Posted by speakup > 2016-03-24 15:53 | Report Abuse

ruslimz u are one funny guy :-) HA HA!

Posted by ruslimz > 2016-03-24 15:55 | Report Abuse

Vote or not to vote for BN ,I dont spend a single sens....but in share markets your money is at stake......talak sama laaa bro....

Posted by Old90 > 2016-03-24 16:00 | Report Abuse

30th March will know the answer. I am confident with the QA, good opportunity.

Posted by jack2 > 2016-03-24 16:29 | Report Abuse

yeah, listen to the Oldman
wait for 30/3, those naysayers will have suprises

Posted by fiamma20 > 2016-03-24 17:04 | Report Abuse

Credit Suisse and Pacific Alliance are holding 12.835% and 9.735% respectively or 22.56% in total.
Their combined shareholdings are going to defeat the Proposed Acquisition for sure. Sell all your warrants now!

Posted by ruslimz > 2016-03-24 17:44 | Report Abuse

warrants shareholders ...dont worry,be happy......keep you tears till 30/3....

Posted by Rehan > 2016-03-24 19:00 | Report Abuse

Can I sell anytime after 30/3 if I buy now irrespective of QA outcome? What is expected price if QA goes through and if it does not go through?

Posted by YC_Ma > 2016-03-24 20:41 | Report Abuse

Dont need scare la ... sure get it

Posted by ruslimz > 2016-03-24 21:44 | Report Abuse

you want to buy mother or son......

Posted by T1T4N > 2016-03-24 23:18 | Report Abuse

Credit Suisse SOLD ALL THEIR CLIQ shares before the yield. LOL
source: bursa announcement.

Seems like they fed up on waiting for liquidation.

Posted by stockraider > 2016-03-24 23:20 | Report Abuse

I think if Sona QA reject, the warrant will be severe fall somewhere Rm 0.01 to rm 0.03 loh....!!

Cliq-w good example....now worthless !!

High risk mah.....!!

Posted by Wong Heam Kiew > 2016-03-25 07:44 | Report Abuse

I tot warrant could not be exercised before QA get thru, meaning zero value?

Posted by Yunus > 2016-03-25 07:51 | Report Abuse

A YES decision will certainly help a local company grow and generate economic activity which is much needed and also help protect jobs. Though some may argue that they are pure investors with one end in mind i.e. to make money (perfectly ok!) and will not consider such factors. The choice is between quick profits (though some may have waited a while) versus investing long term and having faith in a local company to help realize better value for their invetment. I know emotions don't count. The fact is ClIQ and SONA are two different "animals". As I recall CLIQ did not even have a QA at near to expiry date. My 2 sens worth! and I hope it will be a YES for SONA's sake and patient investors !

Posted by Dogwithabone > 2016-03-25 08:19 | Report Abuse

Sona warrants, like all SPAC warrants can only be exercised upon approval of QA, after which they become like any other company warrants.

Posted by adf3103 > 2016-03-25 08:57 | Report Abuse

Hope you guy can correct me!

This SPAC is promoted by CIMB Securities, and also advised by CIMB for this QA, if this QA failed, will it affect the standing of CIMB Securities for the future IPOs'!!?

Let us wait and see what the major shareholders want, Yes or No.

Happy waiting.

Posted by speakup > 2016-03-25 09:21 | Report Abuse

adf3103, good joke, trying to link the survival of Sona to CIMB. If like that, CIMB dead a long long time ago. MBB, PBB, HLB also long dead long time ago.
Nonetheless a good laugh :-)

Posted by jetchew > 2016-03-25 09:47 | Report Abuse

when is the vote?

Posted by Dogwithabone > 2016-03-25 10:34 | Report Abuse

EGM at 10 am on 30 March. The approval or rejection of a QA does not in any way affect the standing of the investment bank sponsoring the listing of the SPAC. It is incumbent upon the promoters of the SPAC to present a QA that is acquired at a fair price, and deemed to be profitable in the long run. In other words, the promoters have to 'sell' the QA to the investing public.

Posted by Old90 > 2016-03-25 10:40 | Report Abuse

PACIFIC ALLIANCE ASIA OPPORTUNITY FUND AND CREDIT SUISSE SECURITIES LIMITED keep on Acquire Sona Shares. Expect the QA will be successful, maintain BUY.

Posted by akhan1717 > 2016-03-25 10:48 | Report Abuse

a BIG YES is otw bros...SONA WILL FLY

Posted by Alvin Hong > 2016-03-25 11:04 | Report Abuse

good, go for it...

Posted by jetchew > 2016-03-25 11:16 | Report Abuse

hope sona will flying soon,, waiting for so long time d

Posted by Yunus > 2016-03-25 11:29 | Report Abuse

rohank71, good info, thanks

Posted by YC_Ma > 2016-03-25 13:19 | Report Abuse

Wayang lagi

Posted by prc4wifefe > 2016-03-25 13:36 | Report Abuse

80million to distribute...

Posted by speakup > 2016-03-25 13:49 | Report Abuse

due to latest development (Sona management bribing investors), I now believe the QA will pass. Money talks.

