Warrants, new shareholder coming soon,

Was told crossing this Friday and the warrants is played by CS and key yield investors. Good luck. Semoga harta saham naik

Was told next week goreng Pisang.

Massage closed today, come back tomorrow.

If you are a yield investor at this yield to maturity factoring any delay this is a great selling price. But volume very very low. What is obviously a better indication of the share price movement of the warrant, it is still 3.5/4.0 cents. It doesn't make sense for a 5 year warrant of indeed QA is a done deal, it shows a lot. The deal is only done when CS is bought out and you will know 5 days or so when they announce a cessation of more than 5 pct shareholding. Insha Allah semoga semua berjaya.

Inshallah semoga kita sama sama berjaya.

This company is good in corporate transparency, write to them and they will reply to you, re AGM and EGM read the bursa disclosures. As a shareholder you will also get notice. As a shareholder I am sure you will go to the meetings and ask sensible questions. If you have no idea what I am saying then maybe not the best idea that you buy stocks.

Why you strip fx gain ? Prior quarters they have fx losses as myr weakens so the fx gain is a proper write back.

You idiot. The private placement is not to take out the yield investors but to make up for any shortfall after a successful EGM. The private placement money goes to the company lah, amazing level of ignorance.

What is all this nonsense about getting money in 12 months if you vote no ? SONA will pay money in 2-3 weeks ex date next Tuesday so from end July to getting money less than 3 months. What nonsense. Can sue the independent directors if this happens.

pls change stockbroker.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5207945

OMG another delay ?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5206813

OMG if drag on another year the shareholders may decide to not approve the Directors Fees at next AGM like what happened to the other spac. Better selesai with the Singapore Indian Super Maniam. Small number only lah for Super Maniam and also the actual creditor.

I was told that even if the Court decides on the Liquidation order on 15 Sept, that this can be appealed by the Creditor and they can also file a stay on the Liquidation. Anyone who is a lawyer and / or Liquidator, can you please advice ?

You vote YES the stock may drop after the EGM.....there is considerable harm in voting YES if the stock is below cash value prior to EGM and in any case no guarantee it will be above cash value after EGM. Silly statement to make. Ultimately proof of pudding is that Management need to buy some shares to show commitment beyond the II and promoter block. Unlike SONA.

After looking at the warrants today and also reading the Edge article, have to wish the management all the best. I hope they sit down with park hadian and kak maznah of SONA and learn why they failed. Btw there are 1.1 billion warrants or so in issue. So you can do the maths if today volume is meaningful.

EGM only will be approved if stock is above cash value else will fail. No matter first or second asset, full stop.

The shareholder can express their views in so many other ways more so a substantial shareholder like jaya kumar. He could have proposed a resolution. He didn't.

Very confused. Didn't shareholders vote to penalize the very same people who working hard day in and day out for a faster liquidation ? Sounds silly no ?

I am confused. Who on the Board is delaying the Liquidation, and were these people penalized Who is working hard for a quick Liquidation, and were these people encouraged / rewarded ?

SONA Independent Directors better look at the other SPAC AGM and take note. Your Director's Fees not safe anymore. Quickly reclassify as Allowances. If for whatever reason SONA still listed and NOT under liquidator by June 2017 we have another AGM and your Fees may be claimed back. Inshallah a quick liquidation.

Private placement only happens AFTER the QA VOTE IS SUCCESSFUL. not before. You were told incorrect news. I am sorry. please please please read the Prospectus. the capital structure of the company cannot be changed prior to a successful QA.

97 pct next month lah. Check with liquidator.

Same as kelik and sona. Unless share price above the cash redemption everyone will simply say no. CS and PAG will vote no. Tabung Haji and MTD azmil the wild cards. High probability deal fail. REACH shahul shouldn't talk much just let the share price do taking for him. Good luck.

Next few days

I believe from what I read in the Bursa disclosure and also the newspapers that the board consists of independent directors and the directors who are conflicted. The conflicted directors are the original promoters who have sued the SC and been frustrating the liquidation. The independent directors been doing their job for a full and quick liquidation. If you angry your money is stuck, you should target the culprits and not the entire Board.

Your denominator incorrect. Please read the prospectus as to who and whom qualifies for the Trust money.

