Posted by DON_JUAN > 2016-05-01 14:08 | Report Abuse

SONA-WA NOW HISTORY - gone case !

Posted by meegoreng > 2016-05-01 14:50 | Report Abuse

Let's learn from the "history" ~ http://www.kinibiz.com/story/issues/180185/sona-sees-opportunities-from-falling-prices.html

Posted by sudahkena > 2016-05-01 16:40 | Report Abuse

tuesday can know either still have hope with stag... I guess this time... No more extension of time...then dead.

Posted by nekosan > 2016-05-01 16:42 | Report Abuse

Very obvious the 77% want to take back capital

Posted by meegoreng > 2016-05-01 16:51 | Report Abuse

May be, this best describes the scenario
http://www.thestar.com.my/business/business-news/2016/04/30/getting-smoked-sona-warrant-punters-delight-the-return-and-exit-of-tanah-makmur-climate-change/

Posted by Wong Heam Kiew > 2016-05-01 18:53 | Report Abuse

I think from now onward, almost all SPACs will have the same fate, that all their QA will fail.

The reason is simple, once the QA passed, the company net value will be diluted by the management/promoters' free shares. Unless the management can find a QA that its fair value is 25% higher than the purchase price.

Posted by DON_JUAN > 2016-05-02 11:49 | Report Abuse

even now SPAC RED SENA-WA to DIE STANDINGG too...like SONA-WA !!

Posted by DON_JUAN > 2016-05-03 11:07 | Report Abuse

BOOOOOOOOOOOOOOOOOOOOOO CHOWWWWWW CCCCCCCCCCCCCCCCCCCCC
MUST RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN !

Posted by sudahkena > 2016-05-03 11:12 | Report Abuse

still want buy toilet paper at 0.005..later no buyer...

Posted by phlau09 > 2016-05-03 11:57 | Report Abuse

Wong HK, in order for spac to survive, I think the promoter/management should be like a broker/fund managers/consultants (albeit salary and expenses already been paid), entitle only to 3-5% free ownership lah. In a effective market, the share price after successful QA would drop 20% (if promoter gets 20% free ownership), I might as well buy the shares after QA rather than buying at 20% more expensive price before QA, assuming that the proposed QA is a superb asset.

Posted by rohank71 > 2016-05-03 14:12 | Report Abuse

only 3 comments today. why so quiet?

Posted by coolinvestor > 2016-05-03 14:17 | Report Abuse

becoz this company is already a gone case.

Posted by ruslimz > 2016-05-03 14:26 | Report Abuse

please be realistic laaa.....spac in this bolehlah is already dead lah......

Posted by harta999 > 2016-05-03 15:52 | Report Abuse

0.005 buyer gone...

Posted by jasonor > 2016-05-03 16:00 | Report Abuse

bungkus liao lah... contra kaki buy 0.005 managed to sell 0.010 earn 100%. but those unable to sell loss 100%. lol

Posted by pendekarbujang > 2016-05-03 16:08 | Report Abuse

bye-bye sona..no more buyer

Posted by Old90 > 2016-05-03 16:13 | Report Abuse

Nope, there is still plp buy at Sell Q there, I guess they are betting, as it is cheap. But in the fact now, really a gone case, except there is a miracle happen.

Posted by DON_JUAN > 2016-05-03 16:23 | Report Abuse

DIED STANDINGGGG.......the END !

Posted by familybusiness > 2016-05-03 16:24 | Report Abuse

bought at 0.335 wa and sell at 0.005.....lose die hard but no choose..

Posted by Old90 > 2016-05-03 16:30 | Report Abuse

familybusiness, Good stag oilfield deal and crude oil recover also no use. Now, most of the investor not look on long term wise, but take on secure earning and the more fast you earn the best method in trading. Good luck in your next trading.

Posted by jasonor > 2016-05-03 16:33 | Report Abuse

on the bight side, u still gt money left to buy toilet paper. hhaha

Posted by Old90 > 2016-05-03 16:34 | Report Abuse

jasonor, plp aldy hurt, don't put on salt on others plp wound. Thanks.

Posted by DON_JUAN > 2016-05-03 16:38 | Report Abuse

condolense to family business.....bang your head to coconut tree 3 X ( please BANGG it softly to avoid injury ) !...as a lesson to you

Posted by sudahkena > 2016-05-03 16:38 | Report Abuse

today will announce.. agreement with stag terminated. . I guess...

Posted by sudahkena > 2016-05-03 16:39 | Report Abuse

no more extension date...... n some one will buy stag

Posted by Old90 > 2016-05-03 16:39 | Report Abuse

DON_JUAN, same goes to you. You can said anythings bad about Sona, but not to the people who bought Sona Wa. Thanks.

Posted by DON_JUAN > 2016-05-03 16:42 | Report Abuse

THE END SONA-WA ......sobb sobbb.....!
Next ? Reach-wa , oso RED SENA-WA !

