Nearly 80% of PA is undertake by the majority shareholders. 7145 doesn't need AP and 11 AP holders will seek for sand business from 7145. 7145 can go anywhere to buy sands with free move as long as PO is still on hand. The AP company currently incurred loss making and joint venture with Kangar listed company. It is a very small company and license lapsed on 2027. This company is unable to provide so much sands for 7145.

等三天，马股就开始又沖天了

Please read carefully. Kangar is an authorized representative of AP landholder only and doesn't have AP. The AP holder license will be lapsed around 2027.

No sand business means no fundamental at all to be discussed. U r very greedy n wish to dig gold instead of sand. U better to invest other counters, this counter if can't get sand will go to pn17. To save your money, u better go to invest somewhere. Please don't see your message here

Not yet starting selling sand, 7145 already collect cash of $40m from 7145PA conversation within this quarter. Where to find so easy cash without doing business? Directors can enjoy the money without doing anything. It is much better than other listed companies to find profit. God gift, Very fortunate.

The joint ventute is able to supply total 30 million cubic meter up to 2021

7145 doesn't have sand permit at all and 7145 can legally sell sands to any buyers. Investment in 7145 depends on your greedy enough or not. If you not fall into this greedy category n simply guess here and there to raise question without personally study for guessing answer. You may pass the exam or fail but don't simply spread rumors for your weakness knowledge.

QP $10m, EPS 2.06 cent, profit up by 2327%. Over two thousands %, wah

7145 turns out at least net $10m cash company after minus bank overdraft, a debt free will reflect for the fourth quarter result. This report yet to include sand business contribution. Report look very good. Currently cash at hand $22m, next quarter will be double figure if not settle off overdraft outstanding

Even vote of confidence go through without changing current political parties to manage government, people or M still find unending fault or promote to the public that this is back door government. As long as the administrator is not your parties even they passed through legal process, u always try to say bad with your own way of law. Market is very good under this government, do we want to change into uncertainty again?

Who is behind GKI to give such big amount of PO? If anyone know the company well, you can invest in 7145. Otherwise u better go to invest other counters that u feel comfortable with the fundamental value u like. So u don't need to ah chi ah cha to raise questions here then to get answer for your betting.

Should expect a backdoor takeover from Hong Kong businessman, I also collected more than millions of shares lately

"O'Brian ask you to go Ssm buy report to check polo speciallist trading background, have you done that baskoro? After do your homework please send a message over here what is that company, who owns it and confirm that Ap over here, talk big no substance still care to give advice? Boooo" as mentioned by Babi King tried to find free of lunch.

If u think u know the answer, u keep yourself for your own reference as u share out to us also can't benefit you. Let the serious syndicate to test the market.

The knowledge is so weak and clever to spread rumours to raise question get answer without doing study

Less hope for the moment until converters finish convert and unload to the market then see how

Any benefit from HSR? Why last minute was moving up?

NTA Already $0.51+ cash per share $0.03, compared to 0081 GPacket with unseen future profit but flied up to sky rocket, this 7145 is strongly undervalue and so public viewed $1.20 is not surprised with acquired sand business of $27.5 b. It is a huge order to buy from AP sand holders if not cancel once LOC received. How about go up to its NTA value?

Wah, kenie provided so many insider information to evaluate the future outlook of 7145. Regarding to the former PM policy, he always is a negative thinker as well as problem Maker and since no more as a PM then his implemented idea is outdated.

Regarding to the PA converted, there are all public shareholders who sent for conversion, except 80m from two directors.

The main concern of 7145 as a trading role is whether GKI will be awarded LOC or not to funding sand purchase. This challenge turns out of exciting on share price movement.

Including family wealth also gone

Court grants order to freeze RM169 mil of Ricky Wong's assets | https://www.klsescreener.com/v2/news/view/675043

Don't simply transfer listed company's wealth from left hand to right hand nowadays

Dato Like and another Director are willingly paid cash of $0.13 to exchange 80m of 7145P to 80m of 7145 and not cash free of auto conversion. It implied that 7145P at least monetary worth of $0.13.

Under covid period, DPS turns out a cash cow with no debts company, very good management n performance

Besides another insurance claimed around 11m will be received soon. So cash at hand per share of both claim should expect 3 sen more that excluding solid assets that DPS held

Cash at hand in DPS account is 1.8 cents, then assets? So how can this company is only worth 3 cents?

