Hence i find this full argument baseless and has got no ending.

January 8, 2006 @ 6:17 pm

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la vie en rose………..

bukan untuk saya…uhukkkkkkkkk uhuk uhuk terkentut..

i didnt hear u say that words with me…

January 8, 2006 @ 5:01 pm

i think i wanna say this la to those two TM……”kerrrrrjaaaaa sama sayaa,bukan untuk..uhuk,uhuk,uhuk,uhuk..sayyyyyaaaaa”.

hahahahahahahahaha…..those two TM tak pernah dgr that words

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maybe the coughing guy should buy a cough syruo by cni agent..jolly bean.cni product very good..see how rich and got lots of free time to take SPM one more time..

hahahahahahahahaha…..those two TM tak pernah dgr that words ka?

January 7, 2006 @ 9:58 pm

i think its sooo funny that some claimed investment banker here with high salary and driver bla bla still have time to write an essay here..hahhahahhahhahahahhah…………………………………………………..jolly bean…u should be a writer for star trek or something since fiction is ur strong points…hahahhhahahahhaahhahahah

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waaahhhh,someone who goes to work with a driver,writing an essay here ahh…..hahahahahahahahaha.got lots of time huh?

thats why la i think he's a cni agent…kaya sebab main skim cepat kaya looo….hehehehehehe.goyang kaki la youuu….

maybe he's an cni agent…..huhuhuhu.

January 6, 2006 @ 4:19 pm

korang ni tak keje ke? 24 hours reply blogs je… ckp keje power2…keje kat uk la, investment banker la.. tp tgk every 10 minutes ade reply…. panjang lebar pulak tu…mcm essay…. kalo macam ni nye pekerja… macam mana la company nak maju…….

bangun pagi, pakai baju ofis…pegi ofis… bukak blog, reply blog satu hari… bbih tu balik rumah… hampeh tul sume…hahaha

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hahahahahha…huhuhuhuhuhu…power2 kerje,siap tulis essay lagi…i agree with u…dioworang ni la yg org panggil makan gaji buta…uhhuuhuhuhuhuhu

January 6, 2006 @ 1:10 pm

Jolly Roger is so accurate with his information.

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even a schoolboy can write a fictional essay…hahaahhahaah…..show us proof la…

Oh how little you know. Lotus is at the cutting edge of sportscar design and manufacture after a few years of under-performing. Proton's support has enabled it to develop several new versions and new models which it was not able to do before. But put in a Malaysian to run it? It will die.

Malaysia Boleh, but Malaysians boleh't be arsed when it comes to making something work. .

bangun pagi, pakai baju ofis…pegi ofis… bukak blog, reply blog satu hari… bbih tu balik rumah… hampeh tul sume…hahaha

Why i think it is the right decision:

1. Proton doesnt seem capable of turning the motorcycle maker around.. and its new management seems to think that reviving them doesnt seem viable. Look at Lotus, still loss making till this day after several years…

2. What sort of technology transfer does it plan to undertake? Build cars that operate on 2 wheels?

I believe TM made the wrong decision acquiring MV Augusta (and to a certain extent Lotus). For the sole purpose of technology transfer, why spend millions acquiring an ailing company and making provisions for its debts year after year .. basic business sense will tell you that you should dispense with non performing assets in your business..

IF they needed the technology boost, hire the right personnel from the respective companies instead. Certainly much more cost efficient….

TM might argue that there is a form of prestige by having own the brands of Lotus and MV Augusta, but i would disagree with this… spend your own money building up the Proton brand itself, dont try to ride on someone else's name.. it never quite worked for Proton associating itself with the Lotus brand anyway…

I somehow have the feeling that TM went ahead acquiring the 2 brands based on him having an emotional attachment to it.. and having the vast funds to do so, went ahead with them.. without thinking of better alternatives for Proton… (well this is just my tought anyway..)

All in all.. i just think that it is the right decision to dispose of MV Augusta for 1 euro.. .. you simply cant continue making the same mistakes and carry on the burden left behind by your predecessors…. in essence, i think this is a very brave decision by the new Proton management.. and in my opinion, the right one..

So lets get started….

Despite the "reports" that Proton is preparing a reply soon, I doubt that Proton will entertain the so called issues raised by the 2 TMs. Unless there is a Bursa query or a request from someone with proper locus standi (S & P, if this word is too big for you let me know) after going through proper procedures, there is no reason whatsoever to respond to the ramblings of a failed CEO and has been politician. I was told that the view is that the 2 TMs are too insignificant (a senile old man with a forked tongue and a has been rally driver that believes in his own hype) at the moment and that Proton would rather go about its business.

If anything, the 2 TMs would first have to answer some of the issues behind the purchase of MV Agusta to begin with. The fine folks here may also be interested to learn that the purchase was "tainted" to begin with, as follows:

1. The original acquisition of MV Agusta was done through Proton Capital Sdn Bhd. Would it surprise you all that the three member board of Proton Capital were at that time made up of three employees of the Proton Group that are no longer with the company. These three

are the unholy trinity that make up the apex of Proton's then management.

