Posted by izoklse > 2013-10-17 21:36 | Report Abuse

emm very interesting . TSE inside ASIABIO & PATIMAS

Posted by abdulhalim > 2013-10-17 21:45 | Report Abuse

FreeThink....what news?

Posted by tjhldg > 2013-10-18 00:24 | Report Abuse

quite interesting

Posted by Haha > 2013-10-18 08:05 | Report Abuse

2 weeks yet..beware...naik tinggi or terjun ngn labu-labunya...

Posted by PCinvestor > 2013-10-18 09:24 | Report Abuse

so quite today .

Posted by abdulhalim > 2013-10-18 12:22 | Report Abuse

ditelan mati mak,,diluah mati bapak,,,heheh

Posted by AhJee > 2013-10-19 09:19 | Report Abuse

Macam mana ? Should hold or dispose at .35?

Posted by AhJee > 2013-10-19 09:20 | Report Abuse

Got millions share hold from peak last year .... Cry,,,

Posted by izoklse > 2013-10-20 15:39 | Report Abuse

wow thats a lot AhJee. u still holding it. well we see how la. not sure what is the company plan on the regulation plan and whether bursa going to accept it or not. next week or last week of Oct would be an interesting time to see where it heading.

Posted by AhJee > 2013-10-21 10:16 | Report Abuse

if PN 17, I die loh

Posted by mineral > 2013-10-21 10:44 | Report Abuse

Isn't Patimas already in PN17?

Posted by abdulhalim > 2013-10-21 15:27 | Report Abuse

dah jadi pati susah nak timbul,,,hehe

Posted by Haha > 2013-10-21 15:42 | Report Abuse

tenggelam di laut dlm...hiihi

Posted by abdulhalim > 2013-10-21 16:36 | Report Abuse

turun naik turun naik,,,naik lah jgn turun2 baru ramai pelangan,,,heheh,,

Posted by bjgdila123 > 2013-10-21 16:55 | Report Abuse

beli,beli,beli cheap sale

Posted by hepitrade > 2013-10-21 17:01 | Report Abuse

i Q for 0.035 but can't get oso... why?

Posted by izoklse > 2013-10-22 10:59 | Report Abuse

heheheh mcm sudah mati punya counter. no need to q la.hehheh

Posted by abdulhalim > 2013-10-22 11:10 | Report Abuse

blm mati lagi,,tengah lena,,,mimpi x sudah,,,hahah,,

Posted by jenson68 > 2013-10-22 12:33 | Report Abuse

Any news lift from PN17 ??

Posted by joeylee2013 > 2013-10-22 18:32 | Report Abuse

ex owner Raymond Yap may be charged soon...

Posted by jenson68 > 2013-10-22 18:51 | Report Abuse

Any impact to Patimas?

Posted by AyamTua > 2013-10-22 19:19 | Report Abuse

ayam masuk kaunter nih .. pati ayam pun tarak .... hehehe

Posted by KakiPatah > 2013-10-22 19:24 | Report Abuse

gila punya ayam! hahaha ..

Posted by john29 > 2013-10-22 21:39 | Report Abuse

bangun! bangun! i think suma penny stock sudah jalan..u saja tido..

Posted by FreeThink > 2013-10-22 23:15 | Report Abuse

waiting for a white horse?
http://klse.i3investor.com/servlets/anpth/945727.jsp

Posted by izoklse > 2013-10-22 23:26 | Report Abuse

aiyo mcm mau bankrupt jer PATIMAS . Haiya. Do know la got white horse or not.

Posted by FreeThink > 2013-10-22 23:29 | Report Abuse

got white kerbau also nvm lah...

Posted by abdulhalim > 2013-10-22 23:31 | Report Abuse

kepala dh msk nak buat mcmana,,,hehe

Posted by FreeThink > 2013-10-22 23:38 | Report Abuse

tinggal 2 biji masih boleh berjuang sampai mati...hehe

Posted by abdulhalim > 2013-10-22 23:50 | Report Abuse

kepala dh msk ngan ekor2 sekali,,,heheh,,yg tinggal telur jer lah,,,heheh

Posted by FreeThink > 2013-10-22 23:57 | Report Abuse

itu telur ping pong ke boleh terapung di air?

Posted by AhJee > 2013-10-23 09:22 | Report Abuse

macam mana counter ini??PN1 lagi

Posted by MyInvest > 2013-10-23 14:27 | Report Abuse

Be careful on BUY...

Posted by jenson68 > 2013-10-23 15:29 | Report Abuse

Any good news on this counter??

Posted by abdulhalim > 2013-10-23 17:11 | Report Abuse

volumn high??

Posted by JHChew > 2013-10-23 17:39 | Report Abuse

counter ini sudah mati ???