Just in case you did not see... IDSS ( short selling ) vol jump from 46K to 99K in just a few seconds. Tell me, if this is not stock price manipulation, you want to call it what ? If this is real investor dumping KNM shares, surely IDSS vol will not increase that much within seconds.

As Sardin said it was true scenario, hope everyone can understand. In fact IDSS nothing good to the market except Bursa make a ton of money from clearing fee. U can name Bursa is the one to support a big manipulator for its profit

Now the IDSS traders sell down on small lots basis to induce investors to throw out

The new PM may last for a week after Parliamentary session due to PH will vote against him on his PM status. Don't over exciting on this counter limit up

As Peter said during AGM, he really needed working capital to do business, especially once he received money from insurance compensation

I guess market players will play it's warrant to zero value before mother share moving up. The suspension date is 07-04-20

We should advise the board of DPS directors to lodge an investigation against Teh Diven to misled public investors and to spoil company reputation about DPS due to his investment loss in DPS share investment.

All the penny stock gradually is moving up. Some even moved up more than double, hope this counter will moving soon by interested traders

Non sense, the fire is real but manage to misled investors and sold so much at 0.055, trap

Now IDSS 30000 mostly done at.37 and the others of 0.37 is sellers trade with a total of 67713 at.37

IDS 14253 mostly done at.37 and IDSStraders block at 0.37

The compliance is just a guideline. No real enforcement except self-disciplining. What SC intention as quoted by Mabel is to force the loan outstanding of the engineering company to borrow money in future from conventional banking market into the Islamic banking market. Once KNM fulfills the borrowing model on certain percentage of loan portfolio, it will fulfill SC condition. This is the game of Shariah of our stock market policy. KNM can continue to do business as normal but local investment institutional funds are unable to tape the fruits from KNM if this company has a bright potential future.

Hope that this will be able to follow Tiger counter with huge volume soon

Long position loss money today

KUALA LUMPUR (Nov 1): Tycoon Tan Sri Halim Saad said the board of Sumatec Resources Bhd is still confident of keeping the company afloat, following the announcement of the indefinite suspension of its shares starting next week.

In a statement today, Halim said that Sumatec had, after its restructuring in 2013, assured shareholders that it was debt free — the condition before his entry into the company.

“The company invited various members of the business community (some have resigned since) and all members of the board were independent directors.

“Neither I nor my partner, Abu Talib Rahman were appointed to the board,” he said.

Halim, who has been in the limelight recently after he joined the race to take over PLUS Malaysia Bhd and Gamuda Bhd’s four toll highways, explained that in 2015, a corporate guarantee that was given to “so-called” creditors had surfaced.

And that the company seal was used by two non-executive directors who committed the company to large legacy debts, which related to shipping.

These debts was supposed to be settled through the restructuring exercise in 2013, with the disposal of the shipping business, according to Halim.

“The board did not authorise/approve the guarantee and the use of the company seal. We consider this guarantee as fraudulent and have taken legal action. The matter is still before the court.

“In the meantime, a winding-up order was given and this led to the suspension by KLSE (Bursa Malaysia),” said Halim.

After the guarantee surfaced, Abu Talib appointed himself to the board on July 1, 2016, to handle all court matters.

Halim was appointed to the board on March 30, 2018, to help with the situation, the statement said.

“Sumatec was always short of cash and I have been supporting the group since then. At the peak, I advanced RM86.5 million directly to Sumatec and around RM81.02 million indirectly for the oil and gas operation,” he said.

Furthermore, Halim highlighted that he currently holds only 3% of Sumatec.

In January this year, he ceased to be a substantial shareholder of the company after disposing of 197.3 million shares, which is equivalent to 4.63%, on the open market for RM1.1 million, leaving him with a 3.168% stake.

Nonetheless, he was once Sumatec’s largest shareholder, before he began to pare down his stake in the company in 2018.

Halim had a direct interest of 540.18 million shares or 12.7% of Sumatec as at March 21, 2018, according to the company’s 2017 annual report. A year prior, he held close to 20% equity stake in Sumatec, the annual report 2016 show.

Sumatec has been categorised as a Practice Note 17 (PN17) company since April last year, following an announcement dated Oct 17 when the company said it had received a winding-up order in respect of a winding-up petition.

