Once upon a time, there is a ship passing through a small island. The island people has a dream, the ship will bring them to a far far place. The future is beautiful, the far far place is wonderful, all people boarded into the ship.
The ship goes on, full of dreams in its container, and it reaches the middle of sea, the captain says, lets drill some oil, is good business as well, It start pumping oil and gas, The ship becomes more and more heavy.
If the sea is rough, the captain will say, dear all, lets work together, to push the ship further, I can right issue you some more tickets to more far far place, more dreamy area in the world.
Hopeless counter. Saddle with old vessels which dragged the company down for few years. Only started clean this year and expected to register profit and venturing into OG chartering. All just talk but no concrete agreement.
I get rid it for a loss after holding more than 6 years including subscribing for it rights.
a listed company in sarawak, wonder why cant get some jobs from TYT taib? or got big buaya inside the company hole. if cant make profit to shareholders, why need listed? few years maintain less than 10sen per share. better ask for bankrupcy or sell to shin yang la..
Their job is to make sure where the price is, if you want get loan from a bank, they will ask you. if you dont want pay your contractor cash, you give them stock, they sell to market.
Financial report, is to show the bank, Oh ya, for example, if the loan is given in 3 stages, after you get the first stage, you have to show good results to get the loan for the second stage and so on.
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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....
daryltkt
675 posts
Posted by daryltkt > 2014-02-27 21:51 | Report Abuse
If 0.07 possible,not 0.70 unless some very positive news in O&G.need to wait maybe a long boring waiting with no movement at all.