Whenever CallMe777 mention no QA, cliq will surely reverse.... Next time Callme777 better keep to yourself... dont mention it.... mention only good news.... wakakakakakaka
they manipulated last round to trap ikan bilis at top, how to secure QA with USD90m? buy what? can't even buy 10% of Hibiscus's Australia oil field (worth TP4 according to flowerpower)
Prospects of the coming year The Company continues to actively seek to have control or joint control on attractive development and production assets as QA. As at the date of this report, the Company has identified and is pursuing several attractive opportunities within the region of interest. At this juncture, the Company has the capability to identify and secure qualifying assets within the permitted timeframe.
More downward pressure. dont buy. I told you so. After telling you warrant price is worth only 0.17, they push it down to make you cut lost-I did. Then they talk cock about QA and big angpow coming and push up the price to more 0.37 to trap. Then they come up with the finacial result. Management sapu RM10million buta gaji. Dont touch this counter
Loss for the period of 1 year ended 31.3.2014 is RM15.2 Million and no QA announcement yet. How to hold on with this counter ? Luckily I already sold half of my shares few days ago.
again people invest without doing homework. buy in the hype without knowing the risk. SPAC is a QA game. Can't expect them to announce it in an annual report. It will be suspended before announcement. Is it coming? Maybe, maybe not. That's the risk. Financial report is not significant for SPAC prior to attainment of QA. Of course they will be making losses when they don't have a biz yet. 90% of the money raised will be restricted so that capital will be protected. before you invest please do your own homework. Know the risk you are taking and assess if it is what you are willing to take.
Knowing that Cliq almost used up 10% of the capital fund (90% kept in the bank under trust)....so....Cliq Management by hook or by crook has to confirm QA before bank balance get zero.
Extracted from the quarterly announcement: "Prospects of the coming year
The Company continues to actively seek to have control or joint control on attractive development and production assets as QA.
As at the date of this report, the Company has identified and is pursuing several attractive opportunities within the region of interest. At this juncture, the Company has the capability to identify and secure qualifying assets within the permitted timeframe."
I have a strong feeling that today steep fall of pricing is due to the financial results which contributed towards panic selling.This losses mainly is contributed by operating expenses which derive its share value.Losses of 15 million could be pre QA agreement cost which already due to its undeclared official QA.Im sure by AGM the management will announce its qualified candidates to the shareholders..Its just another flushing of contra player.Imagine woth the strictest guideline from SC to approve for SPAC candidates,will the mamagement duped all the cornerstone investors?...I doubt so....
spent 6 million on evaluation on QA, so funny, raise fund, then directors enjoy salaries and go to overseas, can spend 6 millions on evaluation, hahaha...bravo cliq! spend and spend and spend, enjoy and enjoy, goreng and goreng, in the end simply buy an expensive asset..hahaha thumbs up
knowing that Cliq management has used up almost 10% of the capital fund (90% kept under trust account - refund to shareholder if QA after 3 years) ............so......they are by hook or by crook to get QA before bank balance get zero........
Yes Capital fund got interest but can not meet daily commitment woh. So the stupid Cliq management team A & team B people must sit down together finalize QA matter lor. If not they will be facing Celxxkx word in AGM.
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....
clonewar
386 posts
Posted by clonewar > 2014-05-23 10:28 | Report Abuse
this not suspension this suspen