Why still collecting? Too much money for some people?

No action..went back to sleep

So, Leo....that mean quite bad right?

is this a sign of dying company or a damn high risk counter that people is betting on being able to survive?

Wow, sudden spike in volume......

Waiting for update, anyone has any?....creeping towards 29 Oct now....

Kalau naik lagi .5 cts boleh buka semua bagi tengok

Wow...baru naik sikit sudah buka champagne!!

so, if they forced liquidation with mell terminating the oil fields, they get nothing as opposed to the RP where they might still get 0.15 out of each RM1.....is that the "gambit" strategy taken to get out of this situation for now?

whether calvintan correct or not, we will know soon enough...then all can go shoot hundreds or thousands of arrows at the eagle lor if he is wrong..haha...

If terminated, does the bondholders, etc, still get anything?

Aiya....balik balik also still 1.5ct....

Leoleo wow this forum been quiet all this while...what wind bring you all here ?


so free to keep posting at close shop company stock forum ?
08/10/2019 2:37 PM


They must be here to celebrate the possible funeral of Sumadeath

really quiet....

The Board after deliberation on the Termination Notice has resolved to seek the indulgence of COG from terminating the JIA and Novation Agreement as the Board is in the midst of finalising a plan to regularise the PN17 status and remedy the Winding-Up Petitions. The plan is expected to involve the following components:

(a) A fund raising exercise involving a rights issue to raise up to RM100 million;

(b) Proposed participation by the Company to build a gas processing facility for the processing of gas from the Oil Field; and

(c) A settlement arrangement with the creditors of Sumatec group involving a settlement amount of RM0.15 in respect of every RM1.00 owed to the creditors (“Settlement Amount”). In this respect, the Company will write to the plaintiffs for the Winding-Up Petitions to seek their agreement-in-principle for the Settlement Amount and for a stay in the legal proceedings.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Can Sumatec make this happen?

on a more positive spin NTA =Nanti Tunggu Ada

TP rm1 in 2100

calvintaneng
Do you hear the train of salvation for Netx and opcom coming?
30/09/2019 3:37 PM

Is the train coming on time? or gonna be like several years down the rail....haha

elon musk said USD200K can fly to Mars.

Alex™ Last calllll... Ding dingding... Train movin soon
30/09/2019 9:16 AM

Which way? Train to holland or rocket to moon?

something brewing inside that we don't know?

what interest me is when....if it is going to take another 1-2 years to reach 8c, might as well put investment in otherslah....

Calvin has not sold even one single share of scomi energy.....maybe he has none for selling to begin with?....

what is mid term like? 6 months, 1 year?

wow...why so large volume now?

i missed vasu so much.....

kasim Insider(a substantial shareholder)
Aug-2019 Asiabio Capital sdn bhd Acquired 103,000,000 shares
19/09/2019 3:57 PM

Hmm....Does not make any difference lah...not like this stock will rocket up....

now that sumatec is producing oil (assuming they started production again in July), maybe things might be different now. who knows? guess the mgmt should...haha

interestingly, end oct is also the last day for recently approved PN17 extension. So, D-Day end October i supposed.......

King36, what known is there will be case management towards end of Oct for the suit. PN17 regularisation plan submission is pending on the result of this suit.if positive result for sumatec, then regularisation plan will proceed

volume increases today....

until there is clarity on the PN17 regularisation plan and its dependent factor, the winding-up suits - probably not much movement.

you guys damn positivelah.....either being illusory or on border of being self delusional

Bus cannot reach moon wor.....have to take rocket.....

Who joining me to fly to the moon today?

PP buyer must be crazy still to buy it then

why sudden interest ah....got some news coming meh?

Looks like tomorrow open sure die Lah

Joshua is back with bad news!!....so does that mean price will go up tomorrow...haha.....

interesting read on SRB - Limited Review Report Q2.pdf

QR came out already.....as expected 0 revenue

How's the CYP case today?

So quiet today....

No QR report?

Est. Ann. Date: 24 Aug 2019........hmmm...gonna post the report on a Saturday?

wow....suddenly 16mil already

calm before the storm?

No volume today!! very quiet....

Is this deal still ongoing? 6 years old already my friend....

This mean Chan Yoke Peng still have to go through a trial.....but what does that mean for the D2-D5? do they still have a case for the other winding up case from D2-D5?