Posted by speakup > 2014-08-14 11:12 | Report Abuse

cash per share is only 58sen, not 68sen.

Posted by joerakmo > 2014-08-14 11:27 | Report Abuse

think its 67.5cents + 2 cents for dissenting shareholders...keyword is dissenting

Posted by speakup > 2014-08-14 11:33 | Report Abuse

Look at their latest annual report (2014) page 79:

Cash in trust a/c = RM336,552,067
Number of shares issued = 630,940,380

So cash per share = RM336,552,067/630,940,380 = 53.3sen!

That's the approximate amount Cliq shareholders will get back if there is no QA within 3 years.

Posted by joerakmo > 2014-08-14 11:42 | Report Abuse

speakup: thanks

Posted by callme777 > 2014-08-14 11:54 | Report Abuse

Speakup go get yr facts right b4 u talk la. For a start yr formula is dy wrong

Posted by speakup > 2014-08-14 12:00 | Report Abuse

why wrong?

Posted by callme777 > 2014-08-14 12:01 | Report Abuse

The share movement and the sellers are telling u that this is another postpone and drag of time by the mngt. Good luck guys, it's not happening anytime soon

Posted by stockraider > 2014-08-14 12:02 | Report Abuse

speakup....I think u don understand how to value spac.
U must exclude....the early investor, the management holding....use the IPO share issue which raise fund to calculate loh......!!

It is Rm 0.68.....!!
Must understand the mechanism of spac... then can capitalize & make monies mah.....!!

For warrant....very high risk loh.....!!

Posted by speakup > 2014-08-14 12:06 | Report Abuse

TQ for clarification :-) my mistake.

Posted by derrickinvestor > 2014-08-14 12:24 | Report Abuse

yamato still holding?

Posted by prc4wifefe > 2014-08-14 13:00 | Report Abuse

there are 2 assets to be acquired...1 producing + 1 development

Posted by joerakmo > 2014-08-14 14:01 | Report Abuse

callme777,stockraider both right 90% funds in trust; management 10% excluded.
for Reach its 95%

Posted by prc4wifefe > 2014-08-14 14:02 | Report Abuse

check page41 ipo prospectus...now SC phase...very soon EGM with shareholders...

meaning SPA with asset owner kautim already!

Posted by MSTrader > 2014-08-14 14:08 | Report Abuse

have meeting today..awarded 2 projects..insider info..

Posted by MaXi > 2014-08-14 14:13 | Report Abuse

How do you get to those info ? Can teach me ? I want to learning . Thx

Posted by Qwertyuiop > 2014-08-14 14:21 | Report Abuse

Lol qa Pun belum mana datang projects?! WAHAHAHAJHAJAJAHAHAHHAHAHAHAHAHA so funny when seeing these comments

Posted by eagle > 2014-08-14 15:22 | Report Abuse

Haiyaa..this MSTrader is troll ka?

Posted by selamba > 2014-08-14 15:55 | Report Abuse

ready 4 tke profit...........................yahooooo

Posted by yong > 2014-08-14 16:21 | Report Abuse

HAIZ!!!!CLIQ AH CLIQ....WHEN U ONLY WAN REALLY COME TO MAKE ME CRAZY.....?????!!!

Posted by callme777 > 2014-08-14 16:46 | Report Abuse

How many retailers chase this morning.... Haiz.....4 days later all sell at the loss....

Posted by tommylim67 > 2014-08-14 16:50 | Report Abuse

OKU stock, hardworking SKL

Posted by callme777 > 2014-08-14 16:54 | Report Abuse

All bull sxxx and talk cxxx.

Posted by Qwertyuiop > 2014-08-14 17:21 | Report Abuse

Hahaha, chill, a year d, i dont think they wont char keoy teow. hold la hold la.

Posted by spactator > 2014-08-14 23:07 | Report Abuse

speakup ini macam calculate lah?

How to calculate trust account entitlement:
No of shares :630,940,380
less management team shares:126,188,080
less initial investor shares:20,000,000
= IPO investor: 484,752,300

cash in trust account:RM336,552,067 as at 31st March 2014

cash per share for IPO investor: 0.69 sen as at 31st March 2014.

Posted by yong > 2014-08-15 10:10 | Report Abuse

REALLY CCB STOCK!!!!!

