By appealing to Bursa would mean there is still hope for a Happy new year. Bursa should be viewing favourably to the extension request given that the P Kamelia legal issue had to be resolved on Jan 16. Perisai will remain suspended till then. My confidence in its listing remains... Cheers

@fastranger... Let's ignore that foreign object. It's not worth it, for his 3rd P is Profanities. We wait for the decision by Bursa on the listing status of Perisai. Hopefully it's a really Happy New Year... Cheers

@scwmike8... Taste your own words. Enjoy it.

His SHIT & 2P's...profit & period. He is really a 1st class IDIOT...

The most IDIOTIC MORON is back...

Jan 16th is past the deadline by Bursa. The counterclaims are equally tough which includes damages claim. I will be surprised if there is a amicable settlement on Jan 16. I am waiting for the announcement on the listing status of Perisai... Cheers

@Happyflow8888... The butterflies inside the stomach of the Creditors are bigger... Ha ha. Our losses compared to them are kacang putih...

@Mabel... Which way? Ha ha

@RICH MAN... You have a BIG heart. Cheers

@TAK1... I don't think the RM1.0 billion suit is part of the arbitration. I reckon Petronas wanted it included... nothing left hanging over its head. It could be a strategy to have it included. Cheers

@investortrader88... A setback...

@investortrader88... Sudah kahwin with Miss Universe kah? Already on your honeymoon cruise with your catch kah?

Yes, another new low touched. Overall market weak. Expecting another plunge in DJIA tonight. 3 weeks to go... direction will be clearer then. Cheers

@investortrader88... Are you still at the Miss Universe queue?

The 2.5 sen support level don't look breakable...

@arman70... You said it all in just 3 lines. Thank you

@fastranger... They just paid RM175k security bond... about 10 days before the AGM

@ronaldolow5479... At the AGM it was stated that the regularisation plan must include the business contribution of P Kamelia. We know that she currently being detained. Perisai are currently waiting for her release. The deadline is getting nearer. Since every efforts have been made, I can only see Perisai appealing for the extension of suspension instead of immediate de-listing. Cheers

@fastranger... Again, you have proven that the Clown is so predictable...Ha ha

@Happyflow8888... That Clown don't hold any Perisai shares. He just want to be a clown...Ha ha

@fastranger... You can really tell what's coming next. That fellow is so predictable. What a Clown we have here...

Ha ha... Petronas Carigali awarded the contract... worth US$7.6 million

@fastranger... Ha ha... that was a good one. Cheers

@fastranger... Towards the end of 2014, the world crude oil plunged which saw a major pull-back in investment in the O&G industry worldwide. Petronas too postponed it's investment in Canada. During such economic downturn it is only natural to see companies involved in the O&G go into financial difficulties. Perisai being one of the companies. I embrace distress companies caused by economic downturn & will continue to have confident in them through their challenges. Cheers

@fastranger & @ronaldolow5479... Whatever said thus far, I am still very confident Perisai will not be de-listed come Dec 31st. It will however continue to be suspended...I have to admit Perisai is very ill without Perisai Kamelia.

@investortrader88... Very true to what you said... It's indeed a lifelong journey.

At the AGM, the Management indirectly mentioned that it needed more time to sort out P Kamelia's issue. They have done what they possibly could do to have P Kamelia released. When it will be released is now with the court. We can expect another extension, if Bursa agrees to it.

@investortrader88... Wahhh... you guys read such books. No play play man... I only see comics

@investortrader88... I think next week should be an interesting week for Miss Universe. Ini macam, I think I better join you... Cheers

@Happyflow8888... Oh...

@fastranger... The QR is out yesterday

@investortrader88... Want to join them next week kah?

@Happy3933... Your piggy bank never stops flowing. Good for you... Ha ha

@scwmike8... If you feel fine, can we then have a more matured exchange of opinions. We don't have to use profanities in our exchange. Profanities leaves bad taste behind. Let's have friendly discussion... Thanks

@scwmike8... Seriously speaking, I think you need medical help. This I3 forum never fails to trigger your anger. It's an indication you need help. Regards

@Mabel... I find the Management under the guidance of Zaid Ibrahim the very accommodating type. It's a good beginning. We can expect more good news in the coming weeks, especially from Petronas... Cheers

Opinion aplenty. Ask yourself what is the best solution out for Perisai. I must emphasised that Perisai has a debt of RM1.2 billion. Every one knows without the listing status, Perisai will immediately go into liquidation. Whatever can be said, I still strongly believe Perisai will not be de-listed. And re-listing Perisai is not against the law. Cheers

Captain Mabel... We are going for a cruise round the world in 60 days... Let's enjoy the sea. Cheers

Only Bursa. If you are listed on Bursa then you play by their rules. Hope you can appreciate the differences between rules, guidelines & laws... Cheers

Yes, if Bursa were to decide strictly based on it's conditions set & profitability, Perisai which is a distress company due to the economic downturn since 2014, need to be de-listed. No doubt about it. I know for one, shutting down listed companies arbitrarily is not the role of Bursa. You guys actually have the answer... Cheers

@Happy3933.. Ha ha... Cheers

@Happy3933... That loss of RM269 is for a 18-months period, not 12 months. Barakah has changed its financial period. The current report is for a 3-months period... Cheers

Legal matters... Zaid Ibrahim is showing his mark in Barakah. He is definitely adding value to Barakah. Barakah will have lots of stories to tell us at the AGM...

@Mabel... Ha ha, not ahead of you guys. Only had very few counters to monitor. Cheers

Barakah has gone into arbitration with Petronas... this is a good news

The next stage after receiving approvals to all its resolutions is for the Investment Bank (IB) to come out with a rescue plan for submission to Bursa. Perisai is not able to submit the Corporate Regularisation Plan as expected to Bursa because of the P Kamelia issue. For as long as it is being detained, P Kamelia cannot be in service to generate revenue or bidding for contracts.

It is not only us, the retail shareholders who are anxious on the listing status of Perisai, the secured & unsecured Creditors are equally anxious. The long list of Creditors includes commercial banks both local & foreign.

Is Perisai too big to fail... Let's hope for the best

@Happyflow8888... We wait till Dec 31 to see the response from Bursa.

From what I gather & the reason why the Management were cautious in their replies... is centred on Perisai Kamelia, Perisai's key asset. As we all know P Kamelia is currently detained and not in operation though the Management is currently working to uplift the detention. This is the only condition I believe Perisai is not able to fulfil. As a result Perisai's listing status hinges on Bursa's kind consideration.

Implications to arise if Perisai is de-listed as a result of P Kamelia issue. .. Corporate restructuring exercise will collapsed & RM1.2 billion debts will never be recovered.

Yes, I am still confident Perisai will not be de-listed. Just encountering challenges along the way.

Anti-climax indeed. Cannot celebrate yet...

Meeting over... Let's wait for the press release to know more