Kamarul Baharin bin Albakri's proxy in i3investor is so quiet now.

heard there is internal sabotage going on..... some evil force want to boycott the QA.
yamatotrading if you know any contact in cliq that give out angpow for voting the what they want during EGM, please let me know.

sources told me, definitely not bad news. is either normal, or good. but I am not confident with my sources also. just sharing see if any one here got the same tips

there is gonna be some announcement.

did any one notice they change the banker. previously was not Maybank.

Petra Energy ‘mum’ on why CEO was terminated

PETALING JAYA: Petra Energy Bhd has stayed mum on why the services of its chief executive officer (CEO) were terminated on Tuesday. The sudden move has left many investors and observers clueless about what next to expect.

Kamarul Baharin Albakri ceased to be the CEO of the integrated oil and gas brownfield service provider on Dec 20.

He was appointed as an executive director of the group on Feb 18, 2010 and CEO on April 27, 2010.

even 2 of the finance people in Cliq under him also resigned, probably cannot tahan him.

if you know those Tabung Haji senior management, they will tell you nasty story of Kamarul.

when is the 3 years period end?

there are so many "if" but one thing for certain is they can't even confirm a single shit.

Oooo Ziyad the CEO and Chang the VP, anyway they themselves has been kept in the dark on certain matters as KBA the CFO like to do things without any one knowledge, that's what my source told me. Some time KBA will bypassed the CEO and go straight to the board for approval.

CHUNG86 which director

perhaps the management set up an account here just to promote the 500k warrant purchased.

The annual report compilation shall be lead by KBA, Kamarul Baharin bin Albakri,

Cliq: messy annual report
Cliq announced on August 3rd its annual report, on August 5th its amended annual report and on August 7th another amendment on the same report. The last amendment consists of seventeen pages, quite shocking.

I do understand that Cliq's Board of Directors is getting all excited about its possible acquisition, but it really should put more care in writing its annual report.

Kinibiz wrote a good article, clarifying the different motives for management and shareholders of a Spac:

"Misaligned management and shareholder goals: Spacs".

Some snippets:


For the management teams of Spacs, it is about getting a qualifying asset or acquisition at all costs, so the company can graduate to become a full-fledged company like any other on the bourse. Shareholders, on the other hand, want to get a nice return on their investments and this might come even if the Spac does not graduate.

Cliq has identified and signed a sales and purchase agreement to acquire a 51% stake in two producing Kazakhstan oil blocks for US$117 million (RM429.53 million as at the announcement date) from a local Kazakh company, Phystech Firm LLP. It is currently in the process of gaining regulatory approvals before being able to take it to its shareholders. Sona, meanwhile, has said that its management team is in advanced discussions over several assets and is confident they will meet their deadline.They had better be confident, because the alternative is losing their entire investment.

It comes down to this: the management team’s primary focus is to secure a deal so long as it allows them to graduate, while shareholders will be torn between the promise of eventual gains post-QA (possibly quite far in the future) versus a tidy risk-free gain at the end of three years.

Management and shareholders, two different agendas – only in the curious world of Spacs.

nanti lu orang tanya KBA masa EGM or AGM, why semua orang kerje dengan dia pun resigned...

who reported limweising00 comment?

Kamarul Baharin Albakri

KBA probably register another account and comment again.

And I know a few from his team in Cliq resigned, probably they not agreeing with something dark / undertable with KBA if it is as per your logic.

Terminated is different with resign. Are you KBA or you know him personally?

Petra Energy ‘mum’ on why CEO was terminated

PETALING JAYA: Petra Energy Bhd has stayed mum on why the services of its chief executive officer (CEO) were terminated on Tuesday. The sudden move has left many investors and observers clueless about what next to expect.

Kamarul Baharin Albakri ceased to be the CEO of the integrated oil and gas brownfield service provider on Dec 20.

He was appointed as an executive director of the group on Feb 18, 2010 and CEO on April 27, 2010.

Before joining the group, Kamarul was the former CEO of TH Technologies Sdn Bhd, a subsidiary of Lembaga Tabung Haji, with an accomplished track record for the last 15 years.

When contacted by StarBiz, Petra Energy corporate communications and branding senior general manager Saperi Rambli said in an e-mail that the management did not wish to comment on the matter at this point in time, leaving analysts puzzled by the sudden change.

One thing is for sure, Saperi said, Kamarul would not head any other subsidiaries of Petra Perdana Bhd and Petra Energy. However, Kamarul will remain a director of Petra Energy.

Despite being without a head right now, the spokesperson said the company was considering its option and was expected to reach a decision shortly.

Another spokesperson of the company said the change in management was not as abrupt as it was perceived.

“The change in management was not abrupt, it's just that discussions had been going on, and it was made known to the public only recently,” he said. Last month the group reported a third-quarter loss due to lower revenue recorded by its marine offshore support services.

