Posted by TheContrarian > 2016-05-03 21:15 | Report Abuse

The court order petition for winding up is merely a formality and can be obtained within two months.

Posted by TheContrarian > 2016-05-03 21:24 | Report Abuse

rohank71, if the Company doesn't take the "court route" to petition for winding up, then it MUST convene an EGM to wind up voluntarily. And if the shareholders refuse to vote for winding up then another problem.

Posted by TheContrarian > 2016-05-03 21:25 | Report Abuse

This is the reason why Cliq Energy took the "court route".

Posted by Harvard57 > 2016-05-03 22:34 | Report Abuse

Its shocking to find that still so many gong kao kao ppl here !!!
just re cap my post sent 15 months ago.

Stock: [SONA]: SONA PETROLEUM BERHAD
Nov 7, 2014 03:10 PM | Report Abuse

Avoid ALL oil stocks !!!
listen to me other wise loose money also dont know what happen.
US is going to further press the oil price till ISIS kau tau to them !! you can be great economist or finance expert but when political involve all theory n chart buang longkang.
Young n new players pls do not get too deep involve oil stock as US is at war with ISIS. If ISIS is not destroyed completely, then oil price will never up, it will will keep drifting down n down until all oil exporting countries declare that they against ISIS, that include Malaysia. Actually Petronas is very seriously affected now, i wont be surprise Malaysia will announce sending material support to fight ISIS
After ISIS is wipe off, then you buying spree on oil stocks also not too late...

Posted by T1T4N > 2016-05-03 22:49 | Report Abuse

We refer to the announcements dated 31 March 2016 and 27 April 2016 in relation to the Proposed Acquisition.

On behalf of Sona Petroleum, we wish to announce that the cut-off date to satisfy or waive the Conditions Precedent as stipulated in the SPA occurred on 30 April 2016. Conditions Precedent to the SPA that remained outstanding as at 30 April 2016 were:

(i) the approval of the shareholders of Sona Petroleum to the Proposed Acquisition;

(ii) the execution of the Transitional Services Agreement; and

(iii) the execution of the Dampier Spirit FSO Assignment and Assumption Document.

Sona Australia has notified the Sellers that the outstanding Conditions Precedent to the SPA have not been satisfied by 30 April 2016. The Company will make the appropriate announcements in due course on any material development on the Proposed Acquisition.

Posted by T1T4N > 2016-05-03 22:51 | Report Abuse

No extension.
i,ii,iii all not satisfied.

Deal OFF.

Warrant tmr GG

Posted by T1T4N > 2016-05-03 22:54 | Report Abuse

Nothing to do with liquidation.
Sona has no physical asset to liquidate.

The only asset (accounting terms) is cash.
Which is hold by deustche bank in trust,
No QA 31/7/2016 will trigger disbursement,
Estimate 1-3months get our money.
6 days to disburse to all shareholders after all condition cleared.

Your sue or court order on management wont affect the trust account money

Please read IPO documents.

Posted by DON_JUAN > 2016-05-03 23:28 | Report Abuse

SONA-WA HOLDERS >> , BANNGGG your head to the coconut tree 10 X as a spicy lesson ..
NO BUYER >> HOW to RUNNNNNNNNNNNN
SONA-WA >> DEAD RAT......!

Posted by Angielim9955 > 2016-05-04 01:12 | Report Abuse

DON_JUAN, I heard if sona delisted then we will get back our refund right ?
so why worry ?

Posted by DON_JUAN > 2016-05-04 06:17 | Report Abuse

mother SONA >> sure get back our money - time consuming - next year & costly too ( charges )
anyway at least something $

SONA-WA >> DIED STANDING - condolense - pity !

Posted by harta999 > 2016-05-04 09:35 | Report Abuse

voluntary winding just need 3 months time?

Posted by pandakun99 > 2016-05-04 10:02 | Report Abuse

haha i just laugh at u all, fighting like nonsense , no hope person

Posted by cliqbabi88 > 2016-05-04 10:07 | Report Abuse

Wonder why the SC let this happen. For all the sona director, all the investor will remember them forever ! Who cheat the people hard earn money

Posted by maselankacak > 2016-05-04 10:28 | Report Abuse

132million still queuing to sell sona wa. I find this intriguing.

Posted by meegoreng > 2016-05-04 11:39 | Report Abuse

Toilet paper habis disapu....

Posted by Ant > 2016-05-04 11:40 | Report Abuse

woo..... 0.5c all solow....

Posted by harta999 > 2016-05-04 11:41 | Report Abuse

they knew something????

Posted by DRwarrant > 2016-05-04 11:42 | Report Abuse

SONA-WA JACKPOT ?...
ATTACCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK $$$$$$

Posted by harta999 > 2016-05-04 11:42 | Report Abuse

40m WA just sold....

Posted by DRwarrant > 2016-05-04 11:44 | Report Abuse

FURTHER ATTACCCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK
JACKPOT COMINGGGGGG >> $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Posted by Ant > 2016-05-04 11:45 | Report Abuse

any how better don't touch lah... just enjoy the show...