In the Oct 17 filing, the financially-ailing company said it will be appealing against the High Court's decision in respect of the winding-up order.

The company slipped into PN17 when its external auditors Messrs Grant Thornton Malaysia expressed a disclaimer of opinion on the company's audited financial statements for the financial year ended Dec 31, 2017.

The group received a petition last August from its bondholders demanding payment of RM83.31 million from three collaterialised loans they had extended to Sumatec.

The bondholders, namely Kerisma Bhd, Capone Bhd and Prima Uno Bhd, first called up the debt in 2017 via Malaysian Trustees Bhd, after terminating a settlement agreement on the facilities.

Sumatec was the most actively traded counter on Bursa today with 312.83 million shares changing hands. However, its share price remained unchanged at 0.5 sen at the closing bell, giving it a market capitalisation ofr RM21.3 million.

Prine4, 搬这么东抄西抄清盤法理，谁想去知道，只是我们想知道交易所为何未审先判有如Halim所言对方不合理诉讼才会有法庭上爭执性。那么案件还在审理中，为何交易所勒令停牌似乎在保护银行利益多于上市公司利益？
02/11/2019 9:19 PM

”prine4说为何交易所勒令停牌？这种情形停牌就是保护其他投资者在丢钱进去买要倒闭/破产的sumatec。大家都知道停牌就是自己的钱被冻结不能买卖快快卖票拿回本走人，只有你无厘头不知道风险及高和严重性” 真的现实是如此吗？

你Prine4根本声东击西回答问题，有谁不知道PN是个警告，问题是你交易所勒令sumatec停牌是基于銀行利益而不是上市公司与市场的大衆利益，那么任何一间上市公司皆隨時躺着也中枪，你沒看有很多上市公司有诉讼案，那么你去全判他们进PN吧！强词夺理。一直他要倒闭或破产，一间扣完债务还值5亿元资产说sumatec己要破产，除非账目做假。

现在是交易所有否公正执行PN抑或立场偏移来处理此事，为何交易所基于未审先判的诉讼而把他丢进牢狱改天一但解决诉讼再放他出来。这进入prine4的圈套，天天告诉大家这公司要死了趕快卖吧！另一边有人就冒险则趕快暗地里收買。而无知投资者则被PN现实弄到两头不到岸，结果有人拿点钱收買这高风险则赚到满堂红。目前sumatec只剩这2013有爭执性案件因不認同前董事欺诈而公司不赔钱导致銀行告sumatec清盤的诉讼案，Halim希望能够等诉讼解决则再处理重组。结果交易所的公正与否的官字两个口的行动给投机者一个机会，所以各位自己决定吧！

https://www.theedgemarkets.com/article/sumatecs-board-remains-confident-keeping-company-afloat-says-halim-saad#.XbwKfaoVK2g.facebook

Halim is so positive, then who is behind to sabotage his efforts and not work together to bring back company lifted PN?

I guess Old man Koon also joined KNM as a goreng King?

Against Chan....

Civil suit by Sumatec Resources Berhad ("The Company" OR "Sumatec") against Chan Yok Peng and 6 others (Malaysian Trustees Berhad, Kerisma Berhad, Capone Berhad, Prima Uno Berhad, Hoe Leong Corporation Limited and Setinggi Holdings Limited)

The Company wishes to announce that the 1st Defendant and the 2nd to 5th Defendants in the civil suit filed by the Company on 25 January 2019 have applied to strike out the suit (“Striking Out Applications”), and the Striking Out Applications have been scheduled for hearing on 14 August 2019.



This announcement is dated 5 August 2019.

Another favorable court decision is on the way

YouTube video provided investors are going to have good celebration with beautiful girls at Kazakhstan after announcement

Expected to be lifted PN 17 soon,
As per announcement,
921 barrels per day for 2019 with US$65,
the revenue =RM90m for 2019;
After mid 2020 will produce 1600 per day
Revenue=RM123m.
Current NTA RM0.091 after minus provision for liabilities of RM255M

No, Nazrin93,u r new, please search a qualified remisier. It is better than to waste all the traiming course money.

IDSS is 3%of total issue 2.6b=781m

Game over, see you at the end of the year

From the replied of directors, they are well planned to the business. Well done and thank you who attended the meeting