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?
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
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."
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
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).
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.
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.
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!
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
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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Posted by speakup > 2016-04-25 16:55 | Report Abuse
dont hope.
it will pass.
look at the price movement today.