For already-listed CLIQ Energy Bhd, the SPAC has had to consider going back to the drawing board of one of its planned acquisitions to ensure it had sufficient control over asset it was looking to buy, sources say.
Special Purpose Acquisition Company (SPAC) Story Vs SUMATEC ==========================================================
SPAC-ulation: =========== SPAC is floated without any business. It’s up to the management to identify a suitable acquisition or merger (or others), and to secure shareholder approval to use the initial public offering (IPO) proceeds to pay for that deal. There are 3 below already floated with the aim of going into the oil and gas industry (some not proven O&G assets) and more SPAC to come.
What is the price of these Bursa SPACs: Hibiscus = RM1.60 CLIQ = RM0.635 Sona = RM0.50
SUMATEC-ulation: ============== SUMA working on Proved, Probable & Possible oil wells and in increasing productions and now more oil reserves. SUMA is only price at RM0.31 (due to PN17 status, institutional fund can't invest and other reasons).
What is SUMA price after Exit PN17 soon? How high can it go?
hopeless and helpless management. oil price more than USD 100/bbl still not manage to secure any oil field. IRR>15% is easily achievable with this kind of situation. haiz
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....
derrickinvestor
9,083 posts
Posted by derrickinvestor > 2014-06-13 19:18 | Report Abuse
can everyone forget about commenting here tonite.... enjoy the worldcup tonite.... comeback only when worldcup is over