Ah listen to bald head balvin everyone...numbers not enough. Reinforces argument that minorities are sitting ducks as to how the cash will be used in the future.

Waiting for the day where MAA spends that RM200m acquiring businesses....which also requires 50% + 1 vote....in other words, minorities will be at mercy of TY to acquire whatever financial-related business because u will be outvoted.

And your ceramah during the EGM of course....

Balvin71, u should have considered linda77's proposal....not to be chairman obviously but to work with Laxey and some others to at least put 1 or 2 board members in, controlling would be ideal but may not be possible.

I believe the "cry babies" u mentioned are not upset that scr failed and share price tanked but are upset because of your inaction besides rejecting.

Equitydiary, what was TA's target price?

NavinShah, u look at the voting for director re-election...you think u all can do something? U all nothing more than sitting ducks. Feel good yesterday but u all will regret later.

TheContrarian, it's actually over. If others propose fresh SCR, TY can vote. And he can single handedly block.

Cipta, don't be silly. It would have been filed earlier to be proposed today if got. But balvin was too busy giving ceramah and didn't work with laxey to propose.

Cipta, absolutely within your right to fight for your rights and it was right to reject but you all did not do enough. Just rejecting is not enough. In developed countries, there would be shareholder's motions tabled etc.

Of course I took the money and sold but there are many who will get caught later. Later and not now because the cash is still there now but may be squandered later.

afterlight, cannot. if that's the case must go for EGM. and TY cannot vote. acquire his friends' companies can. and he can vote.

and also can thank the terribly immature aunty Linda77 who talk so big but failed to take solid action.

if RM200m spent to acquire lousy businesses, you all look for balvin and some of his friends. good of you to take to the mic earlier to talk to board but time will tell if you failed the other shareholders by not planning a hostile takeover or putting in a motion for dividend with the others.

huntertee, they mentioned at EGM that they allocated RM200m to make an acquisition....there goes the cash....what 1.40? lol

TheContrarian, like I mentioned earlier...gung-ho reject but no solution...better reject and take action or don't reject at all

Company won't delist. I'm almost certain. Just more worried what will happen to the cash.

Yes wait 1 year minimum. Money sit there do nothing. Directors should have adjourned meeting...they didn't act in shareholder's interest today....u can be sure they'll squander the cash.

When buy at 29sen for sure have to cry like baby because too happy.

Not sawhai la bro...he manage to push up by RM0.005. haha

brucewayne77141, lol u actually think sharkfin really that smart to scare people so that he can buy low? or he actually bought at higher price and got scared when price came down but trying to look smart..

accepted. btw high chance more than 90% will accept, so your shares will be mandatorily bought out.

Lol sharkfin sounded like a solid long term investor earlier but now looks like those retailers who can't wait a week.

Theong & other dissenters,

My opinion is that you have 2 options:

1. Reject the SCR AND change the board so that majority is in your control.

2. Accept the offer.

I am also seeing what all of you are seeing....there is a giant amount of cash in the company. But u must also realise that the conpany's operating cash flow has been negative for past few years....they are burning cash. If you reject the offer, I can assure you that 10 years down the road, the cash u see now will be evaporated. The company looks mismanaged and the directors and management will sapu all the cash over the next 10 years.

So it's either u accept the offer at 1.10 or reject AND change board. If u all have no power to change board to be majority in your favour, accept the offer because you can be assured that 10 years down the road, MAA is worth nothing. If u cannot change the board, you all will be destroying value for all those who want to accept the offer and get RM1.10

zhuge, tan jing xin is the daughter the late tan ching kee. tan ching kee owned the steel trading business which wzsatu disposed off for RM23m in 2017. The Tan family is already out of wzsatu. nothing to do with insider trading you are implying.

Don't scam people with EPF name. EPF got burned with sasbadi so they did good due diligence?

