Posted by jack2 > 2016-03-02 08:29 | Report Abuse

warrant is undervalue
once QA is approved during EGM, the price will readjust to fair value

Posted by jack2 > 2016-03-02 08:37 | Report Abuse

my 4 wishes

1. reduce purchase price to around usd35M & below... now is nego process, result... REDUCED TO US25m - WHAT A SUPER PRICING. GOOD JOB HADI

2. bring down production cost below usd20 pb ...work-in-progress - good time to reduce operating cost and squeeze the suppliers, result is lower production cost & higher profit margin....

3. recovery of oil price to usd40++... now oil price is recovering usd36++.. still have good upside at least to usd40 in short term...

4. share price at least 50cts and above before EGM - to allow the kiasi to sell before EGM. 49 CTS WOULD BE GOOD ENOUGH TO GET RID OF THE KIASI

1/4 WISHES ACHIEVED - 3/4 WORK IN PROGRESS AND ON TARGET

HAPPY EGM SOON

Posted by CLIQmanagement > 2016-03-02 09:09 | Report Abuse

lol, Your wish will come true.

Posted by jack2 > 2016-03-02 09:11 | Report Abuse

insya allah, all happy happy

ok, mama going attack 47 cts

another 2 cts away to 49 cts (48.5 cts refund)

haha

Posted by callme777 > 2016-03-02 11:33 | Report Abuse

Lol.... Here got more action than the stock!

Posted by callme777 > 2016-03-02 12:51 | Report Abuse

Yyyyyyaaaaaawwwwwnnnnnnn

Posted by coolinvestor > 2016-03-02 16:14 | Report Abuse

a lot of ppl buying warrants eh....

Posted by jack2 > 2016-03-02 16:43 | Report Abuse

there are ready buyers for warrants, those chickens, pls sell sell

Posted by jack2 > 2016-03-02 17:00 | Report Abuse

buyers so impatient, slurped 900K warrant at 0.085

Posted by riaz > 2016-03-02 17:04 | Report Abuse

EGM is on 30 march

Posted by callme777 > 2016-03-02 17:07 | Report Abuse

Not convinced at this price

Posted by jack2 > 2016-03-02 21:17 | Report Abuse

if this is true, Hadi shud get some funds to absorb the shares, failures which He and founders shud takeover the blocks ...

a master chef shud like his/her own cooking

no worry, small block, Hadi is not that naive and stupid. they still have 2 weeks to seek support from major shareholders, same like any election, haha

Posted by Kareemabduljabbar > 2016-03-02 21:19 | Report Abuse

Below 55 cts deal dead since everyone will sell. Insha Allah.

Posted by callme777 > 2016-03-02 21:41 | Report Abuse

Hadi the man...... Can or cannot ? Does he have the fund or just another cliq?

Posted by CLIQmanagement > 2016-03-02 22:16 | Report Abuse

if the tops know that is a great deal, they should be accumulating and corner this counter. Maybe they are slowly doing it, we dunno know now.

Posted by jack2 > 2016-03-03 07:59 | Report Abuse

this is like an election for Hadi & Cabinet, they need 80% votes during EGM or cabinet dissolved

maybe is called a BUY-ELECTION which is legal, just money to buy out fence sitters and the uncertain groups, haha

Hadi has 2 weeks to canvass for support or buy-out before EGM

Hopefully, the share price will be more than 49cts bfore EGM

My guess is that the QA will go through

Posted by jack2 > 2016-03-03 08:07 | Report Abuse

brent usd37.01
usd40 comin
good signs

Posted by CLIQmanagement > 2016-03-03 08:52 | Report Abuse

seems like can vote to agree on QA

Posted by upandownup > 2016-03-03 08:58 | Report Abuse

QA will go through... oil price is on recovery...

http://www.wsj.com/articles/oil-prices-fall-on-surge-in-u-s-stockpiles-1456914160

Oil Prices Look Past Bearish Data to Notch Gain

Total U.S. crude inventories grew by 10.4 million barrels last week, the EIA says

By
Christian Berthelsen and

Georgi Kantchev

Updated March 2, 2016 3:30 p.m. ET

Oil prices gyrated sharply Wednesday but ultimately ended higher after weekly U.S. government data showed a big increase in domestic crude stockpiles, with waning space available to store swelling supplies.

The benchmark U.S. crude contract rose 0.8% to settle at $34.66 a barrel, and the global Brent benchmark rose 0.3% to $36.93 a barrel. It was the third straight gaining session for both contracts. U.S. prices fell as much as 2% immediately after the release of the U.S. data but quickly recovered and then wavered between gains and losses throughout the day.

The U.S. Energy Information Administration said U.S. crude stocks grew by 10.4 million barrels last week, versus the 2.6-million-barrel expansion estimated by analysts in a Wall Street Journal poll. The data confirmed a larger-than-expected increase reported by the American Petroleum Institute late Tuesday, which said stockpiles grew by 9.9 million barrels.

As of last week, total U.S. crude inventories stood at 518 million barrels, a weekly high. Historical monthly data show inventories last surpassed 500 million barrels in 1930. And inventories at the key U.S. storage hub in Cushing, Okla., rose to 66.3 million barrels, 90% of the region’s storage capacity.

