Want to know how AAX will end up? Go and study Sumatec. I think will end up the same pattern if no white knight to the rescue.

AAX has 12 months to regularize its financial condition, failing which it will be delisted from Bursa Malaysia. Lets wait and see. For now I think the stock will go up and down in a tight range. There will be play between the bargain hunters and some speculators and punters. Long term investors will not touch this as it is too risky for now.

Will go back to 4 sen if remain at PN17 status because it will be a big risk to the investors unless you are willing to bet your under wear. Waiting for a white knight to save AAX.

From a high of 39.5 sen aug 24 2020 to now 4 sen. Share holders here must be squeezed dry to believe this is a lousy counter.

Too expensive time to go down. No need to chase already. Let it consolidate slowly. Sell first. Buy back later.

I lost my underwear playing XOX. I taste the medicine before. Very bitter to swallow. It rise slowly then rise very fast...making everyone happy and chase like you are invincible...then it will go down very fast like a roller coaster and you have problem cutting lost...so you buy to average...and it will slowly suck all your funds dry....until no underwear left. Look at the pattern yourself. Who still play averaging ? Be careful all your funds will be dry..it gives you some hope when it rise....a bit...and then just when you want to take profit, it goes down again...like playing fishing...you pull a bit let go a bit pull a bit and let the fish gets into the hook.

AAX coming down...to the lowest. AirAsia how? I am worried.

Covid is back and aax is not flying. So stock like this will not move much unless some miracles. Just pray hard for those who bought and wait ok?

if I were you I will jump ship long ago when it climbed to 39 sen and dropped to 30 sen. Who are still holding? Just good luck to you brothers. Be careful ok? Stock like this is pure goreng. Run if you can make profit. Don't be greedy. Can look for other counters. Plenty of counters to choose from. This stock at 2.5 sen share on April running to 39.5 sen on August is already made enough for sharks and punters. Really sad for those who lose big in this counter. This counter is fit only for gamblers and risk takers. Just be prepared and ready for your money to get burned if you invest here. Don't cry as nobody will listen anymore since it is normal to lose in this counter anyway. Good for those who made money. Well you are the sharks and professional and mastered the art of making money. All sharks laughed while fools lose. This is reality here in XOX.

Yeah agreed. Be careful ya... https://www.thestar.com.my/business/business-news/2020/09/23/bursa-sees-nearly-900-counters-in-the-red-amid-political-concerns

Sell and take profit. I can see dark clouds. Not sure if it is going to rain. But be careful. If it breaks 19 sen it will be not good.

For me better to take profit. Don't wait as the market don't look good.

I will support if it drops to 4 sen. For the time being I am out. Waiting is the only way. I can't commit in this time of uncertainty.

I won't be buying shares for short term. Its hard to keep shares that are continuing dropping. We are hitting turbulence.

Up too much too fast...just too much...goreng.

Shooting star.

Be careful. We are going to a phase of difficult times. Cash is still king. Remember holding a pile of stocks won't buy you food. Just be careful when chasing. Don't burnt your hard earn life savings. If got profit better take.

Technical rebound only. Resistant at 34.5 sen. Be careful.

This is just a technical rebound. Don't get the "invincible" feeling and lose all your life savings later.

Lowest than the lowest low. That's how bad it is. Be careful. Everyone is waiting to get the hell out and having sleepless nights for those who are still holding. I know how it feels to hold a stock which kept dropping and I got no choice but to hold and wait for it to go up before I can sell. It is a terrible feeling. Everyday I pray for it to go up because every drop is heart breaking. I really feel for you all here. Because this stock really give some good profits when it started to climb up so high and everyone who bought feel good and wanted to buy more..and earn more. Now we are in deep trouble. Maybe wait for Corona to get the hell out before it can resume up trend again. I feel sorry. Really. Not here to pour cold water. But I have been in such situation and having sleepless night thinking and thinking how to get the hell out when my stocks kept falling and falling without a bottom. From the chart we got a slight rebound at 60 sen because that was the lowest and it went up and unable to sustain the panic selling. So it crash right through this 60 sen support yesterday the worst level. Be careful guys.

