Posted by xiongyan > 2016-04-14 21:15 | Report Abuse

After opce oil will break 45 ...straigh go ahead 50 more..

Posted by xiongyan > 2016-04-14 21:16 | Report Abuse

Confident about sona managment,all is under control....... qa will pass

Posted by xiongyan > 2016-04-14 21:22 | Report Abuse

Last cs aslo noting can do, just follow the team...... all win...

Posted by xiongyan > 2016-04-14 21:22 | Report Abuse

Like that is good...

Posted by investing101 > 2016-04-14 23:08 | Report Abuse

Pass pass pass

Posted by cruise > 2016-04-15 07:53 | Report Abuse

CS owned 0%, buy on behalf of clients PAG
PAG owned 15%++ direct & indirect

pls read read

Posted by pandakun99 > 2016-04-15 08:42 | Report Abuse

what to read, its so clear already, you dont need to do the math when the obvious is just in just in front of you, no hope this one counter, give up already, too much speculation only gimmic made by ppl who stuck with this counter , funny

Posted by sudahkena > 2016-04-15 09:12 | Report Abuse

if vote against, they will purchase back share at wht price? 0.485?? then better I vote against... free money...

Posted by Dogwithabone > 2016-04-15 09:17 | Report Abuse

Can Sona management kindly give us in simple english, combining CS and PAG, exactly how many shares do they have in total? I have read the announcements but it doesn't make things any clearer for me.

Posted by 3iii > 2016-04-15 09:22 | Report Abuse

Those holding Sona should be prepared to reject the QA, unless the management can explain in plain simple English how the new proposals benefit you.

I am a graduate and I have difficulty understanding the proposals. :-)

Posted by lclwyp > 2016-04-15 09:56 | Report Abuse

Sona clarified yesterday that CS is holding shares for PAG but PAG has no voting rights. Anyone knows whether CS is eligible to vote?

Posted by Kareemabduljabbar > 2016-04-15 10:03 | Report Abuse

Sorry, where did SONA clarify this ?

Posted by Kareemabduljabbar > 2016-04-15 10:08 | Report Abuse

Apologies just read the bursa disclosure. Yes, registered holder is CS since they are the broker holding on behalf of the client i.e. PAG. Client gives instructions to CS to vote. Strictly, PAG has no voting system rights since rights remain with the registered shareholder CS, but a beneficiary they will instruct CS to vote. Same same if you Malaysian client holding on margin. Nothing new. VOTE YES?

Posted by Brutus121 > 2016-04-15 11:24 | Report Abuse

Funny Money at Play...
Nothing to do with Sona's Business!!

Posted by coolinvestor > 2016-04-15 11:55 | Report Abuse

ppl just dun read anymore

or just dun understand before jumping into conclusions...sigh

CS holds shares FOR pag. CS is direct shareholder, pag is indirect shareholder. CS CAN vote and pag CANNOT vote. (but since pag is the beneficiary...we assume pag is the BOSS and controls CS to vote)

heres the update:

total indirect sona shares owned by pag = 15.353%
its all held thru 3rd party

CS holds 13.027% for pag(pag is beneficiary)
Deutsche bank holds 2.33% for pag(pag is beneficiary)

HENCE WE ASSUME PAG DECIDES TO VOTE NO(ON A WORST CASE BASIS)
PAG CAN SAY NO RIGHT?

sona shareholders = 100%
minus Platinum Autumn 20%(the management of sona) no right to vote
= left 80% of us holding sona shares to vote.

if pag says no....what is their percentage int his 80% ????
=15.353/80 = 19.2%(still below the 25% rejection criteria)

THATS WHY SONA STILL HAS HOPE LA!!!!

paham kah people

Posted by coolinvestor > 2016-04-15 11:56 | Report Abuse

if pag votes yes....EVEN BETTER LO

Posted by callme777 > 2016-04-15 12:06 | Report Abuse

Come on Sona managememt, show us some confidence and support your share

Posted by coolinvestor > 2016-04-15 12:07 | Report Abuse

callme is right too.

i second his statement

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

now thinking to vote no.... get some cash....plz sona petroleum....up ur share price.....

Posted by luckyoldman > 2016-04-15 12:17 | Report Abuse

We can generally categorize 3 types of Investors in Sona
Investors who only hold warrants :There is no doubt they like the QA to be approved in the forthcoming EGM so that they don't lose all the money invested. However they don't have voting rights.

Investors who hold equal amount of Sona and Sona Warrant. These investors generally like the QA to be approved so that their warrant positions are protected. The chances for them to make money is good if the asset is good and oil recovers going forward.

Investors who only hold Sona Shares. Theses investors know that once the QA is approved, their investments are no more guaranteed and the intrinsic value of their shares will drop immediately from about 48 sen to about 38 sen. At what price Sona shares will be traded immediately after approval is anybody's guess. Capital distribution will only come at a later stage after QA approved.

BOD/Management of Sona keep telling shareholders they are buying the asset at the bottom of the oil cycle and it is a good buy. But behind the back of the prudent Investors, they will wonder if the asset is good, the timing is good, why are the directors not buying the shares from the open market to support Sona and to instill confidence of the Investors in Sona.

If Sona shares are not traded above 48 sen before EGM it is going to be very challenging for the BOD to get the QA approved at the EGM.