It recently said the revision of a daily charter rate for vessel and lower activities for onshore civil engineering services due to completion of the Kumang project in the current quarter had affected its performance.

For the quarter to Sept 30, 2011, the group posted RM13.7mil net loss compared with RM4.8mil net profit the same period a year ago.

Revenue for the quarter was RM158.6mil against RM159mil before.

For the nine-month period, the group posted a RM4.6mil net loss on the back of RM432.7mil revenue. Previously, it reported RM10.6mil net profit and RM484mil revenue.

Kamarul Baharin Albakri, Executive Director and CFO, CLIQ Energy


January 2015

Q: Looking back over 2014, what lessons has your company, and indeed the industry as a whole, learned that you’re taking forward into your business planning for 2015?

A: CLIQ Energy started its journey as a special purpose acquisition company (“SPAC”). By definition, a SPAC is an entity with no business and no operational track record. Armed with an experienced and skilled team of board of directors, management team and a pragmatic business approach, we embarked on a quest to list ourselves on Bursa Malaysia (Malaysian Stock Exchange).

Following the successful IPO raising a total of RM336.4 million, today, CLIQ Energy is traversing an exciting phase and we are motivated by what future holds for us towards our goal of becoming a junior, independent, international E&P Company. (1st stage of creating shareholders value)

For 2014, CLIQ Energy Board together with the management team were kept extremely busy sieving through various legal, financial, operational and technical issues that required due diligence following the identification of target assets. At our Qualifying Acquisition (“QA”) stage, we will focus on lower risk assets towards achieving faster financial results in terms of revenue and cash flow.

Upon successful completion of our QA, CLIQ Energy will raise proceeds of RM315.5 million, from the exercise of all the warrants, part of the initial IPO scheme. With the funds, CLIQ Energy will continue to pursue strategic mergers and acquisitions to achieve a balanced portfolio of assets. This will enhance shareholder’s value and ensure medium to long term business sustainability and growth for our new venture.(2nd stage of creating shareholders value)

yamato you work at Sona or Cliq?

that means Cliq is very strong, with so many reputable person on the same team. But with such reputable team, no result to be seen so far.

you google their name one by one then you know la what lawsuit they are into, the Julian, KBA all got lawsuit.

last year when AGM if you know the right people, you can get angpow if you vote to re-elect the right people.

Kamarul Baharin bin Albakri
Executive Director/Chief Financial Officer
Kamarul Baharin bin Albakri, a Malaysian, aged 52, is our Executive Director/CFO.

He began his career as an auditor with Arthur Andersen & Co in 1988 where he was involved in the audit of companies in wide-ranging industries, including PETRONAS Carigali, as well as business advisory. In 1993, after 5 years as an auditor, he joined the Corporate Finance department of the then Arab-Malaysian Merchant Bank Berhad (now known as Aminvestment Bank Berhad) where he was involved in corporate finance and privatisation advisory until 1994.

you sure is Ahmad Ziyad bin Elias or other director?

that's why the QA got so many candidates, because they can travel a few time to different places ma. that KBA attended some seminar in Singapore also don't know under whose cost.

gua dgr yg kje under itu Kamarul Baharin bin Albakri semua resign. xtauk la better offer ke boss xleh pakai.

gua pernah dgr pasal ini si julian masa come on board, dia facing byk obstacle from existing board member.

Suami Nakal sebab Bini Gatal ke

ini julian masok cliq tujuan mok bli share jak. dgr khabar angin dia xda bagus ngn itu KBA.

wah, speak like a faggot, can't even see any confidence in his speech. mampus la ini macam.

gua punya 2 cent la....

probably they think that the CFO is useless as shit, that's why they came in and offer their expertise in finance sector. Win-win situation, the CFO got to cover his shit, while CS got to make some handsome profit should a QA goes through.

wah, gua mana ada jaga, gua pun investor, KBA la Felix la Tengku la MD la semua I xda puji sampai mcm tokong, gua hairan sama lu saja, semua kutuk, KBA saja key leader, tp gua kasi tanya sama kwn I dlm hong leong, key leader tengku le, xtauk la mana btol mana salah.

wah, ini spactator sendiri reveal team a team b skrang pulak cakap tertipu la, apa la. cakap x serupa bikin. wwwah85 raised itu KBA and another K, xda hentam pulak. itu fengshui pon sendiri mention, org hantam KBA saja trus nak divert , mana boleh brother ini macam.

wah spactator keep throwing name wor, macam orang dalam cliq jer. semua nama xda comment bagus, MD, CEO, Tengku, Julian pulak x comment, Kamarul pulak only one key leader ka apa. Nampak nya kita dpt insider news ni.... cun cun

nanti blom annouce QA pulak ini director kena terminate, itu CEO ka, MD ka kena law suit ke pape, mmg trend la based on dorang punya profile.

ini semua sbb itu team A team B punya pasal kot, apparently itu si Kamarul Baharin bin Albakri different team ngan yang lain. possible ka internal sabotage?