Posted by YANG231011 > 2014-08-15 11:28 | Report Abuse

trap again..even just up 1-2 cents then push it down again..now hold at 0.640 can get return average about return 15% for 20 months time in case really no QA at the end in 04/16 .But every body seems totally no confidence & so scare to hold...haiz,,,the share price how to up ?

Posted by slch99 > 2014-08-15 15:11 | Report Abuse

OTHERS CLIQ ENERGY BERHAD - THIRD ("3RD") ANNUAL GENERAL MEETING HELD ON 13 AUGUST 2014

CLIQ ENERGY BERHAD

Type Announcement
Subject OTHERS
Description CLIQ ENERGY BERHAD - THIRD ("3RD") ANNUAL GENERAL MEETING HELD ON 13 AUGUST 2014

We refer to the 3rd Annual General Meeting of CLIQ Energy Berhad (“CLIQ”) and the subsequent press conference where CLIQ had issued a press release and had a session with the media.

Pursuant to the various articles issued by the media, CLIQ wishes to clarify that at the press conference, CLIQ handed the press release to the reporters, the extract of which are as follows: -

“It has gone through a few assets up to the stage of packaging a possible deal, negotiating the major structure and control considerations with the vendors and along the way have also sought feedback from the authority via a couple of Consultative papers to ensure that it can pass the various acceptance and approval tests necessary to complete the acquisition.

CLIQ is currently pursuing an asset in the Asia & Oceania region, that it thinks meets most, if not all of the stakeholders’ (including the regulators) needs and concerns. And, having benefitted from the experience from the earlier assets, it is better prepared to secure and formalised a good package.”

During the press conference, CLIQ’s Managing Director/Chief Executive Officer had further clarified that CLIQ is currently in negotiations with the vendors of the 2 shortlisted assets. Where necessary, CLIQ has sought feedback via consultative papers from the Securities Commission (“SC”) to ensure that the transaction structure and target assets contemplated by CLIQ is in line with the SC’s requirements.

CLIQ wishes to clarify that at this juncture it has not signed any sale and purchase agreement for the potential acquisition of the qualifying acquisition and therefore had not made any application to the SC for approval of the same.

The Company will make the necessary announcement once it has inked the deal.

This announcement is dated 15 August 2014.


Announcement Info
Company Name CLIQ ENERGY BERHAD
Stock Name CLIQ
Date Announced 15 Aug 2014
Category General Announcement
Reference No CK-140815-44379

Posted by shareguru > 2014-08-15 17:23 | Report Abuse

nothing yet....wait until they burn all the cash!!

Posted by spactator > 2014-08-15 19:07 | Report Abuse

Why so negative. Positive lah. CLIQ is the cheapest SPAC in town.

Posted by callme777 > 2014-08-16 08:48 | Report Abuse

Sent so many emails to clarify what they said. Haiz, kampung management so afraid to say the wrong thing about SC. Than don't try to lie and twist and turn during AGM la. Just say we have nothing.

Posted by spactator > 2014-08-16 09:22 | Report Abuse

Agree. callme777 - were u there at AGM

Posted by tankahban > 2014-08-16 11:19 | Report Abuse

Important is when will acquire asset, that all !

Posted by 4u2c > 2014-08-16 19:32 | Report Abuse

why cant they make money ??

Posted by spactator > 2014-08-16 19:50 | Report Abuse

At this stage, how effective is the CLIQ business development team. Checking the website, I noted a Tengku (former Perisai) is leading the pack. Are they effective and having sufficient understanding of the E&P market to source for opportunities. The Reach Energy team is lead by R.L (Ron) Schakosky.

Posted by anbz > 2014-08-16 22:59 | Report Abuse

@4u2c... u asked: why cant they make money?

is that a question or what?

how to make money when...

1. The revenue is RM0.00000000000000000000000000
many more zero to count

2. Still in packaging a possible deal stage. Key word here is STILL , dont forget POSSIBLE, and also A ... meaning JUST ONE ...

3. "Stage" .... hmmmm... if u cant label or number the so-called "STAGE" ... not many will disagree that this cliq business is in STAGE 0 ... not even 1

4. Still negotiating? After 16 months ... what the hell?

5. Problems of "controls consideration" ... while time is running out ... the smaller the value of acquisition the will get... if ever they get it

6. Berapa bulan sudah bayar gaji... hasil 0

7. Concerns about regulator's needs ? U should have consider that before issuing IPO !!! ... and seems they're giving this as an EXCUSE ???

