Posted by Kareemabduljabbar > 2016-02-24 14:29 | Report Abuse

Pls be up to date. Read the disclosures. Sona already has full and complete sc approval where the 80 pct spending is completely addressed. Re the warrants, it has 2 years to go after QA so no need for management to exercise now and incur cost to finance the exercise price. They can just wait. Also they subject to moratorium anyway. Warrant won't move. In fact it may go up but remain at a discount to mother as did hibiscus. The play will be in the mother as any 20 pct can decline. Management have approx myr 210 million in shares and warrants at 55 cts. With this 'collateral' they have to convince market participants that the QA is worth voting for.

Posted by Kareemabduljabbar > 2016-02-24 14:31 | Report Abuse

If SONA fail and instead redeem, you know how many months after last date do I get my 48.5 cts back ? Anyone speak to a lawyer or liquidator ? My broker tell me 6-9 months since need clearance for inland revenue. I dunno since I am small investor and not expert. Any ideas ?

Posted by speakup > 2016-02-24 14:32 | Report Abuse

actually the truth is most of the ppl who are in SPAC biz only want to enjoy 3 years of carefree spending, they are not really interested to have successful QA and do real work.

Posted by speakup > 2016-02-24 14:34 | Report Abuse

if i can, i would also want to open up my own SPAC, then use 10% of the money received from IPO for leasure & travelling for 3 years! Good life. Then let the SPAC fail, so I no need work. Then I do another SPAC a few years later, when all is forgotten.

Posted by YC_Ma > 2016-02-24 16:54 | Report Abuse

Rohank u r rite

Posted by riaz > 2016-02-24 18:17 | Report Abuse

Cliq didnt get QA approval from SC however sone did get.

Posted by riaz > 2016-02-24 19:03 | Report Abuse

Let the shareholders decide

Posted by jack2 > 2016-02-24 19:58 | Report Abuse

while many talk nonsense, credit suise bought another 5 M shares, totaled 9M in 2 consecutive days

hope those who talk nonsense shud do some research than talk empty
just wait and see the outcome, LOL

Posted by callme777 > 2016-02-24 20:28 | Report Abuse

At this price I will vote against the QA

Posted by Kareemabduljabbar > 2016-02-24 20:33 | Report Abuse

In all honesty, no one really knows what pacific alliance and credit suisse are really doing. Note that they also own substantial shares in another SPAC that just announced they will fail. So credit suisse buying is not an indication of a successful QA. They could just be buying for yield. As for FX, they could very well be asset swapping into USD to eliminate currency risk. Buy at 46 now redeem in August 2016 plus 9 months liquidation is a very good yield to maturity in USD. Insha Allah for successful QA as I want Pak Hadi and Kak Maz to be rich.

Posted by jack2 > 2016-02-24 21:54 | Report Abuse

LOL LOL LOL
retailers always lose money due to insufficient research and info
Hadi is no idiot, he is the future new billionaire in my crystall ball
just wait and see the outcome, LOL

Posted by pukimak_ahmad_ziyad > 2016-02-25 01:09 | Report Abuse

Hopefully sona able to acquired by end of this month !

Posted by YC_Ma > 2016-02-25 09:31 | Report Abuse

becafull

Posted by YC_Ma > 2016-02-25 09:32 | Report Abuse

may same as cliq

Posted by akhan1717 > 2016-02-25 10:42 | Report Abuse

sona will fly...just be patient guys...

Posted by coolinvestor > 2016-02-25 11:43 | Report Abuse

Cowards n chickens will always be losers. Enuf said.
Pls sell more so we can buy more. Thank you

Posted by ktsk88 > 2016-02-25 14:03 | Report Abuse

If we read the Bursa approval given to SONA, it is already approved the QA but advised the company that the purchase price is bit steep and ask them to negotiate.......but the approval still stands and the purchase price still acceptable if all the shareholders voted it.

I think i read the approval based on the above scenario. Anyone agreed on it?.....or i read and assuming the other ways.

