still watching over this counter.. but still under PN17 not brave enough to buy. coz last time i lost all my investment money when i bought MOBIF. the counter is closed and my money is stucked there.
Oil services firm offering to pay bond holders US$3.4m in cash and issue US$85.9m in new 'stocks' Marissa Lee The Malaysian oil services firm that defaulted on US$89.3 million in bonds last October is trying again to settle its debts with bond holders.
Perisai Petroleum Teknologi is offering to pay US$3.4 million (S$4.8 million) in cash and issue US$85.9 million worth of new instruments called "irredeemable convertible loan stocks".
These "stocks" will be listed and tradeable on Malaysia's Bursa, Perisai told a bond holder meeting yesterday. They can be converted into Perisai shares only after five years.
If accept this offer, bondholders can get part of the bond money back. Receive its warrant, can earn back money from selling buying its warrant in bursa Malaysia.
Sounds good nonsense . I seriously DOUBT Bondholders will buy . Looking at the number of those that voted DOWN previous time . It will be a miracle if it gets thru !
Hazard a guess . Most bondholders are above 60 years old . I doubt they want to wait ( say 10 years for IMAGINARY RETURNS ) Better deal is CUT & KILL and hope the next 5 years see if any assets disposed can yield ANY RETURNS .
Based on source, a Malaysian company is interested in taking up the controlling stake of Perisai from Ezra Holdings and Emas Offshore. However, it's still at very preliminary stage. If the proposal can be materialized then Perisai is going to revived. If otherwise, the hope of surviving will be extremely thin.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
amran67
18 posts
Posted by amran67 > 2017-02-27 13:17 | Report Abuse
Oil price inrease, good for this counter ,u realise that