haha that is the fun in stock market, it could double triple your wealth, could be the other way round.

do more studies on your portfolio, learn how to read the financial report. believe in your investment. The outcome turn out not what you have expected, learn how to cut lost. There are many ways to cut lost which cost u to the lowest. And read less BS in i3 haha. cheers~

the outcome whether good or bad is based on their creditors.
barakah need at least 75% support from them. SC normally will approve as long they have mutual consent plus meet bursa requirements lol.
i believe the bod already approached lecca and their creditors earlier for the regularise plan lar.

anyway what is will happen middle way no one knows. good luck~

maybe tomorrow’s discussion outcome appears to be good? hehehe. anything can happen in stock market. mark my word

appointed mahadir manap as independent director
hmmm...interesting haha. seems can hold and see what happen next

@T800Terminator, indeed regularised plan is normal procedure when you triggered pn17, but you cant simply draft submit one to SC, not like Uni assignment main hentam haha. Is alot of paper work and cost some amounts especially when involve in share reduction. Not to mention approval from various parties. Maybe you can ask someone you know in finance dept or company sec. of a listed co. then you will get the picture.

although im not agree @T800 @i3lurker their stands on barakah
but is true that stock market is cruel, always hope for the best but also be prepared for the worst, anything can happen in stock market.

the things is that when a trouble company before become pn17 or delisted, their shares price will be pushed up within short period yet without positive news, positive speculation? yea alot. Then this is the time u need to beware as that is the distributions purpose for major shareholder. Try to study pn17 or delisted company and their chart then u will what i mean.

if you talk about good long term investment base on fundamental, definitely not counter like scomi, alam, barakah, sumatec lol. These are not bright company at least for the moment.

But can you profit from few cents counters, yea why not.
In fact i gained 5 figures from lonbisc and barakah right after pn17, and 6 figures from knm - 7cts months ago?, .(not try to show off, alot tycoon at i3). Buy at the right time, lousy stock could gain u good profit too. For me the right time, is historical low price, the safe point.

Anyway good luck to all investors~

its ok to exchange views but with facts lar

keke luckily yesterday i sapu some again at historical low price

lol IK is funny
those who keep on counter him even funnier

huh who say scomi is pn17?....but anyway can wait till triggered pn17 requirement only buy also not late.

start with W issued by the company itself. Is convertible to mother share.
whereas C is issued by investment bank, aka call warrant. Cant convert to mother share. cash settle

pbjv just like his own children, raise till so big liaoo is hard for him to abandon it one lar
anyway he and his team has great connection wif petronas.
most likely will appeal successfully after uplift from pn17 and set off outstanding debts.

these two great news might come out first. although barakah dont have much jobs from petronas. But still petronas a big name to boost up.

tf...nik been re-appointed gila~~
tp .10 ciao lo haha

is good chance to buy to keep knm.

barakah uplift pn17 hit my tp .125 then i also ciao luu haha
move to armada for next two quarter results

@chan, shall not later than 29/8 if not mistaken

o&g stocks that i looked up knm, dayang, sapura, armada, velesto start flying already.
barakah confirm wont disappoint us.
eko start moving up too bad i sold haha.. all the best to holder

ya wor, need finalize liao only can to shoot up further

haha sienz eko ding dong
took profit ciao~

@SuperPanda, that would be me lol. I sold all 2 days before the restructuring news released. thought can buy back on the same day morning, noon time news out. 40% profit fade away

@pepsicola1012 nope, contra player is where u buy n sell before T+2 settlement. idss = short seller(aka shorties)

finally armada flyyyyy like a bird hahaha

@wendyuong, can be approved or not approve ge wor hahaha.

@pepsicola1012, no ler i ignored him terus lolol. he is repeating same shit on daily basis gg

most probably is force sell

yea i also wan zha 9 IK but c so many ppl already did that i fong sam le

from 7cts, take months not even a year up 500%++ hahaa
i believe barakah can too. upon out from pn17 tp .125

dont let it stop~~ :D

armada sapura knm ~~ go go go

to infinity and beyond~~~

@Newbiesky @wendyuong, tqtq *hi5*

@Newbiesky, i buy mother only~~

yaya im on board again hahah this round manage to get in at .305
tqtq

i always promote knm, good for short & long term.
wait for correction get it .305/.31

wokiee another day. gratz to those earn big today
no earn dont sad tomorrow will be better day haha.

lol i don't know about the false account rumors and management took all the money ran
no comment bout it haha

cuz london is profitable co., every q earn money 1. cant compare wif other pn17, they wont stay long in pn17 i think
most importantly their nosh not huge so easily goreng up n down

yea yesterday i got post here ask to collect london lol

82 cents is ipo b4 listed to the market
need submit apply, c random pick kena or not

lol something is happening again

gratz to those yesterday got sapu londonbisc haha

what i predict is the flow would be uplift from pn17, appeal on petronas suspension, appeal successfully. the management team got good connection wif petronas lol

@kianweng123, confident sia haha. im back on board 1m at .065 too haha

yalo in fact barakah did not get alot of jobs from petronas also even before suspended
so many ppl throw after the news im scratching my head

go collect some londonbisc first haha

.10 unlikely

once the regularised plan approved by sc, uplift from pn17
fuhhhh cant imagine haha

if sumatec also canan giv ppl goreng till .45 without core biz, zero revenue for 3 quarters.
why u should worry bout barakah then haha

lol sell now? when i collected 4cts after pn17, yea i sold all for 6cts that is without white knight.

reduction share capital doesn't affect share price nor the number of shares 1. Normally this reduction is to set off accumulated losses, errr in short, make their financial report looks healthier lor.

and oh ya it also for the purpose to get out from pn17 which barakah triggered on paragraph below

Paragraph 2.1(a) of PN17 of Listing Requirement as the shareholders’ equity of Barakah
on a consolidated basis is 25% or less of its issued share capital and such shareholders’
equity is less than RM40.00 million, calculated based on the unaudited interim financial
results of Barakah for the fourth quarter financial period ended (“FPE”) 31 December
2018; and

Paragraph 2.1(e) of PN17 of Listing Requirements as the external auditors of the
Company, Messrs. Crowe Malaysia, had express material uncertainty related to the
going concern of Barakah in the audited financial statements of FYE 31 December 2017
of Barakah and the shareholders’ equity of Barakah on a consolidated basis is 50% or
less of its issued share capital calculated based on the unaudited ...

-------------------------------------------------

I know many of u already knew this but there are peoples still confused.
the rise or fall of share price doesn't affect share capital of a company. Which means, when rise...the company would not gain capital from there.

on paper, the figures of share capital on equity balance sheet is gained during IPO, further additional capital would be via right issues / placement / convertible warrants etc..

para sifu correct me if im wrong~