@Mabel... Yes, Hans Zimmer is a great composer. Soon we will be free.... to dream

@Happy3933 & @Mabel... You both are hilarious. Thanks. The Meow Meow sound is deafening to @T800

@T800... You are very focused & determined. Good for you. Cheers

@Mabel... This is speculative but hopefully it's a dream come true. In the event Rights issue becoming true, the market price will have to rise upwards. The underwriters or the IB's will see to it. Without the price moving up, retail investors will not be encouraged to participate in the exercise. Cheers

@scwmike8...I would suggest you attend the 16th AGM. Views from the BOD on the direction of the company is for your asking. Don't forget to share it with us. Regards

What's in store for Barakah after the coming AGM is going to be interesting. They are finally taking measures to lift themselves out of financial distress state. The corporate restructuring exercise will see Barakah in general, adopting measures such as shares consolidation, issuing loan stock, rights issue & warrants. The exercise will see Barakah reborn into a debt-free company. Meaning, we have one less challenges ahead. To me, its a good start for 2020...

@Mabel... Spot on on T800Terminator... one sad casualty inflicted by the cruel stock market. Ha ha

@Happy3933... at 2.5 sen, I see active buying. I find it rather encouraging...

@Happy3933... Yes, it's good to be back. I got some last Friday. Looking to buy again at 2 sen... Feel kinda sad to those selling... at its lowest

@Happy3933 & @Mabel... it has been a good rest. On a serious note, if you go through the circular Barakah issued for the upcoming AGM, especially on its new constitution you can tell Barakah is instituting corporate restructuring exercise after winning approval from it's shareholders. Elements of shares consolidation & rights issues will be incorporated in the restructuring. The interesting part is that Barakah will have to inform Bursa, latest the following day the approval received from its shareholders. From what I can see, backroom measures are already in place to put Barakah in a healthy position to face the challenges ahead. Cheers

@ronaldolow5479... What you heard will become official once Perisai announced it thereafter after the AGM. There will be no immediate consolidation of shares once Perisai resume trading. I am not ruling it out at a later stage.

@ronaldolow5479... Perisai need to be remained as a listed entity. Executing O&G projects needs a lot of money. It is easier to get financing if you are listed. Perisai will not work against itself. It has all to gain by remaining listed. This, I am very confident...

@ronaldolow5479... Yes. Perisai will be back. I must also add... it's medicines prescribed to gain its health can be expensive to us.

@ronaldolow5479... It is not a lousy plan. Its just not to Bursa's satisfaction. Perisai have been in consultation with Bursa for guidance on this issue the last few months. This point is in the AGM booklet.

@ronaldolow5479... The objectives are the same. Both are to put Perisai in a firmer footing & better financial health. However, the medicines to be prescribed for the recovery process can be a little bitter in taste.

@ronaldolow5479...I agree with you. Let's all wait until the completion of the AGM. Things will be clearer then.

@fastranger... I don't think I dare say anything on the expected market price upon re-listing. I normally leave it to the market forces to determine the price. Cheers

@fastranger...I also think Jan 2020, just before CNY...

A Corporate exercise will be instituted after the passing of all resolutions at the 16th AGM this Nov 28th. This corporate exercise will then be submitted to Bursa for approval. You can expect the lifting of the suspension thereafter. I am confident Perisai will not be de-listed...

@Mabel... They have announced the AGM is December 30. You can see the announcement today. Cheers

@Chun Loke Low... At long last your thoughts. I3 forum is for friendly exchange of opinions. Yours.. don't deserve any reply.

@Mabel... The announcement for the 7th AGM was made on the October 17. Date & venue have yet to be announced. Cheers

In drawing up 5-years or annual marketing plan, assumptions are used. Drawing up corporate exercises, assumptions are also used. In economics, assumptions are widely used. What's the setbacks in assumptions?

@Mabel... The 7th AGM is to be held soon. Perhaps its a good platform to extract vital informations from the BOD...

At this price level, it is always better to Buy & Forget rather than Buy & Abandon... Just hang on & see how things will develop.

@Mabel... My take on change of management would mean... a friendly takeover. Its definitely a good option...