Everybody think 60 sen is the lowest. Plunging to the lowest. And where is all those hard earn money goes? Down the drain. Now only 39 sen.

Like I say many times this is a speculator's stock. Roller coaster stock. It provide a good sense of excitement when it go up highest 1.41 and now...? Back to 68 sen. Going to be lower soon if not careful since corona is here. So be careful friends. Play with caution. I know some making money because those are the sharks. But I am sure those who lose money will understand how painful it is and those are the novice investors who kept chasing and get caught.

Will go down further. Sleep for a while for shark to accumulate before pushing up again...my 2 cents. Don't have to trust me but it is just from my experience. These pattern actually played by sharks. All goreng pattern. This kind of stocks are good only for speculators. Not for genuine investors. So just be careful with your hard earn money.

All bullshit investing. Be careful of sharks manipulating the market. Noobies will be slaughtered. All these figures are painted to make the company look good. Come on. 35 sen stock only. Cannot be up so much. All future already factored in. Don't dream lah. Now it is floating around waiting to go down. Not go up. Be careful. Be careful... don't let your money get into the shark's pocket. Take profit if possible. If hold cut loss if it drops. Don't be a hero.

Yes....dato dato...whatever dato also all want your hard earned money into their pockets. Be careful. I played before...using those whatever dato..yes...it go up for a few days....then next time it sapu all my hard earned cash. I just share my experience. Not here to cause trouble. It is good to have some mixed views. So that people are alert. Just buy at your own risk. Take care brothers.

Sorry not to pour cold water. But really we old man we play we see. Lots of players got trapped and die without knowing why. Reason is simple. All these are pure speculative stocks. Impulsive buying are fueling it up. Fundamentally solar is still not catching up yet. So be careful my friends. Look at Vsolar. You know lah. Also solar. Be careful. Suggest to take profit if possible. If drop too much cut lost.

90 sen? good price ? Now go lower. So be careful noobies. I play stock I know. I can see this is a goreng stock. Not much fundamentals. Pure herd chasing. Greed is what kills a lot of noobies especially the young and impulsive buyers. We old man already. Too high cannot chase. Just let go. No problem. Wait for it to drop until 30 sen maybe. Not buying now. Too high. IPO price how much? Volume also already seems kecut. Better be careful. Don't look good.

Careful lah... blind blind kejar. Nanti hilang seluar dalam... Jangan cepat gembira. Ini stock market banyak jerat. Mereka yang kena bakar teruk tahu betapa peritnya kalau kejar dia naik...tiba-tiba turun. So be careful. Already up so much still chasing like mad monkey. Think money falls from the sky ? All stock playing is just casino. Stock without strong fundamentals like blue chips if go up fast2 must take profit and locked in. Make sure don't lose back. Hold only those you can afford to lose. You think Solarvest good ? ... Look at Vsolar another solar counter...now left 4 sen trapped a lot of investors. Be warned.

Interestingly, businessman Tan Sri Halim Saad clarified in a statement last Friday that he is not a controlling shareholder of the company. He stressed that his stake in Sumatec is only 3% to distance himself from the ailing company.

That said, the former Renong group boss said in the same statement that the board remains confident of keeping the company afloat. But Halim did not elaborate in detail.

The investing fraternity will have to bid goodbye to Sumatec Resources Bhd, which is the second most traded counter on the exchange today.

Some 150 million shares were traded today and its share price ended the day unchanged at 0.5 sen. Sumatec has been categorised as a Practice Note 17 (PN17) company since April last year. The company's shares will be suspended indefinitely tomorrow (Nov 7) until further notice. The suspension on share trade is the result of a winding-up order in respect to a winding-up petition.

Will the company's board be able to stop the trading suspension?

I keep I didn't sell. Just keep and close one eye. 0.5 sen how to sell? Bought at 4 sen. Die die keep.

