that if a director or principal officer of a listed issuer in Malaysia fails to notify the company within 3 market days of dealing in listed securities (or if the listed company fails to immediately announce it to Bursa Malaysia), it constitutes a breach of Chapter 14 of the Main Market Listing Requirements and there are consequences and penalties. The last transaction announced was for 9 October 2026. We should have an announcement by 7pm today if there were transactions on 12-13 October 2026.

The margin Call Problem started on 16th June 2026 but Wong Application for pospone was approve 4 times up to 01st sept 2026.
The final one Wong requested to pospone til 11 sept but the Market crash on 26 August. The margin Call problem have been Long but all of US didnot know about it.

Bursa criteria for substantial shareholder announcement
The Bursa Malaysia criteria for substantial shareholder announcement include notifying the Securities Commission (SC) within 7 days of acquiring 5% or more of the aggregate voting shares in a company. This notification is required to ensure transparency and compliance with the Securities Industry (Reporting of Substantial Shareholding) Regulations 1998. The SC may grant an extension of time for reporting if necessary.

8bil shares and stock price at 0.06. White knight will probably wait for it to enter PN17 and falls into restructuring (consolidate and then pp) and this is assuming the numbers reported all this while are legit - the over 600mil blockchain revenue from outside of Malaysia :)

With hindsight, our negative comments meant well so as to prevent GenZ & Millenials to punt and speculate in view of all the red flags risks. Stock forum is for the exchange of information and there should be no animosity between forumers. We can always agree to disagree.

TheEdge has done a good job highlighting the irregularities/questionable numbers. Yesterday's cover stories were really good. And there is one which is related to Eforce but could be relevant to Zetrix too - https://www.klsescreener.com/v2/news/view/1809827/cover-story-2-where-did-excel-force-s-rm26-6-mil-go

Covenant risk is the danger that a borrower will violate the legally binding rules, financial limits, or promises (known as covenants) set by lenders in a bond or loan agreement.

If a borrower breaks these rules, it triggers a technical default. This gives lenders the legal right to demand immediate repayment of the entire loan or bond, which can push the borrowing company into an unexpected liquidity crisis or bankruptcy.

I think what is more important is to get to the bottom of the numbers in the balance sheet instead of largest shareholder; in order for the company to survive. Its a bil ringgit company and pat over 800mil last year. This year would have reach 1 bil PAT given the mythical years of endless growth.

coins and zetrix wallet? ermm... over 600mil blockchain revenue outside of malaysia last year with no major customers. I assumed zetrix wallet must be very popular given the significant revenue? after all, 3.7bil dev assets have been spent to generate these revenue. Big big numbers.

The Company is required to remedy the covenant breach by 22 October 2026. Should the Company fail to remedy the breach of covenant by 22 October 2026, the consent and instructions or direction of the Sukukholders will be sought via an Extraordinary Resolution of Sukukholders. Once Sukuk defaults, it can trigger cross-defaults on all other Company borrowings.

gonna be tough, panorama. there's cash eq of over 500mil as of jun'26. dividend arrears and jpj arrears in Sep'26. either the 500mil is restricted or its gone by Sep. the boss owed ~70mil to CGS and there are other nominee brokers too. potentially owing a few hundred mil?

think about it. the current assets are twice the size of the current liabilities. By right insolvency incidence shall not happen even once especially they deal with a lot of cash business, unless these numbers are not real but just numbers....

yeah. if there are questions on the 3.7bil dev assets, all other cash and non-cash assets are questionable too. eg. total receivables is approx 900mil and this is huge. Total payables is approx 90mil for bil ringgit revenue company proves that Zetrix is a good paymaster.

Got to be kidding the Legendary Uncle Wong. Still got people discussing the figures. Tells Uncle the level of retail IQ and skills. These days got ChatGPT and AI, Uncle shudder to think how the non 0.01% (ie almost everyone) of the population will survive the age of AI.

Uncle said a long time ago, all that glitters is not gold.

And the value of nothing is zero.

If I were a Sukukholder, I will definitely push for the company to sell off its assets to repay the principal and interest at the Extraordinary Resolution of Sukukholders. That is when we will find out whether those assets are actually worth what they claim.