Posted by stockraider > 2016-04-03 10:27 |

Post removed.Why?

Posted by hpcp > 2016-04-03 11:12 | Report Abuse

ktsk88, can you give any example of company revising its exercise price?

Posted by Kareemabduljabbar > 2016-04-03 15:50 | Report Abuse

Kita bedoa agar sona management berjaya melaksanakan QA. Terlebih dahulu saham mesti melampau 55 Sen.

Posted by ruslimz > 2016-04-03 16:31 | Report Abuse

adjourning the meeting is only like putting an oxygen mask to a dying sick person. CS and PAG are hedge fund which their main play is to adopt arbitrage strategy to their invesments. They had invested in SPACs introduced in other countries before and adopted the same arbitrage strategy and been successful. Finally all those SPACs failed to gain QA. So when malaysia open the gate by also introducing SPACs, this hedge fund rushed to malaysia investing heavily in our spac qliq, sona ,reach and later on for sure they will go for rsena. All for arbitrage. CR won't change their strategy. They still will vote NO and sona's QA will still fail. SC will no more approve new spac after this, and finally spac in malaysia would face the same fate as spacs in other places.... this is only a my one sen opinion, but I believe some of you are fighting a losing battle.......but maybe......

Posted by ruslimz > 2016-04-03 16:38 | Report Abuse

55 sen ??????? ini angan angan pak pandir saja,......

Posted by karyzme > 2016-04-03 21:10 | Report Abuse

if CS and PAG collect the warrant now...they gonna make a bunch if they support the QA. A lot higher yield for them, no? Nice to be in their position- in control of their own return

Posted by xiongyan > 2016-04-03 21:26 | Report Abuse

Good point...they will....dont miss the boat next week..

Posted by xiongyan > 2016-04-03 21:32 | Report Abuse

Cs and pag buy the sona stock ,just wait this time,control the sona fate....next week cs and pag will buy in sona wa ....

Posted by xiongyan > 2016-04-03 21:33 | Report Abuse

Very clever cs and pag.

Posted by xiongyan > 2016-04-03 21:45 | Report Abuse

All is control by cs pag..... buy in more sona then wait the meeting suggest exten..the deal with sona management...... earn the big big money at sona and sona wa....coz their know what condision thier suggest ..sona management just can be accept....

Posted by Bull13 > 2016-04-04 00:04 | Report Abuse

The authorities should do something on the SPACs loophole which they didn't foresee when approving SPACs. They are at the mercy Of the shareholders. They should grant a waiver of the 75% Shareholders approval.

Posted by Brutus121 > 2016-04-04 08:18 | Report Abuse

This Sona Deal with Stag will go the Same way as Hibiscus deal with 3D Oil on West Seahorse ....KIVd...

These fields are so small they will end up KIV for a long time. Sona just made the deal to buy more time for themselves until they get their act together!

In the meantime, Sona Shareholders will end up in the Twilight Zone like Hibiscus shareholders

So You think Those Foreign Hedge Funds are so stupid they cannot see that?!!

Posted by callme777 > 2016-04-04 08:38 | Report Abuse

Stock price must be above 0.485 to stand any chance of a successful QA.

Posted by akhan1717 > 2016-04-04 09:24 | Report Abuse

goodday guys...i agree with Bull13 statement....sc shud hv a waiver on the 75% shareholders vote..as the management knows best as far as operations is concern and what is the outcome from it...so a 75% shareholders approval is a bit too much whereby it can be manupelated.
Maybe a 50% say by shareholders is sufficient.,,,

Posted by Bull13 > 2016-04-04 09:52 | Report Abuse

Yes. Since SC has approved the QA, it would be a slap in the face if the Shareholders reject it. From doing serious business to become a game of numbers. Seriously they should apply for a waiver or at least change the vote to a simple majority.

Posted by coolinvestor > 2016-04-04 12:11 | Report Abuse

u cant really change the rules of the game once you are listed in any stock exchange. this is naive thinking.

the only thing left is to see what new sweeteners the management has to offer. i am sure its gonna be pretty sweet...as i am also sure lots of ppl has already sounded out their worries/ideas/suggestions to the management at the last egm.

unfortunately every investor is different and their goals are also different. we will just have to wait n see. all other things are wishful thinking indeed.....

