Patience friends. Its been a depressing stock for the past years, but it will come back to its glorious day again. See low price as opportunity to buy. That's where you make profit, instead of buying late
Bursa understands the commodity market outlook. See the past years where Oil and Gas stocks went so depressed but revived the downturn. It’s a cycle and with Brent price uptrend, the outlook is positive. Very soon operators will jump for exploration and development wells, Perisai will be busy printing cash for stakeholders.
OTHERS Description PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY") - MONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF BURSA MALAYSIA SECURITIES BERHAD' S MAIN MARKET LISTING REQUIREMENTS ("MMLR") Reference is made to our announcements of 10 October 2016, 12 October 2016, 10 November 2016, 9 December 2016, 9 January 2017, 8 February 2017, 8 March 2017, 7 April 2017, 8 May 2017, 8 June 2017, 7 July 2017, 7 August 2017, 7 September 2017, 9 October 2017, 7 November 2017, 7 December 2017, 5 January 2018, 7 February 2018, 7 March 2018, 9 April 2018 and 7 May 2018 (“Announcements”). Unless defined herein, all italicised and capitalised terms used here shall bear the same meaning as ascribed to the same in Announcements.
The Board of the Directors (“Board”) of the Company wishes to inform that the Company had formulated a proposed regularisation plan (“Proposed Regularisation Plan”) and had on 18 May 2018 made the requisite announcement pursuant to Paragraph 4.2(a) of Practice Note 17 of the MMLR setting out the said Proposed Regularisation Plan. The Company had also on the event date made an announcement in respect of the Notice of Court Convened Meeting of Scheme Creditors to be held on 8 June 2018. The Company, together with its advisers, is in the midst of preparing the applications for the Proposed Regularisation Plan to the relevant authorities.
The Board wishes to inform that the Company also triggered Paragraph 2.1(a) of the Practice Note 17 as based on the Company’s unaudited quarterly report for the financial period ended 31 March 2018 announced on 25 May 2018, its shareholders’ equity on a consolidated basis is 25% or less of the issued and paid-up capital, while its shareholders’ equity is less than RM40 million. Nevertheless, the Company’s negative shareholders’ equity of RM171,063,620.21 will be addressed by the Proposed Regularization Plan.
Further announcement on the development of the above matter will be made as and when necessary.
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....
ronaldolow5479
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Posted by ronaldolow5479 > 2018-06-04 15:50 | Report Abuse
what good news