2. The original acquisition was subsequently submitted for ratification (Proton Capital is a shell with no real money, so need to go back to the main board) to the main board but it failed to disclose certain material facts and projected rosy future for MV Agusta. The board, despite ratifying it, still requested certain condition precedents be included to

protect Proton. These condition precedents however, were subsequently waived by the unholy trinity acting in their capacity as directors of Proton Capital.

3. One of the condition precedents waived has to do with supply of working capital to MV Agusta. As a result of this foolish schoolboy mistake by the unholy trinity, MV Agusta suffered a cash crunch. It had therefore to borrow from papa Proton. Even then, the request was approved by management (guess who) at the manufacturing and a foreign subsidiary level (these are the opeating subsis and they have some cash). The board of the holding company only got to know abt it later.

4. There were doubts about the real technological benefits of MV Agusta and its strategic fit with Proton. There were doubts of its financial as well as operating capabilities as well. However, these were all hidden, thanks to the group structure and board composition then. If you recall, one of TM sr quips when commenting on TM jr's non renewal as CEO was that the new board was convening too many meetings and asking too much info, thus "cramping his style". It was just another way of saying they were not able to hide their deeds anymore.

5. Another little known fact was that despite holding 57% of MV Agusta. Proton had no management control. A certain Mr Cocco was put in as CEO as Proton's rep. The fact of the matter is that this guy was an employee of Soc Gen who was both an adviser to Proton for the deal as well as acting as broker (what a conflict of interest). Cocco may have been the CEO, but the real power remained with Castiglioni as Chairman (and head of several divisions within the company) and his sons, who were allowed to remain with MV Agusta and paid a hefty paycheck. The shareholder's agreement entered into between Proton by TM jr also tied up Proton's hand and effectively prevented it from being able to restructure the company.

6. Following on from point no. 3, with no source of working capital and plummeting sales, there was just one way to go for MV Agusta. They tried everything, including extending credit terms beyond normal to distributors, but they could not get the volume needed as their bikes were no longer "in fashion". Stocks built up and well….

There is enough material to write a "50 Dalil" type of book of TM jr but that is just too cheap. Suffice to say the MV Agusta deal was a bad deal to begin with, dreamt up by a man that had visions of his own grandeuer and ability.

As for the personalities making noise in the forum. the two morons known as Shaymen and Paramsingwalia clearly are trying their best to overcompensate (I like that word, thanks Laetitia) for their lack of a clear head and perhaps a male tool, hence their constant sniping (bitching is more like it) and homophobia (I am tempted to say these two are probably closet gays by the looks of it but that would be demeaning to gays). Not only do they not know the difference between MV Agusta and Agusta Westland, they had the gall to then try deflect their ignorance when I pointed out the website for each company.They also tried to make fun of th mistake I made with respect to engines, despite correcting it well before the morons chipped in, Idid not care so much about that. The crux of the matter is the corporate issues at hand and I have not been wrong with my corporate facts. I have made references to publicly available numbers from Bursa's service for investing public while they have cooked up their own imaginary factoids.

After that, they went after Laetitia with more sexual innuendos…real class for dickheads and morons I suppose, but not good enough if you want to argue out a case succintly.I bet you feel so manly after verbally assaulting a female or in your words, an old lady. I really pity your progeny…clearly they will be blessed with your moronic charms as they grow up.

As for Laetitia, she is clearly not a Proton basher but just thinks very little of TM jr and his cohorts. She did however make a minor mistake. The name of the dealership in which TM jr has an interest in Emas….. in KB. The big huha is how it got a deal to supply roughly a few thousand units of cars (not tanks as one of the Brotherhood of Morons put it) to one of the summits held in 2004. It was not to the army. It is however well documented (Proton had, if you recall, undertaken a special audit. One of the key areas was RPT).

There are other stuff that is worth sharing like what the heck Proton is doing selling bicycles (TM jrs idea, and surely someone laughed all the way to the bank). 14,000 bikes had to be written of for obsolescence so far this year. That is a lot of unsold bikes…so much for diversification. The setting up of additional plants despite not utilising

current capacity is another schoolboy mistake. So is getting involved with a certain Datuk L, whom he appointed as distributor for Lotus in China and paid USD 1 million to help enter the Chinese market. All these show TM's lack of business acumen…he should have stuck to driving for a living. If we take a step back and evaluate what is it exactly that was positive TM jr was supposed to have done, the list, if any would be short indeed.

Alright thats it for me for now. I am off to Macworld 2006. Hopefully, both S & P would grow half a brain and learn a bit more civility by the time I visit the blog next. Unfortunately, that would probably be too much to ask.

