No wonder there is a peace of mind here where we can uphold the truth and facts.....

He is very misleading and still ignorant of it on purpose . He appears to refuse to accept the facts and truths as mentioned.

Yes, shareholders are ripped off , they are getting poorer and poorer through the depression of the share prices ( basically they are suffering from capital loss instead of capital gain ). On the other hand, the Management only know how to enrich themselves through high remuneration and perks by exhausting the cash resources month in and month out .

They could have distributed dividends to the shareholders as rewards but they never intend to do so since inception for the reason of "growth" by ploughing the earning for reinvestments. The Investors are longer to be fooled this time round and many believe it is a scam in hindsight.

Due to its hostile dividend policy since inception, Jaks has been ditched by investors. This is evident from its difficulty to raise equity funding through RI and PP ( Internal funding).

Meanwhile, its low gearing ratio is basically a " disguise " due to its massive number of shares in issue over the years. Indeed, Given " the disguised low gearing ratio" ,they can borrow more but it is believed that no funders are keen to provide the external fundings to them for the obvious reasons. Hence ,they are faced with difficulty to raise external funding too. Without the funding be it internal and/or external, they are " dead meat".

From the way it goes, its share is likely to be depressed to go below 0.20 before the end of this year if not faster.....

open small , I am afraid. It is back to 0.50 and below....

WTF is going on ? why suddenly is plunging today?

Those who have chased high are said to be crucified sooner than you could imagine. The sudden surge has been motivated with agenda and the surge is unstainable. Basically, it is a mirage.

good news is that they have reduced their losses.... nothing is worth to celebrate

Breaking news to come, harbingers of downfall to come.

Based on the following additional requirement imposed by SE , how many more QR does AA need to show ? 2 upcoming ones or just one more QR to go??
--------------------------------
AAX is now required to show four consecutive quarters of net profit due to concerns about the sustainability of its business,” an analyst pointed out.

you raise me up or we raise AAX up ?

The train is just moving,it is not too late to go on board.....

Next CEO of AA? Miss A . Please make sure no " topless posture " to be shown like her Dad as if like father like daughter ....

or Stony is the victim of his own circumstances ie showing his own " topless " posture which has revolted the decision makers of SE ?

Stony is the victim of the circumstances ie MyAirline run by conmen allegedly

Those who have chased high and are still clinging the lots are advised to cut losses immediately. AAX is reported to be in a daunting task to come out with the RP without which the fate of Cap A is doomed. Hence there is no chance for the share prices of both companies to spike if not depressed further

You may recall that eatcoconutcanwin bought AAX at around 1.80+++ a few months ago. I hope he has sold all ar above 2+++ otherwise he is back to square one....

The morale of the story is never hold for long term....not in a millions years...

It is said that the cause of decline in MV was due to the " topless of stony" . If this is true, the "bottomless of stony " would make AAX penny stock ?

Because of the " buy call" by Mayland,many are cursing them like hell ......it is expected to plummet further in days to come......

Stony never intended to submit RP of AAX from day 1. Stony can not continue to push his way in the face of the odds. SE is adamant to have the RP of AAX , which is prerequisite to the survival of Cap A. As said, SE is to uplift both or none.... Stony's tits and nipples are hanging if not dropping now ......

Facing with the daunting tasks ahead , it is believed that AAX's share price is expected to nosedive further , dragging down the share price of Cap A. Thats why I say , the cheapest has yet to come for both. Get out of the kitchen now as it is on fire spreading fast and furious.

Collection at your greatest risk as the cheapest has yet to come....................

AAX must submit RP or face " delisting " . Without upliftment , AAX is now in the limbo and difficult situation to negotiate with Cap A. With the descending share price , AAX's MV is also descending and jeopardising any possible merger with third parties to take over Cap A.

All have been massacred into bloody red river.......

The marriage of AAX and MAS is out of the question due to different objectives , one is maximisation of profit and the other is Breakeven..... How to tie the knot?

The existence of MAS is just for the reason of a national pride only . Making money or not for them is secondary. Breakeven is their target every year now , needless to mention profitability....not in a million years

Since you have already emphasized that " CapA death or alive depend on AAX but not the otherway." , then whose RP is more prerequisite? I think you got the answer......

It is believed that stony would appeal but it is expected to be rejected by SE for the reasons already mentioned above.

Thats why stony is reluctant to submit RP of AAX as it is believed to be involved in capital structure among other things which would piss off the shareholders of AAX

You seem to be in the state of confusion. There is no need for both companies to submit the RP together .RP of AAX is closely embedded to the Cap A . Hence RP of AAX is prerequisite to the RP of Cap A. Basically, RP of Cap A is said to be secondary and unnecessary.

As reiterated many times , stony never intended to submit RP for AAX from day 1 and resorted to shortcut of relief of upliftment. Following the rejection of relief ,he is even insinuating that he will appeal. As highlighted , since AAX and Cap A are not mutually exclusive, SE is expected to reject the appeal which would depress the price further

If I were stony , I would just submit the RP in time to save the asses of both companies . Deadline for submission of RP has been fixed and time is running out second in second out...................

@StartOfTheBull

Exactly . Its both or never. Both AAX and Cap A are not mutually exclusive ie they are closely tied together like the conjoined twins who are inseparable .

It is sad to hear one commentator saying a plan is not a big deal. Well , a plan is a big deal as it will show how Cap A is to be redeemed from death. No plan, no direction, no way out .....

