Kiwulegedara to salvage Touchwood

Mr. W. L. Kiwulegedara has come forward as the Financial Provider of the shaken Touchwood Investments PLC, reports say.

Speaking at the 14th Annual General Meeting (AGM) of Touchwood, which was held today (26), Mr. Kiwulegedara vowed that justice will be done for its investors and shareholders within the time period of oncoming 3 weeks to 6 months.

He further said that he is taking steps to invest 200 Million Rupees in Touchwood PLC for the task.

Although the investors of the Touchwood company have currently faced a liquidity problem of 150 Million Rupees, he would be providing the solutions for it in the course of the oncoming 3 weeks.

Meanwhile, it is also reported that Mr. Kiwulegedara, who was appointed for a Director post in Touchwood Investments PLC on the 23rd, has later assumed duties of the CEO.

It is said that he has also chaired the 14h AGM which was held today.

He had been working as the Touchwood's Business Development Manager before being appointed as a Director.
http://www.srilankamirror.lk/news/10773-kiwulegedara-to-salvage-touchwood

For such support and risk taking this Kiwula should be given 50% of the company and also 50% of Mrs Baloney.
Thanks to Kiwula a lot of pumping can be done in future as well.

Who is he, what's the source of his funds? equity, debt or other  

KIWwa U neda LEG Eka DARA karanawa kiyala !

So TWOD will pass Rs.8.00 in coming week.

? Why have they delayed any official disclosure of the price sensitive talk of infusion of new capital. ?Another promise by the same crowd - like bringing new investor to resurrect CIFL.

Market.Player wrote:So TWOD will pass Rs.8.00 in coming week.

I agree - A good buy even at 5

Big question is will it trade on Monday?

sikka89 wrote:Big question is will it trade on Monday?

SEC may allow trading if the company officially disclose all promises they gave at the AGM.

K.Haputantri wrote:

sikka89 wrote:Big question is will it trade on Monday?

SEC may allow trading if the company officially disclose all promises they gave at the AGM.

If they go back on their promise given at the AGM they have to declare it officially to get the Trading Holt removed.

ගෙදර ගියොත් අඹු නසී මග සිටියොත් තෝ නසී වගේ දෙයක්නෙ කිවුලෙට සිද්ද උනේ. අනේ අනිච්චං!!!

kas wrote:Who is he, what's the source of his funds? equity, debt or other  

He had been working as the Touchwood's Business Development Manager before being appointed as a Director........

ane manda.....

Market.Player wrote:So TWOD will pass Rs.8.00 in coming week.

Hey, Kiwla is looking at 15 and u at 8? Why u wanna sell low???   

Kiwlegedara went onto say that after successfull turnaround operation he woud be keen to invite Asitha Koralage who earlier resigned from the board (30th August 2013) to head the company again as Koralage had been infuential in setting up company's operations in Sri Lanka since inception.

However Kiwlegedara also went onto say that the new board will assure to bring the share value of Touchwood back to Rs.15 whilst his team has no intention to earn money by fluctuations of Touchwood shares in the market untill the company is turned around in which event a new share buy back plan will be on cards.

Source: http://www.ceylontoday.lk/e-paper.html Ceylon Today - Ceylon FT, 29/09/2013

Sounds all a little like Roscoe Maloney taken over Aspic from Deepthi Perera then together shuffling all off overseas and absconding,selling off all shareholdings of aspic in cifl selling off all other companies in aspic and benefiting themselves
Deepthi perera has launched himself into thailand with touchwood in plantations hiding Roscoe maloney
Roscoe maloney has taken over Aspic to hide Deepthi Perera
Cheques supplied by Roscoe Maloney to myself to purchase my shareholding in aspic are also fraudulent and also from a bogus account I retain all their agreement and blank copied cheques all was another scam by these master of trickery and lieing thiefs Roscoe Maloney and Deepthi Perera
They have got away with funds and left myself foreign investor/Sri Lankan depositers and Shareholders holding the empty air they fabricated with their cronies within their companies with fraudulent accountancy evident
SEC/CENTRAL BANK/BOI and many other organizations have allowed these 2 x thiefs to now abscond from sri lanka free as birds and not accountable for the hurt and miserty they have caused for many good citizens of sri lanka and myself a foreign lied to investor
Please feel free to contact myself on abbottbuilders@live.com.au OR waynestevenabbott@gmail.com as I know were Deepthi Perera is in THAILAND and he has a family there!
Many of their associates still reside in Sri Lanka and are all privy to the lies and wrondoings they have done,Shirley Perera former Deputy Chairman has many times admitted that Deepthi Perera is a crook!

Kiwulegedara to salvage Touchwood a little like the debacle with Roscoe Maloney to salvage CIFL and Aspic with huge investments this is until he can get all finalized and abscond as he has done and Deepthi Perera with his wife Wasana in Thailand
I have people on the ground now at this very moment in Thailand and we are minutes from their abode

How does companies taken huge investments of foreign and local sri lankans get funds BECAUSE THEY LOOK BIGGER THAN WHAT THEY ARE by false accountancy measures/IPO's/and no one monitoring their wrongs just continued mis guided accountancy figures completed by accountants within the companies isnt this illegal arent IPO companies to be public knowledge with audited accounts on view to all?

