Why? Velesto President wants 11mil Esos. Bloody insider is going makes Millions year End

https://oilprice.com/Energy/Crude-Oil/Oil-Demand-Set-To-Remain-Strong-For-Years-To-Come.html

20, 30, 40 years Oil will remain in Demand.

aax asked for another 3 months Extension( EOT 1) for Regularistion ( AA asked for 6 months extension last month)
Only SAP Said Ready to submit Reg Plan in 2 months time....strong Corporate Management and Directors
DidnT own shares is main reason whereas Tony could be declared a "Bankcrap" if AA get delisted

https://oilprice.com/Energy/Crude-Oil/Oil-Demand-Set-To-Remain-Strong-For-Years-To-Come.htmlhttps://oilprice.com/Energy/Crude-Oil/Oil-Demand-Set-To-Remain-Strong-For-Years-To-Come.html
_____________________________________

SAP can operate another 30, 40, 50years to come. No need to sit here everyday. Buy and freeze

EveryBody was looking at losses but nobody comment on Revenue QoQ increase ( 70mil ) This 1Q23 QoQ
revenue will continue to increase (how much ? ) bcos All Rigs are in position ( no stoppage Or in Transition ).
Coupled with normal expenses-----Earnings will stabilised and remains the same throughout 2023.

I cannot understand WHY a person like Bob who doesnT own a SINGLE SAP shares talks here 24/7 and reply
every 5 SECONDS.....only ULAR reacts like this way for 1.5year until TopGlove drops from RM 10.00 to 4CENTS.

Impairment against GoodWill is like punching against dark shadow but impairment against US$ is very
suspicious and against bursa norm....The Co. that should impaired against US$ is AirAsia and AAX, next
should be Telecom & TNB & Maxis. These are the Co. carrying massive US$ Loan ( None say anything about
impairment in last Qr results ) So SAP management is really throwing kitchen sink into Bankers Toilet

Velesto got about RM70mil to play coming Qr. Last Qr has massive expenses in buying material to start-up
3 hydraulic WorkOver Units and moving Rigs to positions. All these extra expenses will Not appear in coming
1Q23

as far as i see, PNB cannot has 2 stocks ( SAP , Velesto ) falls far below nett value in their portfolio. It hurts its
ratings and impact its Debts. Once Velesto turns around in 1Q23, PNB will instruct All Banks to up grade Velesto
bearing in mind PNB holds between 30--35% shares in All Malaysia BIG Banks ( even CEO appointment requires
PNB approval ) In 45 Days 1Q23 will be Out

Either you Buy or Sell and wait bcos April is a No News Month Except Oil price up-down

Either IB donT give face to OLH or OLH has NO face to face PJD shareholders, OSKH is now valued at RM 1.00
by the Market. But Intrinsic Value is RM3.00+++

"Ular" aka Bob is all over the place. After loosing Nut-carrying job from TopGlove, Ular tries to Land another
Nut Carrying from Tony. Hello Tony nuts need 30-Tonne Lorry

April is always a dull month bcos most Co. Dividend are paid out in May ( different in West, May run away bcos
Summer Vacation ) Most likely see Velesto Back to 30cents in End April / May bcos of Oil Price

Debt are Normal in Bursa Co. bcos if nothing goes wrong, operation can go on until The Earth Disappeared.
Let me remind those who doesnT know about Debt----TNB received 30 Billion Loan from Anwar ( 20years ago )
and never wants to give BACK or Talk about it-----PNB when First Set Up received 10--15billion from Gov And
Never pay BACK

Just like Velesto when time to move, PNB will pump and Dump like crazy ( PNB sapu 90mil Velesto in one Lot when it cannot break out

BobAxelrod33

Simple Maths example :
Buy 20,000 at 3.5c = RM700
When/if RI comes in at 18 : 1 = fork out RM9,000
___________________________________

It is confirmed Bob is just a vegetable seller??? Without express approval from PNB, RI cannot be approved
bcos you need Shareholders ( esp PNB to say Yes ) Every Director in SAP management is appointed by PNB,
they work for PNB ( or balik cuci tandas )-----PNB will receive Maximum benefits

The Company has also on 23 March 2023 appointed MIDF Amanah Investment Bank Berhad to act as the Principal Adviser for the proposed regularisation plan pursuant to Paragraph 8.04(3) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

As at 3 April 2023, the Company has approximately two (2) months to submit its Regularisation Plan to the relevant authorities for approval
________________________________________________________