@Mabel... It's unfortunate that they chose to continue to work like the pre-historic dinosaur... depressing the market price in an already weak market. Good Night

@Mabel... This is interesting. If only the person in-charge of Barakah margin sale read whats written here too. Only then the sale execution is not strictly & blindly implemented...

@Mabel... Many thanks for the post. What I meant by contacting Petronas is actually writing an email to them... on behalf of the many retail shareholders of Barakah. See if they are polite enough to reply...

@Mabel... Do you think it's a good idea to contact Petronas directly for their comments on the status of Barakah? It will indirectly reduce the number of assumptions we have. I will not be surprised if.... No Comment, is their reply.

@Mabel... If I may add, I believe Petronas have never question the technical expertise of Barakah in implementing its projects. Its frustration with Barakah is strictly financials. O&G business are highly geared. This is also another reason why I find the suspension a very extreme act & unjustified. Regards

@T800... Petronas, being part of the government's entity, has the responsibility to develop the O&G industry in Malaysia. It is obvious the many benefits to the country if home-grown companies are nurtured to be world's best. Reprimanding a company to the extent of seeing it going bankrupt is against such policies.

@Happy3933... with the latest on Exim Bank, I had this question playing in my mind... Would Petronas want to be responsible in making a bumiputera-run O&G company going bankrupt or to guide the company to greater heights. If Petronas were to choose the former, Petronas will go down in history as the most irresponsible Government-owned oil company of the world. I am not one who believes Petronas to be that irresponsible. As a result Exim Bank action, I am of the opinion Petronas will consider urgently withdrawing the suspension against Barakah. Cheers

The issue with Exim Bank has been in the market for a long time already. Its nothing new. I wouldn't be too concerned with this as the market has long discounted such news. @Happy3933... I will be there if it ever drops to 2.0 sen... Cheers

@Happy3933... I am at the 2.5 sen queue since yesterday. I hope to be rewarded by the IB...

From the announcement, Nik now has 2 margin account with the same IB. Interesting turn of events....

@Happy3933... The one thing that I will find comforting if Nik were to continue buying is that he is prepared to sink or swim with us all. In other words, de-listing is a foreign word now... Cheers

@Happy3933... Does Nik knows something juicy coming up that we don't? Cheers

@Mabel... Good question. You can see in the announcements to Bursa today.

Nik got his son to join us to buy Barakah... Ha ha. He has acquired 10.5 million shares, so far.

I feel Barakah will be revisiting 2.5 sen again...thanks to the IB.

@Mabel... I believe many of us here are more concern about the market price. Its a long-overdue wait & it's tiring... Ha ha. You are right to say its a good opportunity time to buy. I am waiting to buy again at ridiculous price if the IB is prepared sell. Cheers

@tiruban85... Good Morning, I don't believe in the target price set by analyst. I leave it to the market forces to determine what the prices should be. My immediate expectation is... lifting of the suspension by Petronas. Once this is realised, all others will follow suit. Exiting PN17 will also become academic... Cheers

@Happy3933... The fat lady have started singing... in the bathroom!! Can you hear? Ha Ha. Cheers

@tiruban85...I fully agree with you. You have gone this far... just hang on. We are almost there.... Cheers

@Happy3933... @investortrader88 already got his 1st prize. Ours.. on the way... Ha ha

@Mabel... Ha ha... The silent majority would agree to the calling Silent Mary. A silent but deadly ship... Cheers

@Mabel... being a Malaysian-base O&G company, Barakah needs the confidence of Petronas. Foreign peers do look up to Petronas for guidance when giving out O&G contracts. With the suspension, Barakah is at a disadvantage. I feel Nik is no longer able to solve the suspension issues diplomatically. The entrance of Zaid Ibrahim could be the key to solving the suspension issues amicably... Cheers

@calvintaneng...Ha ha. Calvin, you write like a clown. I doubt you understand what you have written. I am sorry to say the quality of your so-called analysis written is amateurish.

Events the last few days have shown concerted & serious work are at play to revive Barakah. Zaidi Ibrahim too feels he can bring value to Barakah. I believe efforts are already on-going to have the Letter of Suspension revoked for I find Barakah's survival hinges on this revocation. It is only with this revocation, strategic suitors will find it comfortable to enter into an alliance. The revocation is enough to make the market price fly, which is good enough for me. The PN17 classification , however remains unchanged. Cheers