Re: [ob] Bumi Investors Say: âNo Probe? No Problemâ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA
I guess it is about how you stand. first for that article, i am not the writer. Of course i know that if we keep talking this issue never resolve and BUMI still at the lowest level. But it is not about the share price. This is how you should stand. Even Mappi can extend time to talk to BUMI for the outcome. If BUMI agree that it is publish. If not let adjust it to everyone favour. This is call independent. I believe that he should stand for us. that what the leader of minority shareholder right? maybe he forget. He is just worries if this thing take longer time BUMI share price will be at rock bottom. --- In obrolan-bandar@yahoogroups.com, Aria Santoso ariasant...@... wrote: Dear PH, I suppose that u need to learn about the difference of law ethics. Should u do fart in front of us, it would be unfavorable to many of us; however we couldn't sue you for that. It's not a law-breaking thing so we can't take any legal action. In fact we are not happy for that action and the bad smell left for us. It's about ethics in social relationship. Below allegation in public is managed under law. Please be so kind to ensure that you will settle it. Cordially, Ace Original Message Subject: [ob] Bumi Investors Say: âNo Probe? No Problemâ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA Date: Fri, 19 Jun 2009 20:04:02 -0700 (PDT) From: PH⢠vaulst...@... Reply-To: obrolan-bandar@yahoogroups.com To: obrolan-bandar@yahoogroups.com PH⢠wrote: Even leader / representative of Minority shareholder bisa di beli... ;( Takut kali kalau masalah ini berlanjut saham dia nanti kena margin call... jadi boke... dan mendingan jg terima duit dulu dari orang tertentu --- Bumi Investors Say: âNo Probe? No Problemâ In 2007, Indonesia was ranked worst out of 11 regional markets in the Asian Corporate Governance Association survey, and, judging by the market regulatorâs apparent whitewash of the PT Bumi Resources probe, nothing much has changed. However, despite the potential damage to the credibility of the bourse and the regulator â not to mention the interests of small investors â it now appears that itâs a case of âout of sight, out of mind,â with analysts and even Bumiâs minority shareholders suddenly saying they are happy with the decision of the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK). In January, the agency launched a probe into the Bumiâs purchase of three coal firms â PT Darma Henwa, PT Fajar Bumi Sakti and PT Pendopo Energi Batubara â for a total of Rp 6.18 trillion ($593 million) after an investor and media outcry over allegations that the acquisitions were overpriced. It was also alleged that the acquisitions amounted to a material transaction requiring the approval of Bumi shareholders â which was never given â Âand that some of the coal firms were actually affiliated with Bumiâs owners, the Bakrie group of companies, through obscure cross-shareholding arrangements. However, after a seemingly interminable probe that included the recruitment of an outside appraiser, the only fault Bapepam could come up with was that the price paid for one of the targets, PT Fajar Bumi Sakti, was Rp 370 billion too high. But even here Bumi was given an easy way out â all it had to do was renegotiate the price and bring it down to a âreasonableâ level, which it says it is now in the process of doing. The market watchdog also let Bumi off the hook on the material transaction question, saying that since the transactions took place in different fiscal years the issue of materiality did not arise â a view that many would consider excessively legalistic given that all of the transactions took place within little more than one week. Dharma Henwa was bought on Dec. 30, Pendopo Energi Batubara on Jan. 5 and Fajar Bumi Sakti on Jan. 7. Capital market regulations designed to protect the interests of minority shareholders require a company to seek shareholder approval for a transaction if its value exceeds 10 percent of the companyâs revenue or 20 percent of its market value. In this case, the combined value of the transactions would have required such approval had they not been completed in different years. On the affiliation issue, Bapepam has completely abandoned its investigation without coming up with any findings, saying that the question is now irrelevant. Indra Safitri, an independent capital market legal consultant, said that Bapepam had based its actions on the findings of the independent appraiser. âThe other issues become irrelevant if the prices paid are reasonable,â he said, when asked whether the market watchdog was justified
