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profit margin went chocolate dip after 2015 even when revenue was growing. greed kept it squeezed for years. when unprecedented event happens, it's probably best to downsize and take the old method back into practice. but no, they refuse to admit and face reality. consequently, continue sinking. they'll keep sinking if they hold on to this ego further down the road. know when to let go. meanwhile, new competitors emerge as time passes. are you surviving, or preparing to ditch the boat when everything is milked till the last drop?
Companies are classified as PN17 if they trigger any of the following criteria:
Shareholders' equity:
Their consolidated shareholders' equity is 25% or less of their share capital (excluding treasury shares) and is less than RM40 million.
Default in payment:
The company, a major subsidiary, or a major associated company defaults on payment obligations.
Other triggers:
Other criteria defined in the Bursa Malaysia Listing Requirements that indicate financial distress.
maybe they wanna charge all expenses and costs whatsoever in this last quarter of the financial year to make it look ugly and the worst in one short.. then reborn again in the new financial year?
