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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Kiwulegedara to salvage Touchwood

Kiwulegedara to salvage Touchwood

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21Kiwulegedara to salvage Touchwood - Page 2 Empty Re: Kiwulegedara to salvage Touchwood Sun Sep 29, 2013 6:54 pm

Wayne Abbott


Senior Equity Analytic
Senior Equity Analytic
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

22Kiwulegedara to salvage Touchwood - Page 2 Empty Re: Kiwulegedara to salvage Touchwood Sun Sep 29, 2013 7:00 pm

Wayne Abbott


Senior Equity Analytic
Senior Equity Analytic
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

23Kiwulegedara to salvage Touchwood - Page 2 Empty Re: Kiwulegedara to salvage Touchwood Sun Sep 29, 2013 7:11 pm

Wayne Abbott


Senior Equity Analytic
Senior Equity Analytic
@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

24Kiwulegedara to salvage Touchwood - Page 2 Empty Re: Kiwulegedara to salvage Touchwood Sun Sep 29, 2013 9:48 pm

Jiggysaurus


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
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.

25Kiwulegedara to salvage Touchwood - Page 2 Empty Re: Kiwulegedara to salvage Touchwood Mon Sep 30, 2013 7:41 am

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@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

26Kiwulegedara to salvage Touchwood - Page 2 Empty Re: Kiwulegedara to salvage Touchwood Mon Sep 30, 2013 7:59 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
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..

27Kiwulegedara to salvage Touchwood - Page 2 Empty Re: Kiwulegedara to salvage Touchwood Mon Sep 30, 2013 10:02 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
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.

28Kiwulegedara to salvage Touchwood - Page 2 Empty Re: Kiwulegedara to salvage Touchwood Mon Sep 30, 2013 12:31 pm

K.Haputantri

K.Haputantri
Co-Admin
@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.

29Kiwulegedara to salvage Touchwood - Page 2 Empty Re: Kiwulegedara to salvage Touchwood Mon Sep 30, 2013 12:37 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@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.

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