Posted by Mohd Nizar Hj Wan > 2011-11-08 23:50 | Report Abuse

buy this share beb, nanti regret tak guna....

Posted by Mohd Nizar Hj Wan > 2011-11-08 23:51 | Report Abuse

harvest dah melepas

Posted by mancon > 2011-11-09 13:10 | Report Abuse

Who are the ppl manipulating Harvest shares ? Report to SC for share manipulation

Posted by TheOne > 2011-11-09 14:41 | Report Abuse

Harvest.. many anchovies will be trapped in this counter soon. Already under SC's investigation but they're doing nothing about it. Gosh.. they knew the people behind the manipulation.

Posted by Richard Chin > 2011-11-09 15:32 | Report Abuse

Najib's son is the director

Posted by Stephenlee > 2011-11-09 19:07 | Report Abuse

This is old news and ppl sit back laughing to the bank. For the past weeks, Najib's son was highlighted in the write up of the Daily Edge. The latest move was Harvest reversed take over a re-cycling Company with projected profits runs into millions and shall be the flagship of many takeover. At this time of writing, hehehehe. the mother and warrant shares keep rising ...who dare to suspend the company and impose 100 Cash upfront for purchasing the shares. You can issue TONS of reprimand queries and orders but just like a tiger without gigi. Perhaps certain investors may not like how Singapore Stock exchange for her strict odeal on share listings, manipulation,adnmormal activities and share rising abruptly without good reasons) This is a simple case for new investors to learn. Cherios happy trading.

Posted by Adam Ryan > 2011-12-03 07:47 | Report Abuse

Najib son resign after harvest down....funny....

Posted by stephenlee > 2011-12-04 18:19 | Report Abuse

It is part of the Bolehland story in the KLSELand....without volume and speculator KLSE boleh can close shop. Market is dead and no speculators. Who is going to invest when there are lots of cronies in this Bolehland. What is right is wrong and what is wrong is right.

Posted by Adam Ryan > 2011-12-04 18:45 | Report Abuse

yes i agree. but market is unfair now

Posted by Keith Tan Teck Hing > 2012-02-03 00:24 | Report Abuse

Update***************

So Far News That I Received ****

LIME PETROLEUM Secure One More Oil concession in Middle-East!

Hibiscus Hold 35% Stakes in Lime Petroleum.

http://www.investlah.com/forum/index.php/topic,36666.0.html

Posted by Rosma mk > 2012-02-03 08:57 | Report Abuse

let see what happen today on the opening bell.. MAS also loss goin concern and there are many other penny stocks a loss goin concern.are u a risk taker. we buy on calculated risk maa.

Posted by Rosma mk > 2012-02-03 09:22 | Report Abuse

I anticipate a limit down on the opening bell but i was wrong..

Posted by Keith Tan Teck Hing > 2012-02-03 12:25 | Report Abuse

Rebound Anytime.

Posted by Keith Tan Teck Hing > 2012-02-03 13:10 | Report Abuse

HIBISCUS PETROLEUM BERHAD

New Announcement.

Further clarification to the Amended Announcement dated 2 February 2012

We refer to the Amended Announcement to Bursa Malaysia Securities Berhad issued by our Company dated 2 February 2012 with regards to the clarification of the half-yearly results up to 30 September 2011 (â??Resultsâ??). This Amended Announcement was made to clarify a typographical error in the summary page of the Results announced on 29 November 2011. We wish to emphasise that the full Unaudited Interim Financial Report for the 6 months ended 30 September 2011, which was an integral part of the Results and was attached to the same announcement of 29 November 2011, reflected the true and fair loss position of the Group. It has come to our attention that certain media reports may have given an impression that the Group incurred additional expenditure which resulted in losses for 30 September 2011 that were not reported until 2 February 2012. The loss position of the Group was in fact reported in the full Unaudited Interim Financial Report announced to Bursa Malaysia Securities Berhad on 29 November 2011.

Posted by Rosma mk > 2012-02-03 17:06 | Report Abuse

relax brother keith... hv to wait t4.. If selling pressure is well absorbed, it will cont uptrend..

Posted by Keith Tan Teck Hing > 2012-02-08 23:48 | Report Abuse

Congratulation those follow my buy call :) Stay Tuned for New Counter...

Posted by Rosma mk > 2012-02-14 19:10 | Report Abuse

wah! the son discounted so much vs its mom!

