Posted by JN88 > 2016-04-27 13:20 | Report Abuse

Hi want to ask CLIQ refund the money back to share holders ady? If they refund when can get the money?

Posted by stockmanmy > 2016-04-28 12:14 | Report Abuse

Still trading until when?

Posted by Kareemabduljabbar > 2016-04-30 09:48 | Report Abuse

Please read company disclosure to Bursa yesterday.

Posted by cliqbabi88 > 2016-05-05 10:12 |

Post removed.Why?

Posted by Kareemabduljabbar > 2016-05-09 08:30 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5087629

Posted by rohank71 > 2016-05-09 15:54 | Report Abuse

Good news Kareem.
Anyone knows if they can appeal?
When will the cash refund date?

Posted by TheContrarian > 2016-05-09 18:58 | Report Abuse

Cash refund date can only be announced after court hearing of petition of appointment of liquidators on 31st May.

Posted by CLIQmanagement > 2016-05-12 22:28 | Report Abuse

final struggle before die.

Posted by Kareemabduljabbar > 2016-05-13 13:48 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5091305

Posted by speakup > 2016-05-13 13:51 | Report Abuse

cliq directors is like a small kid throwing tantrums at SC cos SC reject their QA proposal.
i proposed SC fine each Cliq director for delaying the liquidation process.

Posted by TheContrarian > 2016-05-13 23:26 | Report Abuse

This is not an appeal but an attempt to intervene by objecting to the liquidation.

Posted by sudahkena > 2016-05-14 14:15 | Report Abuse

really want fight..... haha

Posted by Kareemabduljabbar > 2016-05-16 14:25 | Report Abuse

Anyone can explain the legal process ?

Posted by hpcp > 2016-05-20 15:25 | Report Abuse

Best Oracle made themselves look so stupid

Posted by TheContrarian > 2016-05-21 08:01 | Report Abuse

What Best Oracle is trying to tell the judge is that Cliq shareholders have not approved the liquidation and that the money held in trust should not be returned to the shareholders at all.

Posted by ruslimz > 2016-05-21 10:50 | Report Abuse

Bursa stetement..........Best Oracles sdn bhd (CLIQ) to appear at the high court hearing on 31 may 2016 with the intention to resist the petition to wind up CLIQ...

Posted by ruslimz > 2016-05-21 11:15 | Report Abuse

what not in directors head are if sc approved QA also, the sharehoders will rejact it at the EGM...... any way the company has to be liquidated.....SPAC already is a gone case.....shareholders want their money back.....directors and management kena cari kerja lain lah, your time at this spac is over......

Posted by TheContrarian > 2016-05-26 13:40 | Report Abuse

Take note that Best Oracles have applied for a stay of execution of the winding up as they are appealing to the Court of Appeal. This means that the money in the trust will not be returned to the shareholders until the matter is heard by the Court of Appeal.

Posted by alexisinvestor > 2016-05-26 18:37 | Report Abuse

CLIQ directors are wasting their time and money to go to the courts. Even if SC had approved their QA, it could still be rejected by shareholders in the EGM (just like Sona). Why don't the directors just move on with their life and return back the money to shareholders. Make everyone happy in the process...

Posted by Kareemabduljabbar > 2016-05-28 01:51 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5107841

Posted by speakup > 2016-06-02 11:50 | Report Abuse

why Cliq not yet delisted? 3 year timeframe long over alraedy.

Posted by callme777 > 2016-06-17 16:10 | Report Abuse

The stock delisted?

Posted by TheContrarian > 2016-06-17 19:04 | Report Abuse

Bursa saham dare not delist. Even SC got sued.

Posted by TheContrarian > 2016-06-29 22:33 | Report Abuse

Appeal court hearing fixed in September. I don't think liquidators dare to return trust money because they can get sued.

Posted by Ae Doh > 2016-07-22 16:00 | Report Abuse

the longer the delay in returning the money to shareholders the longer the directors get paid with big fat salary (shareholders money ma). Sona is coming to that tricks as well

Posted by derrickinvestor > 2016-08-02 23:29 | Report Abuse

aiya... cliq is very hard to die one.. like hydra...

Posted by hlt1110 > 2016-08-03 14:44 | Report Abuse

what can we do abt it? still need to hold this stock for how long?

Posted by TheContrarian > 2016-08-03 20:20 | Report Abuse

You can't do anything because even SC and Bursa are afraid. Nobody wants to be liquidator now because can get sued by Best Oracles. What I did was sold off all my Cliq shares at 69 sen months ago.

