By Mak Yuen Teen On April 13, I received an undated and unsigned letter that was purportedly sent by Ms Ng Siew Hong to Datapulse Technology shareholders. The letter said: “…if you agree with Ms Intan’s...
Read MoreWhat is very clear to me is that the current board should be removed because it made a hasty acquisition which is now shown to be unsustainable on its own and shareholders may now be asked to throw good money after bad.
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What Datapulse needs now is some kind of a transplant. Not a hair transplant, but a board transplant.
Read MoreIf Datapulse shareholders keep the current board but reject the proposed diversification plan, there are still many ways that the board can destroy shareholder value without shareholders having any say.
Read MoreIn fact, a company has 12 months from the time it becomes a cash company, together with a maximum 6-month extension. So, it has 18 months. There was absolutely no need for the company to buy the new business one day after the new board was formed and no need for the directors to be discussing it about two weeks before they were even appointed as directors because of a deadline imposed by the vendor.
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