Posted by papa > 2013-10-23 20:06 | Report Abuse

Haizzzzzz

Posted by Alan > 2013-10-24 04:41 | Report Abuse

Information Minister Shabery Chik has announced he wants to make Malaysia as hub for data storage and cloud computing. And Patimas provides this sort of service and only 5 such company in Malaysia . What do you think, would they let this company go down?

Posted by AhJee > 2013-10-24 08:41 | Report Abuse

alan, I need your expertise advice...
I have million share in the company, now 3.5 cents and I will loss 80%

Posted by Haha > 2013-10-24 09:10 | Report Abuse

PRACTICE NOTE 1 / GUIDANCE NOTE 5: NEW DEFAULT

1. INTRODUCTION

The Board of Directors of Patimas (“the Board”) wishes to announce that Patimas Computer Software Sdn Bhd (“PCSSB”), a subsidiary of the Company had on 17 October 2013 received a Notice of Demand cum Termination dated 8 October 2013 from the advocates and solicitors acting on behalf of Bank Islam Malaysia Berhad (“BIMB”) stating that PCSSB has defaulted in repayment of financing facility and the arrears amount outstanding amounting to RM3,204,457.90.

The details of the said facility are as follows:-

BUSINESS CASHLINE-I OF RM2,000,000.00

Selling price : RM3,500,000.00

(-) Undisbursed facility : RM 980.57

(-) Payment received : RM 294,969.95

(+) Miscellaneous : -

(+) Ta’widh : RM 408.42

Total Outstanding : RM3,204,457.90

Prior to the above default, the Company was classified as a PN1 status company on 28 November 2013 and there is no further development on the status of default in payment of principal and interests accrued as at todate. In addition, the Company had on 1 November 2012 triggered Paragraph 8.04 and Paragraph 2.1(d) of the Main Market Listing Requirements, which resulted in the Company being designated a PN17 status company. The Company is presently in the midst of formulating a regularisation plan to address its PN17 status.

2. DETAILS OF DEFAULT

The details of the Default are as follows:-

(a) Date of Default

The date of default is 22 October 2013.

(b) Reasons for the Default

The reason for the Default was that the current cash flow generated from the operations of Patimas and its subsidiaries (“Patimas Group”) is insufficient to repay the outstanding amount.

(c) Measures by the Company to address the Default

The Company and PCSSB are currently in communication with the BIMB and exploring various options to regularise the default.

(d) Legal implications of the Default including the extent of the Company’s liability in respect of the obligations incurred under the agreements for the indebtedness

The default may have a consequential impact on other on-going bank borrowings of Patimas Group.

(e) Business, financial and operational impact of the Default on the Company

At this point in time, the Default has no material impact on the operations of other operating subsidiaries of Patimas.

(f) Cross Default

To our best knowledge, the Company is of the view that the default of payment does not constitute an event of default under a different agreement for indebtedness (cross default).

(g) Confirmation on subsidiary

PCSSB is not a major subsidiary of Patimas.

(h) Solvency declaration

Currently, the Group is in negotiation with its lenders and creditors to negotiate the steps to improve the Group’s cash position with the indulgence and support from the lenders and creditors. There is no major development on the status of default in payment of principal and interests accrued as at todate.

The solvency of the Group is dependent upon the successful implementation of the restructuring exercise under PN17 currently being formulated by the Group. At this point in time, the Board of Directors is not able to provide to Bursa Securities the Solvency Declaration Statement due to the ongoing exercises above.

This announcement is dated 22 October 2013.

Posted by AhJee > 2013-10-24 09:15 | Report Abuse

the company patimas computer software sdn bhd not equal to to Patimas computers bhd oh...

Posted by MataWang > 2013-10-24 10:40 | Report Abuse

Any good news this counter?

Posted by m_faiza1 > 2013-10-24 11:33 | Report Abuse

P1 company? Anyone can explain

Posted by ramlimn > 2013-10-24 12:12 | Report Abuse

Hope this company will improved since new director just joined a few days ago.

Posted by tjhldog > 2013-10-24 12:18 | Report Abuse

it will be a long n exhausting process shareholders will endure

Posted by Alan > 2013-10-24 13:26 | Report Abuse

buy rate is 92%. People are optimistic

Posted by AhSook AhKou > 2013-10-24 14:52 | Report Abuse

Cheap to take over for some who want a IPO , maybe those "Dai Chua" (Big Goreng) fr China might increase their holding ???

Posted by kongkong > 2013-10-24 15:02 | Report Abuse

Buy

Posted by scottywhyte1897 > 2013-10-24 15:36 |

Post removed.Why?

Posted by FreeThink > 2013-10-24 15:38 | Report Abuse

scottywhyte1897, no ads here! dont spam in i3