You need to take out Initial Investors and also the Promoter block.

You must ask yourself why is CS and PAG still buying ?

The 3 pct is not a charge. It money withheld against any potential liabilities or obligations like tax etc etc. likely get back the 3 pct minus costs after say 12 months as a maximum, or the end of the relevant tax year. PWC as liquidators not stupid.

SC approve or don't approve meaningless. REACH Promoters have to promote, talk is cheap like SONA and their investment bank advisers, talk cock no money. Where will REACH promoter find myr 200 million or so financing to take out CS / PAG and keep TH and MTD happy. Ha ha ha. let us see. Inshallah semua berjaya.

Sorry I very confusion when read prospectus and my broker dunno answer. Can someone help me if I have 10 lot warrants and I don't convert how many warrants and what strike if I go through the split and bonus ?

If all this is true, why is warrants at 2 cts ? Ha ha.

How many warrants and what strike price ?

Can someone confirm if I have 100 thousand warrant after bonus and split how many warrants and what conversion ? Sorry lah, mathematic no good. Form 5 fail maths.

MIDF Can write all the crap that they wish, they didn't even publish what their assumptions were for oil price, just a range and also a sensitivity to oil price, I suspect NPV very sensitive, anyway. U can publish any target you wish but unless the owners convince MTD tycoon to stay in and also TH and find say 200 million to buy out CS and others, then say bye bye, read the news with Swiber. Even perisai In deep shit with bond redemption due. If SONA cannot raise the money why you think REACH can when they are 50 pct bigger. Simply not going to happen. Look at the warrant price. It tell you a lot.

Test

Pls REACH don't talk nonsense. Only if share price above 77 then vote YES, else all kena block. The process of share price going above 77 cleans out the yield investors and replaces with genuine oil and gas investors. If you don't understand this, best just earn your salary and directors fees doing nothing for next 12 months and then do court winding up like the 2 other SPACs. The question remains who will take out CS and MTD related parties. No sugar daddy, no money, no honey.

Assuming PWC do their work and prepare the liquidation issues now, and their legal advisors prepare the court filing for submission say 2-3 weeks after end of July, and assuming a 3 week hearing date on the liquidation (which is what the other SPAC got), and no issues during the gazette period, you should get 99 pct within 7 days of the court order. The quickest is end Sept. If any clowns decide to sue and appeal and frustrate investors using the legal process, then say bye bye.

The vendor will be quite silly not to raise their price now. Almost sure the SPA has escalation clauses. Else vendor, who is a listed company, can be sued by minorities, as can be their advisers. Remember that vendor needs an EGM also.

Any 20 pct vote no, deal is dead. Doesn't matter how much Tabung haji buys, as long as 20 pct vote no. CS we know like SONA will be surely no. Tabung haji not sure, MTD not sure. A lot of HNW investor that in total quite big. The issue is share price level. Above 78 deal go ahead. Below that deal dead. Company needs to bring in new investors to take out old one. I doubt management understand that and even if they do, I doubt they can execute.

They haven't even submitted lah. Forget SC approval so fast. Usually takes 3-4 months. I doubt they will submit so fast until they have a strategy re getting the share price above cash. Else just wasting time. At the moment deal is deal since very likely 20-25 pct or more say no.nbut if they can find a sugar daddy to get the share price up, mathematics is very different. Warrants a leading indicator.

So SONA will sue credit Suisse and PAG ? And all other 77 pct of shareholders who voted No ?Ha ha ha.

Write a comment..http://www.bursamalaysia.com/market/listed-companies/company-announcements/5107841

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5107841

Keen to hear contrary views. Inshallah get money back faster.

I am assuming they start the liquidation process immediately at the 3 year anniversary and no lawsuits and counter law suits like some other SPAC. I also assume company is solvent and directors can sign the solvency statement. Likely get back 99 pct within 3 months and then 1 pct after 12 months. So assume 1st week Nov. FD for that size is closer to 3.60 pct which is taxable. You can do the maths yourself. I am also assuming that with the other SPAC becoming a legal mess, SC and Bursa put gentle pressure on SONA to liquidate sooner versus later.

Pls explain how you get 49 cts thank you.