Anyone knows the outcome of the court of appeal hearing for JR today ?

I m confused too. Perhaps you are right. The poll results just simply showed that the shareholders aren't happy with the directors' effort, not good enough.

I don't think the intention of the shareholders is to deprive the directors of their fees.

I suppose this is called "collateral damage" as Siva Kumar called for NO VOTE as a show of shareholders' wish for money to be returned.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5195957

http://www.thestar.com.my/business/business-news/2016/09/02/shareholder-fury/

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5194445

Sona is a company with limited lifetime. The time has expired and the company has not applied for extension. Hence, the company is no longer a going concern entity and is unable to generate income. What good is it to the creditor to prevent the winding up ? It would only be meaningful if the company could generate future income. In fact, it is against the interests of the creditors to drag on as expenses will drain whatever is left in the company.

Yes, only notice to appear with intention to prevent the granting of winding up petition.

Resolution 1 failed, resolution 3 passed, and resolution 2 withdrawn.

Normally a creditor will file for winding up petition for unpaid debts. In this case it is actually stopping it from winding up !

furniture related stocks are crashing......

Good results to continue as long as steel prices stay strong. The need for water pipe replacement will only gain urgency as time passes.

The potential MGO at EM0.90 provides support

only start to gradually bring back fire damaged operation beginning Q4. Expect 2 more weak qtrs.

Continue bleeding is lose lose for everyone including Rosali. Patience is the game here.

The company should disclose the amount collectable from its KBM as contingent assets for the benefit of the shareholders. The RSC promised a minimum IRR on investment to be recovered from future oil proceeds.

The company should disclose how it arrived at the RM12m profit contribution from KBM despite the strong recovery in oil prices from Q1. The average WTI in Q415 was US$43 and the profits from KBM was RM34m and the average WTI in Q216 was US$46 but the profits were significantly lower.

Impairment of plants RM12.5m. Otherwise, it would have made RM3.7m profits.