share holder votes emailed today ?

Post removed.Why?

proposal of repayment ~ 0.8 / 0.44 = 20 % one time !!! vs cancellation of ipo accumulating of fund return ( 90 % x 0.06 x 3 ) and only able to take out 2017 !

my bosses are and his gang are all voting yes tomorrow

if qa no go ... i think i lose a condo

Sona - QA is a go !!!!!!!!!!!!!!!!!!!!!!!!!!

also if im not mistaken , the salamander's production cost is estimated RM 30 per barell , so based on this - SONA buy over will immediately earn $$ .

Buying the oil field now is absolutely the best time now - cos if you look over 2 - 3 years when the oil price rebound back to it's usual price - the earnings will be quadraple .

Ultimately , this is a gamble , I look at the situation I imagine , based on this situation what will i do as an investor - I believe how i feel is how other investors feel thus went on buying spree .

in summary : upon qa approval ( 80 mil will be disperse out )
1. Situation a - where shareholders who voted No , but qa pass through, these shareholders shares will be bought using this 80 mil , at the price discussed with shareholders and the management .

2, If the amount of shareholders voted No is lesser than 60 mil , their shares will be bought back and the balance will be disperse to mother shareholders as one time dividen .

3. and lastly , if no one voted NO , all the 80 mil will be used as one time dividen to shareholders - which accumulating to 20 % return based on IPO price .

so what it means is , the SONA management will use the 80 mil to buy back the shares of those who voted no , but if no one did , they will get the money back .

Also if these shareholders voted NO tomorrow , the money they invested only will be returned to them next year, whereas it makes more sense for the investors to vote yes and fuck off after taking the dividend and sell their shares instead.

last minute sapuuu ?

why pag no voting rights ?

I have been dealing with this company and sad to see their management is like shit.

The corruptions within this company is 1MDB scale with many stage of incompetent workers holding significant position due to connections.

Give u guys instances , KPJ been building many many projects branches , KPJ Johor / Seremban / Perlis etc - and these projects are under HTS management .

These management decides , which contractor gets the job - thus project awarded to a dumb fuck maincon . A 2 years overpriced project delayed till 4 yrs now and before handover he was awarded another much bigger project .

Similar thing took place for kpj on every branch , where ppl awarded with projects are unable to complete them .

Also please take note , that KPJ building specs / quality /safety / air cleanliness - even though requested to be high standard - its' not necessarily met . As long as ada bayar lepas .

So you decide , as an investor - would you participate in a company where corruptions are rampant - managed by incompetent personal .

The whole thing here is a recipe to fail .

Just look at KPJ as government hospital with aircond .

all the major share holders vote yes .. only left 15 % unknown .

Anyway gua silaaaang all @0.035

can somebody tell me what happens to the money invested in the warrant ? Say if QA is a no go - 90 % of mothershare is returned to the investors together with the 3 years interest rate .

But what happens to the warrant ? Who will end up getting them ? Arent they supposed to return to the warrant holders too ?

high volume ...

seems like many changing hand ... arghhhhhh , i guess que @0.035 not gonna realize anytime soon

@derrickinvestor1 quick summary , the warrant can only be converted to mother share when the qa takes place .

the deal in IPO is that they need to obtain a QA within 3 yrs time and the 3 years is this coming july 30 th , and this is the last attempt to buy over the asset . If this didnt go through , they wont be able to find another asset and get the deal through on time , which means - 90 % of the mothershare + interest over 3 years will be returned to shareholders . ( estimated 0.48 or slightly lesser )

Warrant holders lose all their money .

At the moment from the report , the management is intending to purchase an oil field at 40 % of ( 550 mil ) which already at production . The production cost is @30 Dollar per barrel , and Sona can see an immediate increase in revenue based on current oil price .

Sadly the current petrol price is very volatile , so the performance of this oil field still uncertain .

So many with low / medium risk appetite are selling off their warrants , and ppl like me with high risk appetite , buying them at dirty low price .

IF qa goes through , warrant price will match closely to mothershare - for me Qa is definitely a go - especially after watching what they pulled last wednesday .

Security Code: 5196WA
Security Name: BJFOOD-WA
Type: Company Warrants
Listing Date: 13 Aug 2012
Maturity Date: 08 Aug 2017
Issue Size in Unit: 115,081,760
Exercise Price: 0.7000
Conversion Ratio: 1 Warrant : 1 New BJFOOD Share
Settlement Type: Physical (Shares)
Underlying Stock:
BJFOOD
Price Premium (%): 0.96
Gearing Ratio: 1.49

@speakup i dont get you ?

wtf ...

wait wait ... can go lower , then start collecting .

rohank71 , I cannot be sure , but from my view most are onboard . QA is a go ..

xachx _ the proposed oil field production cost is at 30 USD per barrel . So by purchasing them , Sona will immediately profit from this production .

Investors concern is on the oil price performance over the next 2 yrs - we can estimate oil price end of this year onwards is down the drain , but 2018 onwards we may see some improvement . ( this is my own estimation pulled from the sky )

but if qa approved i will spend more money buying the warrant ,

@mat cendana , today i didnt get much work done , but made 2 months salary in one day . So i think it's worth it though .

@mat cendana , u have no idea the stress i endured , and with dumb ass trolls giving wrong info constantly .

Luckily i managed to top up further when the price fell at .035 .

I know Mr Foreign Investor made tonnes of money today .

Anyway majority shareholders are in favor of QA acquisition now . This is my view .

My analysis , the warrant should worth .11 at least , any buy now is still considered a bargain .

AHAHAAHAHAHAAHAHA .. can see some short sell , and market rally later soon .