Entry 0.44 now, after Right the average cost per share is only 0.23 plus free warrant. Good for latecomers.

They want to reduce the parity between current price and exercise price of 0.175 ready for Right. If yhe parity is to big, may hv to go back to SC.

They want to 'cleared' short term, contra players, punters, speculators, opportunist etc to stablise the price b4 announcement of Right to make sure success in the restructuring plan. Welll done Suma new mgmt team..

10 Points to ponder:-

(1) New Board members (Tan Sri HS and team - many high profile ppl including bro. of PM, Ex senior Petronas mgmt and from MNC O&G)

(2) Biz focus in Kazakhstan O&G (expect turnaround by end 2013 - show profit)

(3) Right issue to support O&G biz (on going, first 2 yrs profit 100% for Suma) and settlement with creditors (debt free soon)

(4) Private placement to K-goreng Chua (stock he 'touch' sure up one - proven) .

(5) Out of PN17 very soon (in Q1 2014) .

(6) Flagship listed co & one and the only one for Tan Sri HS now (come back to corporate scene & must success)

(7) EGM passed, most of the approval obtained. Right announcement on the card now..

(8) The Proposal does not involve reduction in share but merely reduction in the Par value, so no impact to existing OR shares. 1 OR share can get 4.1 right shares at 0.175 sen only! Chance to own more OR plus FREE warrants. Bestnya !

(9) Since the entry of Tan Sri and Proposal, existing bosses exercised their ESOS to increase their share and to benefit the Right issue and free warrant. So far, NO announcement of disposal by these bosses despite good price now. They are holding it or accumulate more more more..

(10) After Ex-Right, the OR share price is less than 30 sen considered very very cheap and still penny stock. Opportunity to goreng up up up again ....... another round , haha.

Happy Investing Everyone!

Short term speculators and contra players start to worry. Long term investors should not worry bcos is a new facelift Suma after d Right issue to bring new life for the co. Fundamental still intact.

The past 1 week, few Blocks of Suma-OR shares amounting to 3.13 million shares changed hand by institution. Very intersting this Suma.

Listing of addition warrant also cleared http://www.bursamalaysia.com/market/listed-companies/company-announcements/1382161

Existing bosses of Suma exercised their ESOS in big way to increase their share ans also enjoy the right issue and free WB. Look like the Right issue is very soon based on the recently approve EGM schedule is August. Could b this week or latest Sept since most approvals from SC obtained. WA arrangement also announced so price steady now. Today bargain hunting again....

Index down 30pts again, ratio of 1 gainer vs. 30 losers but WA still steady and OR marginal down. Well done Suma! Keep it up Suma.

Good to take a break, sit back, recharge and more energy to push up again.

Opportunity to bargain hunt again

SUMA Engine still warm but hv to brake for police in front (SC issue UMA) and so many casualties left and right yesterday (loser:gainer at 1:16). Even index taiko MBB also down badly.

Is strong market force. Bursa down 32.9 pts.

Can bargain hunt. ...

2 posibilities for existing WA: (1) Exercise price adjusted down or (2) additional Wa to be given. After X date Wa price also down. For those who exercise the right with free warrant call WB. Which one is better?

Good news to stimulate right issue. Can sustainkah d high price now?

Manage to run 0.55 some. Put in pocket first.

Run Run Show. ..

Daud, they send a 1 inch thick prospectus to existing shareHolder b4 the EGM to aprv right issue. A lot of infodata inside. Can check with remisier.

Hi beelee, r u residing in Perak state now?

Hi Sr Charlie, thnk you for your sharing. Agree that there is more upside in this co.

So far, hv u cash your raya $. Since EGM, new parties is accumulating both Or and Wa. Steady vol and price bwfore Ex. Stream of news will b announce cum and ex. Watch out after raya. Happy investing everyone.

Although the previous mgmt team try to revive the biz, very unfortunate for earlier investor. Once loss twice/triple shy away. Buy now the team with Midas touch, time to relook and reconsider Semuatec.

WhatsUp?
(1) New Board members (Tan Sri HS and many high profile ppl including bro. of PM)
(2) Biz focus in Kazakhstan O&G (expect turnaround by end 2013 - show profit)
(3) Right issue to support O&G biz and settlement with creditors (debt free)
(4) Private placement to k-goreng Chua (stock he 'touch' sure up)
(5) Out of PN17 soon (in Q1 2014)
(6) Flag ship listed co for Tan Sri HS (must success)
Happy Investing Everyone!