TheContrarianrohank71, 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.
TheContrarianThis is the reason why Cliq Energy took the "court route".
Harvard57Its 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...
T1T4NWe 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.
T1T4NNothing 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.
DON_JUANSONA-WA HOLDERS >> , BANNGGG your head to the coconut tree 10 X as a spicy lesson .. NO BUYER >> HOW to RUNNNNNNNNNNNN SONA-WA >> DEAD RAT......!
Angielim9955DON_JUAN, I heard if sona delisted then we will get back our refund right ? so why worry ?
DON_JUANmother SONA >> sure get back our money - time consuming - next year & costly too ( charges ) anyway at least something $
SONA-WA >> DIED STANDING - condolense - pity !
harta999voluntary winding just need 3 months time?