Posted by lse2016 > 2016-08-19 08:17 | Report Abuse

why is the distribution 73 sen for cliq? from what i understand, promoters cannot participate in the liquidation. so now there is 360.4 million in the trust account, 504752720 shares(this excludes those held by promoters)....so the distribution shud be 71.5 sen per share. why is it 73sen per share? where have i gone wrong?

Posted by lse2016 > 2016-08-19 08:29 | Report Abuse

or is it actually 71.5 sen per share and so the underpricing is just very little....

Posted by Kareemabduljabbar > 2016-08-19 10:28 | Report Abuse

You need to take out Initial Investors and also the Promoter block.

Posted by lse2016 > 2016-08-19 10:40 | Report Abuse

yes there are 631009390 shares. promoters and initial investors hold 20%. which means excluding them, there are 504807512 shares....and don't we use this figure?

360.4 million / 504807512 = 71.4 sen per share.

count again guys....if this calculation is correct than no such thing as 73sen !

Posted by lse2016 > 2016-08-19 10:41 | Report Abuse

btw...the earlier figure i used for number of shares was different because of some roundings i made. but the 504807512 figure is correct.

Posted by Kareemabduljabbar > 2016-08-19 11:08 | Report Abuse

Your denominator incorrect. Please read the prospectus as to who and whom qualifies for the Trust money.

Posted by speakup > 2016-08-19 14:05 | Report Abuse

why is cliq directors still collecting directors fees????

http://www.thestar.com.my/business/business-news/2016/08/19/cliq-energy-faces-shareholder-revolt/

Posted by NorthSpring11 > 2016-08-19 16:46 | Report Abuse

Do not know why they dare to ask for director's fees ? why need to pay to them ? pay for them to pay for their lawyer fees to fight for against winding up. A group of rubbish directors.

Posted by NorthSpring11 > 2016-08-19 16:49 | Report Abuse

If no money to survive, please go to look for a job, dont like a beggar to ask for free money.

Posted by Kareemabduljabbar > 2016-08-19 17:09 | Report Abuse

I believe from what I read in the Bursa disclosure and also the newspapers that the board consists of independent directors and the directors who are conflicted. The conflicted directors are the original promoters who have sued the SC and been frustrating the liquidation. The independent directors been doing their job for a full and quick liquidation. If you angry your money is stuck, you should target the culprits and not the entire Board.

Posted by NorthSpring11 > 2016-08-19 17:40 | Report Abuse

You are right,It should be just the "best Oracles" rubbish.

Posted by TheContrarian > 2016-08-20 04:06 | Report Abuse

Shareholders can move a motion to sack those directors. All you need is a simple majority.

Posted by DK66 > 2016-09-01 15:38 | Report Abuse

Resolution 1 failed, resolution 3 passed, and resolution 2 withdrawn.

Posted by DK66 > 2016-09-01 15:56 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5194445

Posted by DK66 > 2016-09-02 09:21 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/09/02/shareholder-fury/

Posted by Kareemabduljabbar > 2016-09-02 18:18 | Report Abuse

I am confused. Who on the Board is delaying the Liquidation, and were these people penalized Who is working hard for a quick Liquidation, and were these people encouraged / rewarded ?

Posted by DK66 > 2016-09-02 22:44 | Report Abuse

I suppose this is called "collateral damage" as Siva Kumar called for NO VOTE as a show of shareholders' wish for money to be returned.

Posted by DK66 > 2016-09-02 22:46 | Report Abuse

I don't think the intention of the shareholders is to deprive the directors of their fees.

Posted by Kareemabduljabbar > 2016-09-03 11:44 | Report Abuse

Very confused. Didn't shareholders vote to penalize the very same people who working hard day in and day out for a faster liquidation ? Sounds silly no ?

Posted by Kareemabduljabbar > 2016-09-03 11:46 | Report Abuse

The shareholder can express their views in so many other ways more so a substantial shareholder like jaya kumar. He could have proposed a resolution. He didn't.

Posted by DK66 > 2016-09-03 23:03 | Report Abuse

I m confused too. Perhaps you are right. The poll results just simply showed that the shareholders aren't happy with the directors' effort, not good enough.

Posted by DK66 > 2016-09-14 21:37 | Report Abuse

Anyone knows the outcome of the court of appeal hearing for JR today ?