May or April, SAP will submit regularisation Plan to Bursa. PNB maybe using agent to buy back shares bcos
any consolidation will shrink PNB (average cost of 30cents) stake very badly. I really donT know how can
PNB manager solve this headache. If you buy at 3.5 or 4 cents, consolidation will Not affect you at all bcos
market price will adjust back your holdings value

The whole point with regularisation is long term survivability. You need Cash and asset to Get jobs. SAP has
asset but No cash. AirAsia has little asset ( nearly all planes are lease----expenses are horrible )

At First analyst said SAP bailout plan is too slow ( look at AirAsia /AAX so fast ). Guess what, AirAsia can hardly
come out a Regularisation Plan but SAP is getting to Submit one soon ( about one month or so )

Sell SapuraOMV is first thing first .....this Qr loss over 300mil ( I thought last Qr 70mil loss is One Time only )
I think within 30days, a Draft copy of Reqularisation Plan should be submitted to Major Bankers ( monthly PN17
announcement )

started buying at 3.5 sens bcos MIDF was hired to advise on Regularisation plan. If no solid plan why hired
MIDF. SAP pays for advise ( not Free ). I think this last impairment Loss really push Bankers to the Edge of 14
Floors window ( take the Hair-Cut or nothing left )

Based on SAP results ( today) on its Drilling Rigs earnings, i found SAP Rigs earns about RM3.0 Mil per Rig
MORE than Velesto. Next time you heard " kita sama, sama Melayu cincai, cincai boleh lah ", you RUN
away as fast as possible. Petronas is a bloody vampire ( all 11 Sap rigs operate Outside Malaysia )

Is very good to promote Malay as business language ..... it's better if using pure Malay, so that, the investors here are not learning the "rojak" type of Malay .....
____________________________________________

Go to London. Wales & Scotland, I thought English is a "Foreign Language".
Every 50KM from Shanghai in every Direction, you have to speak a local Dialect ( about 1200 Dialect in China )
Malaysia Chinese "Rojak Malay Language into Chau Siew Pau " seems OKAY

malaysia total debt to GDP is about 66% ( running just fine ) If SAP has 15Billion Debt, then based on 66% Debt
ceiling SAP carrying 4.5Bil in its Books will not frighten most Bankers bcos Oil is on Up cycle. So paying back
6--7billion will stop most Bankers from crying everyday.

I thought Dnex sailang into Silterra. Now started to move to other projects ( Give up Silterra so fast Or
found out Khazannh Con Dnex ----sell a loser )

I forgot Ular is here!! Anyway my first impression is still same White Knight is Petronas Bailout

Bob / OKU / Miss Ular aka same person.... Good Morning---last nite brain storm what to say today

Pls address Bob as Miss Ular-------------Bit-chy

see the reaction is so FAST, less than 1/2 second----100% Ular reappear from Himalaya Cave HideOut.

I am 100% sure it is ULAR / Bobby since he disappeared from SERB and HengYuan, Now 100% in SAP, too
bad for us

There is ONLY one person that I know who spend 7/24 Talking on a single share (without owning a Single Share).
He is "Ular of TopGlove" Now OldMan Bobby & recent OKU & maybe ROGER (vegetable Seller ) SAME ID

based on the timing SAP and nego. with White knight, i think Previous Finance Minister Tengku zafrul did
reveal he is asking Petronas to find a solution. White Knight could be a Petronas subsidiary....

99% who BET on Sap are seasoned Gambler. ( PN17) I found it hilarious some "Green shoots" come here to
advise "Hard Core Gambler" about what is Risky and what is Not. My suggestion to Green Shoot, go back and
finished your Milk first before the cockroaches start bathing on it.

You really DonT have to care about Consolidation. It is just moving shares around but your Total investment
never change. You lose shares but your share price increase....Now the Big question is your shares are diluted
in "case" their is Dividend ( come-on do you think SAP can give dividend ---hahaha). So you buy RI or DonT,
doesnt makes much different bcos most of New shares are offer to Creditors (Bankers) to pay off Debt----
you think Bankers will Sell at T+300 (hahaha )----As a matter of Fact, Bankers push price 20--50% higher to
protect their Payment( Debt) bcos Bankers just CANNOT release 10billion into the market instantly, price will
Collapse ( slowly, slowly over 5years most likely )

more interested in a surprise announcement this week instead of Qr release bcos results are predictable

