Everyone know the voting percentage is 45% against proposed acquisiton, only fools will denied the fact. Happy burning your money for those who are still holding the warrants.
why need to guess? just call Sona management and you will get the answer! They won't lie to you fools! However, only stupid fools do not how to source for first hand information!
Credit Suisse and PAG collectively hold only about 13%. CS is proxy for PAG.Last I heard, they are happy with CR and are willing to take the upside to 50sen
Yes, the proxy votes has already killed the proposed acquisition. Even the Chairman demanded for a poll also no point as the chance is zero percentage for the acquisition to go through.
Sona Management need to start packing their personal belongings and say good bye to the "Yes" shareholders.
Other cornerstone and institutionals are voting this through as there is very little downside. PLUS, the warrants that the initial investors still own will climb back up. There is ALL to gain and NOTHING to loose here. Fiamma20 is sleeptalking.
1. true, it is not possible for proxy votes to be known openly. sona has won award for strong corporate governance, how can the proxy results leak out? only selected management and secretary will know the proxy votes
2. even if the proxy result is known by now but it constitute how many percent of the total votes/shares? 30%? 50%? 80% of total shares?
we can accept whatever results, but lets wait for the EGM tmrow for the actual results
cheers
Posted by ASEANInvest > Mar 29, 2016 05:38 PM | Report Abuse
Other cornerstone and institutionals are voting this through as there is very little downside. PLUS, the warrants that the initial investors still own will climb back up. There is ALL to gain and NOTHING to loose here. Fiamma20 is sleeptalking.
Mother share held steady despite speculation. I suppose long term invested would be interested to approve QA based on the discounted purchase value. In fact, now is the right time for acquisition with low oil price.
Dear all, we would like to share with you our latest interview with The Edge TV: https://www.youtube.com/watch?v=M1E8b6YFnpY. Looking forward to meeting all shareholders at the EGM tomorrow!
We are confident that this QA is the best deal for the shareholders. Our thanks to the SC for its decision to approve this deal based on careful and comprehensive deliberations.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
coolinvestor
1,249 posts
Posted by coolinvestor > 2016-03-29 15:43 | Report Abuse
that being said even if the QA did go thru and being approved. we can still buy back shares warrants later tho the gains will not be that high.
this is more sensible for me.
cheers