Leave the sinking Titanic now!

By Richard Loh

“Just Trust Us Sdn Bhd” (JTU) is the biggest corporation in this country for 54 years running. In a nation that comprises of many races, smaller corporations were formed to operate businesses to suit each individual race. In no time these small corporations were bought over by “Just Trust Us Sdn Bhd” and incorporated into a major company called “Just Follow Our Command Sdn. Bhd” (JFOC) to which “Just Trust Us Sdn. Bhd” remains the major shareholders.

There are many private corporations that are envy of “JTU” and “JFOC” successes (even though by dubious means). They tried many times in corporate take over bids but failed miserably.

Even though “JFOC” is in the forefront carrying out the daily business, it is “JTU” that controls every single thing from behind. All top portfolios in “JFOC” are themselves holding high position in “JTU”. Every three years election is called to elect who will be the management team in “JTU” and even though there are thousands of shareholders only a handful are allowed to vote. “JTU” is in fact owned and controlled by a handful of close and trusted associates and will remain so as long as other shareholders dare not raise the issue.

“JFOC” has its own functioning system and election but it is not of significance as “JTU” is the real master behind it all.

“JTU” and “JFOC” are having good run for over fifty years, making tonnes of money, dubious transactions, siphoning “JFOC” corporate money and depositing in overseas accounts, living a very good life themselves while other shareholders are left with nothing or just pittance to survive on a daily basis.

Over the years shareholders have been hoodwinked into believing that “JTU” and “JFOC” were doing fine and both corporations remain strong that they will never be placed under receivership nor face insolvency.

But lately, cracks are showing up, signs of mismanagement, inappropriate transactions that cause huge loses and a claimed that “JFOC” may go bankrupt soon. Shareholders are complaining and showing their dissent publicly but “JTU” and “JFOC” management teams are not listening. New lies are born to cover up old lies and disciplinary actions taken against those shareholders who are more vocal.

A titanic that boasted it can never sink had hit an iceberg and about to sink. This titanic is gonna sink for sure and those in it are going to drown if they don’t leave the sinking ship now. If they leave now, at least there is still a chance to survive and see another day.

Help is on the way, another big corporation “PR Sdn. Bhd” had been formed, which is more trustworthy and on the verged of taking over “JFOC”. This new corporation had shown their ability to run businesses with integrity and transparency. Every transaction account will be opened for viewing to shareholders. The management team are people with integrity, honesty and they will ensure that all profits generated will be distributed equally. They will not entertain any dubious business transactions nor corruptions.

Shareholders of “JTU” and “JFOC” must not cling on to these corporations that had failed to give out dividends, lied to so often, rampant corruptions and have no intention of helping shareholders except their own associates.

Shareholders of “JTU” and “JFOC” should let go of their shares and invest in this new corporation “PR Sdn Bhd” that is genuinely helping each and every shareholders. Give it a chance and if you feel dissatisfied with their performances you can always sell your shares and reinvest into “JTU” and “JFOC” should they be wise to have make a corporate transformation.

Shareholders have nothing to lose but everything to gain by leaving a failing corporation and invest into a more stable and reliable one. Don’t you think?

  1. #1 by k1980 on Tuesday, 9 August 2011 - 7:34 pm

    The problem is that the Securities Commission is controlled by “JTU” and “JFOC” and they will do everything including “forced suicide'” to bring down PR Sdn. Bhd

  2. #2 by dcasey on Tuesday, 9 August 2011 - 9:06 pm

    Worse still, “JTU” and “JFOC” will publicly declare PR Sdn. Bhd. as an illegal entity and even go the extreme to ban the corporate colour of PR Sdn. Bhd. to be illegal as well. Anyone caught wearing that colour will be instantly arrested by PDRM.

  3. #3 by tak tahan on Tuesday, 9 August 2011 - 10:16 pm

    This Titanic will sink even without hitting the iceberg but this coming GE13 the end of such sad melodrama will be caused by Rosmah for been the lead singer to make it sink along with her diamond ring and all others.

  4. #4 by tak tahan on Tuesday, 9 August 2011 - 10:19 pm

    sorry typo…
    as this coming……

  5. #5 by drngsc on Tuesday, 9 August 2011 - 11:16 pm

    Sad, but true analogy. JTU, JFOC and part of PR Sdn Bhd is all about money. If that is true, then PR sdn Bhd will be no better than JTU and JFOC. When they win, they will be buyable, like equities. Fortunately for Malaysia, a part of PR sdn bhd is not about money, but about principles.
    We must get away from money ruling the country.
    Sad but true. Politics in Malaysia, in a large part has become all about money.
    We must weed out money politics, otherwise elections is a fuss. They will hop, they will jump, they will bride.

    We must change the tenant at Putrajaya. GE 13 is our best chance.

  6. #6 by dagen on Wednesday, 10 August 2011 - 9:02 am

    Its all about the village malay folks. They kept the MV Umno afloat. Not much point in appealing to corporate malay guys now in umno. Corporate people usually talk about money only and not principles. Bet my bottom dollar, when the scene is set and is clear that pakatan will take over those corporate malay / umno people will gladly hop out of MV Umno and over to pakatan. For that matter, corporate umno members are really not reliable for support. They are a potential liability to umno even now. But umno needed them for funding. And they needed umno only so long as umno can promise them lucrative contracts (with no promise of completion).

    Village folks who still support umno are usually senior citizens. They still carry with them fond memories of umno’s early struggle. Umno are them and they are umno. That is the sentiment that binds them to this day. But as a group, these aging village supporters are certainly dwindling in number.

    Younger malays are more disconnected with umno and hence they are less sentimental about the party. Like the rest of the voters they too are (more likely than not) pursuaded and moved by issues rather than sentimental ties.

    At the same time umno is distancing itself from the malays – old and young. Umno have (since dr mamak’s time) created a new super race called the umnoputras. Umnoputras need not be malays. Dr mamak molded that new elite race single-handedly. Needless to say, he ensured that indians too would qualify as umnoputras. As a matter of fact today umnoputras of indian origin seem to benefit more from the party, proportionately speaking, then the rest of the umnoputras. That is why they are so passionate about the party. But these are the corporate people. Their support and passion for the party is only skin deep. Anyway their cries for more contracts is actually meaningless to the Joe Ahmads now cobbling away by the side of some KL streets and the Johnny Ahmads now ploughing in the fields.

    Joe Ahmads are fully aware that umno does not help them at all but Johnny Ahmads do not. How do we reach out to them? Umno controls the traditional media and the virtual media is still a novelty to them. So its down to leg-work. This job is cut out for PAS I suppose.

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