Upliftment of both must be done simultaneously. AAX and Cap A are not mutually exclusive.

Cap A has no choice but to rely on AAX to get it out of PN 17 . AAX has to extend financial assistance in the RP to be submitted SC. Otherwise, Cap A is forever stuck .

Is AAX still trigger any of PN17 criteria?

1) If yes, what is it?

It is out of PN17 criteria but because AAX is inter-related to Cap A , it must submit RP to show how Cap A is to be salvaged. Cap A is in deep shxt is due to AAX so AAX is obliged to get it off the hook

2) If not, why need the RP? Why can't they be lifted from the PN17? the reason is given above.

0 seconds ago

The SC says it is a must. AAX dictates the terms or SC ?

The Market is forward looking faster to react than you but you are still procrastinating .

We are already on board but you are still procrastinating like a buffoon

States elections are irrelevant. what is relevant is Federal government is still intact . The recent upbeat of market has reflected that positiveness ..... it is too late to wait for the outcome of the state election

When the market price is down substantially, will the MV be reduced substantially ?

Hellow,.Do you really not bother the current market price of 0.195 if you have bought your investment at 0.50 and above ?

AAX and Cap A are interrelated... There is no such thing as upliftment of one and leaving the other one half dead if not dead

Both are listed companies

stony's initial idea is to get AAX uplifted first and then tackle Cap A PN 17 issue. However, from the reaction of SC, they are not in favour of this move. Upliftment of both or none is the stand of the SC

Cap A is not your supplier but your partner who has been serving AAX in terms of maintenance. Dont you know that the maintenance of the fleets was still carried out by Cap A during MCO time even the Aircrafts were not flying? Unlike cars, regular maintenance of aircrafts is still carried out irrespective if they are used or not .

Assuming AAX is uplifted while Cap A is not . Cap A is sure to be put into liquidation. Eventually, AAX is dragged into it and required to pay what is owed to Cap A in terms of maintenance. If AAX cant pay , it will be sued and it is back to square one . You only look at the issue superfluously. Who is mentally unsound?

Read all my posts with care and logics before you teach your grandmother how to suxk eggs

Why can't you be smarter ?

The RP of AAX must include the salvage plan to Cap A as they are interrated n terms of inter co dealings.

Two applications submitted.

*1st application for relief and upliftment

*2nd application for time extension in the event that 1st application is not approved( 2nd application is conditional to 1st application)

*1st application is pending as announced by AAX ,so directly and impliedly 2nd application is also pending.


Likely outcomes

* 1st application is expected to be disapproved.No RP,no upliftment.

*2nd application is largely expected so its back to square 1.

what a foolish question ? let others answer yours?

Is MV not current market price x share capital ?
Is it not that the quantum of MV is determined by the current market price ?
Why are you running away from reality as a promotor?
Why you as a promotor keeps on teaching your grandmother how to sxuk eggs?
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Johnchew5

Hoho Kon Nenek Joy Joy Vest what is Market Value, MV ? is Share Price ke ??

Simple n easily to answer , Joyvest , pls don’t shy away lo ,

Is MV not current market price x share capital ?
Is it not that the quantum of MV is determined by the current market price ?
Why are you running away from reality as a promotor?

Let the "Market" decide the market price...... If the market is not happy , it continues to be stagnant if not depressed and vice versa. I follow no one except the "Market "

Did i say i tell the market what to do?? not right ?

It is clear that the RP is not ready ......

Why you omitted the following in your post on purpose ? you got an agenda ?

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Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company and the appointed advisers are in the midst of formulating a regularisation plan to address its financial condition.

TP 3.58 is just a propaganda and agenda.....

You fail to read the implied term.

Nevermind , you go back to continue your hibernation with sweet dreams .....

