They are squeezing sellers out before the big up. Brent holding tight and we are seeing upturn market. I am in Oil and Gas and Contracts. I know what I am talking about.
Reference is made to our announcements of 12 October 2016, 3 January 2017, 8 February 2017, 24 February 2017, 1 March 2017, 3 April 2017, 2 May 2017, 1 June 2017, 3 July 2017, 1 August 2017, 5 September 2017, 2 October 2017, 1 November 2017, 4 December 2017, 2 January 2018, 2 February 2018 and 2 March 2018 made by the Company in relation to the Company being classified as a PN17 affected listed issuer and the announcements of 1 November 2016 and 1 December 2016 pursuant to the requirements under PN17 (“Announcements”). Unless defined herein, all italicised and capitalised terms used here shall bear the same meaning as ascribed to the same in the Announcements.
On 11 October 2017, SJ Securities Sdn Bhd ("SJ Securities") announced on behalf of the Board of Directors of Perisai that an application for an extension of time to comply with Paragraph 8.04(3) and PN17 of the MMLR has been submitted to Bursa Securities (“the Application”).
On 16 October 2017, SJ Securities announced on behalf of the Board of Directors of Perisai that Bursa Securities had vide its letter dated 13 October 2017 noted the submission of the Application by the Company and informed that the suspension on the trading of the Company’s securities and de-listing of the Company in accordance with Paragraph 8.04(5) of the MMLR shall be deferred pending the decision on the Application.
On 10 November 2017, SJ Securities announced on behalf of the Board of Directors of Perisai that Bursa Securities had vide its letter dated 9 November 2017, granted the Company an extension of time of up to 11 February 2018 to submit a regularisation plan to the regulatory authorities.
On 9 February 2018, SJ Securities announced on behalf of the Board of Directors of Perisai that an application for an extension of time to comply with Paragraph 8.04(3) and PN17 of the MMLR has been submitted to Bursa Securities on 9 February 2018.
On 14 March 2018, SJ Securities announced on behalf of the Board of Directors of Perisai that after due consideration of all facts and circumstances of the Application, Bursa Securities has vide its letter dated 14 March 2018, granted the Company an extension of time of up to 11 June 2018 to submit a regularisation plan to the regulatory authorities.
The Company is in the midst of formalising a regularisation plan to address its PN17 status. Further development will be announced, as and when necessary.
The latest news basically just a little update that they Are still working on creating a plan within the time frame of the extension given by Bursa to rectify the PN17 status
I don't think so. I think they are flushing panic sellers out to get back from the bottom. I am sure they have made some insider deals with fund managers, as such early of the year where price rocketed from 3.5 cents to 9 cents after the news.
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....
adi85
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Posted by adi85 > 2018-03-22 12:02 | Report Abuse
something big is going to happen