no shooting star ?

how is the chart ?

M group is depleting the resources of RG gradually.Eventually ,RG would be debts stricken and trigger PN17.

From day 1,they penetrated into BOD up to no good

DL has been betrayed and framed by his ex-staff by the name of Mr.Chong, the present CEO who has been with DL for more than 2 decades. He started the coup to outcast him with FL. No wonder Chong is reported to be the man of no integrity and principles and a man of vengeance. He has done it to DL and he will do the same to FL.

FBSO is said to be " shut in" meaning available oil or gas which is not being produced from the existing system in the vessel.

*share base

WTF.Following the cash of RB has been either exhausted or transferred through acquisition of the sub of M group, they are now to raise PP, increasing the share based and further diluting shareholding.

Nothing is alright with armada. It is expected to take at least 6 months to rectify the "shut in".

More material claims by the principal and lessors are forthcoming.

So how ? ECCW, Still hold tight like a virgin?

Shareholders

Given all these insidious problems and clouded with all these uncertainties, there is no reason why the company is not plunging.....

Further depletion of earning would aggravate the shareholders' funds thereby triggering PN17

It is believed that the Income in the upcoming QR would be reduced by about 43%. Hence it is natural for the price to be dropped by 43 % if not more.

Cutting losses in the process fast and furious which is demonstration of the investors to be losing patience and faith in the company.

It is worth just to have skin in it. Basically, it is untouchable

Nope, most IB maintain " sell " calls.... It is believed that the Income would be reduced by about 43%. Hence, what was mentioned above by someone is misleading.

ESOS is NOT expected to be approved for 3 reasons in the upcoming EGM:-

1st , the new management has been opposing it from day 1 ( the said agenda was proposed by the predecessor. 2nd, the new management has just taken office , there is no justification for the new management to be awarded for it .
3rd, the majority of shareholders are concerned with the dilution of shares.

Sorry to say that the upcoming QR is expected to be as bad as the previous QR if not worse due to the disruption in gold mining and the hefty ( to be determined ) pay-out for wrongdoing ie trepressing

Dont be self-deceiving by saying" everything is going to be all right " and/or " trust the management of Armanda " etc etc..The management should have known better and dealt with it before it was made a big proportion out of it

Dont give me this excuse " one man's meat is another man's poison". The unfortunate incident has been materialised whether you like it or not.

No need to wait. The said incident is said to last for at least 6 months. The upcoming 2 and or 3 QRs are believed to be down.

No supporters. If you believe the chartist like below posted 21 hours ago, it has been a "sell call" since yesterday....

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The candlesticks of the last two trading days showed "Engulfing ," signalling to sell. However, if you are a daredevil, you could go against all odds.... you could take it all......

21 hours ago

Armanda is untouchable.

With the promising prospects ahead,there is no reason why it can not spike soon.

These people are selling fake gold or what? 1 ounce of gold is fetching at USD 1965++ in USA. Mr. Parker in " gold rush " produces at least 200 ounce (Min) per week in his gold mining.

WTH is going on?

today gold price ( 24K) is up RM 330/g

nope . RM 300/g

Dilution of control is expected if ESOS is approved in the upcoming EGM. It is believed that the alleged 100 kg of gold does not exist at all but was just fabricated . It has yet to be accounted for in the report. Basically, there was no physical delivery of gold and the said gold has never been found by the authorities so far

The candlesticks of the last two trading days showed "Engulfing ," signalling to sell. However, if you are a daredevil, you could go against all odds.... you could take it all......

All i know now is to indulge my candle lunch 1st.....

No buyers .Buyers seem to side line.....

WTH is going on ? Though DL and gangs have backed off with the directorships, they are still fighting from behind.The game is not over yet.

The NTA in Cap A is negative-RM 9b+++ while total debts is RM17.8b.

Don't you think both the shareholders of cap A and AAX should zeroise the -NTA of Rm 9 b.

To be equal standing, each company should take care of Half of 9b ? Even half of 9b ie 4.5b ,the no.of shares to be issued by AAX is very substantial.

Do you really think the shareholders of AAX are in favour of the regularisation plan?

Tony is looking for more businesses with the view to boost revenues for cap A to enable cap A to settle its own debts on its own.

Tony is eyeing Philippines now

Bzhvest is expected to produce 100kg of gold per qtr (min).

Anything less than that is going to be backfired.

If the regularisation plan is not approved by shareholders, submission to SC might be delayed .another havoc is expected

The NTA in Cap A is negative-RM 9b+++ while total debts is RM17.8b.

How much do you think AAX would absorb? 9b or Half of 9b ? Even half of 9b ie 4.5b ,the no.of shares to be issued by AAX is very substantial.

Do you really think the shareholders of AAX are in favour of the regularisation plan?

1kg of gold= rm 330,000 about usd 72k+++.

Usd 2000 is a fxxking joke

Technically it is insolvent due to its negative NTA. Without the financial assistance from AAx, it is bascially dead meat

Gloves are the things of the past.they are untouchable now no matter how cheap they are.

As long as it takes you to the destination where you intend to at an affordable price,who exactly cares to bother about the service?

From day 1,it is branded as the budget airline and passengers are not expected to be fussy.

That's why AAX has stepped in to salvage CA .with the earning of rm 360m ( min) per qtr generated by AAX,it can certainly help to ease the debts of CA.

Thats why i say, their combined total earnings of RM 400 m per Qtr is just a minimal amount . With more fleet of aircrafts to be utilised to meet the overwhelming demand, their total combined earnings can be easily more than 400m. It is believed that it could be double to the extent that the projected repayment tenure of 11-12 years could be shortened to 5-6 years

forget about PN17 companies such as Serba Dynamic and others which are basically gone case.

Tony is right to delay until this time round when the air industry is truly in the position to be structured . Given thhe explosive recent QRs of both AXX and Cap A , they can be used as a constructive basis for negotiation with the creditors for restructuring. It is believed that the Creditors , lenders and lessors will find it hard to reject any restructuring plans,

Think about it, the creditors , lenders and lessors are not silly. They look at the long term . Why should they kill the goose that lays golden eggs? They stand to get nothing back if they put the companies into liquidation. If they give both companies a lifeline, they are still able to turn around and generate substantial income and earning so why do they want to kill them off ? More and more passengers are flying and airports are busier than ever which are the harbingers of the business as usual.

well, if both companies can make a combined earning of RM 400 m ( min) in total per quarter.One year would be RM 1.6b. With that, it would take 11- 12 years to settle all the whopping debts of RM 17.8b . I think it is a tremendous effort too good to be true.

I reiterate that AAX and Cap A are in PN17 status through no fault of the management of Tony but the unforeseen prolonged pandemic worldwide beyond the control of the management of Tony. Now then that the pandemic is over ,there is no reason why they cant not take off in view of the overwhelming demand to fly again. Air transportation is a necessity to cross borders and there is no reason why it will be sunset like glove.

The prospects of Air Industrials are bright and there is no reason why AAX and Cap A can not be restored. That s
why i say AAX and Cap A are of exception as compared to other PN 17 companies of the present and in the past

Some guys like to invest in troubled companies such as PN17 . They just hope ( but i call it gamble ) that the companies would be restored even 1 out of 10 is restored, their investment has already been recouped. Unfortunately and most cases , their plans are backfired. However, such can never be taken as a " stereotype" . Cap A could be of exception

Tony has a daunting task ahead of him to convince the shareholders of AAX to salvage Cap A. We will see if the AXX shareholders are behind him or not. If not, Tony will use his last weapon ie to resign and the existing shareholders of AAX would stand to lose more.

The choice is to back Tony or not remains to be seen very soon