SONA PETROLEUM BERHAD

KLSE (MYR): SONA (5241)

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Last Price

0.475

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


37 people like this.

21,560 comment(s). Last comment by beatme 2018-04-30 11:12

speakup

26,816 posts

Posted by speakup > 2016-04-25 16:55 | Report Abuse

dont hope.
it will pass.
look at the price movement today.

speakup

26,816 posts

Posted by speakup > 2016-04-25 16:56 | Report Abuse

so obvious from price movement today -> QA high chance will pass

meegoreng

70 posts

Posted by meegoreng > 2016-04-25 16:59 | Report Abuse

No flushing of WA at this last hour. Good sign?

speakup

26,816 posts

Posted by speakup > 2016-04-25 17:01 | Report Abuse

speakup no hold any Sona mother or warrants, so speakup can see more objectively, no bias. price movement tells me ......QA high chance approved

Old90

686 posts

Posted by Old90 > 2016-04-25 17:01 | Report Abuse

QA high chance to be approve, no worry.

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-25 17:04 | Report Abuse

today n last friday wa volume ...will become toilet paper if fail.....huh ... really betting

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-25 17:05 | Report Abuse

mgt will loss a few million if fail..they will work hard n I camnot sleep tonight. ..

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-25 17:06 | Report Abuse

ths time ..all shareholder have power...... good luck tomorrow. .see u all there.

rohank71

909 posts

Posted by rohank71 > 2016-04-25 17:08 | Report Abuse

Mgmt has taken 55 million from shareholders hoping to make 200 million.
If the fail they will look like a bunch of clowns.

DRwarrant

8,354 posts

Posted by DRwarrant > 2016-04-25 17:12 | Report Abuse

BE GREEEEEEEEEEEEEEEEEDY >> SURE jackpot $$$$$

aceso

903 posts

Posted by aceso > 2016-04-25 17:23 | Report Abuse

im betting for QA to be approved. lol we shall see how tomorrow.... GOOD LUCK EVERYONE.. expected jump in price for Sona and warrant if QA approved? any idea?

Posted by familybusiness > 2016-04-25 17:24 | Report Abuse

a lot of people will jump if not approve...someone say lose a car or condo..others may lose their whole life saving.

Posted by WarenBufet > 2016-04-25 17:30 | Report Abuse

Based on independent research houses' findings that in the event of Sona's QA is APPROVED, Sona share price should potentially increase towards their respective target prices which are much higher than the 90% cashback
Therefore, it would indeed be in the common interest of every shareholder (with their respective strategies) to vote to ensure that the QA is APPROVED at tomorrow's EGM

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-25 17:31 | Report Abuse

still have time to sell tomorrow morning

bryan90

288 posts

Posted by bryan90 > 2016-04-25 17:47 | Report Abuse

I think they play pattern say will loss car or condo.
finally objectives is want the qa will pass.

T1T4N

270 posts

Posted by T1T4N > 2016-04-25 17:55 | Report Abuse

I hope you all know that
Sona Management (WHO WANTS THE QA TO DEFINITELY PASS) holds 20% shares ARE NOT ELIGBLE TO VOTE.

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-25 18:07 | Report Abuse

yup. everyone want it pass either vote yess or no..if not will cry together. ..

Posted by WarenBufet > 2016-04-25 18:09 | Report Abuse

To ensure that the QA is APPROVED, according to Sona's circular:
"The proposed QA is subject to prior approval by a majority in the number of shareholders representing at least 75% of the total value of the issued shares held by those present and voting at the extraordinary general meeting."

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-25 18:13 | Report Abuse

they still have until July. . if fail..then after that they will appoint liquidator. . may take another 6 month

callme777

1,586 posts

Posted by callme777 > 2016-04-25 18:28 | Report Abuse

Do we still get interest during liquidation stage?

cruise

86 posts

Posted by cruise > 2016-04-25 19:17 | Report Abuse

no worry, whatever happen will happen
wait for the egm result
i am voting yes

bryan90

288 posts

Posted by bryan90 > 2016-04-25 19:23 | Report Abuse

Good
we r voted yes

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-25 19:30 | Report Abuse

I also ..go for Yess

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-25 19:53 | Report Abuse

but my feelings not good. .want to cry..it is I will loss money tomorrow?

cruise

86 posts

Posted by cruise > 2016-04-25 20:27 | Report Abuse

dont worry too much
the founders are more worry than us ikan bilis
they had 2nd chance and one month to plan and strategies this egm result
wait for egm
cheers

Posted by WarenBufet > 2016-04-25 20:42 | Report Abuse

The APPROVAL of the QA will allow every investor the opportunity to apply their respective investment strategies with positive results.