Re: [ob] Bumi Investors Say: ‘No Probe? No Problem’ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA
Is there any proof of this statement: Even leader / representative of Minority shareholder bisa di beli... ;( Takut kali kalau masalah ini berlanjut saham dia nanti kena margin call... jadi boke... dan mendingan jg terima duit dulu dari orang tertentu Powered By FREN BondBerry. (Bayar Pake Daun). Indeksbei3000® -Original Message- From: Vaulstrad vaulst...@yahoo.com Date: Sat, 20 Jun 2009 08:16:23 To: obrolan-bandar@yahoogroups.com Subject: Re: [ob] Bumi Investors Say: ‘No Probe? No Problem’ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA I guess it is about how you stand. first for that article, i am not the writer. Of course i know that if we keep talking this issue never resolve and BUMI still at the lowest level. But it is not about the share price. This is how you should stand. Even Mappi can extend time to talk to BUMI for the outcome. If BUMI agree that it is publish. If not let adjust it to everyone favour. This is call independent. I believe that he should stand for us. that what the leader of minority shareholder right? maybe he forget. He is just worries if this thing take longer time BUMI share price will be at rock bottom. --- In obrolan-bandar@yahoogroups.com, Aria Santoso ariasant...@... wrote: Dear PH, I suppose that u need to learn about the difference of law ethics. Should u do fart in front of us, it would be unfavorable to many of us; however we couldn't sue you for that. It's not a law-breaking thing so we can't take any legal action. In fact we are not happy for that action and the bad smell left for us. It's about ethics in social relationship. Below allegation in public is managed under law. Please be so kind to ensure that you will settle it. Cordially, Ace Original Message Subject: [ob] Bumi Investors Say: ‘No Probe? No Problem’ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA Date: Fri, 19 Jun 2009 20:04:02 -0700 (PDT) From: PHâ„¢ vaulst...@... Reply-To: obrolan-bandar@yahoogroups.com To: obrolan-bandar@yahoogroups.com PHâ„¢ wrote: Even leader / representative of Minority shareholder bisa di beli... ;( Takut kali kalau masalah ini berlanjut saham dia nanti kena margin call... jadi boke... dan mendingan jg terima duit dulu dari orang tertentu --- Bumi Investors Say: ‘No Probe? No Problem’ In 2007, Indonesia was ranked worst out of 11 regional markets in the Asian Corporate Governance Association survey, and, judging by the market regulator’s apparent whitewash of the PT Bumi Resources probe, nothing much has changed. However, despite the potential damage to the credibility of the bourse and the regulator †not to mention the interests of small investors †it now appears that it’s a case of “out of sight, out of mind,â€� with analysts and even Bumi’s minority shareholders suddenly saying they are happy with the decision of the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK). In January, the agency launched a probe into the Bumi’s purchase of three coal firms †PT Darma Henwa, PT Fajar Bumi Sakti and PT Pendopo Energi Batubara †for a total of Rp 6.18 trillion ($593 million) after an investor and media outcry over allegations that the acquisitions were overpriced. It was also alleged that the acquisitions amounted to a material transaction requiring the approval of Bumi shareholders †which was never given †Âand that some of the coal firms were actually affiliated with Bumi’s owners, the Bakrie group of companies, through obscure cross-shareholding arrangements. However, after a seemingly interminable probe that included the recruitment of an outside appraiser, the only fault Bapepam could come up with was that the price paid for one of the targets, PT Fajar Bumi Sakti, was Rp 370 billion too high. But even here Bumi was given an easy way out †all it had to do was renegotiate the price and bring it down to a “reasonableâ€� level, which it says it is now in the process of doing. The market watchdog also let Bumi off the hook on the material transaction question, saying that since the transactions took place in different fiscal years the issue of materiality did not arise †a view that many would consider excessively legalistic given that all of the transactions took place within little more than one week. Dharma Henwa was bought on Dec. 30, Pendopo Energi Batubara on Jan. 5 and Fajar Bumi Sakti on Jan. 7. Capital market regulations designed to protect the interests of minority shareholders require a company to seek shareholder approval for a transaction if its value exceeds 10 percent of the company’s revenue or 20