What is happening? From 40 sen in 2014 and in 5 years....reach 1 sen. Is this a good company? Definitely NOT. But why am I still here? Well...its a trap. I bought because like they say its DIRT CHEAP and it is OIL & GAS which is like black GOLD. So what happen to this so called O&G company? We feel CHEATED! Hope some WHITE knight will come in to save the day or some miracles. How can a company that produce OIL go bankrupt when everyday we see cars pumping in petrol and oil price continue to rise ? You mean those oil wells dried up or still continue producing barrels of oil ? So where is the money go to???? Sickening management. I thought went it rise from 1 sen to 4 sen we can see day light. Now its back to 1 sen again! Sad case. Now its a gamble again....can it rise back from 1 sen back to 4 sen??? Lets wait and see.

Hope boys...hope is important. Already 2.5 sen...anymore chance to run? Bets all win or lose. Heads or tails. Casino style. Salted fish can come alive????

The most important is oil price is going up. That all. When oil price is going up, Sumatec will be able to sustain and be revived. Its a gamble but its worth a try.

The gods are smiling...miracles do happen...hahahahhaaha Who sold? Regret now.

Saudi attacks raise spectre of oil at US$100 a barrel !!!!!!!!!!!!!!!! HUAT HUAT HUAT 20 sen coming
Read more at https://www.thestar.com.my/business/business-news/2019/09/15/saudi-attacks-raise-spectre-of-oil-at-us100-a-barrel#KWdpsZ7C29uRQxLm.99

Coming!!! https://www.thestar.com.my/business/business-news/2019/09/15/saudi-attacks-raise-spectre-of-oil-at-us100-a-barrel

Wow 20% increase. Buy 2.5 sen sell 3 sen. What a good way to earn. Keep this formula a secret. Hehe...

All those negative comments and asking people to run. I already left underwear. How to run? But if people are already put millions inside. Mine is what? Kacang puteh. It said COG is in advance stage of developing the investment plan for the proposed gas condensate processing plant (GPU) with China parties. So something must be brewing...slowly. I won't sell. I will wait for my plant to bear fruits before selling. Its like buying lottery. Maybe this is my jackpot later. But if doesn't kena then all burnt.

Read carefully and see if Sumatec's future is worth a gamble. Article dated : 2 JUL 2019


PETALING JAYA: Practice Note 17 (PN 17) company Sumatec Resources Bhd’s business partner CaspiOilGas LLP (COG) has successfully defended against claims from creditors at the Supreme Court of the Republic of Kazakhstan.

In a filing with Bursa Malaysia, Sumatec said it received a letter from COG informing it of the Supreme Court’s decision in favour of COG to clear COG’s disputes with a group of creditors.

COG general director Ilyas Madimov said that the Supreme Court’s decision, which denied all legal redress sought by the group of creditors against COG, is final and binding, without further avenue for appeal as it is issued by the highest competent court of the country.

“This favourable court’s decision has paved the way forward for COG to soldier on with bigger strikes for the development of Rakushechnoye Oil & Gas field,” he said in the letter to Sumatec.

Following the court’s decision, Madimov said COG can now move forward to focus on its oil production and finalise the full commercial Field Development Plan (FDP) for Rakushechnoye, including the development of its condensate-rich gas resources.

Madimov said the court’s decision reinforces the stand taken by COG and its ultimate controlling shareholder Tan Sri Halim Saad, not to negotiate or give in to the alleged false debt claims in the creditors’ dispute.

Halim was also a substantial shareholder in Sumatec prior to disposing of 197.3 million shares in January this year.

COG is currently working on well workovers programme which involves eight wells, with a target of resuming production to around 921 barrels per day by end-2019 and further increase to around 1,600 barrels per day by mid-2020.

The well workovers programme is being carried out by COG on its own funding initiative.

“This is done in the spirit and mechanism of the joint investment agreement (JIA), whereby either party can advance money to fund the petroleum operation at the Rakushechnoye field, in this case, COG is funding the JIA on behalf of Sumatec,” said Madimov.

On the full field development and gas utilisation plan for Rakushechnoye, he said COG is in advance stage of developing the investment plan for the proposed gas condensate processing plant (GPU) with China parties.

