But isn't the company needs to be disbanded if this QA doesn't go through? And my understanding is that you couldn't convert the WA anymore... SO WHY AND WHO ARE THESE PEOPLE who's on buying spree?
Goes to Show how little the MD and The Board knows about the Oil Industry (errr... lets go get another oilfield in 3 months).
They think buying oilfield is like buying kasut!!
It takes a lot of study and evaluation before deciding on buying an existing oilfield especially when you are competing against old hands in the oil industry (not like those alibaba armchair fellers in Petronas ..Even THEY have not managed to take over ANY oilfields belonging to others!).
Face it Hamdan you lot have failed...give back investor's money that you have used to pay for your big fat salaries.
those who buy the warrants at 0.5sen 1sen today just hoping a miracle going to happen in the last 3 months of Sona. PUNTING. GAMBLING. whatever u call it.
The whole things looks to me is like a big setup, creating chaos to WA holders so that they can accumulate WA shares at cheap price (0.5c to 1c). Every motive behind should be for money making so the only way they want to profit from WA is to push it up above 1c. How they gonna do that? Either by toilet paper (sorry i mean cash paper) or by announcing a new round of QA?
stubborn.....nak mampus pun masih berharap...some of you buy shares just to lose money.....pity .....advice after device.....finally got buried........game is over for SPAC in Malaysia....SC wont approve any more new spac......
Due to all the happenings, facts, numbers, share movement, I have been consistently to ask cautious on warrant holders (Sell half to reduce risk of bust).
You guys keep talking cock on saying goreng, miracle, blablabla...
After today, Results out, 77% VOTED NO.
Can't believe there r still people shouting miracle coming soon.
Look, if miracally SONA found a superb ASSET in 3 months, first they need SC approval, second they need Shareholder approval. History tell us: 1) CLIQ fail in SC Approval 2) SONA fail today in shareholder vote, landslide defeat.
Are you going to put your hard earn money here? I have ask you to JUMP over the fire many times. Good luck if you want to walk into the fire and get burnt.
Stag must be laughing at us for not locking a deal that is so cheap. Knowing the fact, Sona should really revisit their strategy to save this company because they are dealing with yield investors.
Instead of leaving the decision hanging, I have been saying many times that the stock price should be at least 0.485. Than the yield investor will sell out and than the directors should have gotten their friends to buy or at least the long term investors could have bought up all the shares. It does not make sense for yield investor not to sell at say 0.495 but wait for the 0.485. Told you ppl so many times! You may be good in your field of oil and gas but to lose the company you need to restore confidence via your stock price. Well, too bad Sona management and directors, instead of opening champagne and making it big for your many generations to come, you just lost all your hard work and all gone down the drain
The management can come up with brilliant ideas of capital repAyment but they all can't individually buy some shares or via proxy to support the stock price. Anything above 0.485 would have been a better idea than your 8 cents repayment. Well, penny wise pound foolish. Now you lose everything. If the QA was approved today, the board of directors would have been millions richer, fame and power. But all of you chose not to walk the talk and showed confidence in you stock price! Don't blame the shareholders, time to reflect on yourseld Sona management. Stock price does tell a lot about the company.
That's why penny wise pound foolish! If they had bought in the open mkt than their average would still be lower than all of us and the chances of QA approved would be very much higher, and they would be making millions and opening champagne tonight
now those vote no also stuck. . need to wait july and another 6 month.. winding up by court order or sec 308 (4) ssm.. will take 6 month.. I have experience work part of liquidation company.
Or at least get some proxy to support the price la. I am sure of the stock was above 0.485, many ppl in this forum won't be attending and the yield investors also happy to sell.
I was wondering why din they buy from open market and support the price, now I understand the reason. They are not stupid as what we think of them, they might know very early that majority of the shareholders would vote for NO, so they might have to buy until 70% then only the share price could maintain at 48 sen.
They don't have to buy it themselves, they could have gotten some serious investor. Anyway, too late for anything. Better to enjoy cold sky juice tonight rather than champagne and cigar
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Posted by sudahkena > 2016-04-26 17:01 | Report Abuse
do u think big money so stupid buy toilet paper??? they have a plan and maybe know something.