Posted by hornydog > 2013-07-22 18:00 | Report Abuse

Another conjob ar this one?

Posted by Kamaru BahariBakar > 2013-07-22 19:01 | Report Abuse

Reminder: Sona Petroleum is long lost friend with Cliq, you see what happen to Cliq today.

Posted by hornydog > 2013-07-22 19:09 | Report Abuse

Sona = CLIQ little brother?

Posted by kcchongnz > 2013-07-22 19:11 | Report Abuse

Posted by kcchongnz > Jul 21, 2013 08:43 AM | Report Abuse X

Hibiscus, cliq, sona, wonderful SPAC, all in the fantastic oil and gas industry, or are they?

These are all murder holes! SPAC is the short from of Selling Promises And Craziness. Best deal for investment bankers.

Think about it!
1) Would a promising company need to do deal or merge with SPAC, or rather it just go public through a IPO on its own merits?
2) SPAC no doubt has some seemingly successful business people behind them. Are you sure they too will succeed in this new ventures? Or they were successful because of luck or through other people? I tend to believe more of the later.
3)Believe in Harvard57 above, those early birds whose cost is so much lower will unload in droves once listed, leaving those poor retail investors holding the hot potato.
4) Investment bankers will be laughing to the banks with your money. They pay themselves multiple times:
a) When they take it public
b) Consultant to the SPAC on retainer as a potential acquisition is sought.
c)When an acquisition is found
d) The one year process when SPAC is seeking shareholders and regulator approvals.

Fees, fees, fees, an ATM machine for the investment bankers. Guess whose money in the ATM machine?

Posted by pathew > 2013-07-22 19:20 | Report Abuse

great sharing... so punt this short term and leave it be :)

Posted by Susan Raj > 2013-07-23 14:05 | Report Abuse

I am quite sceptic about this oil and gas ipos.listing and the future performance and the expertise that is behind all this great cash collecting spree. the first on the list being hibiscus is moving.....

Posted by loryau86 > 2013-07-24 00:57 | Report Abuse

Investment Idea updated!

The red hot SPAC

http://loryau.blogspot.com/2013/07/spac-boom-part-1.html

Posted by FrankyHot > 2013-07-24 19:34 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2013/07/24/Petronas-licence.aspx

Posted by Harvard57 > 2013-07-25 19:38 | Report Abuse

i also sense something fishy why no news on institution portion ??
may be under subscribed now quietly talking to bank to pledge in these shares!!!

Posted by kcchongnz > 2013-07-26 05:35 | Report Abuse

Posted by loryau86 > Jul 24, 2013 12:57 AM | Report Abuse
Investment Idea updated!
The red hot SPAC

Talk about investment, if anybody tells you this investment is "red hot", you better run for your life!

Posted by kcchongnz > 2013-07-26 05:44 | Report Abuse

Posted by Harvard57 > Jul 25, 2013 07:38 PM | Report Abuse
i also sense something fishy why no news on institution portion ??
may be under subscribed now quietly talking to bank to pledge in these shares!!!

Institutional money is smart money. I can't imagine institutions will buy SPAC as investment, unless they can get it dirt cheap compared with the public, and can dump them immediately to make a kill when listed. And who will be "killed"? No prize for the correct answer.

If one knows about what is APAC, how it works, what it does, what is the costs involved, who is the ultimate beneficiary, the experience in the US and other more developed countries and ultimately the efficient market hypothesis, you will never even look at it.

By the way, can any honest and knowledgeable investment banker come out here and say something good about investing in SPAC without blinking his eyes?

Posted by Hot.T > 2013-07-28 02:22 | Report Abuse

Did anyone manage to get ipo under miti allocation? If you did, did miti notify you via post, email or we can check if we were successful on miti's website? Or via the issuing house's website? Appreciate a reply. Thanks

Posted by pari57 > 2013-07-28 04:39 | Report Abuse

Since you are applying thru miti so check thru miti website ma. Nothing to do with the issuing house.

Posted by Hot.T > 2013-07-28 12:22 | Report Abuse

Thanks pari57..btw, its for UMW O&G but since Sona's the most recent, thot i'd drop by here to query..most prob results not out yet since there's no icon for "check application status". Thanks all..

Posted by pari57 > 2013-07-28 12:41 | Report Abuse

Westpory IPO, Closing date 30 July.

Posted by pari57 > 2013-07-28 12:42 | Report Abuse

Sorry, Westport.

Posted by pari57 > 2013-07-28 16:21 | Report Abuse

Miti website. Bumiputera special sharem

Posted by iafx > 2013-07-29 09:31 | Report Abuse

http://www.btimes.com.my/Current_News/BTIMES/articles/suna/Article/index_html

Posted by kcchongnz > 2013-07-29 10:42 | Report Abuse

This is because the structured nature of a SPAC ensures the confidence of long-term investments, managing director Datuk Seri Hadian Hashim said.

"The value in the company is derived when the management team is successful in acquiring the right assets for Sona Petroleum."

Confidence ensured? What confidence do you give investors when you presently have nothing but a shell company trying to scout for an unknown hype?

What value? How come a "right asset" will go to you? Haven't you heard of Charles Munger said below:

"When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'"

Meanwhile it is expense, expense expense; and fees, fees, and fees for the shareholders while the investment bankers are laughing, laughing and laughing.

Posted by joyjoy > 2013-07-29 15:53 | Report Abuse

SPAC is similar to a venture capital fund. If you believe that the manager of the fund has better networks and contacts, and they are in a better position to access opportunities, then, that is their value. A venture capital fund invests in various start-ups, most of which probable will fail. But if they get one right, then that is where the returns will come from. Being listed, SPAC allows for the small investors to participate in opportunities that the average Joe prob cant access. The principle is the same as investing in a Venture Capital Fund which normally will require a minimum investment of a more substantial sum. Not saying SONA is great or lousy. It is just another investment option. If you believe in the managment, good. Otherwise, crap...

Posted by kohkaitong > 2013-07-30 08:28 | Report Abuse

worth to buy ? any comment?

Posted by my101home > 2013-07-30 08:34 | Report Abuse

Buy mother or warrant better?

Posted by dett > 2013-07-30 08:49 | Report Abuse

Thanks for sharing your thought kcchongnz & joyjoy

Posted by ykinvestor > 2013-07-30 10:50 | Report Abuse

I just wonder if sona-wa will close on par with cliq wa today ?

Posted by loryau86 > 2013-08-08 00:10 | Report Abuse

Updated!

SPAC BOOM (Part 2)

Why should we invest in SPAC Instead of those company that has track record and good dividend?

http://loryau.blogspot.com/2013/08/spac-boom-part-2.html

Posted by loryau86 > 2013-08-20 20:36 | Report Abuse

Market Drop? Scare? It's time to buy! What to buy? SPAC the best to buy!

SPAC BOOM PART 3 UPDATED!

Stages of SPACs and where are they now?

http://loryau.blogspot.com/2013/08/spac-boom-part-3-different-stages-of.html

Posted by loryau86 > 2013-08-27 23:14 | Report Abuse

SPAC BOOM Updated!

HOW WORST COULD IT BE?

http://www.loryau.blogspot.com/2013/08/spac-boom-part-4-how-worst-could-it-be.html

Posted by albertng > 2013-10-04 15:00 | Report Abuse

Sona sona sona is coming