Posted by harta999 > 2016-05-06 12:25 | Report Abuse

sell before too late....

Posted by DRwarrant > 2016-05-08 09:58 | Report Abuse

don't be PONDAN !
$$$$$$$$$$$$$$$$

Posted by sudahkena > 2016-05-08 14:30 | Report Abuse

drwarrant... still not finish sell ur shares??? pity u

Posted by maselankacak > 2016-05-09 10:12 | Report Abuse

Sona wa is still in top active counters list.
not sure whether this is goreng plan or insanity is taking a new level.

Posted by sudahkena > 2016-05-10 11:25 | Report Abuse

where is mr punter wa....

Posted by ruslimz > 2016-05-10 15:13 | Report Abuse

holiday in holeland....

Posted by harta999 > 2016-05-10 16:26 | Report Abuse

what credit suisee doing??

Posted by pop2016new > 2016-05-10 16:33 | Report Abuse

wtf happen to sona?

Posted by 2016v > 2016-05-10 16:37 | Report Abuse

why dun u guys kill the warrant, sell 3.0M

Posted by callme777 > 2016-05-10 16:52 | Report Abuse

Huge DBT going on now at 0.45

Posted by pvd_investor > 2016-05-10 17:05 | Report Abuse

Wahh Credit Suisse again started accumulating

Posted by TheContrarian > 2016-05-10 19:54 | Report Abuse

CS obviously going for the yield, cash return around 49 sen by year end.

Posted by callme777 > 2016-05-10 20:46 | Report Abuse

Winding up process and court order all in May take 6-8 months. Stock value by than is 0.495

Posted by TheContrarian > 2016-05-10 21:43 | Report Abuse

Court petition to appoint liquidators will take two months based on Cliq's experience.

Posted by cadmus_C > 2016-05-11 09:34 | Report Abuse

http://www.theedgemarkets.com/my/article/sona-minorities-votes-decide-spac-promoters-haul
****************
As at Dec 31, 2015, the amount held in trust was RM527.5 million or about 47.9 sen per share before taking into account any taxes payable and liquidation and cash distribution costs. This amount had grown from RM495 million or 45 sen per share at IPO, being 90% of the subscription price in July 2013.

****************

Posted by cliqbabi88 > 2016-05-11 09:42 |

Post removed.Why?

Posted by speakup > 2016-05-11 09:44 | Report Abuse

deep down director dont even believe in his QA, why should u? If he really really believe his QA, he would have purchased Sona from the other market. But he didn't. Action speaks louder than Words.

Posted by callme777 > 2016-05-11 13:43 | Report Abuse

Exactly!!

Posted by cliqbabi88 > 2016-05-12 13:47 |

Post removed.Why?

Posted by DRwarrant > 2016-05-12 22:26 | Report Abuse

Why still there are 'traders ' hungrily buyingg..SONA-WA ...??
sure there is hidden agenda $$$$$ --- insider info
SONA-WA to be GOLENGGG to 5 SEN >> almost 1000 % JACKPOT !

Posted by ruslimz > 2016-05-12 22:52 | Report Abuse

kah...kah.....kah......ini DR should change name to DRmatjenin.....banyak angan angan....

Posted by sudahkena > 2016-05-13 08:22 | Report Abuse

dont look at volume.... look.at rm... ciput only...

Posted by Seeker0808 > 2016-05-13 10:24 | Report Abuse

ady cut loss, wish u all the best

Posted by oceanstory > 2016-05-13 14:12 | Report Abuse

any ideas what the next steps will be for Sona?

Posted by ruslimz > 2016-05-13 14:41 | Report Abuse

kasi balik kita punya wang......

Posted by meegoreng > 2016-05-13 18:13 | Report Abuse

Credit s. has started to "gostan"?

Posted by Kareemabduljabbar > 2016-05-14 09:05 | Report Abuse

My broker say Credit Suisse has 3 accounts. One for PAG. one for their proprietary book. And one for HNW clients. This not the first time CS selling as they sold SONA and other SPAC before and they also buy back. Maybe some HNW tycoon sell down ? SONA should redeem money 3-4 months after early August assuming company not insolvent in which case Indepndent Directors get sued. Same time also CLIQ money should be coming back. I pity REACH. EVeryone will buy REACH And now block their deal. SONA should have goreng the same way TanSri Liew now goreng ECoworld International IPO. TOday STAR article about Quek buying in. SONA Promoter goreng Pisang.

Posted by SejukSam > 2016-05-20 17:20 | Report Abuse

there are several factors to blame for the failing of this spac

1) sona's share price did not go above the cashback price so that the yield investors can sell out
2) 77% investors said no and hope to get back a good yield of 10%? dunno.
a good majority also secretly hope that others will vote yes so they can get back the cash faster without liquidation.

well unfortunately this is the scenario we may all have to answer for.

well folks, u bring this on yourselves unfortunately...time to sell and recoup from losses or wait until liquidation is over.

the choices are yours.

