A Darling few months ago, now a Divorcee( nobody wants )

it is better to have Sodium Battery ( very safe, none explosive ) for EV. Saw so many exploding EV in China,
there no way any Driver can escape. Sodium Batteries are developed in China to replace Lithium( very explosive
in nature )

Further to the Announcement made on 2 May 2023, the Company has participated in 4 additional CDRC mediated meetings with the MCF Financiers to seek feedback and refine the terms of the PSA.
_______________________________________

Why so many Meetings (4) between Bankers and SAP in May???
My understand is Both Bankers and SAP are extreme worry about this August Meeting in S. Africa where
41 Countries are expected to use BRICS currency in Trade. In a Nut shell, US$ will devalue. The inherit worry
is when USA Cannot service its Debt ( everybody pulling money from its Treasury ) US will lapse into
"Hyperinflation"----US$ turns into Toilet Paper. All SAP management got to do is to Buy 10 lorries of
Banana ( cost about US$ 10billion ) and pay back those " suit wearing Monkeys "

unlike aax where Bankers want to recover their money ( Vol turns Up fast), SAP has all the sickness where ikan Bilis will Not touch including Cash-In first ( PN17)........So who put RM8.6mil Buy at 0.035 and RM11.70mil Buy at 0.03..
and who sell at 0.04 (RM 4mil ) knowing very well there is No ikan Bilis to BUY ( to me it is just a Block to
"Force Contra sellers to let go into 0.035 )

So we know Bobby is Old and cannot Naik but just join Bursa in Jan 23 ( another Old Virgin waiting to be
slaughter )

If you are a Big Seller you never put your Cards on the Table ( to scarce bobby meh) Always buyers ( esp. Bilis)
park to Buy at Lower price.

Unless there is a "Buying Tsunami", sharks will always Win ( too few ikan Bilis to challenge Them in PN17 )

Sharks make last defend at 4 sen( 100Mil ), ( move shares from 4.5 and 5 sens to block at 4sens ) Last week there
were 50--60mil shares parked at 4.5--5sen to Block----Once Breached you will see 6sens

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-06-30-story-h-246696976-3QCY23_Investment_Strategy_Calling_the_Bottom
________________________________

Kenanga has called Bottom Fishing ( KLCI now at Lowest ) I believe Anwar wants strong Bursa Before State
Election in August (Kenanga clients are 75% Retailers) Release Fire Ants to set everything Running

There are stockist who are willing to lend you 500m shares at 5--7sens to Goreng ( as what my remisier said )
There is someone here who works for CIMB investment Banker might know how many SAP shares CIMB
has collected to sell to foreigners when Market is HOT

The way Sap price movement clearly indicate someone is controlling price at 4 sens. I think 75--80% shares are
locked at 30sens and above. With almost more than a year had passed, most ikan Bilis buying down from
30sen to 4 sens ( contra players ) are either Gone or gave up ( somemore PN17-----cash in-first.......)
I really donT trust Osk-RHB bcos RHB's clients are 75% GLC or very Big Boys ( EPF). They are always First to Run
before any Collapse ( Why OSK still Talking here---should announce Ceased Coverage ). Public Bank's Tp
is really strange---PB is Ultra Conservative. SAP should Not be in its coverage.

until EPF stops disposing then you will see "new High"----above RM3
EPF is highly illiquid now--- due to mui.he.din's epf withdrawal policy----just smoke something strong and wait

Prime Minister Anwar Ibrahim, who is also finance minister, has signed an agreement involving a government guarantee to Felda on the restructuring plan aimed at restoring the agency's finances, the ministry said in a statement.
___________________________________

Felda gets Guarantee from Gov ( not Cash injection ). This is the same Type Guarantee propose by Najib.
Once Guarantee given-------Sukuk can be arranged

In Malaysia 99% on what is going to Happen is always Done Under The Table. Only 1% is expose to the Public.
Bursa disclosure, Court Documents, etc are included in this 1%.......Just Show

Bobby didnT dealt with Bankers One Day in his Life. Go and ask Biz Taiko about how Banker "forced them to
Take up more Loan if they cannot pay existing Loan " Bankers made Retailer kneel infront of them when retailer
cannot pay back 10K-----As for 10Bil, Bankers are kneeling in SAP's parking Lot ( cannot even enter front Door )

Every day Talks same story 10bil loan. Show me One Police report that Bankers accuse SAP threaten Bankers
family if they Dont Lend SAP 10bil......SomeMore 10bil Not RM10 Wanton Mee . Bankers DonT do Due Diligence
whether SAP's Asset can support 10bil Loan and Biz profit can pay Interest Payment????????????\
Greedy Bankers actually "Forced SAP to Take Loan"----the more likely Answer ( my cha-cha Twist Good or Not )

Combining SAP and Velesto, Petronas inherited 17 jack-up Rigs....Just enough for All Petronas Jobs in Malaysia
Water from 2024---2030

