The prospect going forward is bright if the deals really goes through but the main worries is the debt consolidation that hinder the investors participation. We do not know how much stock consolidation will take place and secondly, the right issue is huge quantum in proportion to the share consolidated. Pricing of the right's is another hanging question too. The HOA (Head of agreement is not tentatively will go thru and poise risk to the whole deal). If aborted, the stock will spiral down back to the level it was before uptrend.
How about write about Glotec that going forward in few months time start to commercialise CBM gas to Petamina in Indonesia rather than Sumatec with so called HOA (which can be terminated or lapse after a certain period of time).
great, I all in for U = fatwealth to get out of Sumatec. Don't call people to buy. I sacrifice myself by buying all Sumatec for fatwealth to get out of Sumatec.
fatwealth, u don't be a cry mother & cry father here again. Laugh
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slts
2,207 posts
Posted by slts > 2017-11-10 13:19 | Report Abuse
going bankrupt soon
how can u call it undervalue