Posted by meegoreng > 2016-03-31 09:58 | Report Abuse

Well said yunus!

Posted by rohank71 > 2016-03-31 10:32 | Report Abuse

does anyone know the proxy vote decision?
Did PAG vote YES or NO?
If the management does not offer sweetener to shareholders the deal is gonna and will be dead again.
They have to know that if share price below 49 sen the QA will be dead. All effort must be made to convince investors to buy up the shares to show confidence in the QA. that's the only way to get the QA approved.

Posted by hpcp > 2016-03-31 10:40 | Report Abuse

Didnt see directors buying Sona shares since 2014

Posted by paper123 > 2016-03-31 10:55 |

Post removed.Why?

Posted by mamajeru > 2016-03-31 10:57 | Report Abuse

rohank71 , I cannot be sure , but from my view most are onboard . QA is a go ..

Posted by Ven Felix > 2016-03-31 10:59 | Report Abuse

Gaji buta lagi bagus.

Posted by hpcp > 2016-03-31 11:03 | Report Abuse

The oil price assumptions in arriving at fair value is not conservative

Posted by hpcp > 2016-03-31 11:04 | Report Abuse

Big dilution from warrants as well

Posted by Bull13 > 2016-03-31 11:20 | Report Abuse

If the management can get a cornerstone investor to buy up the shares and maintain above 48s, between now and the next EGM, it will be a win for all. The warrants will naturally catch up until conversion is unprofitable. Then alls well ends well...

Posted by cashflow > 2016-03-31 11:56 | Report Abuse

Warrant cooled off after yesterday rally. Profit taking. It should not press further down because mother is high.

Posted by ruslimz > 2016-03-31 11:56 | Report Abuse

coming second round of voting, a few will change from NO to YES, but I predict majority would not change their NO vote.....coming back to square for next EGM........it will be difficult for YES to win......but if you YESman still want to fight until the last drop of blood...wish you best of luck.......

Posted by Old90 > 2016-03-31 12:08 | Report Abuse

Whether vote Yes or No, wait till the next EGM. You will never ever know, what they are thinking, guessing doesn't help much.

Posted by ruslimz > 2016-03-31 12:33 | Report Abuse

Why you buy the stocks, isn't it because you GUESS that the price will go up.......in stock market everybody is GUESSING ...GUESS correctly make money...otherwise lose money....

Posted by jstockman > 2016-03-31 12:40 | Report Abuse

ruslimz, sometime i don't guess but i follow the crowd. Example today morning I follow the crowd to buy Parkson-CP at 0.095. 30 mins later I sell at 0.160. Good profit hor? I also donno why I buy it but I see everyone buy so i buy loh.

Posted by hpcp > 2016-03-31 12:41 | Report Abuse

cashflow, the price movements of mother share and warrant have decoupled. In fact they go the opposite direction. Mother share price has been inching down while the warrant value is diminishing day by day

Posted by coolinvestor > 2016-03-31 12:50 | Report Abuse

i seriously doubt that the warrant holders will exercise their warrants to become mothershares and get the 7 sens capital repayment.

warrants are normally ONLY traded becoz its dirt cheap and has a lot of upside potential.

exercising warrants to get the capital 7sens is pure nonsense.

dun forget u will need to pay upfront 35sen just to get the 7 sen...which is totally nonsense.

unless some parties would want to privatise or take control of the company then they exersise the warrants to convert into mother shares and then take control.

Posted by cashflow > 2016-03-31 14:45 | Report Abuse

It's a risk appettite, but the warrant appears a good buy based on the EGM notion yesterday.

Posted by YC_Ma > 2016-03-31 15:27 | Report Abuse

RUN RUN RUN

Posted by roflmaocat > 2016-03-31 15:46 | Report Abuse

BUY BUY BUY

Posted by coolinvestor > 2016-03-31 16:03 | Report Abuse

whoa this sounds really good!!

Posted by T1T4N > 2016-03-31 16:51 | Report Abuse

Still waiting for circular to say we are able to "CHANGE VOTES".
Those who VOTE AGAINST are still against at this point of time.

I don't understand what are you all talking on "CHANGING VOTES FROM NO TO YES"
Last I checked, the circular said the proxy votes signed is FINAL and CANNOT BE CHANGED.

If CS and PAG/ or other shareholders who has file in voted "AGAINST", they can't change it (yet).
Let's wait and see what will unfold.

Sorry to say, I think CS and PAG voted AGAINST, if not, management won't freak out to adjourned.

Posted by Old90 > 2016-03-31 16:54 | Report Abuse

Patience wait for the official next announcements.