Posted by prc4wifefe > 2016-03-25 13:57 | Report Abuse

all legal...kira dia orang pandai lo

Posted by prc4wifefe > 2016-03-25 13:57 | Report Abuse

PAG+CS jointly got 25%...meaning they can poket masuk 20million....kekekekeke

Posted by speakup > 2016-03-25 14:00 | Report Abuse

as i said already before this, high chance QA will fail.

now only Sona management realise this, now they bribing with capital repayment. now i think high chance QA will pass.

Posted by augustinafederica > 2016-03-25 14:17 | Report Abuse

time to sell

Posted by Dogwithabone > 2016-03-25 14:17 | Report Abuse

WTF. Come up with this on the last day to buy, if you intend to attend the EGM?

Posted by 15% to 20% > 2016-03-25 14:35 | Report Abuse

We refer to the Company’s announcement dated 2 November 2015 and its circular to shareholders dated 8 March 2016 in relation to the Company’s proposed qualifying acquisition of 100% interest in the Stag Oilfield (“Proposed Acquisition”).

On behalf of the Board of Directors of Sona Petroleum (“Board”), CIMB Investment Bank Berhad wishes to announce that the Board has today received a proposal from the management team of the Company that it plans to implement a proposed capital repayment of up to RM80.0 million to the shareholders of Sona Petroleum, subject to the completion of the Proposed Acquisition.

The details of the Proposed Capital Repayment are set out in the attachment.

This announcement is dated 25 March 2016.

Posted by Dogwithabone > 2016-03-25 14:39 | Report Abuse

If this news is positive, shouldn't the share price be moving up? I am confused now.

Posted by 15% to 20% > 2016-03-25 14:40 | Report Abuse

I'm also confused

Posted by stockraider > 2016-03-25 14:46 |

Post removed.Why?

Posted by Kareemabduljabbar > 2016-03-25 15:01 | Report Abuse

An inspired move by management. The market price action tells you everything.

Posted by MG11 > 2016-03-25 15:08 | Report Abuse

They can afford it from the reduced price of QA.
QA price was reduced RM 100M.

Posted by stockraider > 2016-03-25 15:24 |

Post removed.Why?

Posted by T1T4N > 2016-03-25 15:27 | Report Abuse

Looks like Credit Suisse and PAG going to vote YES. on this announcement

Posted by Dogwithabone > 2016-03-25 15:29 | Report Abuse

rohank71, please don't talk shit. There are investors here reading this stuff who have money at stake. Even if you are the co sec, you won't have this sort of info, for the simple fact that it is not available anywhere. So, please go play your games elsewhere!!

Posted by T1T4N > 2016-03-25 15:29 | Report Abuse

7 sen of Capital repayment if QA pass through, AKA Special Dividend!

Posted by MG11 > 2016-03-25 15:32 | Report Abuse

Mau pulang/bagi duit pun ada yg marah?!
I really wonder whether those bising2 really have Sona..

Posted by sheep > 2016-03-25 15:32 | Report Abuse

buy warrants

Posted by anakayambursa > 2016-03-25 15:43 | Report Abuse

just go to agm next wednesday and see the outcome

Posted by bcllct > 2016-03-25 15:55 | Report Abuse

It appears that QA will go through. Why??

As at latest Bursa announcement, CS Group hold 180,918,100 shares or 12.825% ( of total 1410,714,100 shares) and PAG holdings Ltd hold 210,686,400 shares or 14.935%. Togetehr they hold 27.76% of the total shares.
Since the maximum voting shares for the QA is 80%( management which hold 20% can not vote) it mean that CS & PAG will count for a min of 34.7%( 27.76/80) if all the 80% qualifying shares vote. So if they vote No that is it! QA will be dead!

If they intent to vote no and exercise their share repurchase they should stop buying more sona shares when they get close to 20% otherwise if they vote no it will be NO and they will not get what they(apparently set out to achieve)

The fact that they continue to buy more right until 17 Mar appear to imply that they are not going to vote No or not 100% of their shares will vote No. Indeed if they want to have the QA get through so they can get part of their shares repurchased, some of their shares must vote Yes.

Also, If CS and PA had indeed indicated they will vote No then there is no point for the latest ( today) capital repayment announcement. So it seems that CS and PA will be supportive of the QA hence the need to still encourage the minority at large to vote Yes or to reduce the No vote.

Above is just my thought and i have no additional info other than public domain information.

Posted by ruslimz > 2016-03-25 16:07 | Report Abuse

Actually sona has access of fund because QA is cheap ...so nothings suspicious about 80m cash payout proposal as it is a TQ for supporting the survival of the SPAC......

Posted by jack2 > 2016-03-25 16:16 | Report Abuse

WITH this capital repayment RM80 M, I can GUARANTEE YOU ALL CREDIT SUISE AND PACIFIC AND ALL MAJOR SHAREHOLDERS WILL SAY YES

EVEN those who have submitted the REJECTION WILL WANT TO WITHDRAW THE FORMS TOO, HAHA

CHEERS

Posted by jack2 > 2016-03-25 16:18 | Report Abuse

AS I told you guys, nothing cant be solved
when you know shareholders choices, you can always come out with solutions
not rocket science

Posted by jack2 > 2016-03-25 16:28 | Report Abuse

bcllct, your analysis make sense and you surely have more brain cells than many naysayers

with capital repayment, they are going to say all YES

Posted by lly316 > 2016-03-25 16:32 | Report Abuse

warrant non stop keep buying..really brave