PAG owns about 16% of total shares. As the management's block of 20% is ineligible to vote, it means their 16% is closer to about 21% of the votes. If another 4.1% vote no, then the QA is dead.

Pass pass pass

Cliq's management's move to file an injunction against liquidation raises new issues for SONA. If the QA doesn't go through, will they also do something similar to delay liquidation?

EGM on April 26th

Apologies.

Warrant conversion is 50c.

If the acquisition is really good at USD25m and it is already positive cashflow, if I were the directors, I would not use SONA to buy then. I will raise the money privately and make the acquisition by myself. With the ringgit strengthening now to 3.80, it is even cheaper than one month ago. Surely, the directors would have the financial capacity to raise USD25m. They just have to pledge the cashflow and assets to the bank for the first X years.

On the other hand, if they were to try to buy out some of the dissenting shareholders like CS (at 15%) it would cost them RM80m+ already.

Mr8888...I think if you vote against QA and submit pink form, you can't sell in open market anymore.

I hope the QA goes through. Then I won't have to wait 6-12 months.

Directors don't have to do GO. Just approach CS to offer them privately. Once you kau tim CS then sure will go through

Why not make an offer to buy us out at 48c immediately? Get a Quek or someone to put in RM150m