The Biggest O & G Conglomerate will be SAP+Velesto + MHB ( by the way PNB Cannot combine SAP & Velesto
bcos it doesnT has that much of Cash & Jobs ) Petronas has both Money and Jobs

I am always the advocate Petronas Save SAP ( merger or whatever ). Even SAP did receive 1.8B from Arab white
Horse, it still cannot translate into Any profit unless it has "new profitable Jobs ".....Petronas has 50Bil Jobs
next year 2024 and who is going question Petronas if it allows more profit margin for "New Co" by combining
with MHB

These are the numbers I expect from SAP this Qr, nothing more, nothing Less. There are still around 850mil
Cash, enough to take care Bank Interest Payment. But really Not enough to Bid for Any Big Job "without more Cash from Gov bailout "----Basically SAP just "making a Living from Old Jobs " while waiting for more Cash.
So technically SAP can survive for another 2--3years in today situation if Court keeps throwing SAP a life line
by delaying Lawsuits( from 1.50 Billion known creditors)-----Bankers are sweating but 10bil is too big to settle easily ( PNB can settle with Bankers )

Gov owns NAVY, navy pension fund owns Boustead......Boustead Builds "Bocor Boat Order for Gov"......Navy
cannot stop Indon pirate bcos pirate has faster Boat than Navy.....Fisherman complaint to MP.....MP call Anwar
This Circle goes 2 more rounds, Boustead Gets Bailout, so simple yet SAP management takes 2 years walking
Blind.

Classic Moping. Blocking 0.04 ( 100mil for months ) 0.045 and above 3X--4X less sellers

https://oilprice.com/Latest-Energy-News/World-News/Private-Equity-To-Revive-Asian-MA-With-A-Focus-On-Oil-And-Gas.html
__________________________

As stated above there are US$ 417 Bil " Dried Powder" ( meaning ready Cash ) in Private Equity willing to
supports any M&A----If Velesto wants to Rent / Buy 2nd Hand Rigs for Petronas Job--many private Equity
Cash are available

Is SAP is being approached________The only Bigger than the Big in Asia. Why need Malaysia Banks????

https://oilprice.com/Latest-Energy-News/World-News/Private-Equity-To-Revive-Asian-MA-With-A-Focus-On-Oil-And-Gas.html
___________________________________________
Read this article and you will not sleep tonite

While everybody listening to "Wahud's Flute"....vested interest suddenly pump up price so that no-one dare
to chase ( now everybody has to buy High to chase )

Once TG price settles at the lower than the lowest, it will languish there for a very long time 5--6 years, waiting for
the next pandemic which will come but in Different settings. If you have chance during check-up, read medical
journal "provided" to up-grade yourself.
EU Hospital is preparing for the next pandemic already.....most salient point is separation of patient from Medical
personnel thru AI and Robotics Nurse. Hospital wards are negative pressure( prevent Germ escaping )+ special
suit to cover whole body instead of just Hand Glove.....Liquid Gel ( highly Bio-degradable )will replace Glove

Saving SAP using Foreign Entity is pioneer by former Finance Minister ( Bersatu ) But Mui jerk donT has good
relationship with Saudara Arab. Anwar has good Saudara-ship with many Arab Brothers ( different story )
Anyway Arab attached many attachments making deal very difficult

1) Special Purpose Vehicle (SPV): An SPV will be established to facilitate the restructuring. The collaboration of the government and Petronas, Malaysia's national oil company, is expected to be involved in this SPV
___________________________________

SPV already on Anwar's Table sometimes in May. Under the request of Bankers, Gov must initiate some
kind of Guarantee to save PNB RM3 billion injection into SAP without pumping more money. SAP can be
saved bcos Oil price is not going back to $30.........When compare with Gov bailout of Boustead Naval
Shipyard ( injected RM6 bil ) and Further RM3 bil new injection, saving SAP is peanuts

Look at AGM voting results, you know who can vote Or cannot. Any proposal initiated by management, PNB
can Vote unless PNB propose to take SAP private than PNB cannot vote. Both PNB and Shahril combine hold
40% of SAP and they are Not Selling. The Dark Horse is Shahril, waiting for Najib and Umno to return strong
in GE16. Shahril has very clear intention, he wants SAP back ( as CEO )

Private placement is very difficult for Non-GLC. Unless Buyers are from Foreign entity than doesnT need
financial Report ( from SAP ) to secure Loans. Individual ( Malaysian) is completely out of Question. Amount
too Big--- will surely attract Inland Revenue to "Look" into Buyer's income Tax account.
White Knight has to be Malaysia GLC, mostly likely Petronas which has no intention to Dilute PNB holdings

When you consolidate total outstanding shares, it means authorised share are increase so that you can sell
shares to investors (RI) for Cash. When Nobody wants to Buy RI, why take the Trouble to consolidate??
So it is very Clear those who talks about Consolidation "DoesnT know what they are Talking "

my Tp is still 40sens given 7--8months ago based on depletion of cash and vaporising Revenue ( no Covid, how
to get demand ). I think give and take another a 2 Qr of losses, 40sen is surely on the way.......just wait

Bobby liking Vegetable Seller job maybe directly link to his permanent job----plucking Apple in Australia.
How to finish Degree, everyday " pontin " Class

Based on the amount of Gov. contracts Gamuda got for last 30years, Gamuda should be price around RM30.
The problem is Gamuda management gets Lazy---95% of works are sub-contract Out. Most of their Engineers
prefer to work from Office. Management prefer to play Golf with Politicians. 95% jobs goes to "Chinese Sub-Con
making them very, very Rich------Who to Blame?????????