Posted by ruslimz > 2016-04-15 12:39 | Report Abuse

all seems to be good.......but not good enough......

Posted by callme777 > 2016-04-15 12:41 | Report Abuse

Dy come so far, support your stock price than we can all have a win win situation

Posted by sudahkena > 2016-04-15 13:08 | Report Abuse

bring new investor like siva in cliq.. tabung haji in reach....

Posted by ruslimz > 2016-04-15 13:11 | Report Abuse

more than 25 % say no, QA failed. 25% here is not base on 80% of total sona shares....it is calculated base on the total voting shares , those who are not voting , their shares will not be counted for in percentage count.....

Posted by ktsk88 > 2016-04-15 13:58 | Report Abuse

Important for all SONA holders of warrants..................confirmation from Sona is if the voting deals for the QA goes through..........all the warrants holders that exercise the warrant into mother shares are entitle for the 8 sen capital return.

Take note.

Posted by stockraider > 2016-04-15 14:29 |

Post removed.Why?

Posted by cruise > 2016-04-15 14:37 | Report Abuse

the forum is more of a joke

1. those who are not shareholders are making more noises than shareholders, LOL

2. CS is not the beneficiary owner, directive come from PA. as simple as you pledged shares to bank, so voting right came from who, you or the bank?? LOL - SRP question, pls

3. Let the shareholders decide on the QA, no need to rerun your rationales, don't be a smart alex

QA will be approved

Posted by Old90 > 2016-04-15 14:39 | Report Abuse

Agree with cruise...+1

Posted by ktsk88 > 2016-04-15 14:47 | Report Abuse

yes cruise.....PAG holding are non voting rights......so yield investors is out of question.

further i have confirmation from Sona that any warrant holders that exercise the warrant to mother after the QA is approved are entitle to the 8 sen capital repayment.

Hopefully this is true.......as at point of writing this, i re send another confirmation email to them.....pending reply.

Posted by Kareemabduljabbar > 2016-04-15 14:51 | Report Abuse

VOTE YES

Posted by sudahkena > 2016-04-15 15:00 | Report Abuse

everything perfect... yield investor also not effect so much... but share price need move above 0.48..

Posted by T1T4N > 2016-04-15 17:28 | Report Abuse

1) Warrant holders are not eligible for 8 sen capital repayment, only mother shares are.
You need to EXERCISE your warrants to Mother share by paying 30sen, then you are holding mother shares which is eligible for capital repayment.
Exercise option is only available IF QA is PASS.


2) Just like any shareholders, PAG is always a LEGITIMATE SHAREHOLDER who can VOTE YES OR NO. Paying multimillions Ringgit, and no right to vote? What a joke from you all.

3) If the mother share is still under distress, I'm sure a lot of major shareholders want the guarantee of 48.5 sen instead of the NON Guarantee float of share price (NTA 38sen).


See you all in Grand Hyatt AGM.

Posted by ab55 > 2016-04-15 18:57 | Report Abuse

Jangan risau, the new deals came out after heavy/long discussions with major shareholders to justify them to vote yes. Now ikan bilis stop merapu, hanya beli beli anak nanti menyesal!

Posted by sudahkena > 2016-04-15 19:02 | Report Abuse

dear sona petroleum


pass the qa give life to wa holder... but up the share price tp 0.485 make everything on the plan..

Posted by n2share > 2016-04-15 19:32 | Report Abuse

Hi all, I am still new in share.... SONA-WA have hope?

Posted by YC_Ma > 2016-04-15 20:39 | Report Abuse

Sure powerful hahahaha

Posted by n2share > 2016-04-15 21:03 | Report Abuse

I bought WA at 0.055
Down down down

Posted by xiongyan > 2016-04-15 21:57 | Report Abuse

Still got one week put up the mother price to48 above.... thats not a problem.... if realy want put up the price... one day enought...

Posted by xiongyan > 2016-04-15 21:58 | Report Abuse

Just be patien wait the show, that a little big problem...

Posted by n2share > 2016-04-15 22:03 | Report Abuse

Sorry what mean by a little big problem?

Posted by xiongyan > 2016-04-15 22:16 | Report Abuse

Not a problem ....... if they want to put.....

Posted by xiongyan > 2016-04-15 22:17 | Report Abuse

They will action next week.... just wait...

Posted by xiongyan > 2016-04-15 22:20 | Report Abuse

If one two day before amg, still no see the mother move, no need to think, just ran as fast as u can...

Posted by xiongyan > 2016-04-15 22:22 | Report Abuse

Now also not a timing to put the mother price.... dont worry la, they will no give sona to close....

Posted by n2share > 2016-04-15 22:35 | Report Abuse

I don't have mother... Only WA...

Posted by n2share > 2016-04-15 22:48 | Report Abuse

In case QA fail, why will happen to WA?

Posted by n2share > 2016-04-15 22:49 | Report Abuse

What**

Posted by T1T4N > 2016-04-15 23:39 | Report Abuse

@n2share, Warrant will become ZERO.

Posted by n2share > 2016-04-16 01:13 | Report Abuse

Just wait...

Posted by Brutus121 > 2016-04-16 08:52 | Report Abuse

Cabut cepat before Armageddon Hits....