When will SEC/Central Bank/BOI take measures to bring all of these cronies thiefs K.S.V Fernando Attorney at law Sharm Fernando 73/153, St. Cathrine Park,Hokandara North Deepthi Perera Roscoe Maloney to justice also including the directors puppets receiving payoffs in companies and destroying good human beings with their life long earnings and then simply walking away

It is NOW time for the authorities of Sri Lanka to find these thiefs and bring them to justice please note they have funds available and all should be removed from them to repay their debts they have created willingly from day one!
Deepthi Perera
Roscoe Maloney
All accountants of all companies within the control of these two criminals should also be accountable as well as directors/board members who would have been well aware of all throughout each process

K.Haputantri wrote:? Why have they delayed any official disclosure of the price sensitive talk of infusion of new capital. ?Another promise by the same crowd - like bringing new investor to resurrect CIFL.

You are exactly correct
Roscoe Maloney buys Aspic/cifl TOP SHAREHOLDER whilst his associate Deepthi Perera buys into Thailand Forestry with Touchwood Roscoe Maloney putting huge funds into CIFL this is all talk to alleviate any investors depositers from stopping them shuffling all funds into their safe havens they are just simply getting all out and absconding
My question HOW can they float companies on a IPO basis and not have correct audited accountants and accounts that should be available to investors depositers in a correct and concise format NOT lies and trickery
Roscoe Maloney has took over Aspic and then sells all up with Deepthi Perera in close proximity

Looks like Abbot Ayya has slept with dogs and has now woken up with fleas.
Lot of crying but doesn't seem to have a legal leg to stand on since Abbot Ayya has been played for a fool by two master scammers.

sriranga wrote:Mr. W. L. Kiwulegedara has come forward as the Financial Provider of the shaken Touchwood Investments PLC, reports say.

Speaking at the 14th Annual General Meeting (AGM) of Touchwood, which was held today (26), Mr. Kiwulegedara vowed that justice will be done for its investors and shareholders within the time period of oncoming 3 weeks to 6 months.

He further said that he is taking steps to invest 200 Million Rupees in Touchwood PLC for the task.

Although the investors of the Touchwood company have currently faced a liquidity problem of 150 Million Rupees, he would be providing the solutions for it in the course of the oncoming 3 weeks.

Meanwhile, it is also reported that Mr. Kiwulegedara, who was appointed for a Director post in Touchwood Investments PLC on the 23rd, has later assumed duties of the CEO.

It is said that he has also chaired the 14h AGM which was held today.

He had been working as the Touchwood's Business Development Manager before being appointed as a Director.
http://www.srilankamirror.lk/news/10773-kiwulegedara-to-salvage-touchwood

If he does, it will go to 8-10 levels at least

Everytime TWOD, CIFL or Maloneys the subject, Wayne appears and whines.. I DO failed to understand this..

If he knows that Deepthis and Maloneys are in Thailand, why Wayne cannot file a case against them and get them arrested for scams? I mean, at least try.. All he does is educating us..

I cannot understand how Kiwlegedara or any gedara can save TWOD by injecting 200 million.

It may create a temporary rosy picture allowing some people to earn many times than 200m in stock trading (including those who inject money) .

The real problem is not about the liquidity of 150 or 200 million.

They have shown profits by increasing the asset value year by year considering the growth of trees and major part of this non realizable figure is transferred to pay back promise section.
Hence they have the burden of huge promises with them.

Now time has reached for paying back harvesting returns of some products and it is also a huge burden for them. They may pay some amount this time by using 200 million injected by Kivule . I cannot understand how they find money after that.

I think Agarwood projects they have in Thailand are not giving expected or shown returns due to many factors.
This particular product is not like Tea, Rubber, Kurundu (Cinnamon) or Palm oil.
You cannot increase the wealth and returns by increasing the number of trees in hectares.
Last week I spend some time to study this business in outskirts of Bangkok .
I am writing this after gaining more knowledge about Agar.

As I said in other thread , if you have few hundred trees (or 20-30 trees) and give full attention to produce A , B or Super grade agar that is worth and profitable than managing 10,000 trees using a big labour force for many years and getting C or D grade production. Sometimes maintenance , treatment and processing costs may go higher than the income from the harvested product.

Chinwi wrote:.... .

The real problem  is not about the liquidity of 150 or 200 million.

They have shown profits by  increasing the asset value year by year considering the growth of trees and major part of this non realizable figure is transferred to pay back promise section.
Hence they have the burden of huge promises with them.  

Now time has reached for paying back harvesting returns of some products and it is also a huge burden for them. They may pay some amount this time by using 200 million injected by Kivule . I cannot understand how they find money after that.

.........

There is a court case pending on this debatable accounting procedure adopted by Toutchwood.

smallville wrote:Everytime TWOD, CIFL or Maloneys the subject, Wayne appears and whines.. I DO failed to understand this..
If he knows that Deepthis and Maloneys are in Thailand, why Wayne cannot file a case against them and get them arrested for scams? I mean, at least try.. All he does is educating us..

It is not as easy as one would think.
I see D company fingerprints all over and when India even cannot deal with this menace, how do you expect a simpleton to get results, unless he / she knows how to get the US on his / her side, which is a very unlikely possibility.