Humans has memories, stock does not have memory.

Last time this stock is 58 cents, now only 30 cents very cheap already
die die also must buy, it will rise back to 58 cents.

No worries, the auditors said the receivables are true and fair amount.

Oilcorp fired the old auditors, new auditors very blur blur

The latest Annual Report 2008 was 8 months ago, everything change now.

Paid some newspapers to write good recomendation for OilCorp, then sell your shares

Maybe not as bad as you guys thinks. Looks like someone buying up today as the market panic.

In short protect your capital unless you know where is the floor.

Malaysian Assurance Alliance has 4 of its professionally managed Fund invested in this company totalling more than 6 million shares as of 31Dec2008.

<< Is there any dispute in their ongoing projects inline with the expectation of the customers. Receivables likely to be regular work in progress money held back. If jobs are not done accordingly to standard how can the company expect to collect any money? Receivables is then just an accounting provision. >>

<< I'am just imagining a possible senario,
Oilcorp has issued billings against their projects, if they got the money, the numbers will add up in the cash & bank balances, otherwise its will be dumped into receivables until collected.

OR even worst senario their largest creditors has gone bust. >>

---

Added on September 27, 2009, 10:02 amAuditors are paid for expressing an opinion on the accounts and nothing else.

Has any shareholders manage to drag any auditors to court over similar cases like Tranmil, Megan Media?

---

Added on September 27, 2009, 10:03 amEveryone knows that if they want to play this game, they first must have capital.
Once they loss all their capital they out of the game.


This post has been edited by Kinitos: Sep 27 2009, 10:03 AM