Posted by SejukSam > 2016-05-20 17:20 | Report Abuse

tough luck

Posted by callme777 > 2016-05-23 11:22 | Report Abuse

Wait la, pay out coming soon. If delay there is still interest paid

Posted by 2016v > 2016-05-23 11:32 | Report Abuse

buy buy when everyone is bearish, haha

Posted by TheContrarian > 2016-05-23 22:37 | Report Abuse

Pay out only after September.

Posted by jetchew > 2016-05-24 11:50 | Report Abuse

pay out after september? have to wait another 3 months?

Posted by bigbigboss > 2016-05-26 13:12 | Report Abuse

how much will pay out ?

Posted by TheContrarian > 2016-05-26 22:10 | Report Abuse

With additional FD interest pay out should be around 49 sen.

Posted by Kareemabduljabbar > 2016-05-27 05:12 | Report Abuse

Pls explain how you get 49 cts thank you.

Posted by T1T4N > 2016-05-27 11:13 | Report Abuse

WARRANT GAME OVER....

Posted by TheContrarian > 2016-05-27 14:32 | Report Abuse

As at 31 January 2016 cash in trust as announced in the EGM circular is 48.1 sen. Further FD interest @ 3.15% or higher until redemption will take it to around 49 sen

Posted by Kareemabduljabbar > 2016-05-28 01:49 | Report Abuse

I am assuming they start the liquidation process immediately at the 3 year anniversary and no lawsuits and counter law suits like some other SPAC. I also assume company is solvent and directors can sign the solvency statement. Likely get back 99 pct within 3 months and then 1 pct after 12 months. So assume 1st week Nov. FD for that size is closer to 3.60 pct which is taxable. You can do the maths yourself. I am also assuming that with the other SPAC becoming a legal mess, SC and Bursa put gentle pressure on SONA to liquidate sooner versus later.

Posted by Kareemabduljabbar > 2016-05-28 01:49 | Report Abuse

Keen to hear contrary views. Inshallah get money back faster.

Posted by ktsk88 > 2016-05-28 08:41 | Report Abuse

Cliq case hv been adjourned and drag on...................so you guys think it is easy to get back the money after 3rd anniversary year?......................i think from Cliq experience, Bursa should remove the 75% approval from shareholders instead given the biz approval to the BOD but making sure the QA is bought at fair value.

Can Bursa do a twist to the condition and keep Sona afloat and listed on Bursa.........to avoid all the messy tussle?.

Reach is another case coming up with Credit Suise accumulating to block the QA from getting approval.......................it is not fair for this bunch of idiots investors from disrupting the running of biz here.

Bursa, please remedies this shortcoming..................your reputation is at stake.............you suppose to protect the investor interest when comes to genuine biz.

Posted by callme777 > 2016-05-30 04:10 | Report Abuse

Do us all a favor la Sona mgnt , pls pay now

Posted by Yunus > 2016-05-30 11:23 | Report Abuse

Agree with ktsk88....SC should step in to give the SPAC model a chance to survive, otherwise why have SPACs in the first place. CLIQ should be a good learning experience for SC and they should initiate measures to make SPACs see the light of day and give good business propositions a chance to succeed. The shareholders watch group should play a role here too to safeguard interest of the local shareholders, otherwise foreign funds can easily "hijack" (with their financial resources) a long term potential business success for short term gains. Looks like Credit Suisse has learnt well and using the SPACs in Malaysia for short term / quick gains....although it is their right to do so.

Posted by harta999 > 2016-05-30 12:35 | Report Abuse

why still have people buying the wa?

Posted by DRwarrant > 2016-05-30 16:20 | Report Abuse

SONA-WA >> ATTACCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK
JACKPOT COMINGGGGG $$$$$$$$$$$$

Posted by pvd_investor > 2016-05-30 23:07 | Report Abuse

Hope something good happens to all as an outcome of the upcoming AGM

Posted by TheContrarian > 2016-05-31 00:40 | Report Abuse

Don't hope! Go attend! It's your right! Make noise!

Posted by ktsk88 > 2016-05-31 08:58 | Report Abuse

Hope the Mgmt announced that the amendment to the company QA approval without the 75% voting rights.....................and the QA can pass through..................since Stag side haven't cancel the deals yet and no further announcement filing to both country Stock Exchange so far.

Hope SOna is the 2nd SPAC to be permanently listed after Hibiscus.

Posted by harta999 > 2016-05-31 09:53 | Report Abuse

normally it would take how long for member voluntary winding?

Posted by maselankacak > 2016-05-31 11:15 | Report Abuse

long long long time. LOL
hahahahaha