Posted by Yunus > 2016-04-04 12:11 | Report Abuse

I too agree that SC should provide a waiver to the 75% shareholders approval so that SPACs see "the light of day" as investment vehicles rather than one to go in for short term yield gains or to make "quick killings". Over to you SC !

Where is the MSWG in all these...looks like they could not care less (??) . If they do what is their position on this and can they provide an explanation as to why they were not at the last EGM which was a crucial time for shareholders , immaterial whether they were for or against the QA

Posted by Wong Heam Kiew > 2016-04-04 13:08 | Report Abuse

No need to do so much thing, the promoter / management just need to take out money from their own pockets and buy SONA shares from open market. QA will definitely get thru when the price go higher than the cash value of the trust account.

They can talk until no more saliva, but it is still difficult to get 75% YES if you yourselves dont want to risk your own money.

Posted by Na Zhou > 2016-04-04 13:30 | Report Abuse

if use the"capital repayment" 80m, to buy and push up the sona price?

Posted by T1T4N > 2016-04-04 13:37 | Report Abuse

Sulk it up guys.
Market is open, CS and PAG used real money to buy the shares, they are LEGITIMATELY & LEGALLY to vote NO with their holdings.
So, don't daydream that SC will change rules.
Good luck for warrant holders.
Mother share holders, I think you are on neutral seats.

Posted by xiongyan > 2016-04-04 14:40 | Report Abuse

If qa sure fail like you say,now sona warrant price is 0.005.......not 0.045...

Posted by ruslimz > 2016-04-04 15:12 | Report Abuse

if QA sure will succeed warrants price should have gone up to 10 sen , not 4.5 sen as it is now......

Posted by T1T4N > 2016-04-04 15:14 | Report Abuse

Nothing is for sure, the risk is huge. There are always people who like to take risk.
As some of you suggest, CS and PAG might change their mind.

Posted by T1T4N > 2016-04-04 15:20 | Report Abuse

Just words for brothers at this forum, why do you want to risk your money on a 4 sen stock that would go BUST (0 value), while there are plenty of stocks in BURSA?
Although your gain of Jackpot is 100% profit, there are still a lot of penny stocks out there that might get u 100% gain without the chance of getting BUST (0 value).

Think twice.

Posted by T1T4N > 2016-04-04 15:24 | Report Abuse

Those who have warrants on hand.
Its your choice to gamble.

Posted by T1T4N > 2016-04-04 15:28 | Report Abuse

*Disclaimer: I have rm50k of Sona Mother shares, bought at 50sens. :-(
Hoping for a QA too in order to have hope to breakeven, but after personally attending the DRAMATIC AGM, I can sense things are heading to a FAIL QA.
Good luck guys

Posted by ruslimz > 2016-04-04 15:37 | Report Abuse

T1T4N.......are you previously TLTAN.........

Posted by Vjean > 2016-04-04 15:38 | Report Abuse

nobody can know the answer until the next meeting, anything can happen, buying warrant is just like put on a bet now, either you gain 100%, or total lose, you dare or not only.

Posted by ruslimz > 2016-04-04 15:39 | Report Abuse

agreed.....some of us are fighting a losing battle.......

Posted by speakup > 2016-04-04 15:45 | Report Abuse

i like TLTAN. because of him, i made RM40k profit from Sona.

Posted by speakup > 2016-04-04 15:45 | Report Abuse

TLTAN, TERIMA KASIH!

Posted by cashflow > 2016-04-04 15:51 | Report Abuse

It will be a volatile week ahead for warrant

Posted by YC_Ma > 2016-04-04 16:57 | Report Abuse

Buy after qa approve

Posted by sonapetroleum > 2016-04-04 18:18 | Report Abuse

Dear all, we would like to share with you The Star's and The Edge's stories on Sona Petroleum:

1. http://www.thestar.com.my/business/business-news/2016/04/02/spactacular-no-more/
2. http://www.nama.com.my/PRINT_NEWS/2016/04/04/20160404_N60_EDG_CR_26_FC_THE~LURE~OF~SONAS~CAPITAL~REPAYMENT.JPG

Do let us know if you've any questions. Thank you!

