Useless counter, cant move

end of day
majority votes win

this counter drop from 3.0 to 1.0
not without reasoning....

up up

Read more at http://www.thestar.com.my/business/business-news/2017/03/22/bursa-warns-of-pump-and-dump-schemes/#bYb7R1Ogofy7xOpE.99

goring shares until becomes major shareholder, how awkward
now he is calling the shots

he has to make sure the co make more money this year than last year
last chance to goring before election...

coming, wc

moving up slowly

SUMMARY OF KEY FINDINGS AND RECOMMENDATIONS
1. Review of the bank accounts maintained with foreign bank located outside Malaysia
Key Findings
a. During the course of FHMH’s review, FHMH has requested the management to furnish the secretarial
records, general ledger, payment vouchers, bank statements and other relevant documents (“Requested
Documents”) for Godynamic Investments Limited (“GIL”), PT Semesta Tirta Antara Raya (“PT Star”) and
Circle Moon Sdn Bhd (formerly known as Nexgram Resources Sdn Bhd) (“NRSB”) to facilitate their review
of the bank accounts of NHB Group maintained with banks outside Malaysia.
b. FHMH has not received any of the Requested Documents as at the date of the Special Audit Report
(“Report”) as Nexgram Holdings Berhad (“NHB”) had on 6 January 2016 and 7 January 2016 entered into
two (2) individual share sale agreements (“Share Sale Agreements”) to dispose its entire interest in NRSB
and GIL respectively.
c. Based on the Share Sale Agreements sighted by FHMH, NHB and NNSB were required to surrender all
the information and records of NRSB and GIL to the respective purchasers and no copies of the same
shall be kept or revealed by NHB/NNSB. FHMH noted that all books and records of NRSB and GIL have
been handed-over to the purchasers and the management has endeavoured to obtain the Requested
Documents to facilitate FHMH’s review. However, as at the date of the Report, there was no reply from
the purchasers.
Recommendation from FHMH
a. The Board to seek legal advice on NHB’s position with regards to the Required Documents and records
of NRSB and GIL to facilitate FHMH’s review.
b. The Board to follow up and confirm with the management whether NNSB has received full disposal
consideration for the disposal of equity interest in GIL.
c. If the above are not to the satisfaction of NHB, to seek legal advice as to the next course of action against
the party/parties concerned and as to the possibility to recover all losses suffered by NHB Group and/or
monies due to NHB Group, if any.
2. Review of the pre-development costs - Cyberjaya Project

NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "THE COMPANY")
- APPOINTMENT OF SPECIAL AUDITOR TO VERIFY CERTAIN ASSETS WITHIN NEXGRAM AND ITS GROUP OF SUBSIDIARY COMPANIES ("NEXGRAM GROUP")




We refer to the announcements dated 7 March 2016 and 6 June 2016 in relation to the appointment of Ferrier Hodgson MH Sdn. Bhd. (“FHMH”) as the Special Auditor to carry out independent verification over certain assets within Nexgram Group.

right issue money all mia
now private placement
haha, pls donate generously

haha

tussle between buy vs bye

see u guys at egm
cheers

dont worry too much
the founders are more worry than us ikan bilis
they had 2nd chance and one month to plan and strategies this egm result
wait for egm
cheers

no worry, whatever happen will happen
wait for the egm result
i am voting yes

RIP 270

yeah, those smart alex think they are smarty
wait for egm result on tuesday

no need to re-run your choice of vote 100 times, LOL

If you want guaranteed yield/return and dead worry about share price, just submit your Repurchase Forms, NO NEED TO REPEAT 100 TIMES A DAY

PLS ADD UP ALL YOUR GROUP SHARES, WHETHER CAN REACH 1% - wont make any different to Sona QA anyway

Siva kumar and gang, added to 20%, didn't make that much noises

usd50 comin

holy cow
brent price usd45.86 still strong

dun be surprised, purposely pressed down the price

its a buying opportunity

Sona Petroleum (SONA MK, NR)

Acquisition In The Works

Trading Idea

Sona, a special purpose acquisition company, is close to securing its qualifying acquisition asset with the Stag oil field. The acquisition is expected to cost it USD25m. Further infill development campaigns are expected to commence post acquisition to increase the 2P reserves as well as the production profile of the oil field. Our DCF valuation at a discount rate of 9.3% implies a suggested MYR0.48 TP.

RHB report TP 48 cts

brent oil surging usd45.40
stag oil usd47

future is great, once oil price surge above usd50
all the shareholders will be laughing to the bank

brent price usd44 & going up
there is future for sona & those with patience

those who groaning and moaning everyday about share price and with intention to vote No

Pls check your total shareholding whether substantial enough to put the QA in jeopardy, whether individually or in totallity added to 2%??, if the answer is NO, pls just keep quiet and submit your repurchase form la

During last month EGM, one elderly couple who sat beside me were making a little noises holding their Repurchase Forms and their shares indicated in their forms were 3,000 each.

