Still talking, a lot of ppl, approx 500 ppl

On la. Got KFC voucher rm10 dy la. Now talking and trying last chance to convince shareholders

Don't scare ppl la, I called say nothing is confirmed

Stock price tells a lot. Be smart! If anything positive, the warrants should be trading higher from now to close. Is now or never

Please vote yes. All of you PLs pls pls vote yes so I can get my money in 3 days

My average is rm0.4289, hold la. Why sell? Hope U all vote yes tomorrow .

Sayonara oh sayonara oh

Using soccer terminology or stock market. Lol

Stock price don't lie. Just see the price now....

Voting NO is call an istigator, trouble maker, stupid, etc..... Lol

I will still be voting no QA

Just vote against the QA

Wait two years???

I will definitely vote no

Desa20201956 sonapetroleun


do dissenting shareholders gets the accrued interest income as well? or just 45sen?
18/03/2016 16:07

I understand is plus interest. Can Sona verify?

If I would like to reject the QA , I don't have to do anything or attend EGM?

I hope you are right.....

The stock price tells you a lot! If the deal so good and those no fear than sapu all the warrants now at 0.05. What you waiting for? This stock is game over . Good bye

So confident buy up all the warrants la. It's half the price in a month. Walk the talk

Told you guys.... Stock price don't lie.

Not voting for QA below 0.485 current price is call threatening? So so shallow

Hahaha.... The very fact the management is here tells you a lot! Let's see who has a hidden agenda

Really this is SONA responding on a forum? Omg.... So desperate? If it's really that good why come so low to a forum to promote thyself?! Let your stock price speak for itself!

Yaya.... You can say what U like and how experience you are. The stock price ain't 0.485 U can be sure I will vote a no QA.

Below rm0.485 , just vote against QA. Stock price tells a lot. Don't be fooled by sweets and goodies

Yes Sona management buy me out at 0.48 or else I will vote no

Vote against the QA at this price

0.495 than I will vote yes

This price is no brainer. Take money and reject QA

If I am attending the EGM must I still send in rejection letter? Or just reject on the EGM day?

So many will ask why is the price at 0.465 and not 0.485? The answer is simple: time value. If QA rejected than money will only be returned somewhere in mid August to early September

Below 0.485 just vote NO

Unless the oil field that the SPACs are acquiring has ridiculously low valuations and is a no-brainer kind of investment, not many would be prepared to invest.

Towards this end, Sona announced that the price of the asset that it is acquiring has been reduced by 50%. Even this news has not got the market excited.

The ideal situation for the SPAC would be to pay no premium for the oil fields that it plans to acquire. All the money raised should go towards enhancing the production of the oil fields.

The scenario that the SPACs are facing today is a far cry from the exuberance that surrounded the companies when they went for listing three years ago. The shares were in demand, as investors were still dazzled by the runaway success of Hibiscus Petroleum Bhd, Malaysia’s first SPAC.

Unless the share price of the SPACs convincingly stay above their respectively cash value (the amount which will be returned to shareholders if a QA is not made in the stipulated time), most shareholders will opt to get their money back rather than to vote for the QA to go through.

Today's Star

This is Sona forum. Pls stick to Sona

Not looking good at current prices and so near the EGM. Becareful Ya.... Don't get con. Think and follow your instinct. Stock price tells a lot

Below rm0.50 vote no buy retail and major shareholders. They can't get the QA. So.... Be smart and push it up or say good bye. I own 1.3mil shares of sona , I know is a small percentage but every percent counts. At the moment I am voting no

We need the stock to be convincing la. At least above rm0.485.

The stock price at curren levels are not convincing!!! I bought at 0.40 and up 20 percent! Why not just take 0.485 and go

Below 0.485 before EGM, just vote against it. This i advice you

This is call arguing? Lol

These investors include large fund houses such as Credit Suisse and Pacific Alliance. For them, the fact that SPACs offer 90% of the cash back allows them a yield of almost 7% per annum compared to the cost of funds of 4%.

In Sona’s case, the cash value of its shares amounts to 48.5 sen, while for Reach Energy, it is about 75 sen each.

“If either Sona or Reach Energy’s share price falls below their respective cash values prior to the voting on the QA, then this would mean their yield shareholders would likely vote against the QA to get back the cash,” said an investor who has exposure to both SPACs.

So who say is 5 percent short term?

Support or not support depends on the stock price from now till EGM. Above rm0.50 than support!!!

Yup... So no need wow wow wow everytime crude oil is up. Sona has to pass the EGM

Wow usd39.09 and Sona is still below 0.47 wow wow wow

The stock price stays below 0.485 tells a lot! I hope it moves higher soon

Someone is marking the stock down. Good sign of a bottom

Yawnnnnnnnnnn

The stock price tells a lot!