Whoever takes up the 10% private placement block, presumably a friendly party, will lend extra weight to the owners in terms of voting rights. Looking very good .. As of today Credit Suisse Has only 7.61%. This time the yeild investors are really being challenged..

The key is once SC approves the private placement the EGM will have a very chance of approving the QA.

Ytd accumulated profit is rm15m. Not bad for a penny stock...tp shd be 22s immediate term

4m profit

Benchmarked against other gold mining companies in the world, BORNOIL is the CHEAPEST!! Only US$ 0.05 cents!!

Increased in gold stockpile?

Latest fm BLOOMBERG. Gold price up $10 now!!

Even IRIS can outperform Mpay!! Bloody shameful!!

Very undervalued GOLD counter....only USD 0.04s

Very undervalued counter. GIANT telco tower company in the making...

Tomolo new name

Kelvin. Dont dream . No dividends from this loss making company.
Anyway this announcement is no big deal....

Flonic will change its name to SC ESTATE BUILDER BERHAD after coming EGM. Construction business.

Flonic could be another Vivicom

Is Flonic going into property development big time?? Is the new shareholder a property player?

The buzz word is now FINTECH. So its FINTECH vs. MED TECH. Who will win??

Private placement approved 2 June. New shareholder coming soon?

Jiahio also makan belacan..kekeke

madiba and bull bear. They all makan belacan. They know next to nothing.... Kekekeke

Madiba and bull bear tenngok bulan kencing all Sudah Mati lo....wkakakaka...collecting millions at 28s.... Their followers also bungkus with them ...wkakakaka...

Those who have not sold their warrants will find it hard to sell now. Seller blocked at 0.05s. END GAME.

Hahaha....capital repayment = losing their money...PMCORP & RCE CAPITAL

SELL ON NEWS!!! Price already factored in results from 23s

Today's launch of Mpay Balance Account is the beginning of the roll outs coming soon...

Flonic is now into property development. The announcement says the rm31 m affordable housing project will CONTRIBUTE POSITIVELY to the financials ending January 2017. Another IFCA in the making???

Come down more baby...i m waiting at 5s for warrant and 7s for mother. !!

Between now and july 31 there is no more time to prepare documents and give notice for next egm. As good as goodbye.

This shows the lack of experience of the management. 3months is too short a time to do anything except wait to bring the curtain down....2down. And 2 to go..

Is it true Drb will launch the new 2016 Perdana this week?

I medic is the first of its kind. Something like Uber when first started.

Read Steve Case book: The Third Wave.... Palatte could well be a new revolutionary 3rd wave Internet company with its iMed apps.

Remember IFCA? Warrants start to move first before mother catches up. Palette is now a transformed company.. Its l a E-Medical provider in the Healthcare industry. Good recurring income business . Once they getthe big medical players to sign up for the system, you wont see this type of price anymore!!

PAG no voting rights. Tomorrow will fly....!!!

Tmrw SONA wa will fly. If u buy now at 4s + 35s conversion=39s. Still get 8s repayment. Fantastic deal!!!

Today palette wa closing high 5s. Another IFCA in the making?

High court of Malaya today approved the capital repayment! ! See announcement 13 April 2016

Mpay roll out of electronic money anytime soon!!

Please note that after the March 3 EGM, PMCORP has not even applied to the court for the par reduction and capital repayment. What happened? The whole shedule of restructuring and capital repayment has gone haywire. If they have applied to the court, why wasn't it announced?
Look at RCE capital. They had applied to the High Court of Malaya for the 7.5s capital repayment IMMEDIATELY after thier EGM. The hearing is scheluded to be heard on April 15th.

Yes. Since SC has approved the QA, it would be a slap in the face if the Shareholders reject it. From doing serious business to become a game of numbers. Seriously they should apply for a waiver or at least change the vote to a simple majority.

The authorities should do something on the SPACs loophole which they didn't foresee when approving SPACs. They are at the mercy Of the shareholders. They should grant a waiver of the 75% Shareholders approval.

If the management can get a cornerstone investor to buy up the shares and maintain above 48s, between now and the next EGM, it will be a win for all. The warrants will naturally catch up until conversion is unprofitable. Then alls well ends well...

if the price of SONA goes up to 48s or higher within the next few days until next EGM, everything will be solved . Dissenters can sell to the market and full capital repayment can be made. Win win for everybody.

This is the fact. The warrants will be CONVERTIBLE upon approval of QA. In the circular, the share buy back of those dissenting voters will reduce the quantum of capital repayment using the RM 80M. Regardless, the warrants will be convertible assuming the QA is approved. So if the mother is 48s after approval, the warrants theoretical price should be 13s. Otherwise the warrants conversion will pull down the capital repayment payout also. BTW, the capital repayment is estimated to happen in Q4 according to the announcement.
So, the REAL value play in SONA is the warrants.

This is the fact. The warrants will be CONVERTIBLE upon approval of QA. In the circular, the share buy back of those dissenting voters will reduce the quantum of capital repayment using the RM 80M. Regardless, the warrants will be convertible assuming the QA is approved. So if the mother is 48s after approval, the warrants theoretical price should be 13s. Otherwise the warrants conversion will pull down the capital repayment payout also. BTW, the capital repayment is estimated to happen in Q4 according to the announcement.
So, the REAL value play in SONA is the warrants.

Warrants closed 5.5s last minute!

Capital repayment , if any , depending on the outcome of the vote, will only be paid inQ4 according to the circular. So the upside for the warrants is tremendous. Now I guess They are counting the votes. After lunch will know... Remember MAS?

Warrants are convertible only after QA is approved. So potentially warrants TP will be 15s if mother shoots up to 50s after EGM approves QA.

Won't be surprised it will be a target of takeover. Deemed too small compared with the giants like GHL, MyEG or Datasonic.

Egm thursday 35s!!

Calvin is correct. Shareholders will be receiving the Circular soon. After the whole excercise PMCorp balance sheet will be clean as a whistle! It will be a gem waiting to be discovered.