But analysts and brokers said the market was looking past the immediate dire picture presented by the inventory report to focus on a hoped-for rebound as supply-and-demand fundamentals reach a nadir. Two other data points in the report reinforced bullish views: domestic U.S. production, which fell for the sixth consecutive week to 9.08 million barrels a day, and gasoline inventories, which suggested healthy demand with a 1.5-million barrel decline.

“The market seems willing to shrug off bearish developments and push the upside,” said Robert Yawger, director of the futures division at Mizuho Securities USA.

U.S. oil production has tapered gradually from a peak last year, but many shale producers remain resilient despite falling revenue as they have increased their efficiency. Production is now down from 9.7 million in April last year.


Pump jacks in the Midway Sunset oil field, California. The American Petroleum Institute reported late Tuesday that U.S. crude stocks grew by 9.9 million barrels last week. ENLARGE
Pump jacks in the Midway Sunset oil field, California. The American Petroleum Institute reported late Tuesday that U.S. crude stocks grew by 9.9 million barrels last week. Photo: Reuters
.
Oil prices have been supported in recent weeks by hopes that major suppliers would curtail their output in a bid to raise prices. Those hopes were reinforced Wednesday after Reuters reported that Saudi Arabia had reached out to banks to raise the possibility of arranging a loan for the country, a potential sign that continued low oil prices are weighing on its finances. Still, official selling prices released by the country Wednesday showed it was once again cutting prices for sales to the U.S., by 20 cents a barrel.

On Tuesday, prices rose to a two-month high Tuesday after Russia’s energy minister said a “critical mass” of oil-producing countries—which together produce around 73% of the world’s oil—had agreed to hold output at January’s levels.

The pact, however, is conditional on the participation of other oil producers. Iran has confirmed that it won’t join and will continue to pump until its production returns to about four million barrels a day.

“The last lows were hit in January; the price of oil is higher by over $7 a barrel—a very good accomplishment based on the fact that OPEC has not yet done anything to change their strategy,” said Dominick Chirichella, an analyst at the Energy Management Institute

Market observers say capping production at January levels won’t have any immediate impact on the supply glut because many countries were producing at high levels. Russia’s January output reached record high of 10.88 million barrels.

But even if the agreement succeeds in raising prices in the short term, analysts say the flexibility of the U.S. shale industry would prevent a sustained rebound.

“The oil market has seemingly found its footing,” said Seth Kleinman, analyst at Citi Research. But, he added, prices of over $40 a barrel “would prompt shale producers to reverse many of the production cuts that are supporting the rally.”

—Jenny W. Hsu contributed to this article.

Posted by callme777 > 2016-03-03 09:04 | Report Abuse

B4 QA stock at 0.50 than I consider voting FOR QA. At current price, no way

Posted by jack2 > 2016-03-03 09:21 | Report Abuse

Pls get real

If Hadi didn't ring you up for support in the BUY-ELECTION that means we don't have the numbers that he wants. Surely he is eyeing 90% or more

Whether you against QA is immaterial, perhaps you just made a minority group of less than 2 - 3%??

Posted by jack2 > 2016-03-03 09:23 | Report Abuse

oh wow, oh wow

warrant cleared all at 0.085

those weak holders, pls pls sell sell

Posted by callme777 > 2016-03-03 09:26 | Report Abuse

PLs get real, stock price stays here after a good QA tells you something!

Posted by callme777 > 2016-03-03 09:27 | Report Abuse

Never underestimate the minority group. The 2-3 percent can make a difference

Posted by jack2 > 2016-03-03 09:27 | Report Abuse

if is no good, pls sell
get rid of your nightmare day & night

Posted by callme777 > 2016-03-03 09:28 | Report Abuse

I probably own more shares than you but I won't sell but to vote against QA IF price stays here.

Posted by callme777 > 2016-03-03 09:29 | Report Abuse

Anyway, who is saying sona is no good? Be realistic and don't be a blind follower! Stock price don't lie!

Posted by jack2 > 2016-03-03 09:40 | Report Abuse

you are one dumb investor
the reason why the price don't shoot up is the QA approval and oil price

Posted by callme777 > 2016-03-03 09:47 | Report Abuse

Ya Ya I am dumb.

Posted by callme777 > 2016-03-03 09:48 | Report Abuse

Price is below returned price and U think U are smart....lol

Posted by callme777 > 2016-03-03 09:49 | Report Abuse

Just because ppl give a different view, they are dumb. Lol .... Grow up kid, this is a forum

Posted by jack2 > 2016-03-03 09:52 | Report Abuse

pls don't bring up yr naivety

Posted by MG11 > 2016-03-03 09:52 | Report Abuse

Callme777...

Do us a Big Favour. Sell now and do not comment here anymore.
Your rationale is getting weird.
If you do not approve the deal you will not get a better price than the refund price, which is
around the current price.
Do your maths....please.

Common sense tells us that the big fund are accumulating to approve the deal and get
a better price.