Re: [ob] Bumi Investors Say: âNo Probe? No Problemâ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA
Sorry rully that me just upset from the article from Jakarta Globe. There is no need to go to court to prove. because i have nothing to prove. I am one of the minority shareholder. Of course we depend on you. Please kindly explain why there is sudden change. My mistake for my statement. I fully take it back. Hope you forgive me. Of course all statement below are for jokes only. Like margin call etc. But if you take that seriously I am sorry. --- In obrolan-bandar@yahoogroups.com, Rully rullymainsa...@... wrote: PH, Would you be kind enough to clarify this allegation? Or should we go to court so you can prove your allegation? Salam, Rully - Original Message - From: PH⢠To: obrolan-bandar@yahoogroups.com Sent: Saturday, June 20, 2009 12:04 PM Subject: [ob] Bumi Investors Say: âNo Probe? No Problemâ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA Even leader / representative of Minority shareholder bisa di beli... ;( Takut kali kalau masalah ini berlanjut saham dia nanti kena margin call... jadi boke... dan mendingan jg terima duit dulu dari orang tertentu --- Bumi Investors Say: âNo Probe? No Problemâ In 2007, Indonesia was ranked worst out of 11 regional markets in the Asian Corporate Governance Association survey, and, judging by the market regulatorâs apparent whitewash of the PT Bumi Resources probe, nothing much has changed. However, despite the potential damage to the credibility of the bourse and the regulator â not to mention the interests of small investors â it now appears that itâs a case of âout of sight, out of mind,â with analysts and even Bumiâs minority shareholders suddenly saying they are happy with the decision of the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK). In January, the agency launched a probe into the Bumiâs purchase of three coal firms â PT Darma Henwa, PT Fajar Bumi Sakti and PT Pendopo Energi Batubara â for a total of Rp 6.18 trillion ($593 million) after an investor and media outcry over allegations that the acquisitions were overpriced. It was also alleged that the acquisitions amounted to a material transaction requiring the approval of Bumi shareholders â which was never given â Âand that some of the coal firms were actually affiliated with Bumiâs owners, the Bakrie group of companies, through obscure cross-shareholding arrangements. However, after a seemingly interminable probe that included the recruitment of an outside appraiser, the only fault Bapepam could come up with was that the price paid for one of the targets, PT Fajar Bumi Sakti, was Rp 370 billion too high. But even here Bumi was given an easy way out â all it had to do was renegotiate the price and bring it down to a âreasonableâ level, which it says it is now in the process of doing. The market watchdog also let Bumi off the hook on the material transaction question, saying that since the transactions took place in different fiscal years the issue of materiality did not arise â a view that many would consider excessively legalistic given that all of the transactions took place within little more than one week. Dharma Henwa was bought on Dec. 30, Pendopo Energi Batubara on Jan. 5 and Fajar Bumi Sakti on Jan. 7. Capital market regulations designed to protect the interests of minority shareholders require a company to seek shareholder approval for a transaction if its value exceeds 10 percent of the companyâs revenue or 20 percent of its market value. In this case, the combined value of the transactions would have required such approval had they not been completed in different years. On the affiliation issue, Bapepam has completely abandoned its investigation without coming up with any findings, saying that the question is now irrelevant. Indra Safitri, an independent capital market legal consultant, said that Bapepam had based its actions on the findings of the independent appraiser. âThe other issues become irrelevant if the prices paid are reasonable,â he said, when asked whether the market watchdog was justified in abandoning its affiliation probe. Meanwhile, a representative of Bumiâs minority shareholders, Rully Oetomo, said: âWe welcome the fact that Bumiâs management is willing to renegotiate and seek a better price for Fajar Bumi.â Rully said that since the transactions were found to have been nonmaterial, Bumi would not now have to seek shareholder approval. A meeting had been scheduled for this purpose this coming Friday. âWe will not push Bapepam to continue the investigation into the affiliation issue if we