It is acknowledged by SE that AAX is profitable but it can not grant relief for upliftment to AAX alone without uplifting Cap A. It is both or nothing.

Unfortunately, Cap A is far from satisfaction in terms of gearing level.Relief for upliftment is out of the question.It must be assisted by AAX through its RP. Too bad for AAX.

No RP for AAX , no upliftment and the same goes to Capital A .End of the story

As said before. Upliftment of AAX and Capital A is not mutual exclusive . No such thing as one can be uplifted while another one can not... Upliftment of both or nothing.

Stony never intended to submit the RA for AAX but hoping the SE would grant him with the relief so that he can just submit RP for Capital A..

I have said it before. Upliftment of AAX and Capital A is not mutual exclusive . No such thing as one can be uplifted while another one can not... Upliftment of both or nothing.

It is believed that the promoters must have fanatically kept averaging down and got their fingers burnt

Now they are promoting hard in desperate moves to recoup but its of no avail.It is going to be stagnant if not depressed further

Jaks has been calling for the wolves so many times and turn out to be false hopes in the end

Jaks is expected to decline below 20 by the end of this year if not faster...

Jaks is expected to decline below 20 by the end of this year if not faster....

These so called " promoters " of Jaks have abused I3 forum where they start to hurl slanders , gibberish etc when their posts are refuted with justifications and true facts. They are bunch of egoists who are delusional of the highest order. Parasites of I3 .

No dividend payout in the past and the proposed DRP are the demonstration of cash stricken with which the company has been faced since inception .No wonder they have been relying on RR and RI to raise fund for their projects as a result of which the share capital has been ballooning to 2.5 b as at to date. External borrowing appears to be out of the question in view of its pathetic financial situtation.

The low gearing is basically a " disguise " due to the difficulty in raising external borrowing and enormous increase in share capital through RR and RI over the years since outset.

Despite of of massive Accumulated Profit : 343,661,000, Jaks has never rewarded its investors with dividend. It even has proposed DRP to avoid payment of dividend and use DRP as a lame excuse of reserving the fund for investments. What investments are they referring to ? Basically ,all are building castle in the air. No parties are keen to join with them for future developments given their pathetic shape.

No matter how the promoters to hype on jaks to win the argument swith gibberish or what , the investors are not gullible to be drawn and are more than capable of discerning what is nonsensical and otherwise.

Stop misleading others with your ill-information and prejudiced perspectives....

You are procrastinating to hype on this counter. Get a fxxking life , please .

MV= P/E ratio x EPS. For Jaks , PE is approximately 15 and EPS is about 2.5 on average so MV should be RM 0.375 . but why is it still bloody stagnant at 0.20-0.21?

The current reflection of share price of 0.21 can only be interpreted as " pathetic" due to its poor demand where most investors have ditched/sidelined this counter for the obvious reason(s).

Faced with serious cash stricken,it is expected that another cash call via Right Issue (RI) would be raised in order to subscribe for additional 10% ownership interest in JHDP which costs around USD50 - 55 millions (RM230 - 250 millions) under option.

Given the pathetic current share price ,Do you really believe that the existing shareholders would exercise the option by taking up the RI even though the payback is 5 years with handsome profit?

With the current MV of 0.21 which has been stagnant with no sign of growths , majority of the existing shareholders are said to be pissed off with the company for their huge capital loss suffered and likely to refuse to subscribe for the RI in protest.

On the other hand,the material litigation with star is yet to be over. It remains to be seem if the company could win the case or not in the Federal court.it is said the chance of winning is to be 50: 50.

In short,the worst has yet to come.....

Referring to the proposed DRP , basically, the company is telling the whole world that they would declare " Dividend" but they are unable to pay . They are insinuating that they are cash stricken . They dont have " hard cash" to pay ie no physical payment of Dividend but merely for accounting purposes. Their reason given to you is that the company is in need of fund as working capital to fund the oversea projects.

To put it another way, the company is severely faced with difficulties to raise funding be it external funding ( the external borrowing to date stands at RM 600m and needless to mention PP and RI . RI is out of the question given the bad shape of the company. The only option left is PP. Even For the recent PP, despite it is not sizable , the company still finds it difficult to raise as a result of which desperate time extension is sought to complete the PP. so pathetic. More to reveal.

From your posting, the share of JV profits is shown to be reducing in the interim which signifies that the projects are near completion if not completed. For this reason, the cash inflows should have been improved with the collection and return of retention .Why is the cashflows still depleting fast and furious? The proposed DRP and time extension of PP tell it whole.

The proposed DRP is really a mockery to the investors. Dividend declared to you but no physical payment. The investors are believed to be very pissed with this proposal. Fundamentally speaking, the investors are looking for two things in their investment returns. First is the " Dividend" and second is the " Capital gain through appreciation of share price ".

As at now , No physical delivery of dividend , No appreciation of capital gain but capital loss , on top of all things , the company is appealing to investor to pump in more investment through PP and RI. Do you really believe that the investors are keen to continue to support the company ? Basically , the investors have lost confidence in this company.

The debt to equity ratio is " healthy " in disguise due to its massive share capital of 2.9 b . The massive share capital has basically been built up through issuance of warrants , PP and RI over the years with the agenda to keep the debt to equity ratio low as a means of window dressing.

However , it is believed that investor including the existing shareholders are no longer fooled to invest into the company through their further issuance of warrants , PP and RI and likewise the lenders are no longer keen to provide funding irrespective how " healthy " the Debt to Equity ratio shows. Thats why the company is faced with difficulties to raise fund be it internally or externally from now.