@Happy3933... I will find it a joy seeing Petronas kneeling for mercy before Barakah. Petronas have practically crippled the entire prospects of Barakah... untold damages in fact. Barakah have nothing left to lose by initiating a winding-up proceedings against Petronas Carigali... Burn the bridge if need be.

@Happy3933... Bravo... It's Dignity in fighting the bullies at Petronas. Petronas ought to be taught a lesson...

@W0099... Ha ha... That's a good one. The egg is like a ruthless pirates. They will fight till their last blood drops... Fight Barakah must... Cheers

Amount for full settlement is small... Only RM118k but the implications against Petronas Carigali is damaging. Petronas, now have no choice but to negotiate with Barakah. They can no longer ignore Barakah. Very skilled strategy by Barakah.

Silent Mary is definitely a battleship. It is giving Petronas Carigali 21 days notice to fully settle its payment. Failure to do so, Silent Mary is going to WIND-UP PETRONAS CARIGALI... This is interesting...

@W0099... You have so much love for the share market. Always remember that it can be a very scary place too. It is good that you are ambitious at this tender age... Cheers

Hoist the Colours....

@W0099... Ha ha... Ask Captain Mabel. Cheers

@W0099... Apart of strong mental, you need to be as strong as a pirate. Your sis Mabel is now the Captain of Silent Mary... a pirates battleship.

@W0099... Red because... Year of the Rat is coming soon. Its an auspicious colour. Not to worry... Cheers

This @W0099 is fully recharged & action-packed... Good for her. Cheers

@Happy3933... Hoist the Colours

@Mabel... Yes, Mabel... Hoist the Colours. Cheers

@monetary... I don't think we would be able to know the actual reason for the suspension as they are not public information. From published materials, we can state non-payments to Barakah's sub-contractors being one. The other being the variance order (VO) whose works have been successfully completed by Barakah but Petronas has refused to pay. VO are occasionally viewed negatively by the HQ. The question that have remained in my mind that have no answer to this day is... Why the need for Petronas to issue public reprimand against Barakah to other O&G companies in the region, after having suspended Barakah for 3 years. You can see something abnormal about the whole fiasco because Petronas was not feeling satisfied even after issuing the suspension order. Having resorted to the public reprimand, Petronas is now facing a RM1.0 billion suit by Barakah.

I personally don't think Lecca can be considered a White Knight. Barakah is better off without them. The papers that Lecca proposed to issue are nothing but junks.

Long-term, it is my hope Barakah move away from Petronas. It should go regionally. Perhaps this unpleasant experience is a blessing in disguise for Barakah. Cheers

@monetary... For its corporate exercise, I am of the opinion that Barakah is looking past the Petronas suspension issue. They have to their credit successfully completed RM4.3 billions works to date. Barakah is using its track records to speak on its behalf to the industry. They are not allowing the suspension to over-shadow its corporate turnaround. Of course the lifting of the suspension would be a big bonus. Cheers

@monetary...Barakah have just been legally equipped to execute the long overdue corporate exercise... after the AGM. We are just 9 days into the new year. I strongly believe it is in the works. I agree the wait is tiring... Cheers

Today's the day...

@ishver...for your benefit, when a company is de-listed from Bursa, it means its issued shares can no longer be traded on the stock exchange. The company remains a going concern. You too remain the shareholders of the company. A liquidator comes in only when the company is ruled bankrupt. Perisai is not a bankrupt but a distressed company. Cheers

Ha ha...

@Mabel... Captain Mabel.. Cruising the 7 Seas in a plane!!! Or heading towards port of call to board The Silent Mary... Safe flight

I suspect the huge single dump @3 sen has something to do with the killing of the Top Iranian General by the US military drone in Iraq. A backlash is expected from Iran. Let's see the news over the weekend. Cheers

@T800... Sudah beli kah? Not jagung but Barakah

@Happy3933... May your dreams come true... the chic Bugatti Veyron

@investortrader88... Ha ha... Until at what flying price are you with Barakah. Next 5 days should be interesting... Cheers

@fastranger... Simply the best reply I heard in a long while. Let's move on @fastranger. They are depressive people. He's playing God now. We should not be wasting time with them.

Ready to Rock & Roll...

@fastranger... You have lots of humour in you. Easy going guy... Cheers

@Happyflow8888... I don't think there will be an immediate reply from Bursa on the status. The Listing Committee has to meet first.

The new investor could be the White Knight...

@Mabel... I believe none of us attended the meeting. I however find the renewed buying support somewhat comforting. The so-called Rent of KL101... could be a way out to circumvent the 3-years suspension via a 3rd friendly party. The new investor will bid for the projects & KL101 will be utilised to fulfil the contract. Legally this is workable... Cheers

@pamie... Sorry for confusing you. Please refer to the post by @Flyinghorse & @investortrader88. I actually meant that. Cheers

@fastranger... Ha ha. Yes, it should be a great 2020. Perisai have been resting in 2019. Perisai should be fully energised soon...

@pamie... Go to The Edge for the gist of the AGM... Cheers

Let see the outcome of the AGM today...

Merry Christmas to @Happy3933, @investortrader88, @Mabel & to all... Despite the many setbacks, a happy Happy New Year 2020 to all. Cheers

@ronaldolow5479... Yes, we got to be patient, not like some who are already a patient. Only a few more days to go for the announcement. Cheers

I always say the stock market is a very cruel place. Its a place where you taste your own blood. Not many are able to handle the financial losses & many do not recover from such losses. The prolong silent sufferings in the end, affects their mental state. They become depressive. Sadly, they will never seek medical help & they remain sick as to this day.

To the others, please be careful. The stock market is always around... Only not us.

By appealing to Bursa would mean there is still hope for a Happy new year. Bursa should be viewing favourably to the extension request given that the P Kamelia legal issue had to be resolved on Jan 16. Perisai will remain suspended till then. My confidence in its listing remains... Cheers

@fastranger... Let's ignore that foreign object. It's not worth it, for his 3rd P is Profanities. We wait for the decision by Bursa on the listing status of Perisai. Hopefully it's a really Happy New Year... Cheers

@scwmike8... Taste your own words. Enjoy it.

His SHIT & 2P's...profit & period. He is really a 1st class IDIOT...

The most IDIOTIC MORON is back...

Jan 16th is past the deadline by Bursa. The counterclaims are equally tough which includes damages claim. I will be surprised if there is a amicable settlement on Jan 16. I am waiting for the announcement on the listing status of Perisai... Cheers

@Happyflow8888... The butterflies inside the stomach of the Creditors are bigger... Ha ha. Our losses compared to them are kacang putih...

@Mabel... Which way? Ha ha

@RICH MAN... You have a BIG heart. Cheers

@TAK1... I don't think the RM1.0 billion suit is part of the arbitration. I reckon Petronas wanted it included... nothing left hanging over its head. It could be a strategy to have it included. Cheers

@investortrader88... A setback...

@investortrader88... Sudah kahwin with Miss Universe kah? Already on your honeymoon cruise with your catch kah?

Yes, another new low touched. Overall market weak. Expecting another plunge in DJIA tonight. 3 weeks to go... direction will be clearer then. Cheers