Sona Mother share expires in July 2016 while Sona warrant expires in July 2018. Should this QA fail to obtain shareholders approval, can Sona apply for an extension instead of distributing the cash in the trust account? Just a concern that this would delay the return of the cash distribution. Will SC be looked upon negatively if it doesn't give the extension for Sona as this would render the additional 2 years of warrant beyond the mother share as misleading! Can the management of Sona shed some light on this? Thank you.
Stock: [SONA]: SONA PETROLEUM BHD
2016-03-16 23:36 | Report Abuse
Sona Mother share expires in July 2016 while Sona warrant expires in July 2018. Should this QA fail to obtain shareholders approval, can Sona apply for an extension instead of distributing the cash in the trust account? Just a concern that this would delay the return of the cash distribution. Will SC be looked upon negatively if it doesn't give the extension for Sona as this would render the additional 2 years of warrant beyond the mother share as misleading!
Can the management of Sona shed some light on this?
Thank you.