Winding up process and court order all in May take 6-8 months. Stock value by than is 0.495

Huge DBT going on now at 0.45

Bought some at 1.60. Crude oil steady

You still need court order for winding up

Sona management only has themselves to blamed

The stock has formed a base at 1.58. I am in at 1.63. Worse case lose 5 cents

Stock should stabilize. Those who bough at 1.58 are selling at 1.64. Stock should be trading above 1.58

Last check EPF is buying today and so are some big local boys

Heard sea drill is selling cause they need funding. Not because there are issues with Skpetro. Is a good time to buy their block as crude oil is recovering

Last check stag oil at usd 50..... Means nothing to sona anymore. I still stress the point that sona failed due to stock price trading below cash back. Next time spend some money and get operators to maintain or play up your stock la. Good QA, good effort and technical ppl, BUT fail to realized stock price is shareholders confidence. What an expensive lesson for Sona

During winding up period, do we still get interest?

Buy now sapu and make 6 percent? And pay AH long 18 percent? Wah you damn smart . Better sapu. The AH long loves you

Feel sorry for those who bought warrant.

Why should I sell? I will wait for the payout. 0.428 pay 0.475 is better than fd.

And are you allowed to call an EGM again for the same reason? I don't know. Anyone?

SC guideline is very clear. You need shareholders approval! unless they have plans to get rid or buy out all the yield investors.? I don't think so. That option should and could have been done long time agi

Going ahead with another QA and defeated 77 percent? It's just history repeating itself if nothing is done to the stock price!

Laughing stock, literally.... The requirement from SC is you need shareholders approval for QA. Now QA fail does not mean you can bend the rules of SC. SC will not even allowed the SPAC to list without the guidelines. 3 months for another QA and no need shareholders approval? Come on! We are not kids

Really shameful. Not only defeated but defeated badly! All the money spent went to the drain. Return the money now! No need to wait 3 months! Have some pride and step down Sona management

Sona management, just file for liquidation and pay us back NOW! You can than get a big private investor and buy the stag using private money. Just let us shareholders get our money back asap. Tq

Crude oil up and up.... Does not matter anymore. Sona petroleum lol.

They don't have to buy it themselves, they could have gotten some serious investor. Anyway, too late for anything. Better to enjoy cold sky juice tonight rather than champagne and cigar

Or at least get some proxy to support the price la. I am sure of the stock was above 0.485, many ppl in this forum won't be attending and the yield investors also happy to sell.

Exactly. No risk no gain. Now they lose eveything. They could have been super rich if QA was passed at EGM.

That's why penny wise pound foolish! If they had bought in the open mkt than their average would still be lower than all of us and the chances of QA approved would be very much higher, and they would be making millions and opening champagne tonight

So what if stag oil is usd80 90 100? Is all over! Game over

The management can come up with brilliant ideas of capital repAyment but they all can't individually buy some shares or via proxy to support the stock price. Anything above 0.485 would have been a better idea than your 8 cents repayment. Well, penny wise pound foolish. Now you lose everything. If the QA was approved today, the board of directors would have been millions richer, fame and power. But all of you chose not to walk the talk and showed confidence in you stock price! Don't blame the shareholders, time to reflect on yourseld Sona management. Stock price does tell a lot about the company.

Instead of leaving the decision hanging, I have been saying many times that the stock price should be at least 0.485. Than the yield investor will sell out and than the directors should have gotten their friends to buy or at least the long term investors could have bought up all the shares. It does not make sense for yield investor not to sell at say 0.495 but wait for the 0.485. Told you ppl so many times! You may be good in your field of oil and gas but to lose the company you need to restore confidence via your stock price. Well, too bad Sona management and directors, instead of opening champagne and making it big for your many generations to come, you just lost all your hard work and all gone down the drain

Just close it and pay us back asap

Yup, just pay us back asap. Don't let us wait

They just had to make sure the price of the stock was above the 0.485 cash return. Than many who are against would have sold it and not bother even voting. Like I said , the stock price does tells a lot of about the management and the whole deal

No option! Liquidate and take back money asap

If I am the management , just get a private investor in and buy it up.! Is only usd25mil. No need to share with the public.

This is to teach the management that maintaining your stock price is as important as knowing your business if you want to be a listed company! Serve you ppl right!

Only 26.67 voted yes

Reso is defeated

No QA. QA is dead

Spoke to another few ppl waiting in the ball room, all vote against but hoping for others to vote yes... Lol

Warrant holders beware

I spoke to a few fellow shareholders and proxy, and almost all vote against the QA. They may not be big holders, roughly 1-2 mil shares.

Results only known in another 45 minutes.

Results soon

I won't be giving live updates like the previous Egm due to some asshxoles here. Good luck guys!

Food here is better. Murtabak char Koay teow

Do we still get interest during liquidation stage?

Heading to 52 week low.

How to vote a yes when the management don't even support their own stock!

The mother is trading at year low. Great job Sona management

A day before eGm and the price is here...

No. No postpone. Do or die 26th