Posted by sudahkena > 2016-05-03 16:43 | Report Abuse

sona mgt.. better cameout with option.. if not at agm confirm kne tembak... sudah mau tutup kedai still waste money...

Posted by Old90 > 2016-05-03 16:46 | Report Abuse

Yeap, agree with sudahkena, for sona case, no news is bad news. The deadline until end of July.

Posted by rohank71 > 2016-05-03 16:48 | Report Abuse

does it mean the liquidation can happen sooner if STAG aborted today?

Posted by mamajeru > 2016-05-03 16:51 | Report Abuse

kena teruk this counter . Still holding 1 mil warrants , macam no feel lose this money or not .

Im wondering how much warrant these management are holding ..

Posted by jasonor > 2016-05-03 16:57 | Report Abuse

u think credit suisse interested with QA? they only buy stakes in sona/cliq for the interest purposes only la.. like fd. come vote time they vote no, get bck money + interest.

Posted by mamajeru > 2016-05-03 16:58 | Report Abuse

rohank71 , i view the liquidiation wouldnt take place until next year july .

Money is stuck till next year , so that why im surprise that the qa didnt go through .

And weirdly , the mother share price remain at the same point . Hurrm HURMM HURMMM HURMM , i think sona management is up to no good .

Posted by meegoreng > 2016-05-03 17:01 | Report Abuse

PAG & CS have0 been buying from time to time for a long time. U mean Sona directors are sleeping all this while without knowing that they r arbitrage investors???

Posted by sudahkena > 2016-05-03 17:18 | Report Abuse

those holding fr ipo... will not have loss too much.

Posted by T1T4N > 2016-05-03 17:22 | Report Abuse

10% guaranteed yield better than 100% loss risk.
Too bad for believers of warrants.

Posted by rohank71 > 2016-05-03 17:27 | Report Abuse

mamajeru, why u say next year July. I though they say the SPAC expire in July this year.

Posted by Kareemabduljabbar > 2016-05-03 18:12 | Report Abuse

Please dont talk nonsense lah. If company is not insolvent and no lawsuits, liquidation is very very fast. The Board has a huge responsibility here and bear a lot of risk, especially the Independent Directors.

Posted by rohank71 > 2016-05-03 18:24 | Report Abuse

Karem, how much can shareholders get when they liquidate? the trust money is 48 sen in Feb 2016.
How much does it cost to do the liquidation.

Posted by mamajeru > 2016-05-03 18:32 | Report Abuse

kareemabduljabbar , perhaps i understood the term shit , because they clearly didnt indicate when the liquidation will take place .

One thing for sure , they will complete the one period prior distributing to shareholders which i expect somewhere july next year .

Chapter 10 will be only filed this july 30th , and from there on it will take sometime for liquidation .

anyway , im didnt bother finding the source to justify my claims , cos i fucking lost so much on this counter . If u wish to believe immediate than it is immediate i dont give a damn . LOST A BLOODY CONDO !

Posted by mamajeru > 2016-05-03 18:35 | Report Abuse

i meant misunderstood the term sheet *

Posted by DON_JUAN > 2016-05-03 18:40 | Report Abuse

the last SPAC IPO is red sena. ( Roti Spac ) ( SURE TRAP one ) ...! after this no body want to buy SPAC IPO ...

For Reach -WA - BETTER RUNNNNNNNNNNNNNNNNNN NOW b4 it's too late !
To RED SENA-WA , sell now before it's over ....

Posted by rohank71 > 2016-05-03 18:51 | Report Abuse

Thank you Mamajeru for your explanation, am sorry to hear about the losses but I hope if you do not have much information on liquidation process you should not miss lead others, we do not one others to lose money from half baked opinion..

We want to hear educated opinions from people who know the process. I was also told SPAC liquidation is different as the trust money is not part of the capital (in audited accounts its a liability and not capital) so doesn't require court process to pay out. Can anyone confirm.

Posted by sudahkena > 2016-05-03 19:10 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5083665

Posted by sudahkena > 2016-05-03 19:10 | Report Abuse

still want fight???????

Posted by Kareemabduljabbar > 2016-05-03 19:55 | Report Abuse

The board members should be sued. Instead of admitting they cant get shareholder approval and have FAILED, they simply delaying another 3 months so that Management can draw salaries and Board can get directors fees.

Posted by dragonfruits > 2016-05-03 20:00 | Report Abuse

Delay another 3 months?what drama they going to tayang?

Posted by rohank71 > 2016-05-03 20:01 | Report Abuse

so no abort STAG deal yet. Warrants still got hope.

Posted by sudahkena > 2016-05-03 20:04 | Report Abuse

if the reward 20% stake...do you just ignore ??

Posted by callme777 > 2016-05-03 20:58 | Report Abuse

You still need court order for winding up