8. Berapa kali sudah buat press conference? Berapa banyak sudah abis da....

9. Make money already ma ... sudah goreng manyak kali wo ... mak sama anak ... tapi itu anak growing up fast ... yet ada diseases ... bila mau bedah???

Posted by speakup > 2014-08-16 23:13 | Report Abuse

Cliq was unfortunate to have Sona list 3 months after Cliq. After Sona listed, all eyes were on Sona, instead of Cliq.
Now that Reach Energy is listed, again Cliq is back to the backseat.

Posted by anbz > 2014-08-16 23:14 | Report Abuse

http://www.investlah.com/forum/index.php/topic,64794.msg1281616/topicseen.html#msg1281616

Posted by sheep > 2014-08-16 23:15 | Report Abuse

seller now knows cliq is running out of time, so thy do have a upper hand in negotiation... dielah cliq.

Posted by anbz > 2014-08-16 23:34 | Report Abuse

Better change to glotec now ... it already has assets compared to cliq .... it already has a bought 2 companies that have at least 60% control in gas drilling and jobs in sumatera ... and adjoining municipals and states to their gas and coal location with proven reserves have agree to buy gas produced for power generation.. ... it is also now 6 times cheaper than cliq ... their annual revenue is around RM400m now compared to cliq whuch is zero after 16 months ... and their gas drilling location already has a very well established pipeline infrastructure that connets the fields to Jakarta and Singapore with capability to handle 1.2billion cubic foot of gas PER DAY.. and their aqusition only cost them RM640k initially and futher plus another RM29.7m ... very very very cheap for O&G assets aqusition... 2 of their excutive... has total 50 years working experiences for HALLIBURTON ... this is a trademark ... what cliq has compared to glotec??? Buy buy buy glotec ... sell cliq

Posted by anbz > 2014-08-16 23:47 | Report Abuse

And glotec is not sumatec ... glotec should change name to sumateratec

Posted by azlan88 > 2014-08-17 18:44 | Report Abuse

I believe each and every asset has its own potential. As for Sumatec, its assets are located onshore, and the one which was just acquired is at 1m water depth. Therefore the cost of developing this asset is very low. However all of its are located in Khazasthan, which mighu be affected by geopolitical issues eventhough it is more stable than any other post-USSR fraction countries. Khazastan have good relationship with malaysia, but this might change in future

As for Glotec, its recently acquired assets are unconventional one. The cost of development might be high and require advanced technology to extract. however these asset are close to malaysia, which are easier to monitor

I save my comments on cliq until they confirmed their QA.

Posted by powerwk > 2014-08-17 21:39 | Report Abuse

What ever they plan to acquire for sure they have the reason behind it. Just depend if it rational or not. Also the price is reasonal or not. Let see what they will come back after Bursa approved it.

Posted by anbz > 2014-08-17 22:34 | Report Abuse

Good comment there azlan

Posted by spactator > 2014-08-18 07:11 | Report Abuse

Good to see how the market reacts to SPAC's this week. Where will the money flow "short term" and what will the position of the long term investors. Take note, the November/December is a build up to year end festivities and Christmas. Action must be September and October 2014. All fund managers back from summer holidays.

Posted by i88stock > 2014-08-18 11:25 | Report Abuse

buy glotec now.... it is one of reach acquisition company

Posted by yong > 2014-08-18 17:07 | Report Abuse

CCB!!!!REALLY BO SIAO ENG COUNTER!!!DIU......LOSS 15K..........SO DISAPPOINTED!!!!!

Posted by yang231011 > 2014-08-18 17:21 | Report Abuse

back to 0.635..really don know why keep on selling ,,market so good for many many counter,,this counter is one worst performance YTD stock compare to most of the penny stocks.I believe this year most of retailer able to gain from market except those who hold cliq ,,really, really shui!!

Posted by yang231011 > 2014-08-18 17:31 | Report Abuse

just want shout to useless management x%x@*#^!x

Posted by speakup > 2014-08-18 17:44 | Report Abuse

yang231011, u put all your money in cliq? u should diversify, put into a few stocks. that way if cliq dont move, u got other stocks that move.

Posted by powerwk > 2014-08-18 18:47 | Report Abuse

Wow.... Look like many get trap this round :-)