Posted by Rosma mk > 2012-02-16 21:23 | Report Abuse

if mom break 2.00 son will fly hi too.. go go hibiscus!

Posted by tank1231 > 2012-02-17 09:24 | Report Abuse

how high it can go? ^^

Posted by Rosma mk > 2012-02-17 09:49 | Report Abuse

this is oil and gas co.. risky . hv own target. at least 1.50. mother 3.00. trade own risk,

Posted by WWH33 > 2012-02-17 16:26 | Report Abuse

today volume very high... something on???

Posted by Voon Yong Hui > 2012-02-17 19:24 | Report Abuse

Today is so low volume, why you said high??

Posted by cheese > 2012-02-20 16:33 | Report Abuse

discounting, either mother will drop or son will up to close the gap as earlier

Posted by WWH33 > 2012-02-20 16:48 | Report Abuse

any latest news on this hib-wa??? the gap from his mom is too big and the time is too long already...

Posted by Voon Yong Hui > 2012-02-20 17:19 | Report Abuse

Keep dropping...:)

Posted by WWH33 > 2012-02-21 00:23 | Report Abuse

Aiyah...... Dun drop somemore lah......

Posted by cheese > 2012-02-21 08:23 | Report Abuse

no worry, today sure up.

Posted by Voon Yong Hui > 2012-02-21 08:47 | Report Abuse

How you know sure up today? From your dream last nite?? :)

Posted by tank1231 > 2012-02-21 10:32 | Report Abuse

seem like going opposite.... going down...

Posted by cheese > 2012-02-21 11:40 | Report Abuse

hahaha. tembak saja. anyway, gap will be close soon either mother drop or son up

Posted by WWH33 > 2012-02-21 12:29 | Report Abuse

mom stay... son up...

Posted by Voon Yong Hui > 2012-02-21 12:57 | Report Abuse

TOday show time....hahah

Posted by tank1231 > 2012-02-21 14:05 | Report Abuse

I prefer son grown up much faster than mom.... haha

Posted by cheese > 2012-02-21 15:28 | Report Abuse

i observed few times, if the mother stick there, then son will up. If you noticed, go back to previous months. The mother dropped twice to close gap with son + exercise price. The 3rd time, the son up to close gap. Now similar, the mother drop from 1.94 highest trying to close the gap. At 1.84, continue to drop to meet up. But the mother is likely not going to compensate in drop, so the next is son up to close the gap.
From the past, the son may close the gap by tomorrow or day after tomorrow. Let's see whether the history repeat. Good luck.

Posted by WWH33 > 2012-02-22 16:34 | Report Abuse

wuah!!! keep on pressing down!!!

Posted by tank1231 > 2012-02-22 17:50 | Report Abuse

mom drop, son also drop...... won't close gap in short term......

Posted by cheese > 2012-02-23 14:51 | Report Abuse

ya, think so. so i would rather sell off. the rebound seems failed.