Re: [ob] Bumi Investors Say: ‘No Probe? No Problem’ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA
The article is not yours, but this statement is : Even leader / representative of Minority shareholder bisa di beli... ;( Takut kali kalau masalah ini berlanjut saham dia nanti kena margin call... jadi boke... dan mendingan jg terima duit dulu dari orang tertentu May I Know the reason behind that statement ? Btw: Tanda Alam, Milis Dibikin Rame. RUPS sebentar lagi. :) Be There, Be Behind or Left Behind Powered By FREN BondBerry. (Bayar Pake Daun). Indeksbei3000® -Original Message- From: Vaulstrad vaulst...@yahoo.com Date: Sat, 20 Jun 2009 08:16:23 To: obrolan-bandar@yahoogroups.com Subject: Re: [ob] Bumi Investors Say: ‘No Probe? No Problem’ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA I guess it is about how you stand. first for that article, i am not the writer. Of course i know that if we keep talking this issue never resolve and BUMI still at the lowest level. But it is not about the share price. This is how you should stand. Even Mappi can extend time to talk to BUMI for the outcome. If BUMI agree that it is publish. If not let adjust it to everyone favour. This is call independent. I believe that he should stand for us. that what the leader of minority shareholder right? maybe he forget. He is just worries if this thing take longer time BUMI share price will be at rock bottom. --- In obrolan-bandar@yahoogroups.com, Aria Santoso ariasant...@... wrote: Dear PH, I suppose that u need to learn about the difference of law ethics. Should u do fart in front of us, it would be unfavorable to many of us; however we couldn't sue you for that. It's not a law-breaking thing so we can't take any legal action. In fact we are not happy for that action and the bad smell left for us. It's about ethics in social relationship. Below allegation in public is managed under law. Please be so kind to ensure that you will settle it. Cordially, Ace Original Message Subject: [ob] Bumi Investors Say: ‘No Probe? No Problem’ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA Date: Fri, 19 Jun 2009 20:04:02 -0700 (PDT) From: PHâ„¢ vaulst...@... Reply-To: obrolan-bandar@yahoogroups.com To: obrolan-bandar@yahoogroups.com PHâ„¢ wrote: Even leader / representative of Minority shareholder bisa di beli... ;( Takut kali kalau masalah ini berlanjut saham dia nanti kena margin call... jadi boke... dan mendingan jg terima duit dulu dari orang tertentu --- Bumi Investors Say: ‘No Probe? No Problem’ In 2007, Indonesia was ranked worst out of 11 regional markets in the Asian Corporate Governance Association survey, and, judging by the market regulator’s apparent whitewash of the PT Bumi Resources probe, nothing much has changed. However, despite the potential damage to the credibility of the bourse and the regulator †not to mention the interests of small investors †it now appears that it’s a case of “out of sight, out of mind,â€� with analysts and even Bumi’s minority shareholders suddenly saying they are happy with the decision of the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK). In January, the agency launched a probe into the Bumi’s purchase of three coal firms †PT Darma Henwa, PT Fajar Bumi Sakti and PT Pendopo Energi Batubara †for a total of Rp 6.18 trillion ($593 million) after an investor and media outcry over allegations that the acquisitions were overpriced. It was also alleged that the acquisitions amounted to a material transaction requiring the approval of Bumi shareholders †which was never given †Âand that some of the coal firms were actually affiliated with Bumi’s owners, the Bakrie group of companies, through obscure cross-shareholding arrangements. However, after a seemingly interminable probe that included the recruitment of an outside appraiser, the only fault Bapepam could come up with was that the price paid for one of the targets, PT Fajar Bumi Sakti, was Rp 370 billion too high. But even here Bumi was given an easy way out †all it had to do was renegotiate the price and bring it down to a “reasonableâ€� level, which it says it is now in the process of doing. The market watchdog also let Bumi off the hook on the material transaction question, saying that since the transactions took place in different fiscal years the issue of materiality did not arise †a view that many would consider excessively legalistic given that all of the transactions took place within little more than one week. Dharma Henwa was bought on Dec. 30, Pendopo Energi Batubara on Jan. 5 and Fajar Bumi Sakti on Jan. 7. Capital market regulations designed to protect the interests of minority