Why Banks want to take back RM10bil?...most sojai has no understand How Bank Makes Money? They Lend
Money to Earn Money... If Anwar say Gov guarantee the 10bil, Banks will be jumping with joy And keep
Rolling Over 10billion until the Sun stop shinning....They want SAP to keep the 10billion, please Dont Give Back

94

Banking chaos timeline: What happened this week
Scroll back up to restore default view.
Oliver Hirt and Stefania Spezzati
Sun, March 19, 2023 at 4:41 AM GMT+8
In this article:

CSGN.SW
-8.01%
Watchlist
By Oliver Hirt and Stefania Spezzati

(Reuters) - UBS Group AG is seeking government guarantees of about $6 billion for a potential takeover of Credit Suisse Group AG, a person with knowledge of the discussions told Reuters on Saturday.

The talks are still ongoing and the figure could change as several scenarios are still under review, the person said.

The guarantees would cover the cost of winding down parts of Credit Suisse and potential litigation charges, the source said. A second person confirmed this without specifying the $6 billion figure.
___________________________________

Anwar give RM10billion Gov guarantee to SAP and received " a Non-Tradeable" Shares for 10years. SAP
Debt is solved

But we really dont know the actual details of this Swiss Bond---maybe Gov just cold storage this value until
a certain time and Gov will use other vehicle to return bond value Back to Bondholder

Bond it just Bank I.O.U. After 10, 15, 30years, Bank has to return Bond Value back to Investors. Now Gov say
Swiss Bank just write this off----Bond is just another Name of different Type of Debt

FILE PHOTO: A logo is pictured on the Credit Suisse bank in Geneva
Pablo Mayo Cerqueiro, Chiara Elisei and Davide Barbuscia
Mon, March 20, 2023 at 4:46 AM GMT+8

By Pablo Mayo Cerqueiro, Chiara Elisei and Davide Barbuscia

LONDON/NEW YORK (Reuters) - Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS, angering bondholders on Sunday.

FINMA, the Swiss regulator, said the decision would bolster the bank's capital. The move reflects authorities' desire to see private investors share the pain from Credit Suisse's troubles.
_________________________________

Anwar will you follows What Swiss regulator Does? SAP 10billion Debt turns to "Dust"

Nikmon
SAP need to issue new share for 2 billion from middle east company, after that it will become the bigger shareholder
____________________________________________________

1.8Bil Loan or Donation requires EGM. Shareholders need to "know" what is going -on...This is NOT saudi
Najib Donation. Since if Edge has sighted this donation in Court Documents, it is likely a EGM will be Called
or announcement within this week before Qr release. No EGM, Bursa punters just assume this is just a "heresay"

SAP is the Largest O&G Co. Malaysia ever had since independence. Actually maybe Number One or Three in
the World pre-Covid

Anwar can talk everyday, no Gov rescue, no Gov rescue. Politician just Talk, suka, suka.
Look at the Greatest Preacher of Free Market---The USA. The moment SVB Bank collapse, FED immediately
Dive in with 30bil Cash rescue plan ( NOT one Day, Not One Week later, One month Later BUT over Nite---hello what type rubbish free market is this----SVB only 16th largest Bank----very, very small Bank )

From 28/3/2018 to 18/3/22 SAP has incurred a Total Impairment Loss of 15.270 Billion. This is how management
with its Mighty Pen just wiped out All SAP asset. The moment Bankers come in for a "Hair-Cut", the next Day
Management will declare 15Bil "physical Asset" suddenly reappears in Books---That is about RM 1.00 per share

Post Covid Qr release is rather erratic, however No matter when it is release the results QoQ and YoY will be
far, far superior than 18Mar 2022? Why? Revenue in 18/3/22 was 453mil Only And SAP has a impairment loss
of 6.6140 Billion ( how can any results( loss / profit ) beat this ??)

Velesto QoQ grew 40% last Qr with 6 Rigs ( SAP has 11 rigs ) Technically, SAP survive on earnings from
jack-up last Qr----this Qr with 15% QoQ grew is actually Not asking too much----But SAP can be Hit by
"accidents" so far i have not heard Any.

today D-Day for Qr release. If revenue grows 15% from QoQ, it should register 1.50B revenue Or about
RM300mil profit Before Tax. After Tax profit ??

So Monday Closing 30sen Limit Up to 0.345

Monday if SAP goes 30sens limit-Up., Velesto should hit above 30sens. 1.80bil cash injection into SAP
is big news

Finance cost per Qr will be reduced from 160mil to just 16mil if Bankers come-in for a Hair-Cut