Posted by jack2 > 2016-03-31 17:10 | Report Abuse

Don't worry, more YES than No

Those who voted NO is going for Yes now with the capital repayment

when the news on capital repayment was announced 3 days before EGM, those pledged to bank cant changed their proxy mandate within short period of time

those who still groaning and moaning over this issue, don't know what to say lar..not happy just sell and solve the problem

Posted by hpcp > 2016-03-31 17:46 | Report Abuse

Hope it go through. Win win situation for everyone, isn't it?

Posted by easymoney > 2016-03-31 20:45 | Report Abuse

An industry player says liquidation of an SPAC is similar to that of any company, which could take six months to two years.

So,those yield seeking if choose to vote no could be the losers if unfortunately have to wait another 2 years to get their money back...and do you think 2 years from now oil price still stay at current low price?

i think they know also...hahaha

Posted by heilong > 2016-03-31 20:55 | Report Abuse

Someone can advise what is the total fund that sona having now?

Posted by heilong > 2016-03-31 22:00 | Report Abuse

More cash is how much ?

Posted by Kareemabduljabbar > 2016-03-31 23:04 | Report Abuse

Any of the board members or management bought any shares in the market recently after the circular came out as a sign of confidence ? Even for a few ten or hundred thousand ? Market is looking for direction and inspiration.

Posted by Desa20201956 > 2016-03-31 23:07 | Report Abuse

Director Saw says he don't know how to play share market. Never bought a single KLSE share. No broking account.

Posted by Desa20201956 > 2016-03-31 23:08 | Report Abuse

no one believe him

Posted by Desa20201956 > 2016-03-31 23:26 | Report Abuse

Director Saw says that in a public seminar. Everybody laughed. No one believes him.

Posted by Desa20201956 > 2016-03-31 23:27 | Report Abuse

very original excuse when asked why directors dont support the share price.

Posted by Desa20201956 > 2016-03-31 23:42 | Report Abuse

Sona has the most beautiful office in KL.

As beautiful as those pearls.

Posted by Desa20201956 > 2016-03-31 23:48 | Report Abuse

a Yes vote means your future is Hibiscus.

Posted by Desa20201956 > 2016-04-01 00:07 | Report Abuse

beautiful pearls must have matching office.
alas, last 3 months.

Posted by Kareemabduljabbar > 2016-04-01 00:36 | Report Abuse

Anyone familiar with corporate law and also the articles of association of this company, can the next egm be adjourned also ? How long can this continue for ? Until end july of course, but seriously. Is the next 30 days make or break ? Thks

Posted by hpcp > 2016-04-01 10:47 | Report Abuse

Forget about capital repayment. PA holds 211m shares. The repurchase for this single shareholder alone is about RM100m. No capital repayment if repurchase is more than RM60m

Posted by coolinvestor > 2016-04-01 12:18 | Report Abuse

lets see how sweet their new deal is.

Posted by cashflow > 2016-04-01 16:36 | Report Abuse

Warrant hovering with constant exchange at this rate. Big money yet to enter

Posted by Brutus121 > 2016-04-01 16:49 | Report Abuse

All these SPACS buying Oil Fields that are nearly past their Economic Limit.

Posted by Na Zhou > 2016-04-01 23:24 | Report Abuse

sure qa pass ........
well done

Posted by Brutus121 > 2016-04-02 07:26 | Report Abuse

Sona should make available to brokers and shareholders the reports by "experts" on this Stag Deal so they can make an educated decision and not guess based on what management says!

Posted by stockraider > 2016-04-02 09:29 |

Post removed.Why?

Posted by ktsk88 > 2016-04-02 09:54 | Report Abuse

The Management should give assurance to the investors that the exercise price of the warrant be amend to 0.20 to 0.25 sen if they voted YES to the QA and also will get a capital repayment of 0.07sen.

Then everyone will starts to rush buying the warrant and at the same time voted YES.

So basically all the deal is in the monies to the holders of mother and warrant.

No ones will ever voted NO..........everyone will be happy.

Posted by Old90 > 2016-04-02 10:50 | Report Abuse

Wait for the official announcements.

Posted by stockraider > 2016-04-02 12:08 |

Post removed.Why?

Posted by heilong > 2016-04-02 17:06 | Report Abuse

Is there another round of vote ? or just announce results?

Posted by speakup > 2016-04-02 22:34 | Report Abuse

In Star newspapers today say hard for Sona to get QA.

Posted by speakup > 2016-04-02 22:37 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/04/02/spactacular-no-more/

Posted by Brutus121 > 2016-04-03 08:21 | Report Abuse

Speculator's Bugaboo Aside....

Senior Management of Sona all former Petronas Staff...

When oil price was about $90/bbl Petronas considered any field able to recover 30 Mill BBls or less to be marginal. Stag has about half of that leftover by Santos (i.e. 16 Mill Bbl). How come these ex Petronas fellers consider the stag field to be viable especially when current oil price is $38/bbl (cf $90)?