Posted by coolinvestor > 2016-02-25 15:20 | Report Abuse

Yes ktsk88. U are right. I dun see the owners selling any warrants nor shares yet. Pacific n credit suisse are still accumulating recently. So I will hold onto my shares, n warrants like crazy.

Again those sellers Pls sell so I can buy more. If I win I win I lose I lose.

Posted by ktsk88 > 2016-02-25 15:28 | Report Abuse

I guess Credit Suiise/Pacific accumulating to have an upper hand in votingin case other retailers wish to voted against the Bursa approval.....based on low oil prices.

If the oil prices is trading at USD40++, i don't think Bursa will come out with that statement that the QA is overpriced.

For me, i look at it at the positive side since SONA can have 100% control of the oilfields and have extra monies to expanding the productions for years to come and tap into the funds immediatelt unlike Cliq or Hibiscus.

Posted by coolinvestor > 2016-02-25 15:46 | Report Abuse

major owners of sona

Platinum Autumn Sdn. Bhd. 282mil shares 20%
credit suisse 142mil shares 10%
pacific 167mil shares 12%

then u have a couple of funds inside, some guys, etiqa insurance etc inside who already ...i believe already made up of more than 50% of shareholders. look for page 85 in their 2014 annual report.

some may have sold. some may have bought we dun know..

all we know is credit suisse keeps buying n pacific buys a bit too. from above already 42% in total ....

again i dun think these funds ppl want to just earn 47cts per share of cash from dissolving sona. they are not stupid.

i own shares in sona so pls buy at your own risk

Posted by Old90 > 2016-02-25 15:53 | Report Abuse

Looking good there for Sona Wa. nice volume.

Posted by Old90 > 2016-02-25 15:57 | Report Abuse

Possible to breakout above 0.085 level.

Posted by jack2 > 2016-02-25 15:58 | Report Abuse

for investors with high risk tolerance, shud check out the warrants, the son is underpriced. I estimate the price is between 15 to 20 cts once QA is approved, UPSIDE 100%

If no QA, then is telur lar

but I am confident the QA will be approved and Hadi is the next B, we just ride on his success...

Posted by Vjean > 2016-02-25 16:22 | Report Abuse

Have they resolve this 80% trust account utilization issue??

Posted by ktsk88 > 2016-02-25 16:31 | Report Abuse

Sona have RM527 mil or USD125 mil, now they gonna purchase the QA for USD50 mil or 40% of the trust fund. So the balance 40% could be use to develop and expanding the current oilfields to increase the output barrels.

That could be 2nd stage but most important is to get the shareholders approval for the QA even at USD50 mil.

Anyone holding SONA shares, please voted the QA so that everyone benefits from oil price rebound..........whatever comes down will rebound back...............same as gold price that are rebounding strongly now to USD1230.00 from USD10xx.xx 2 months ago.

Posted by coolinvestor > 2016-02-25 16:51 | Report Abuse

The issues regarding on the Qa n 80% utilization rate is already announced in bursa.

It's in plain English so go read it.

Posted by ktsk88 > 2016-02-25 16:53 | Report Abuse

Yes everything explained in details.....so no issue for Bursa at the first place. Just let the shareholder to decide and voted the QA purchase and the rest is history. Sona become an oil producers .

Posted by callme777 > 2016-02-25 16:55 | Report Abuse

This price I will vote against

Posted by derrickinvestor1 > 2016-02-25 17:45 | Report Abuse

Cliq liquidate... next will be Sona follow by energy

Posted by ruslimz > 2016-02-25 18:24 | Report Abuse

why dont you also said whole bursa will be liquidated......talak guna akal tapi mahu tulis sini........

Posted by kevinleo > 2016-02-25 18:41 | Report Abuse

Its True that, whole market going, i dint think any body want to BUY...

Posted by coolinvestor > 2016-02-25 18:52 | Report Abuse

Naysayers will always be losers.