Therefore, the Best outcome of tomorrow's EGM is for the APPROVAL of the QA, as it will be a WIN-WIN situation for all shareholders (Institutional, Corporate & Retail).

nypd8845

37 posts

Posted by nypd8845 > 2016-04-25 20:53 | Report Abuse

what tie egm ?

nypd8845

37 posts

Posted by nypd8845 > 2016-04-25 20:53 | Report Abuse

time

rohank71

909 posts

Posted by rohank71 > 2016-04-25 20:59 | Report Abuse

Why will shareholders want to vote NO when all analyst say price will go up after the QA?
First time i see shareholder wanting to reject.
Also why nobody want to buy if price can go up after QA
Am i missing something.

Posted by investing101 > 2016-04-25 21:48 | Report Abuse

PAG owns about 16% of total shares. As the management's block of 20% is ineligible to vote, it means their 16% is closer to about 21% of the votes. If another 4.1% vote no, then the QA is dead.

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-25 21:55 | Report Abuse

we need their support ....

Vjean

35 posts

Posted by Vjean > 2016-04-25 22:25 | Report Abuse

Until now, we wont know the vote of PAG, if PAG vote YES, we got hope already, see you everybody, vote YES and we cheer together to celebrate the PASS!

lly316

159 posts

Posted by lly316 > 2016-04-25 23:56 | Report Abuse

Can anyone help to update the progress/news of tomorrow's egm here? Thanksss ;)

cruise

86 posts

Posted by cruise > 2016-04-26 06:54 | Report Abuse

see u guys at egm
cheers

hpcp

450 posts

Posted by hpcp > 2016-04-26 07:19 | Report Abuse

Read this and you will see Pacific Alliance will vote NO http://pax-fund.com/about-us/

Posted by WarenBufet > 2016-04-26 07:44 | Report Abuse

From my earlier comments, the 75% of shares to APPROVE is determined from other than Sona's management shareholders who are present at the EGM today at 10am Grand Hyatt KL..So it does not matter that Sona's management is not eligible to vote

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-26 07:56 | Report Abuse

Morning. .Dday.... will know our fate..win big or nothing

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-26 08:06 | Report Abuse

mgt confident pass vs pac

bryan90

288 posts

Posted by bryan90 > 2016-04-26 08:27 | Report Abuse

Voted yes

charlie82

350 posts

Posted by charlie82 > 2016-04-26 08:29 | Report Abuse

just sharing what I read in the bursa announcement pages regarding voting rights of PAG and CS

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=72224&name=EA_GA_ATTACHMENTS

rohank71

909 posts

Posted by rohank71 > 2016-04-26 08:49 | Report Abuse

Good luck Sona

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-26 08:50 | Report Abuse

already at hotel

Posted by familybusiness > 2016-04-26 08:52 | Report Abuse

go go.. when can announce the vote result??>

speakup

26,816 posts

Posted by speakup > 2016-04-26 09:07 | Report Abuse

just look at price movement will know the results, if
mother down, warrant up = QA pass
mother up, warrant down = QA fail

speakup

26,816 posts

Posted by speakup > 2016-04-26 09:11 | Report Abuse

right now, u see mother maybe falling while warrant holding, means QA likely pass.

fauzan

378 posts

Posted by fauzan > 2016-04-26 09:27 | Report Abuse

we need miracle today.. hihi

MG11

30 posts

Posted by MG11 > 2016-04-26 09:35 | Report Abuse

Never underestimate Sona Management

Posted by Beginner2016 > 2016-04-26 09:41 | Report Abuse

Please update the live status

hankc

182 posts

Posted by hankc > 2016-04-26 09:44 | Report Abuse

This is a done deal, folks, so is Reach. Sit tight and have your cigar ready.

MrPauper

1,031 posts

Posted by MrPauper > 2016-04-26 09:48 | Report Abuse

Something is not right actually. If you observe closely, the warrants are disposed in an organised manner to the queue by public at 0.30 since yesterday. Should anything go wrong, you would see the supporting queue at 0.30 and below all vanished in a blink, leaving the small potatoes grasping for air.

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