Oh Comsa!

Was reading the following article: Tipping point – the fall after the rise

• A sell-down often takes a spiral course. When the share price dives, many shareholders are compelled to sell, further depressing the price. And on it goes.
  
  It gets worse when investors borrow to buy shares. When the market value of the shares drops drastically, the banks or brokers will seek to limit their exposure by making margin calls. If the investors fail to pay up, the assets will be sold, typically at way below the purchase prices.
  
  “There’ll be a run on the stock when there’s a forced sale of pledged shares. It will all fall like a house of cards,” says Datuk Kour Nam Ngum.
  
  He went through exactly this when he was CEO of poultry company Comsa Farms Bhd back in 2006. When the stock was in the doldrums, a bank sold his pledged shares. That played a part in pushing Comsa to the brink. It failed to extricate itself from PN17 status and was delisted in April 2007.

Oh, I do remember why COMSA Farms the stocks was in the doldrums.

It's a bit harder to find the old articles but not impossible.

• Comsa Reprimanded, Directors Fined For Publishing Inaccurate Results
  
  (KUALA LUMPUR) Bursa Malaysia Securities Bhd has reprimanded Comsa Farms Bhd for failing to take into account various accounting adjustments in the quarterly results for the period ended 31 March 2005 before releasing them for public announcement. Bursa Securities also required Comsa to engage its external auditors to carry out a limited review of the company's next four quarterly results prior to their announcement. In addition, Comsa's chief executive officer Datuk Kour Nam Ngum was fined RM100,000 and two other directors Tan Sri Ahmad Mustaffa Babjee and Ku Hien Liong were fined RM25,000 each for breaching the listing rules. Comsa's other directors Chia Yam Kung, Datin Heng Chui Koon and Datuk Sapari Amir were publicly reprimanded. ~ source: here

Bursa website: COMSA-Public reprimand

• COMSA had breached paragraph 9.16(1), in particular paragraph 9.16(1)(a) of the Bursa Securities LR for failing to take into account the adjustments as explained in the Company’s announcement dated 5 April 2006 in the Company’s 4th quarterly report for the financial year ended (“FYE”) 31 March 2005 (“QR March 2005”) which was announced on 30 May 2005. The adjustments were only taken up in the Company’s annual audited accounts for the FYE 31 March 2005 (“AAA 2005”) which was announced on 5 April 2006 resulting in a deviation between the unaudited profit after taxation and minority interest of RM12.58 million and the audited loss after tax and minority interest of RM195.92 million for the FYE 31 March 2005.