Read it with utmost care.
Two applications.
1st application for relief and upliftment
2nd application for time extension
Did AAX announce that both applications are pending? not right ?
Meaning 2nd application has been approved

*The RP is still being reconstructed , is it not?
* To put in another way , RP is not ready yet.
* How on earth do you expect the SC to uplift where the RP is not even reached to the hand of SC ?

Let the "Market" decide the market price...... If the market is not happy , it continues to be stagnant if not depressed and vice versa. I follow no one except the "Market "

*QR is QR and RP is RP . No RP , no upliftment . it is as simple as that.
*So far only QR has been submitted in time but not RP
*Not RP, No upliftment
*RP of AAX is expected by SC to detail how Cap A is salvaged otherwise, it is back to square one.

What cant you read the announcement with great care again and again? I cant teach you how to read , can i?

QR is QR and RP is RP . No RP , no upliftment . it is as simple as that.
So far only QR has been submitted in time but not RP
Not RP, No upliftment

Every body knows the new deadline except you

You check it out yourself for the announcement.

Response by SC was within 21 days. Maybe SC is required to reply within 21 days by the SC rules. I am not too sure about that.
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investorbat

Capital A dead line was 7july2023,they apply extension on 30jun2023 for extension 3 months to 7 october.Bursa granted them on 27 july,that is 20days past the 7july deadline.You must make every announcement public

Deadlines for both have been made uniformed ie both are required to submit RP on and before 28/10/23

SC can stop any counter from trading in the stock market by suspension if you dont abide by the rules and regulations which are set to safeguard investors like you and me. Dont you want to be safeguarded ??

There are many counters who do not submit the QR in time after being granted with the deadline, eventually they are suspended by SC. you cannot trade your shares in the stock market.

Deadline is deadline. If you can not submit before the deadline, then you apply for another deadline subject to approval . AAX has been granted with another deadline for submission on and before 28/10/23.

SC is very strict in monitoring all the listed companies. It is not up to the companies to dictate the terms as they wish

QR is not the keypoint. RP is the key point , Upliftment is done after submission of RP , not QR. No matter how good the OR is, without RP, no upliftment .Your mention of the upliftment decision would likely come right after this QR result is incorrect. Your description of " you eat and poop at the same time " is out of context as far as the related transactions in the companies is concerned .
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GoldenBull66

What more misleading than yourself @joyvest. Since when SC granted AAX extension till 28/10/2023? Self imagination?

AAX already done their RP. Debt restructuring, capital reduction, shaving billions off. 3 consecutive QR profits and positive NTA. The upliftment decision would likely come right after this QR result. A positive QR would strengthen the NTA. While a loss (which airlines is making losses now) to send the shares plunging and PN17 in risk. That simple.

No such thing as lift 1 and don't lift 1? Do you eat and poop at the same time? It's seems related too. But it doesn't..

Was the previous deadline not on 28/7/2023? Did AAX not apply for another time extension before 28/7/2023?

Do you think AAX could continue to trade without obtaining another approval for time extension for submission on and before28/10/23. Are you dreaming or what ?

Yer, With the current price of 0.185-0.19 , it is going to be stagnant for donkey years .Those who have bought at 0.50 and above are prepared to hold with a permanent loss for a long long time to come.....

Both AAX and Cap A are inter-related companies and are inseparable in the view of SC. Upliftment of both or none . There is no such thing as one is uplifted while the other one is not. Together or none.... it is as simple as that.

Both AAX and Cap A are inter-related companies and are inseparable in the view of SC. Upliftment of both or none .

Just because it is a bank, you just take whatever they say as " absolutely correct". However , i live with an open mind and i have my reservation.

You dont have to wait for announcement from SC, it is already insinuated from their reaction.

It is not a matter of over confidence. It is a matter of sense . Maybank certainly has an agenda. My 2 cent tells me it is a bad one.

with this company, paper loss is already permanent loss from the issued price till the current price now.

It would have been upside for a long long time. In long as the perennial problems are not addressed internally from within , it is going no way.

Low risk low return . It is not a matter of cheapness but a matter of worth.