The Settler and his Felda will soon Part ( Part 2/2)

I goal a dutiful sons as well as daughters of settlers will insist to their parents, a fraud pursuit Isa et al with a blessings of Najib have been pulling upon them. Look during a placement of a 60% shares being offered:-

Table 1. percentage as well as series of shares offered.

item

Shares offering for sale

Percentage (%)

Number of shares( million)

1

Sale of existing shares

33.1

1,208.9 million

2

Sale of new shares

26.9

980.0

3

TOTAL

60.0

2,188.90

A sum of 2.1889 billion shares amounting to 60% of a sum have been offered. The buyers? A vast portion is taken up by cornerstone investors. Exotic name huh? They have been vast institutional buyers such as EPF, Tabung Haji, state governments. Did we see my home state Pahang in a list? Where will it get a money?

The FELDA community? Only a paltry 5.5% or 200. 6 million shares. The celebrated settlers? They get to buy 91 million shares. Najib knows you people don't have money. We don't give you, you don't have money. The FELDA settler- he who buys or doesn't buy is an unfortunate bastard. Haramjadah.

Let's say, out of this con pursuit exercise, FELDA gets RM 10 billion. Let's ask Najib as well as Muhyidin as well as a father to Bibi, how most does FELDA get? 40%? If 40%, FELDA gets about RM4 billion. RM 6 billion goes to ahem- a honest monster apportion who rules over FELDA- PM Najib. We of course know what Najib does with a money. He will go out to town as well as grease a palms. Not a palm trees. The palms of his voters. This FGV is Najib's a single some-more Pork Barrel politics pr! oject. B R1M afterwards equals- Beli Rakyat 1 Malaysia.

What will FELDA do with a RM 4 billion cash? we goal it pays behind EPF since that's a people's income in there. After profitable RM 3 billion, FELDA is left with RM 1 billion. How long does a RM 1 billion lasts when FELDA needs RM 3 billion/year to run a operations.

With less money, FELDA will cut behind upon a corporate amicable responsibility. Let me illustrate. In 2011, FELDA spent RM424 million for a settlers. In 2012, which volume will be marked down by almost RM100 million to RM326 million

Our FELDA settlers will see

Reduction in infrastructure spending by 57%. They can forget about repair roads, buildings suraus, village halls, mending water placement etc.

Development output upon 2nd as well as 3rd generation FELDA dwellers marked down by 27%.

Productivity incentives marked down by 22%.

Hari Raya Bonuses marked down by 25%.

Insurance plans for settlers marked down 25%.

That's a predecessor of things to come. Settlers beware.

Now let's ask a subsequent question. On a contingent fate of a superfluous 40% hold by FAHC, usually God knows. Maybe some people in FELDA get tingling fingers; they wish to prune down too. With Chairman Isa as well as other FELDA mandarins there, can we ever get a guarantee which a 40% will not be sole off? Will a 40% be safe?

Let all a people in FELDA beware, a superfluous 40% not sole off (yet) is hold by FELDA Asset Holdings Corporation. (FAHC). Isa Samad says or plans to offer 50% to settlers in sell for selling their souls in FELDA Holdings. Let me repeat- settlers get 50% in FAHC not FGV. KPF as well as FGV have been opposites. FGV is a capitalist vehicle. KPF or a Cooperative is a Communist desirous creation. Comrade Settler cannot co-exist with Bernie Madoff.

FAHC which binds a superfluous 40% will get returns depending upon a experts who have been handling FGV. FAHC will afterwards establish how most to give to settlers not FGV. The settlers better start asking can FAHC guarantee they can get a 15% which they have been right away accustomed to?

Don't confuse a complete Malay race by jumping up as well as down like monkeys when Najib gave you RM 15,000. Just demeanour during a numbers below:-

item

Type of purchaser

Percentage (%)

Number of shares( million)

1

Chosen by MITI

11.5%

419.5

2

Cornerstone buyers

41.1%

1495.8

1 +2

Sub-total

52.6%

1915.30

4

The public

2.0%

73.0

5

FELDA settlers

2.5%

91.2

6

FELDA employees

3,0%

109.4

5+6

Sub-total

5.5%

200.6

Grand Total

60.0%

2188.9

So we hope, conscientious children of settlers will discuss it their parents, a RM1500 is a self-evident last dish for a condemned. After a listing, a 112,000 FELDA settlers get 810 units of share/household. The FELDA village (settler as well as employee) have been allocated usually 5.5% since they have been unfortunate poor bastards. 94.5% of a shares offering will be owned by non FELDA people, including those who have never set foot in ! a settle r's home.

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