Posted by cheese > 2012-02-23 15:20 | Report Abuse

Its first special purpose acquisition company has obtained the green light from the SC to acquire 35% equity stake in Lime Petroleum plc for US$55 million cash. But it will still need to hold an EGM and 75% of the non management shareholdersâ?? approval to complete the qualifying acquisition exercise. The EGM for the shareholders to vote on the transaction will be in late March 2012 or early April 2012. To recap, Hibiscus proposed the acquisition in Oct 2011 that would enable it to venture into oil exploration and production activities in the Middle East. Lime is the holding company of Lime Petroleum Ltd, which in turn has substantial interest in three concession companies with concession rights in the offshore oil and gas exploration assets. Lime Petroleum will be commencing a seismic programme soon to locate the drilling locations and these activities will enhance the value of the assets. In addition, it is working to add new concessions to Hibiscusâ?? portfolio. Market observers said that the investment risk in Hibiscus will rise once Hibiscus makes it first asset purchase. Shareholders are guaranteed a minimum refund of 90% of Hibiscusâ?? IPO price if the SPAC fails to identify and complete any asset acquisition within three years if investors vote against the proposed acquisitions. This is one of the listing requirements for SPAC. At least 90% of IPO proceeds must be placed in trust accounts managed by an independent custodian. However, once a qualify acquisition is approved, the refund guarantee is no longer applicable. In other words, the risk escalate at that point when Hibiscus purchases its first asset. MUCH WILL DEPEND ON WHETHER THEY STRIKE IN THE MIDDLE EAST! Investors who deiced to maintain their investments will face risk factors such as lack of track record in Lime Engineering and the uncertainty of the commercialization of oil resources. E&P companies are exposed to risk during the lifecycle of developing oilfield. Results of evaluation and production are uncertain and wells may not produce sufficient crude oil and revenues to return to positive cash flow. Hibiscus Petroleum may need to obtain more funding in 2012 and farm out contracts to support its development. There is no assurance that additional funding will be available on acceptable terms. And any farm out could dilute the control that Lime has on the concessions. Other possible risk factors include fluctuation oil and gas prices, which can impact revenue as well as geopolitical risks in the region. There is also concern that other substantial shareholders might sell down their stakes in Hibiscus. Note that 265 million shares were placed out to selected investors in the IPO. Substantial shareholders that emerged after the IPO were Lionel Lee Chye Tek (9.6%), Mercury Pacific Marine Ltd (6.7%), Picadilly Middle East Ltd (5.8%) and White Ruby Worldwide Inc (5%). While these new substantial shareholders are not subject to any moratorium, they have not sold down their stakes in the company as at Feb 2012. Initial investors before the IPO collectively hold only 5% equity interest. Another 20% of Hibiscus is held by the management via Hibiscus Upstream. As part of the moratorium, management is only allowed to sell, transfer and assign 50% of its held securities after the completion of the QA. To ally shareholdersâ?? fear, management has signed a binding agreement to discourage members from exiting the company early. If any of the management team wishes to sell his or her shares within a three year period from the listing date, then those shares must be sold to the other team members at a 30% discount to market price. In addition to the 20% stake, management also holds 83.6 million warrants, which when they fully exercised, will bump its stake to 33%. A drilling programme is being tentatively planned for 4QFY2012. If it makes a discovery, it will seek to commercialize it soon afterwards. Hibiscusâ?? 35% stake in Lime Petroleum is valued at between rm1.01 and rm1.33 per share. This is based on a 50% chance of commercialization from the estimated 157.6 million barrels of oil equivalent in the concession. In addition, Hibiscus can add more concessions in the future. The shareholders of Lime Petroleum are also eyeing a listing on the AIM in London. This will be after the valuation of Lime has been enhanced from drilling activities and hopefully, after the commercial discovery of hydrocarbons. This will benefit both Lime and Hibiscus as proceeds raised from the potential AIM listing will be used to fund further drilling and/or development activities. If Lime Petroleum gets listed on AIM, Hibiscus shareholders will not have to part with cash in the future.

Hibiscus hold an EGM and 75% of the non management shareholdersâ?? approval to complete the qualifying acquisition exercise in late March 2012 or early April 2012

Overall, still worth to hold

Posted by cheese > 2012-02-23 15:22 | Report Abuse

panic selling, grab now. keke

Posted by cheese > 2012-02-23 15:26 | Report Abuse

Gap is slowly closes up. Now only 0.61

Posted by WWH33 > 2012-02-23 15:47 | Report Abuse

panic selling for what reason???

Posted by cheese > 2012-02-23 16:53 | Report Abuse

no idea. profit taking after up from 0.18 till now

Posted by cheese > 2012-02-23 16:54 | Report Abuse

if you get cought, then have to hold

Posted by WWH33 > 2012-02-23 17:15 | Report Abuse

aiyoh!!!!!!!!!!!!! lau sai oredi loh!!!!!!!!!!!!!!!!

Posted by nasaie24 > 2012-02-23 17:34 | Report Abuse

tomorrow slight rebound but dont be fooled. sell. support at 63

Posted by TTRR > 2012-02-24 06:21 | Report Abuse

Hibiscus has set its date for the EGM.

Posted by TTRR > 2012-02-24 06:22 | Report Abuse

HIBISCUS Petroleum Bhd will be holding its Extraordinary General Meeting on Wednesday, 21 March 2012 to obtain approval from its shareholders for a 35% acquisition from its shareholders. Managing director has stressed that the company hopes shareholders will provide approval as the deal will increase shareholder value.

Posted by TTRR > 2012-02-24 06:25 | Report Abuse

From what I have know. The deal also allows Hibiscus access to any additional concession undertaken by Lime for free. With all these in place and in addition to the Rex technology deal, Hibiscus has clearly invested wisely.

Posted by princeofthi3ves > 2012-02-24 07:28 | Report Abuse

83.5...it should be a good bargain.

Posted by TTRR > 2012-02-24 08:17 | Report Abuse

Should increase if hold. Mother will go up based on the previous trends.