Posted by sudahkena > 2016-05-04 11:45 | Report Abuse

malaysian.... very rich... tht the word...buy toilet paper 40mill @ 0.005

Posted by sudahkena > 2016-05-04 11:45 | Report Abuse

after 3 month..burn....

Posted by Ant > 2016-05-04 11:54 | Report Abuse

they might just try to clean up their balance....
how... buy 20m ppl follow buy, make fake Q, enough Q buy , then sell....

Posted by DRwarrant > 2016-05-04 11:55 | Report Abuse

Ant >> don't be PONDAN !.....SONA-WA 100 % jackpot waitingg $$$$$

Posted by maselankacak > 2016-05-04 12:02 | Report Abuse

Between sona wa and pondan, i choose pondan.

Pondan can declare berhijrah and become real man. TV and radio will invite to interview = $$

where else sona wa only can used to wipe a$$. Not a good investment

Posted by Ant > 2016-05-04 12:09 | Report Abuse

Hero always die at the beach.

Posted by DRwarrant > 2016-05-04 12:31 | Report Abuse

optimist there is hidden jackpot behind sona-wa $$$$$

Posted by pvd_investor > 2016-05-04 13:27 | Report Abuse

aren't you people bored of being negative? Either we take whatever money is left and leave if we find this to be hopeless or be hopeful till the end and lose or gain based on the outcome....why keep complaining?

Posted by DRwarrant > 2016-05-04 13:37 | Report Abuse

the market sentiment is getting better -
all the best SONA-WA - potential 100 % jackpot $

Posted by rohank71 > 2016-05-04 14:56 | Report Abuse

May be they have a plan.
Give the warrant to shareholders for free on to of the 8 sen
May be shareholder will vote

Posted by pandakun99 > 2016-05-04 15:30 | Report Abuse

dont believe bomoh H (bro H) to ask u to buy stick stock, liar of the decade

Posted by pandakun99 > 2016-05-04 15:30 | Report Abuse

bomoh Husni whatever

Posted by mamajeru > 2016-05-04 16:49 | Report Abuse

when u lose half mil , balance is nothing . Anyway , why isnt the mothershare go up ?

Posted by mamajeru > 2016-05-04 18:25 | Report Abuse

total share : 1,100,000,000
Total money in account as 4th april ~ 540,000,000.00 (should be more )

assuming the money is returned next year , arent they supposed to value at 0.49 now , unless they know the mothershare price will be diluted due to influx from warrant which is only possible if the acquisition went through ?

Posted by ruslimz > 2016-05-04 18:47 | Report Abuse

ada lagi 'if QA went through'......lu datang dari planet mana hahhh...ini planet earth lah.....lu mau pegi planet mana ???????

Posted by sudahkena > 2016-05-04 19:23 | Report Abuse

48mill unit @ rm0.005... only 240k... still not big deal...

if not want taking risk...better sell wa half... still can minum coffee old town ....

Posted by T1T4N > 2016-05-04 19:25 | Report Abuse

Wow, big brother PAG collecting more SONA mother.
10% yield guarantee!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5085065

Posted by T1T4N > 2016-05-04 19:26 | Report Abuse

IPO price for warrants = 0 SENS. GIVEN FREE.
CONDITION = NO QA CANNOT CONVERT BACK TO ZERO.

GO READ THE IPO PROSPECTUS!

NO QA, GONE CASE.

Posted by rohank71 > 2016-05-05 11:03 | Report Abuse

slow slow the warrants building up momentum. STAG may be extended. Deal still alive.

Posted by CikYah > 2016-05-05 11:10 | Report Abuse

Speculative counter.

Posted by harta999 > 2016-05-05 11:25 | Report Abuse

about 20% WA transacted @ 0.005...

Posted by paper123 > 2016-05-05 11:30 | Report Abuse

very sad

Posted by 2016v > 2016-05-05 11:38 | Report Abuse

sound like an obituary column

Posted by T1T4N > 2016-05-05 12:06 | Report Abuse

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

"Sona Australia has notified the Sellers that the outstanding Conditions Precedent to the SPA HAVE NOT BEEN SATISFIED by 30 April 2016. The Company will make the appropriate announcements in due course on any material development on the Proposed Acquisition."

Sona voluntarily notify sellers that they had FAILED.

Posted by harta999 > 2016-05-05 15:12 | Report Abuse

sell....

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

obituary attendees

hart999, titan, papers, ruslim ....

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

If you have something that you desperately needed to get rid of to improve your cashflow, would you seriously exercise your "dateline" restriction on your buyer? The wheel will get rolling in due time.

Posted by DRwarrant > 2016-05-05 17:29 | Report Abuse

BE GREEEEEEEEEEEEDY !! 100 %- 300 % JACKPOT WAITINGGG to MACHO traders

Posted by ruslimz > 2016-05-05 23:28 | Report Abuse

JACPOT waiting or go to HOLELAND .........