Initial Investors are gonna sue Sona Board for not defending the company and going into liquidation. the liquidation may go into legal problem like CLIQ.

already touch 7.75. FLY to moon

EGM update pls

good one Cipta

technical breakout. charging for 1.27 and then 1.40 level

Comments from a source:

1. current paid up capital is RM125 Million or USD30 million.
2. This is too low to be acceptable as sizeable company when they tender for contracts from BIG boys.
3. Historically SAM gets their contracts from Temasek and Temasek is the party tendering the contracts (see the value of RPT in the Annual report)
4. SAM may undertake a bigger Bonus Issue to reflect its inflated shareholders funds and the size of the company today.
5. Upon the bouns issue the target paid up is USD100 million or RM400 million.
6. If Temasek did not convert its ICULS they will lose out as the proposed bonus may be more than 3 for 1. (ICULS conversion price can never be lower than 1.00 if the bonus is more than 2.1 for 1).


anyone can comment or confirm.

big bonus coming soon? price very strong, next technical target is to break the earlier high of 8.20.

very good run up. More to come and target a new high soon.

very strong close. technically very strong, broke major resistance at 6.80. next resistance 7.40? can anyone confirm.

deal called off? any chance of revival of warrants?

wah got private info too?

very strong close. technically very strong, broke major resistance at 6.80. next resistance 7.40? can anyone confirm.

very strong close. technically very strong, broke major resistance at 6.80. next resistance 7.40? can anyone confirm.

Good news Kareem.
Anyone knows if they can appeal?
When will the cash refund date?

slow slow the warrants building up momentum. STAG may be extended. Deal still alive.

May be they have a plan.
Give the warrant to shareholders for free on to of the 8 sen
May be shareholder will vote

so no abort STAG deal yet. Warrants still got hope.

Thank you Mamajeru for your explanation, am sorry to hear about the losses but I hope if you do not have much information on liquidation process you should not miss lead others, we do not one others to lose money from half baked opinion..

We want to hear educated opinions from people who know the process. I was also told SPAC liquidation is different as the trust money is not part of the capital (in audited accounts its a liability and not capital) so doesn't require court process to pay out. Can anyone confirm.

Karem, how much can shareholders get when they liquidate? the trust money is 48 sen in Feb 2016.
How much does it cost to do the liquidation.

mamajeru, why u say next year July. I though they say the SPAC expire in July this year.

does it mean the liquidation can happen sooner if STAG aborted today?

only 3 comments today. why so quiet?

Can someone confirm this.
I heard Santos not agreeing to the extension of time to complete the purchase of STAG.
If the above is true than Plan B fail and no way to continue doing anything.

Pls provide life update

Good luck Sona

Why will shareholders want to vote NO when all analyst say price will go up after the QA?
First time i see shareholder wanting to reject.
Also why nobody want to buy if price can go up after QA
Am i missing something.

Mgmt has taken 55 million from shareholders hoping to make 200 million.
If the fail they will look like a bunch of clowns.

less than 2 trading hour for EGM results.
By tomorrow we will know if the management has created value for the warrant holders or not.

At 43 sen I wonder why should a shareholder vote YES when can get 48.5 sen. Better vote NO and buy back share in the market.

All those who but at 5.40 sell at 6.00. How gonna go up.

why Temasek sold 9.1 million shares at so huge discount to market. They sold their shares at 5.40/share.

Tell me why reach better than Sona?

Wow, same of ppl in Sona and Reach forum

does anyone know the proxy vote decision?
Did PAG vote YES or NO?
If the management does not offer sweetener to shareholders the deal is gonna and will be dead again.
They have to know that if share price below 49 sen the QA will be dead. All effort must be made to convince investors to buy up the shares to show confidence in the QA. that's the only way to get the QA approved.

pre opening no action.. looks like another failed QA... sad.

Next week got announcement?

Is REACH fate gonna be same as CLIQ. Liquidate the SPAC. only 17 months left. past half way mark and now still finding for asset. CLIQ never had a chance coz too late to do anything now. Hope REACH announce soon.

https://www.singaporeairshow.com/

Any goodies for SAM from the event above. May b some new contracts... event is till end of the week.

Is the promised bonus and split comming?

Technical breakout for a buy... q next target 7.20 and 7.50... break those surely 8.20.

Balvin 71, u are right all the deal negotiation between maa and Zurich is all done. Just waiting bnm rubber stamp.

Guys the deal is less than 100 mil. Don't expect much. However maa is under valued. What's we need to look for us what's gonna happen to the company going forward.

results outs soon. another record earnings.

BNM approval for sale of Takaful coming soon..

waiting for Q3 results for the next boom.

just know little technical analysis. still learning.

gonna start flying to 1.20 soon

after hitting a good support at 7.35, SAM closed at highest since fall from 8.20 to 6.80. Next to challenge the 7.75 before charging for a new high above 8.20.

7.35 very good support. after that is 7.20. 7.50 and 7.75 will be immediate resistance

Ggiiii, there are so many sadist in this chat who want to see price go down only. this is the stock you will dream to hold as its the gem of the market.