The estimated investment for Phase 1 is around US$200 million (RM826 million). The GPU plan is aimed at producing LPG and increase oil/condensate production.

Picked from sources : https://www.thesundaily.my/business/sumatec-kazakhstan-s-supreme-court-rules-in-favour-of-caspioilgas-MB1056718

Hahaaha.. laugh me die. A desperate call to sell a already penny 3.5 sen stock... Want to tell go tell to big stock like AirAsia, Nestle, Tenaga, Telekom and other big corporation to sell first lah. This is already 3 sen mana lagi mau turun?? Gila. Ini Sumatec semua sudah jual. Tinggal underwear aja. Underwear pun mau? Saya ingat you pergi ingat big big company sell dulu datang beli penny stock macam Sumatec lagi bagus. 3 sen cheap cheap.

Today top volume. Sure a good thing ...volumes up...means good sign. Show a lot of people having interest in this penny stock. Lets monitor....if today break 4 sen tomorrow no need to see fly 10 sen. If today stay at 3.5 sen then no talk. Tayar pancit.

Once approved...it will jump to 10 sen or 20 sen? Will it fly? I think some speculation play is going on now...the volume go up and down like yoyo. Some operators are doing magic...to attract investors and speculators. From 4 sen now back to 3.5 sen. Maybe still got a bit of sellers left.

mari mari beli beli..jangan tak beli... lelong lelong 3.5 sen.... gone.... now 4 sen... up to you don't buy later 5 sen 6 sen...susah nak kejar....hehehe

This lousy stock is trapping more people. Those who were trapped were waiting to get the hell out. So once there was an opportunity to run they run like hell and now its back to low. Who chased and bought at 21 sen on 24th July ? After that it is downwards and downward no ending. Blood sucked dry. Poor investors. Why still kept supporting this lousy counter? Take a good look at the chart. How many are winners? Run lah. Loser counter.Imagine those tons of people who subscribed and bought at IPO price of 25 sen! 10 sen loss!!!! What a lousy performing stock. Cry without tears.

In fact it is worth more than 3 sen. Keep better. No matter how oil drop Sumatec is still worth the money because the business is still there. Oil fields are still producing oil. So 3 sen is very CHEAP. I rather keep and wait for it to grow slowly to 20 sen.

Hahaha...Laugh me die. 3 sen still run? Where to run? throw and give you for 0.5 sen or you want free ? Want to run let the Petronas or Hibiscus run first lah. Here it will not drop or rise only. Cannot run already lah. Just keep. C already C already. Already drop until 3 sen. There is nothing more to drop. Underwear also you want? Leave some for decency lah. Why this also you want to sell?

Run what? You already sold. You want everyone to run together with you? haha. That is hilarious. Want to laugh me die. Not everyone is the same. Some run, others will take the opportunity to grab. So you wait for your turn to hop in at a lower price. Just wait. ok?

After all the trend is up. Look carefully at the chart pattern. From a low of 0.5 sen it u-turned into the 3-4 sen resistant level. So it is really a good show. Should take a bit of time to shake off those pesky sellers and negative players. After that it will set sail to higher grounds. Relax lah. The worst is over. We are slowly moving up the ladder. There is no panic buttons to press. That was long ago at 1 sen level. We leave those episode behind us and look forward to a brighter future. Vision 2020 for Sumatec will be 20 sen and up another 20 sen to 40 sen. ha ha ha.

Yeah...I hope those who sell will regret later. There is no sell signal. So just hold. With a volume of 21 million and staying at 3.5 sen is still a good sign. It is not dropping but remain well supported. So why sell?

Don't believe?? Look closer to that chart...July 3rd. From 1.5 sen flying to 4 sen. Now after a few days of consolidation it is knocking again at that 4 sen level. See? It is slowly pushing up...knock and come back...knock and come back...because still got people negative and kept selling. But wait till the sellers finished...then 4 sen is history....will push to 7 sen or 10 sen. Watch carefully. This is black gold we are talking. Oil and gas will come back.