Greedy u must be, when others fearful

Posted by jack2 > 2016-02-25 19:41 | Report Abuse

while the kiasi keep worrying over everything, day & night. Those who dont have the shares also telling their own version of silly ghost story, hehe

credit suisse continue to slurp another 3 M while price is on the rise. credit suisse is more aggresive now than before and at higher price too

what does that means? they are no idiots, they know something that u dont know...

Posted by Ant > 2016-02-25 22:45 | Report Abuse

conclued all the point of view... to vote QA, mother break 0.485 before egm is a must.

Posted by callme777 > 2016-02-26 04:39 | Report Abuse

Agree! Above 0.485 than I will vote for QA

Posted by jack2 > 2016-02-26 07:45 | Report Abuse

oil price steady going up usd35.29
just superb, expect usd40 soon

oh wow

Posted by Old90 > 2016-02-26 09:22 | Report Abuse

Sona and Sona Wa, in action, good volume there, more upside to come, technical wise is positive.

Posted by ktsk88 > 2016-02-26 09:25 | Report Abuse

Just voted the QA, USD 50 million is not big deal compare previous QA for over USD 250 million.

Posted by jack2 > 2016-02-26 09:34 | Report Abuse

look at the warrant
oh wow, oh wow

read my comments below


jack2 for investors with high risk tolerance, shud check out the warrants, the son is underpriced. I estimate the price is between 15 to 20 cts once QA is approved, UPSIDE 100%

If no QA, then is telur lar

but I am confident the QA will be approved and Hadi is the next B, we just ride on his success...

25/02/2016 15:58

Posted by CLIQmanagement > 2016-02-26 09:42 | Report Abuse

my view is there might be a spill over from the Cliq investor to Sona, since some cliq investor are selling direct because no QA..

Posted by ktsk88 > 2016-02-26 09:50 | Report Abuse

Sona is sure bet as oil producers compare to Cliq or Hibiscus.

Posted by coolinvestor > 2016-02-26 10:06 | Report Abuse

Yes I believe lots of cliq investors abandon cliq n buy Sona.
Sona wa has more buyers than sellers today's volume is the highest I ever seen wow.

Those just want to earn 1 or 2cents by voting against qa..we Dun believe you would be that stupid..who doesn't want money.

Assuming u buy 1mil shares earning 1cent will only give u 10k. N I dun believe those buying 1mil just want to earn only a stupid 10k. Hence..u are lying n u may not even have any Sona shares..god bless your stupidity...amen

Again cowards n chickens pls go away. Sell to us Pls. Buy at your own risk thx

Posted by Kareemabduljabbar > 2016-02-26 10:27 | Report Abuse

The game has started. First play the warrants to get market attention and interest. Then focus on the mother to ensure a successful QA. Volume shoudl remain high for this thesis to be valid. News flow also should be coming. Mother at 51 say means warrant at 16 cts as a minimum. Maybe a few cents more for speculative premium.

Posted by CLIQmanagement > 2016-02-26 10:47 | Report Abuse

look at the BIG BLOCK @ 0.485..

Posted by jack2 > 2016-02-26 10:51 | Report Abuse

soon 0.485 will be cleared and price shud be interesting before EGM announcement

Posted by coolinvestor > 2016-02-26 11:10 | Report Abuse

Interesting so this is how it is played. This is a learning experience for me as well.

Posted by coolinvestor > 2016-02-26 11:14 | Report Abuse

If coming down the months after qa approved n the asset start generating profits I wonder how much will the share price be? Especially if oil recovers this or next year. Remember their break-even is usd26 per barrel.

Will keep shares n warrants for a while

Posted by LKWWGP > 2016-02-26 11:35 | Report Abuse

http://klse.i3investor.com/blogs/N00b/91962.jsp

Posted by callme777 > 2016-02-26 12:14 | Report Abuse

Lol.... Suddenly so many experts

Posted by CLIQmanagement > 2016-02-26 12:46 | Report Abuse

need RM10million to clear 0.485 it self..