Bobby Never admit he got Mara Degree!!!!! But he is keeping " vegetable Seller as a option "

BobAxelrod
You think I was fooling when I call Sell at 525c????......LOL....now the jokes are on you.
_________________________
Of course Bobby is not kidding......after he suffered Contra Loss---Goes to Kopitiam and boast he give Good
advise to All Losers except himself

BobAxelrod
Back to 51c...?? Why so jealous when I sold last batch at 525c.....hahahahaha....jokes on you, so dumb!!
___________________________________________

After i said Dnex will loss money next 2 Qr, Bobby immediately said He dumped Dnex. Where Got so irrational
"sifu"------Acting like a Pasar Malam Vegetable Seller, Only shouting and throwing saliva everywhere

Sounds and looks easy for Banks to grab SAP asset. Asset means old pipes , hydraulic pumps and rusted Rigs.
When nobody knows how to make money out of asset----it is just scraps Iron. Valuation say asset worth 5billion
but when become scraps iron, just 10mil.....Does Bankers know how to run O & G Co. ?????

as i said in TG, if everything "Failed" I still can hold on PNB's nuts as Float

UlarSawa
PN17 Janda Sapura you pun dare to buy. Now you takut Taikor masuk PN17 kah. Taikor not yet up to Janda
____________________________________
Many well know Sifu buys even AAX ( 33 billions Loss----Malaysia Corp Loss KING ). Why Sifu take risk????
Price either surging Or Hit Rock Bottom. SAP has Hit Below Rock Bottom with just 10Billion Loss ( still not
consider KING of KING yet ) Some-More i am holding PNB's nuts as float

If i compare SAP and SerB, Bad news about SAP finances already spreading like wild fire 2 years ago while
SerB is still Rock Solid 6 months ago....The moment things turned Bad in SerB, Bankers put SerB's Asset
under Hammer in One month.........It is very Clear, it is NOT easy break SAP with GLC refusing to Let-Go

Looking at MHB's books, combining with SAP doesnT added Any value... BUT it give a "Excuse to Inject Cash
By Petronas into this New CO without undue Gossip "( This my Honest Opinion ) Selling OMV to Petronas as
Collateral can Draw More Cash ( loan from Petronas ) than White Knight ( more likely to get approval from Politicians )

People thought RI is a "Confirmed way Out" And nobody can refused----Hello! no money how to Buy
RI, some-more SAP cannot give Dividend atleast until its Books are in Order----Cannot even earn FD, you
think ikan Bilis Buys RI------So who control RI? PNB must say Okay before Management dare to think in
their Dream. If Both Shahril & PNB refused RI, 40% RI will Not be subscribed. Investment Bankers will not only
lose their Shirt but " All Body Hair "

Sapura needs big haircuts from both creditors and shareholders
__________________________________
Haircut to Bankers seem a done Deal ( no idea details ) We should know if Bankers refused negotiation bcos Law
Offices around KL will be bursting with Gossips ...
This is just my opinion. If White Horse deal is real, 1.8Bil buys alot, alot of shares in current market----They become "majority Holder"----A confirm No. No. to PNB who wants to control SAP to recover its Investment.
There will be no RI unless price return back to 30sens+++ ( plus cash injected directly into SAP) Or else PNB becomes a minority shareholder with NO control on how recover " other Cash" injected into SAP

Sapura needs big haircuts from both creditors and shareholders in order to survive cos their old contracts signed are with low margins with little room for adjustments
_______________________________

Thanks Or no thanks to Covid, many "old Sap Contracts has actually subjected to dispute---owners refused
to continue due to Covid " Now SAP is actively re-negotiating new Costing or Going to Court (as reported in
AR ) Not dead-end but difficult road to manage if goes to Court. Going to Court is better for SAP ( buy time )

According to Well informed source ( Ular ), TG got 14 "Gaji Buta PHD holders "---waste money better use Bangali

Tan Sri has no choice but to keep Closing Down Factories Or else 390m will vaporise in Dec 2023.......Can keep
closing down factories to save Cost but Banks think otherwise, "maybe another SAP in making " You know
Banks----quickly Closed Umbrella Or see you in Court

Look at TG Cash vs Current Liabilities ( 390m v 990m ). Very tough year in 2023 and 2024.....no profit to lift cash

Dnex has to stop old lines to install new lines next 6 months in Silterra. DonT expect good results till Mac2024