Re: [ob] Bumi Investors Say: âNo Probe? No Problemâ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA
Pak Paul SUDAH minta maaf dan sudah MENARIK statement yg menyinggung pak Rully... Pak Rully juga menerima permintaan maaf pak Paul kan ?. Case is CLOSED... We are all brother and sister, rite ?. Embah tadi sengaja melepaskan perdebatan ini dimilis untuk menjadi pembelajaran: - Kalo posting, konsentrasi pada masalah dan jangan pada PRIBADI, Kalo pak Paul mengutarakan masalahnya pada pak Rully secara baik baik, kan engga akan ada KERIBUTAN ini. Malah akan jadi topik yg menarik. --- In obrolan-bandar@yahoogroups.com, Vaulstrad vaulst...@... wrote: Sorry rully that me just upset from the article from Jakarta Globe. There is no need to go to court to prove. because i have nothing to prove. I am one of the minority shareholder. Of course we depend on you. Please kindly explain why there is sudden change. My mistake for my statement. I fully take it back. Hope you forgive me. Of course all statement below are for jokes only. Like margin call etc. But if you take that seriously I am sorry. --- In obrolan-bandar@yahoogroups.com, Rully rullymainsaham@ wrote: PH, Would you be kind enough to clarify this allegation? Or should we go to court so you can prove your allegation? Salam, Rully - Original Message - From: PH⢠To: obrolan-bandar@yahoogroups.com Sent: Saturday, June 20, 2009 12:04 PM Subject: [ob] Bumi Investors Say: âNo Probe? No Problemâ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA Even leader / representative of Minority shareholder bisa di beli... ;( Takut kali kalau masalah ini berlanjut saham dia nanti kena margin call... jadi boke... dan mendingan jg terima duit dulu dari orang tertentu --- Bumi Investors Say: âNo Probe? No Problemâ In 2007, Indonesia was ranked worst out of 11 regional markets in the Asian Corporate Governance Association survey, and, judging by the market regulatorâs apparent whitewash of the PT Bumi Resources probe, nothing much has changed. However, despite the potential damage to the credibility of the bourse and the regulator â not to mention the interests of small investors â it now appears that itâs a case of âout of sight, out of mind,â with analysts and even Bumiâs minority shareholders suddenly saying they are happy with the decision of the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK). In January, the agency launched a probe into the Bumiâs purchase of three coal firms â PT Darma Henwa, PT Fajar Bumi Sakti and PT Pendopo Energi Batubara â for a total of Rp 6.18 trillion ($593 million) after an investor and media outcry over allegations that the acquisitions were overpriced. It was also alleged that the acquisitions amounted to a material transaction requiring the approval of Bumi shareholders â which was never given â Âand that some of the coal firms were actually affiliated with Bumiâs owners, the Bakrie group of companies, through obscure cross-shareholding arrangements. However, after a seemingly interminable probe that included the recruitment of an outside appraiser, the only fault Bapepam could come up with was that the price paid for one of the targets, PT Fajar Bumi Sakti, was Rp 370 billion too high. But even here Bumi was given an easy way out â all it had to do was renegotiate the price and bring it down to a âreasonableâ level, which it says it is now in the process of doing. The market watchdog also let Bumi off the hook on the material transaction question, saying that since the transactions took place in different fiscal years the issue of materiality did not arise â a view that many would consider excessively legalistic given that all of the transactions took place within little more than one week. Dharma Henwa was bought on Dec. 30, Pendopo Energi Batubara on Jan. 5 and Fajar Bumi Sakti on Jan. 7. Capital market regulations designed to protect the interests of minority shareholders require a company to seek shareholder approval for a transaction if its value exceeds 10 percent of the companyâs revenue or 20 percent of its market value. In this case, the combined value of the transactions would have required such approval had they not been completed in different years. On the affiliation issue, Bapepam has completely abandoned its investigation without coming up with any findings, saying that the question is now irrelevant. Indra Safitri, an independent capital market legal consultant, said that Bapepam had based its actions on the findings of the independent appraiser. âThe other issues become irrelevant