If anything, the 2 TMs would first have to answer some of the issues behind the purchase of MV Agusta to begin with. The fine folks here may also be interested to learn that the purchase was "tainted" to begin with, as follows:

1. The original acquisition of MV Agusta was done through Proton Capital Sdn Bhd. Would it surprise you all that the three member board of Proton Capital were at that time made up of three employees of the Proton Group that are no longer with the company. These three are the unholy trinity that make up the apex of Proton's then manaement.

2. The original acquisition was subsequently submitted for ratification (Proton Capital is a shell with no real money, so need to go back to the main board) to the main board but it failed to disclose certain material facts and projected rosy future for MV Agusta. The board, despite ratifying it, still requested certain condition precedents be included to protect Proton. These condition precedents however, were subsequently waived by the unholy trinity acting in their capacity as directors of Proton Capital.

3. One of the condition precedents waived has to do with supply of working capital to MV Agusta. As a result of this foolish schoolboy mistake by the unholy trinity, MV Agusta suffered a cash crunch. It had therefore to borrow from papa Proton. Even then, the request was approved by management (guess who) at the manufacturing and a foreign subsidiary level (these are the opeating subsis and they have some cash). The board of the holding company only got to know abt it later.

4. There were doubts about the real technological benefits of MV Agusta and its strategic fit with Proton. There were doubts of its financial as well as operating capabilities as well. However, these were all hidden, thanks to the group structure and board composition then. If you recall, one of TM sr quips when commenting on TM jr's non renewal as CEO was that the new board was convening too many meetings and asking too much info, thus "cramping his style". It was just another way of saying they were not able to hide their deeds anymore.

5. Another little known fact was that despite holding 57% of MV Agusta. Proton had no management control. A certain Mr Cocco was put in as CEO as Proton's rep. The fact of the matter is that this guy was an employee of Soc Gen who was both an adviser to Proton for the deal as well as acting as broker (what a conflict of interest). Cocco may have been the CEO, but the real power remained with Castiglioni as Chairman (and head of several divisions within the company) and his sons, who were allowed to remain with MV Agusta and paid a hefty paycheck. The shareholder's agreement entered into between Proton by TM jr also tied up Proton's hand and effectively prevented it from being able to restructure the company.

6. Following on from point no. 3, with no source of working capital and plummeting sales, there was just one way to go for MV Agusta. They tried everything, including extending credit terms beyond normal to distributors, but they could not get the volume needed as their bikes were no longer "in fashion". Stocks built up and well….

There is enough material to write a "50 Dalil" type of book of TM jr but that is just too cheap. Suffice to say the MV Agusta deal was a bad deal to begin with, dreamt up by a man that had visions of his own grandeuer and ability.

As for the personalities making noise in the forum. the two morons known as Shaymen and Paramsingwalia clearly are trying their best to overcompensate (I like that word, thanks Laetitia) for their lack of a clear head and perhaps a male tool, hence their contant sniping (bitching is more like it) and homophobia (I am tempted to say these two are probably closet gays by the looks of it but that would be demeaning to gays). Not only do they not know the difference between MV Agusta and Agusta Westalan, they had the gall to then try deflect their ignorance when I pointed out the website for each company.They also tried to make fun of th mistake I made with respect to engines, despite correcting it well before the morons chipped in, Idid not care so much about that. The crux of the matter is the corporate issues at hand and I have not been wrong with my corporate facts. I have made references to publicly available numbers from Bursa's service for investing public while they have cooked up their own imaginary factoids.

After that, they went after Laetitia with more sexual innuendos…real class for dickheads and morons I suppose, but not good enough if you want to argue out a case succintly.I bet you feel so manly after verbally assaulting a female or in your words, an old lady. I really pity your progeny…clearly they will be blessed with your moronic charms as they grow up.

As for Laetitia, she is clearly not a Proton basher but just thinks very little of TM jr and his cohorts. She did however make a minor mistake. The name of the dealership in which TM jr has an interest in Emas….. in KB. The big huha is how it got a deal to supply roughly a few thousand units of cars (not tanks as one of the Brotherhood of Morons put it) to one of the summits held in 2004. It was not to the army. It is however well documented (Proton had, if you recall, undertaken a special audit. One of the key areas was RPT).

There are other stuff that is worth sharing like what the heck Proton is doing selling bicycles (TM jrs idea, and surely someone laughed all the way to the bank). 14,000 bikes had to be written of for obsolescence so far this year. That is a lot of unsold bikes…so much for diversification. The setting up of additional plants despite not utilising current capacity is another schoolboy mistake. So is getting involved with a certain Datul L, whom he appointed as distributor for Lotus in China and paid USD 1 million to help enter the Chinese market. All these show TM's lack of business acumen…he should have stuck to driving for a living. If we take a step back and evaluate what is it exactly that was positive TM jr was supposed to have done, the list, if any would be short indeed. Despite all this, this guy is trying to take action in IR court against Proton to get his golden handshake. You see, at the end of the day, TM jr is just looking for a pay0ff

January 5, 2006 @ 7:13 pm

huhuhu….mindless jolly bean.an agent or a traitor maybe…