Not to forget, once bauxite mining finished, they will be left with an extremely valuable 66 hectares of freehold land. Most likely will be valuable industrial land because very close to kuantan port and ecrl.

https://klse.i3investor.com/m/blog/shareseatreasure/200790.jsp

taitaumau, here is the latest update i got from the liquidators:

Liquidators have met with the SC and the SC is of the view that the mgmt team should not be able to participate in all the distributions.

but the liquidators are of the view that the liquidation of the company falls under the Companies Act and the mgmt team will be entitled to receive monies from the non-cash trust account.

to settle this, the liquidators will take this matter to court and the court will decide whether the mgmt team is eligible to receive. it will be the duty of the shareholders to fight for their rights when the court case comes up for hearing.

the mgmt team is just sickening....they are not willing to forego the distribution to them and are trying to rob the public's money.

jonaschia, if you plan to hold for more than 2 weeks, PA is the no-brainer choice. buy and convert immediately.

There will not be much dilution from PA conversion because you need to pay 19sen to convert. So if all 1 billion PA converted thru cash, aturmaju will have RM190m in cash. Unless people convert by tendering 20 PA for 1 mother share.

As in not easy to see the PA as something where you can make a quick profit. Should look at the PA as a good way to invest into aturmaju in the short term. If they maintain current margins with their RM20m per year contract, aturmaju is very undervalued.

Actually not so easy with the PA. Only profitable if you convert to mother share through cash option. Which means paying 19sen per PA

Cytew, if you develop the software your own, cost is almost nothing.

nakata, it's not 10%. it's more than 50%.

You all need to see the financial statement and analyse it. Don't just look at headline numbers. There was huge unrealised gains this quarter.

I read the equity guidelines last time. Actually based on the guidelines, management team should not be getting anything....doesn't matter if cash trust or non-cash trust.

I see. So there have been complaints about the management team getting 20% of the non-cash trust assets. I was shocked earlier when taitaumau said they will get 20%. That should not be happening. My calculation of minimum 52.67sen earlier should be the correct thing.

and the text was prepared and given by the company lol

if its axiata or TM or some foreign giant, it's ok. xiddig sdn bhd? running out of a corner shoplot with RM25 billion project? we'll see.

do u actually believe xiddig is able to fund this RM25 billion project? do you think mesiniaga is actually going to get RM1.9 billion? get out while its hot.

this morning:

http://www.theedgemarkets.com/article/malaysia-have-fastest-internet-access-speed-southeast-asia-%E2%80%94-wan-azizah

5 hours later:

https://www.nst.com.my/news/nation/2019/01/453290/dpm-never-approved-speech-read-out-highspeed-broadband-event

Taitaumau, in that case both distributions will have 2 sub distributions - one for 800m shares and another for 200m shares? Weird right? Good question to ask during EGM.

It's actually possible for management/promoters to get some of the 15.24m but that's if they pay themselves a salary or some other fees. But looking at the EGM resolutions, they are no longer paying themselves. So the 15.24m will be fully ours.

Taitaumau, just checked with the liquidators of cliq and sona. How it works is that they will combine all the cash, make a first distribution and then pay outstanding payables from the balance money they are holding. After payment, they will distribute the balance cash. For both distributions, promoters cannot get anything unless they bought Rsena shares post IPO in the open market. So (b) is /800 and not /1000.

Taitaumau, if I'm not mistaken, promoters cannot get any of the diatribution, whether it's from trust or non trust account. This is because they subscribed their 200m shares at only 1sen/share. Will have to recheck this with the liquidators.

1st distribution minimum 51.8sen. total distribution minimum 52.67sen. 1st distribution by 15 February 2019. 2nd distribution will only happen when they get tax clearance. still very attractive if you have plenty of spare funds in current or savings account.

not too sure why there is so much euphoria here but Airasia will crash tomorrow.

US is one of fpi's major export markets. They have been doing well recently because housing market there has been strong. But housing market there has started to become shaky. Trading now only based on sentiment because of good results but fundamentals will be weaker in medium to longer term. matter of time before fpi share price falls.

this is a no-brainer. cash itself is RM0.27 per share. ex-cash, share is only trading at RM0.34. Matter of time.

TheContrarian, you're wrong. u must count receivables. receivables is interest income not recognised in cash trust yet. this is accrual accounting, not cash accounting. and if we look at sona or the other failed SPACs, liquidation cost was negligible.

refund is 50sen minimum, 52sen max. rsena must liquidate within 60days from 10 december. so latest we get back our money 10 feb 2019.

zerocityhunter, yes.

i had 20k shares so after the split i should have 40k shares. but the extra 20k shares is still not reflected in my portfolio today. how do i go about selling the remaining 20k? thru broker?