Re: [ob] Bumi Investors Say: âNo Probe? No Problemâ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA
Like i say before I have no reason except that i am disappointed with the leader. I do not even know him. That my mistake. I am sorry for that. I add that margin call all bullshit because i am just upset at that moment. I realise now that i make mistake and do not think properly at that time. So there is no reason to follow this up. Like i say i am sorry. Everyone have the right to be upset. maybe mine is just too much. --- In obrolan-bandar@yahoogroups.com, Ruz7 indeksbei3...@... wrote: The article is not yours, but this statement is : Even leader / representative of Minority shareholder bisa di beli... ;( Takut kali kalau masalah ini berlanjut saham dia nanti kena margin call... jadi boke... dan mendingan jg terima duit dulu dari orang tertentu May I Know the reason behind that statement ? Btw: Tanda Alam, Milis Dibikin Rame. RUPS sebentar lagi. :) Be There, Be Behind or Left Behind Powered By FREN BondBerry. (Bayar Pake Daun). Indeksbei3000® -Original Message- From: Vaulstrad vaulst...@... Date: Sat, 20 Jun 2009 08:16:23 To: obrolan-bandar@yahoogroups.com Subject: Re: [ob] Bumi Investors Say: âNo Probe? No Problemâ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA I guess it is about how you stand. first for that article, i am not the writer. Of course i know that if we keep talking this issue never resolve and BUMI still at the lowest level. But it is not about the share price. This is how you should stand. Even Mappi can extend time to talk to BUMI for the outcome. If BUMI agree that it is publish. If not let adjust it to everyone favour. This is call independent. I believe that he should stand for us. that what the leader of minority shareholder right? maybe he forget. He is just worries if this thing take longer time BUMI share price will be at rock bottom. --- In obrolan-bandar@yahoogroups.com, Aria Santoso ariasantoso@ wrote: Dear PH, I suppose that u need to learn about the difference of law ethics. Should u do fart in front of us, it would be unfavorable to many of us; however we couldn't sue you for that. It's not a law-breaking thing so we can't take any legal action. In fact we are not happy for that action and the bad smell left for us. It's about ethics in social relationship. Below allegation in public is managed under law. Please be so kind to ensure that you will settle it. Cordially, Ace Original Message Subject:[ob] Bumi Investors Say: âNo Probe? No Problemâ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA Date: Fri, 19 Jun 2009 20:04:02 -0700 (PDT) From: PH⢠vaulstrad@ Reply-To: obrolan-bandar@yahoogroups.com To: obrolan-bandar@yahoogroups.com PH⢠wrote: Even leader / representative of Minority shareholder bisa di beli... ;( Takut kali kalau masalah ini berlanjut saham dia nanti kena margin call... jadi boke... dan mendingan jg terima duit dulu dari orang tertentu --- Bumi Investors Say: âNo Probe? No Problemâ In 2007, Indonesia was ranked worst out of 11 regional markets in the Asian Corporate Governance Association survey, and, judging by the market regulatorâs apparent whitewash of the PT Bumi Resources probe, nothing much has changed. However, despite the potential damage to the credibility of the bourse and the regulator â not to mention the interests of small investors â it now appears that itâs a case of âout of sight, out of mind,â with analysts and even Bumiâs minority shareholders suddenly saying they are happy with the decision of the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK). In January, the agency launched a probe into the Bumiâs purchase of three coal firms â PT Darma Henwa, PT Fajar Bumi Sakti and PT Pendopo Energi Batubara â for a total of Rp 6.18 trillion ($593 million) after an investor and media outcry over allegations that the acquisitions were overpriced. It was also alleged that the acquisitions amounted to a material transaction requiring the approval of Bumi shareholders â which was never given â Âand that some of the coal firms were actually affiliated with Bumiâs owners, the Bakrie group of companies, through obscure cross-shareholding arrangements. However, after a seemingly interminable probe that included the recruitment of an outside appraiser, the only fault Bapepam could come up with was that the price paid for one of the targets, PT Fajar Bumi Sakti, was Rp 370 billion too high. But even here Bumi was given an easy way out â all it had to do was renegotiate the price and bring it down to a â
Re: [ob] Bumi Investors Say: ‘No Probe? No Problem’ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA
