One single Creditors/Bankers REJECT the offer and we are back to square One........hahahaha


Just one of them.....only one.

Just recycling old News WITHOUT moving one single step forward is like a stationery car without gas..........LOL

This part shows the TRUE weight of their Debts.........---->>>>

Quote :
With the emergence of the white knight, Sapura Energy has filed a new proposal to restructure its RM10.3 billion debt owed to nine lenders grouped under financiers of its multi-currency financing (MCF) facilities. It owes another RM5.12 billion to its vendors.


https://www.theedgemarkets.com/node/658901

Yeah, price isn't going anywhere except down. Next month drop another 2c....then June becomes half sen.....LOL

James is now cutting all losses at MyEg to cover his position at Genting.......later might even cutkuku.......

James darling, didn't I tell you not to use your 180 million RUPPIAH and flush all at once on this??? LOL

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Maybe Sin Kar Lan is a pennies and shillings guy. Never needed to use Credit crads or to have an excellent Credit Ratings with CRSIS...??

Bad paymasters like SAP, Bankers love to catch and keep for centuries?????? Where exactly on Earth or the Moon are you from???

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There he goes, like a coward, deletes and ran with tail between legs..........

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Back to SAP....you are purportedly to have a white knight offering only on A4 paper of 1.8 Billion when you have Book Debts of 16 Billions...are they taking over at 1.8 Billions and eat up the debts too??

And what about current shareholders???? Left to dry like suiyee sucker bilis??? LOL

Hahahaha....white knight ke.....C Suisse is worth USD8 Billions but UBS offered and now deal done at USD2 Billions.....who is the sucker and who is the white knight (if any)????

Headless.........

Snakey no more kok talking at HRC??? Why???

Why is Snakey here instead of TG???? Dah halau keluar ke?

You must think those Bankers are Aliens from Pluto and cannot understand what are fakes and/or how to count money????

Jamal Jamban tak beli semua 56c ke?? Tak support??? Skg hari hari below ESOS price....hahahahaha

Snakey.....R.I.P.

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Sebab ni buntut berat dan hutang kelebihan.......

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No need to waste Oxygen to talk about how handsome I look or that you cannot stay away from eating my faeces (smells better??)..........YOU ARE IGNORED!

No need to show how charming or handsome I look.....just answer with FACTS and FIGURES.....hopefully you have the numbers. (which I seriously doubt)

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Now 888 wants to say SAP Paper Debts more valuable than rusty irons.....junk yards....and old rusty nails................

What's most valuable to Bankers (or Trade Customers) is that your WORDS are Bonds.....and I HAVE NEVER FAILED TO FULFILL.......

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Bankers would keep you alive so long as you're making them profitable....you've stopped paying and gone underwater. Heart beat flatlined.....so what do they still want you around for????





Posted by DatoKembara > 6 minutes ago | Report Abuse

If u owe the bank 1 mil, you're in trouble
If u owe the bank 1 Bil, then the Bank is in trouble.

Bank will try their best to make sure u stay alive, "hopefully" u can repay them

QR has no bearing whatsoever to the Winding Up ........proceed on 8th June 2023.



Posted by kaipeng911 > 5 minutes ago | Report Abuse

sapura will come out bad QR.?

Next time, if there are anyone with troubles with Ah Long.....maybe they can contact you for help to get 60% haircut?????




Posted by nicholas99 > 1 minute ago | Report Abuse

if got white knight 1.8bil + 60% haircut. realistically.. maybe 6bil can settle.

I don't even want to start thinking why banks would take a 60% reduction (haircut)..........you know better.




Posted by nicholas99 > 1 minute ago | Report Abuse

if got white knight 1.8bil + 60% haircut. realistically.. maybe 6bil can settle.

I have personally done Debts Recovery from Bad and Doubtful Debts many, many years ago at a local Bank. I have even proposed and done deals at 60% cash + 15% debt papers redeemable in 5 years........

So, don't lie to me if SAP can offer 80% CASH payment.......

That's why scammers and liers lie about banks taking haircut.......they claim can pay back 80%

Now, this is the most twisted and disturbing facts he posted....

IF SAP CAN OFFER BACK 80% TO BANKERS............................THAT DEAL WOULD HAVE BEEN DONE , LIKE 5,000,000,000 YEARS AGO.....




Posted by Bon888 > 1 minute ago | Report Abuse

What is bondholder haircut in debts restructuring?
When a bank takes a 'haircut', it means it accepts less than what was due in a particular loan account. Example: if a bank was owed $10,000 by a borrower and it agrees to take back only $ 8,000, it takes a 20% haircut. Banks do this for accounts where chances of making a full recovery are bleak.

In simple term tell the banks you take the haircut or you get the junk yards and the oil reserves.

If I were a rich Oil Tycoon, multi Billionaire........I would want the bankers to wind up the company, sell all their assets to me at dirt cheap prices, do another IPO and list the NewCo.......current shareholders are toasts and the Bankers are happy to get their Cash back immediately, not in another 10 years..............

You never watch "Pretty Woman??? Richard Gere???....No??

Learn from the master banker la......

You must be blind!!!!

The Bankers are waiting to liquidate all their Assets and recover whatever possible.....understand??? This is called Assets stripping and sell them off for some back pay. The rest of the Debts are in "Bad Debts" account and write off as and when they want to offset Profits....Tax free!!!



Posted by nicholas99 > 2 minutes ago | Report Abuse

if sapura bankrupt, they get nothing. :P

You think these Banks just want papers or A4 papers for real money?????

Bankers are not stu...peed people......

Even if the banks, and assuming they agreed to hold Papers for Debts....for next 10 years.....what make you think they, the Banks are in Control of SAP??? And what is there to stop them from giving Banks and screw from behind????

Hey kid....how much does SAP makes each year????? Have you checked????

And while the Govt Guaranteed Bonds needs 10 years, meanwhile what would shareholders be getting????? ....Nothing???.....No??

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How well Petronas is doing is none of our concern, so long as contributing to LHDN. If Petronas wanted SAP, they would have taken over some 3,000,000 years ago.

PMx is saying no Bailouts. He even refused to allow one more EFP witdrawal as he mentioned would harm the country's Financial system and recovery.

Now, if he u-turn, that would be something we would be shocked out of our skins!

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How is PMx by default???? You don't know how to count???? The Coalition Parties already held majority Votes and MPs to form the Ruling Party and with full consent from DYMM Agong.

Total Outstanding Debts in Books is RM 16 Billions. These are not Junk Bonds......All are Loans from Banks...........and they want their pound of flesh now!

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With fake News of 1.8 Billion white knight, price pumped and dumped at 5.5c and 6c....now you cannot even get out at 5c!!.............8th June 2023 Winding Up.