Posted by callme777 > 2016-03-03 09:54 | Report Abuse

Common sense? Lol
The stock is trading below the refund price. Common sense wor??!!!

Posted by callme777 > 2016-03-03 09:56 | Report Abuse

You ppl think I want this stock to fail? I am more than happy if the QA is approved, but look at the price of the stock.... Does it not tell you something? Common sense? Pui!

Posted by callme777 > 2016-03-03 10:04 | Report Abuse

Exactly to the point rohank71. Thank you

Posted by coolinvestor > 2016-03-03 10:12 | Report Abuse

One word of notice. Now I could be wrong. But look at cliq. Their refund price maybe lower than what was stated due to liquidation costs. Read the news. Even they say they are not sure.

So my question to you guys out there. Are u really sure the refund price for sona is at 48.5?

Just for info n I own Sona shares. Thx

Posted by YC_Ma > 2016-03-03 11:18 | Report Abuse

WAYANG WAYANG ONLY RUN LAR

Posted by coolinvestor > 2016-03-03 11:25 | Report Abuse

Thx for the clarification.
However suing will take time n this may be dragged into months. Even cliq dunno when will get back the money.

If u Dun have confidence in the company now might as well sell now.

I own Sona shares n warrants n am holding them tight. Buy at your own risk thx.

I believe the Qa will be approved. Maybe they want to accumulate more shares now I dunno. It's logical becoz of 1 simple human factor. Greed to earn more. Who DOES NOT want more money?

This is my conviction. Furthermore cs n Pacific are buying so much. Still in doubt pls sell dy.

If this simple things are giving u fear n sleepless night...then u are not cut out to be in the stock market. It's the real blunt truth.

So if I lose I lose lo. I can also accept my loss. Can u?

Posted by Kareemabduljabbar > 2016-03-03 11:45 | Report Abuse

I have spoken to leading audit company and they can liquidate a SPAC And pay back the trust money in 5 days. I have this in writing as a formal proposal. This issue of shareholders being stuck post 3 years in liquidation is complete nonsense, and a malicious rumor spread by some people to 'force' shareholders to either sell or accept the QA. other spacs ar limited to the ability of their management and may not be so competent. Also I don't know how active their shareholders are. Right now, if shares below 48.5 say bye bye to QA and Hadian and team would have wasted their 3 years. All rest get their money plus interest, in 5 days.

Posted by coolinvestor > 2016-03-03 12:24 | Report Abuse

I think the argument for this sona spac has come to an end. Its good that the liquidation process is fast and the return of monies is not a hassle. I am glad to hear that. thx kareem for the clarification.

as in all forums there are bound to have naysayers and optimists on any particular share. Should you not be confident in the share itself the fastest way is to dispose soonest possible. If you feel inclined to hold on to vote against the QA , its really in your perogative to do that. For others to vote on the QA, its really their choice too.

Its not certain that investing in any shares will be instant profit. there are also risks of losses in money. This is a fact. Its just a matter of whether you are more right than others ...or not.

Hence good luck to all and this push n pull conversation is now closed.

cheers

Posted by CLIQmanagement > 2016-03-03 13:59 | Report Abuse

If im Hadi, I wont push it up so soon. Only 2 or 3 days before EGM, i will push it up.
Im sure investor will think differently during EGM.
If i push it up now, i need to drain lots of money to maintain the price.

Posted by callme777 > 2016-03-03 14:46 | Report Abuse

The stock price tells a lot!

Posted by CLIQmanagement > 2016-03-03 14:48 | Report Abuse

ok.. then is a week before. Just that my general thinking of what will happen.

Posted by CLIQmanagement > 2016-03-03 14:49 | Report Abuse

if is not profitable.. nearest to EGM we will see some selling pressure... and many will attend EGM to vote against it.

Posted by jack2 > 2016-03-03 15:02 | Report Abuse

whether the business is profitable or not, pls wait for the EGM circular probably in a week, if EGM in a month time, then going round the bushes and speculate

Posted by ktsk88 > 2016-03-03 15:10 | Report Abuse

Oil prices is rebounding, i don't see anyone wanna rejected the QA after so many years holding the stocks....just for 10% returns.

If the price rebounded to USD40.00, i think many of you here won't be talking about rejecting the QA.

Posted by CLIQmanagement > 2016-03-03 15:13 | Report Abuse

we are just layman. I just want to know what is the breakeven price of oil for the company to stay positive profit only.
and is there any expansion plan, or dividend policy.

Posted by ktsk88 > 2016-03-03 15:21 | Report Abuse

The company now waiting for the shareholders to voted the QA plan in order for the company ro stays afloat and listed.

Then only they can draw the plans of the oilfield expansions or getting another assets or going up or down streams.

Without any approval, no points mentioning in their quarterly or half years reports on the next course of actions.

Can't you guys see the points instead of arguing to voted against or for the QA and get back the few cents after all the hassle holding for almost 3 years.

Posted by jack2 > 2016-03-03 15:25 | Report Abuse

shareholders shud be getting all the necessary information on costing & returns based on oil price on the day the circular is printed and IRR
in the EGM circular