Pak Andy, masalah ini udah di close ama mbah dan yang bersangkutan sudah saling maaf memaafkanplease jangan di perpanjang dong. Saya sangat tidak setuju loh dengan statement Pak Andy: Gw pengen tahu, apa sih yang ngak bisa dibeli di Indonesia? Honestly! Sent from my BlackBerry® powered by Sinyal Kuat INDOSAT -Original Message- From: Andy a...@qsix.com Date: Sat, 20 Jun 2009 23:17:48 To: obrolan-bandar@yahoogroups.com Subject: RE: [ob] Bumi Investors Say: ‘No P robe? No Problem’ - APA GUE BILANG! IN DO UDAH RUSAK! INVESTOR LUAR LARI SEMUA Sorry, mungkin saya kurang mengerti, bisa tolong dijelaskan, apakah memang ada pengangkatan secara resmi bahwa Pak Rusli adalah Leader/Representative dari minority shareholder group of BUMI secara LEGAL? Kalau dilihat dari cara menanggapi kritik orang lain kok kayak preman yah, mau ke court segala. Memangnya yg dihadapi itu REAL Person? Siapa yg mau di penjarain lagi nih? Aduh, ingat diatas langit masih ada langit lagi! PS: Mau tanya nih iseng2, ngak ada hubungannya sih sama yg lagi diributin ini (gw sendiri kaga ngerti apaan): Gw pengen tahu, apa sih yang ngak bisa dibeli di Indonesia? Honestly! -Original Message- From: obrolan-bandar@yahoogroups.com [mailto:obrolan-ban...@yahoogroups.com] On Behalf Of jsx_consultant Sent: Saturday, June 20, 2009 3:41 PM To: obrolan-bandar@yahoogroups.com Subject: Re: [ob] Bumi Investors Say: ‘No Probe? No Problem’ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA Pak Paul SUDAH minta maaf dan sudah MENARIK statement yg menyinggung pak Rully... Pak Rully juga menerima permintaan maaf pak Paul kan ?. Case is CLOSED... We are all brother and sister, rite ?. Embah tadi sengaja melepaskan perdebatan ini dimilis untuk menjadi pembelajaran: - Kalo posting, konsentrasi pada masalah dan jangan pada PRIBADI, Kalo pak Paul mengutarakan masalahnya pada pak Rully secara baik baik, kan engga akan ada KERIBUTAN ini. Malah akan jadi topik yg menarik. --- In obrolan-bandar@ mailto:obrolan-bandar%40yahoogroups.com yahoogroups.com, Vaulstrad vaulst...@... wrote: Sorry rully that me just upset from the article from Jakarta Globe. There is no need to go to court to prove. because i have nothing to prove. I am one of the minority shareholder. Of course we depend on you. Please kindly explain why there is sudden change. My mistake for my statement. I fully take it back. Hope you forgive me. Of course all statement below are for jokes only. Like margin call etc. But if you take that seriously I am sorry. --- In obrolan-bandar@ mailto:obrolan-bandar%40yahoogroups.com yahoogroups.com, Rully rullymainsaham@ wrote: PH, Would you be kind enough to clarify this allegation? Or should we go to court so you can prove your allegation? Salam, Rully - Original Message - From: PHâ„¢ To: obrolan-bandar@ mailto:obrolan-bandar%40yahoogroups.com yahoogroups.com Sent: Saturday, June 20, 2009 12:04 PM Subject: [ob] Bumi Investors Say: ‘No Probe? No Problem’ - APA GUE BILANG! INDO UDAH RUSAK! INVESTOR LUAR LARI SEMUA Even leader / representative of Minority shareholder bisa di beli... ;( Takut kali kalau masalah ini berlanjut saham dia nanti kena margin call... jadi boke... dan mendingan jg terima duit dulu dari orang tertentu --- Bumi Investors Say: ‘No Probe? No Problem’ In 2007, Indonesia was ranked worst out of 11 regional markets in the Asian Corporate Governance Association survey, and, judging by the market regulator’s apparent whitewash of the PT Bumi Resources probe, nothing much has changed. However, despite the potential damage to the credibility of the bourse and the regulator †not to mention the interests of small investors †it now appears that it’s a case of “out of sight, out of mind,†with analysts and even Bumi’s minority shareholders suddenly saying they are happy with the decision of the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK). In January, the agency launched a probe into the Bumi’s purchase of three coal firms †PT Darma Henwa, PT Fajar Bumi Sakti and PT Pendopo Energi Batubara †for a total of Rp 6.18 trillion ($593 million) after an investor and media outcry over allegations that the acquisitions were overpriced. It was also alleged that the acquisitions amounted to a material transaction requiring the approval of Bumi shareholders †which was never given †Âand that some of the coal firms were actually affiliated with Bumi’s owners, the Bakrie group of companies, through obscure cross-shareholding arrangements. However, after a seemingly interminable probe that included the recruitment of an outside appraiser, the only fault Bapepam could come up
