You guys are really funny, you stole millions of dollars from investors, and then when investors want THEIR COMPANY run THE WAY THEY WANT IT you spend all of this effort trying to poison the well.
Anyway, to all reading, this doesn't mean what Gwen/ Ken/ Ken's sister/ Whoever is trying to make a negative characterisation.
A company can demand another winds up for a debt as small as RM50k (about 16kaud)
https://www.drewnetworkasia.com/newsroom/malaysia-threshold-to-commence-winding-up-proceedings-raised/#:~:text=By%20the%20Federal%20Government%20Gazette,effect%20from%201%20April%202021.
Legally in MY they have to publish this demand in a newspaper.
https://www.leepartners.my/wp-content/uploads/2016/08/COMPANIES_WINDING-UP_RULES_1972_P.U._A_.pdf
The most likely scenario is that some type of debt has gone unpaid, the company has changed offices and the entire management staff and stuff gets missed.
It most definitely does not mean that IOUpay is insolvent. It might, of course, but it is not the immediate assumption one should make. It is just an enforcement method for commercial creditors in MY.
It means "Pay us or we are going to court". You see?
Don't let the bandit dream team sway you based on limited knowledge.
By the way @flexx , where is investors money currently and what is the time frame on its return? That would be much more interesting
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