Its the total shares that counts and not quantity of Repurchase Forms. So Siva Kumar & his friends with 20% stake in favour does count ya

i wonder why people are investing in shares esp spac and talking about guaranteed yield, lol

might as well put in FD, reits.... all those very safe stocks

nobody will goring the stock when oil price is low
when price is above usd50, I think the syndicate and fund will goring
for the time being, don't harap ya

holy cow
brent oil is surging usd43.74
higher than bfore DOHA meeting

no worry, just small percentage of investors out to create noises, probably less than 2%

Siva Kumar and gangs already have 20% and are supporting the QA

the naysayers, can cash out or opt for repurchase, no problems

1. surely sona already discussed and consulted all major investors and came back a much improved capital repayment and founders also willing to exercise warrants and fund the capital repayment

chances of approval is 95% just my estimation. all non shareholders naysayer are praying the QA will fail

if you are a warrant holders and worry day n night, cant take the pressure, then better sell lor

2. naysayers are saying capital repayment doesnt bring much benefits, as it is shareholders money. one brilliant stupid comment. since there is cost saving from investment in oil field during current low oil price, why not returning the money to shareholders and we are all keeping the same no. of shares & having capital back for other investment too.

what is this so different from other companies that pay dividend or capital back to shareholders - still their shareholders money, idiot

3. non shareholders naysayer are mentally retarded, if you are not keen on this investment, why not spend time finding other beneficial investment rather than praying ching ming QA everday, hehe, idiot

the forum is more of a joke

1. those who are not shareholders are making more noises than shareholders, LOL

2. CS is not the beneficiary owner, directive come from PA. as simple as you pledged shares to bank, so voting right came from who, you or the bank?? LOL - SRP question, pls

3. Let the shareholders decide on the QA, no need to rerun your rationales, don't be a smart alex

QA will be approved

CS owned 0%, buy on behalf of clients PAG
PAG owned 15%++ direct & indirect

pls read read

aiya, not directors that push price up
normally done by syndicates and funds

the reality of share market, if we understand...

if no show, dont jalan, it will not jalan...

once show started & jalan, it will not stop jalan...

better deal but no show
all balik tidur, hehehe

best spac deal in the world
limit up today

Sona 8 cts repayment sweetener to mother & wa, Reach deal QA will fail,
NO capital repayment but additional cash call, LOL
guarantee fail

sona is the best SPAC deal ever, best SPAC in the world

hope the mother and wa will fly today

oil price recover up
RM ringgit recover up
Stag Field price down

sona how tmrow? up up up?

hope Tabung Haji and EPF can join to goreng tmrow

founders even exercise their warrants and use bank borrowing to finance the conversion if any shortfall in capital repayment and share repurchase. they are not entitled to 8 cts repayment too

BIG SACRIFICE THERE

APA YOU MAU LAGI

mother share will get repayment of 8 cts regardless of share repurchase amount

any shortfall in cash, founder will exercise their warrant to finance the capital repayment, big sacrifice by founders

those who exercise the warrant also entitled to 8 cts repayment if done before ex-repayment

warrant exercise price is also reduced around 5 cts after exercise

good deal for everyone here whether you are holding mother and wa

MD that doesn't know its QA capex but able to convince THaji to invest. what can you say but thumbs ups. hehe


Posted by cruise > Apr 13, 2016 02:42 PM | Report Abuse X

If Reach can get Tabung Haji and other funds to invest, Hadi shud do the same

MD doesn't know QA's capex. scary la...

KUALA LUMPUR: A week after declaring it has sufficient funds to finance the capital expenditure (capex) to be incurred by its qualifying acquisition (QA), Reach Energy Bhd now says it is contemplating a fundraising proposal for the purpose.

“Although Reach Energy estimated the near-term capex to be low, the company is currently contemplating a fundraising proposal as mentioned in the company’s announcement dated March 5, 2016,” it said in a statement yesterday.

The oil and gas special-purpose acquisition company (SPAC) added that it will make the necessary announcement when there is material development on the fundraising proposal.

Reach Energy managing director Shahul Hamid Mohd Ismail said on April 6 that the SPAC has no plans to launch a cash call on investors to fund the capex incurred by its QA in the near term
http://www.theedgemarkets.com/my/article/reach-energy-may-have-raise-funds

If Reach can get Tabung Haji and other funds to invest, Hadi shud do the same

positive feeling on OPEC-NON OPEC meeting this sunday
can expect brent oil price usd50 next week

yeah, brent oil price is going up