Posted by stockmanmy > 2016-04-04 18:23 | Report Abuse

why you telling us that?

you want us to vote No?

Posted by stockmanmy > 2016-04-04 18:25 | Report Abuse

sona..................

CS and PA are also in Reach and Cliq and Sona.

looks like you all sure finished already lo.

Posted by xiongyan > 2016-04-04 19:13 | Report Abuse

Nobody know the result now, all sona warrant holder also know just like glambing........ but lose 4 cent qa reject, win 7 or more than 7cent qa pass....... ok maa. Why cant betting qa pass ??

Posted by Kareemabduljabbar > 2016-04-04 19:32 | Report Abuse

Sending around newspaper articles in these days of smart phones and instant global 24 hour connectivity, whilst appreciated, is hardly a value added activity. Better for management to spend all their time trying to convince heavyweight investors as to the value of the deal and get them to buy the stock. This will allow the yield investors to exit and deal succeed. Right now, more than 50 pct vote no. The egm was good to meet people who quietly quietly hold 10-20 million and vote no. Several Datuks. Since this is price sensitive information i.e. The number of proxy votes who voted no, the board is obliged under law to disclose this. Immediately.

Posted by xiongyan > 2016-04-04 19:36 | Report Abuse

Since SC approve the qa.......
...nothing can stop QA go gogo.... include the Cs and pag.

Posted by ruslimz > 2016-04-04 19:38 | Report Abuse

false hope....

Posted by Kareemabduljabbar > 2016-04-04 19:42 | Report Abuse

Vote yes. Kalau tak jadi macam ni. http://www.thestar.com.my/business/business-news/2016/04/04/cliq-energy-appoints-crowe-horwarth-for-preliquidation-services/

Posted by xiongyan > 2016-04-04 19:48 | Report Abuse

Qa fail sona finish..If u the sona management, what u will do now...... u will give other end your sona life????

Posted by xiongyan > 2016-04-04 19:53 | Report Abuse

Boast sacrifice everything just made the qa pass..they will...

Posted by xiongyan > 2016-04-04 19:54 | Report Abuse

Only that just can continue.....

Posted by ruslimz > 2016-04-04 21:37 | Report Abuse

Qliq sulah habis, next is sona, next is reach, next is red sena......until all spacs sulah habis.......

Posted by ruslimz > 2016-04-04 21:41 | Report Abuse

Lepas itu CS sama PAG pack the bags full with cash balik kampung......

Posted by ruslimz > 2016-04-04 21:43 | Report Abuse

switzerland.......

Posted by Brutus121 > 2016-04-05 07:55 | Report Abuse

Every risk analyst will tell you that majority of investors will play it safe and opt for "money in the hand" option. It means that they don't mind receiving less rather than risk losing in the longer term.

Posted by coolinvestor > 2016-04-05 12:16 | Report Abuse

hmm seems all are interested in condemning everything and anything.

i guess everybody thinks that they know best and are the best analyst without ANYTHING to back it up. not unlike the proper sifus like icon/kcchong etc

i3 is really turning into a pasar malam joke ....unfortunately.

again rules cant be changed once listed. dun be naive.

management should know what to do now. lets just sit back n see what they CAN do.

nothing is cast in stone.

lots of companies trade below nta, above nta etc
enron/transmile can show u good results yet still fail
FGV have lots of cash yet share price drops...
emotions can run crazy due to ringgit going up/down
look at exports stocks lol...like a yoyo following ringgit up n down...no logic at all

if u are so uncomfortable in sona/spacs...why stay here / just go.

funny thing is even the pasar malam hawker thinks they knows best n above even the management. no need to follow SC laws...just follow pasar malam laws...aduh..

i rest my case. good day

Posted by speakup > 2016-04-05 12:21 | Report Abuse

yes lor i3 is turning into pasar malam :-)