Posted by ken2004 > 2023-12-08 17:14 | Report Abuse

Ok, just direct according to you CapitalA will not able to meet the 31 Dec 2023 dateline, then we will see on this.

Posted by Sslee > 2023-12-08 17:28 | Report Abuse

GREENWICH, Conn., Dec. 1, 2023 /PRNewswire/ -- Aetherium Acquisition Corp ("Company") (Nasdaq: "GMFI") announced that on November 27, 2023, the Company received a Staff Determination Letter (the "Letter") from the Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that on May 10, 2023, the Staff notified the Company that the market value of its listed securities had been below the minimum $50,000,000 required for continued listing as set forth in Listing Rule 5450(b)(2)(A) (the "Rule") for the previous 30 consecutive trading days.

Subsequently, in accordance with Listing Rule 5810(c)(3)(C), the Company was provided 180 calendar days, or until November 6, 2023, to regain compliance with the Rule. To date, the Company has not yet regained compliance with the Rule. As a result, the Company was informed that its securities will be delisted from The Nasdaq Global Market on December 6th, 2023, unless the Company requests an appeal, which it intends to do.

Should the Company not appeal, a Form 25-NSE will be filed with the Securities and Exchange Commission (the "SEC"), which will remove the Company's securities from listing and registration on The Nasdaq Stock Market.

As stated by the Company in a press release dated October 2, 2023, on May 23, and August 23, 2023, Nasdaq notified the Company that it did not comply with Listing Rule 5250(c) due to its failure to timely file its Forms 10-Q for the periods ended March 31, 2023, and June 30, 2023, respectively. Further, the Company does not comply with Listing Rule 5250(c) because it did not file its Form 10-Q for the period ended September 30, 2023. Furthermore, Nasdaq Staff has determined that the Company does not comply with the minimum 400 total holders as required by Listing Rule 5450(a)(2). Pursuant to Listing Rule 5810(d)(2), these deficiencies serve as an additional and separate basis for delisting, and as such, the Company would be required to address this concern before a Hearings Panel if it appeals Nasdaq Staff's determination.

Posted by Sslee > 2023-12-08 17:32 | Report Abuse

Capital A had announced earlier this month that it plans to float its AirAsia brand royalty business and aircraft leasing unit in the US through a Nasdaq-listed special purpose acquisition company named Aetherium Acquisition Corp (GMFI) as part of its plans to regularise its financials. The group is seeking an indicative valuation of US$1 billion for the listing exercise.

What do you think of above deal?

Posted by Mabel > 2023-12-09 11:17 | Report Abuse

https://www.msn.com/en-my/travel/news/stranded-in-mumbai-mas-passengers-slam-nightmare-experience/ar-AA1laRw5?ocid=NL_ENMY_A1_00010101_1_1&cvid=fcf54385b4d9438e984d1b14fc05e8a3&ei=30

Malaysia Airlines (MAS) passengers who recently found themselves stranded at the Mumbai International Airport in India for up to 57 hours have expressed outrage over the carrier’s management of the situation, describing their experience as “truly unbelievable” and “a nightmare”.

Next time try Mabel Airlines..

Posted by Mabel > 2023-12-10 06:03 | Report Abuse

ken2004 Actually, I am thinking whether you are betting on Capitala will not manage to submit the plan by 31 Dec to bursa? Everyone know they are in bad financial shape along time ago, so everyone instead focus on their capability to earn more revenue..........
08/12/2023 1:32 PM

On average 26 million tourists visit Malaysia every year.

That's a lot of potential

Meow

Posted by Sslee > 2023-12-10 08:16 | Report Abuse

KUALA LUMPUR: Singaporeans topped the list of 26 million tourist arrivals to Malaysia, according to the Immigration Department’s latest statistics recorded from Jan 1 to Nov 15, 2023.

Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing said he hoped tourist arrivals will continue to increase following the implementation of the 30-day visa exemption for travellers from China and India from Dec 1.

"So, we hope for the best and that we can increase the number of tourists, especially after Prime Minister Datuk Seri Anwar Ibrahim announced visa exemptions for China and India for 30 days beginning Dec 1," he told the media after the Malaysia Batik Day Celebration walkabout session at the Kuala Lumpur Craft Complex here Saturday (Dec 3).

According to statistics released, the most number of tourists were from Singapore at 12,645,364 tourists, followed by Indonesia (3,166,295), Thailand (2,073,162), China (1,407,471), Brunei (904,841), and India (780,532) while the rest are from other countries.

Posted by StartOfTheBull > 2023-12-10 10:21 | Report Abuse

@Patient Investor
The answer is Yes.

Patient Investor

410 posts

Posted by Patient Investor > 5 days ago | Report Abuse

@Sslee Are you having some personal grudge with Tony Fernandez or something?

Sslee
3,019 posts
Posted by Sslee >
| Report Abuse
Stony already lose his shirt and become topless. When will Stony lose his underwear, shoe and shock too and become bottomless

Posted by Mabel > 2023-12-10 10:41 | Report Abuse

“Patience is the companion of wisdom.” —Santa Clause

This quote suggests that being patient can help us gain insight and understanding, and that wisdom is not something that can be rushed or forced. Sometimes, good things take time to develop and mature, and we need to wait patiently for them to come to fruition. Patience can also help us avoid making hasty or impulsive decisions that might harm us or others. By being patient, we can act with prudence and discernment, and achieve our goals more effectively.

To Our Success!

Captain Mabel Meow

Posted by Sslee > 2023-12-10 13:34 | Report Abuse

Patience is a virtue that is wny Bursa SC allowed capA to postpone submitting the PN17 regularisation plan from Jan 2023 to July 2023 to Oct 2023 and now to 31th Dec 2023.

When will Bursa SC run out of patience with capA?

Posted by NoTimeToTrade > 2023-12-11 09:55 | Report Abuse

I doubt it ever will though, because CapA is the only airline listed on our bourse and it will not be easy to get another airline company to list in the near future. So i'd say even Bursa SC are rooting for them to come out of PN17.

I formed my thoughts on this based on some reading i did awhile back, that bourses around the world are like a shopping mall, they want to have a variety of shops to cater to every type of "customer", but in this case its various businesses to cater every type of investor/trader. Therefore by losing CapA and/or AAX, would mean Malaysians lose out on any airline travel positioning.

Posted by Sslee > 2023-12-11 10:05 | Report Abuse

Caveat emptor is a neo-Latin phrase meaning "let the buyer beware." It is a principle of contract law in many jurisdictions that places the onus on the buyer to perform due diligence before making a purchase. As oppose to:

Caveat venditor a neo-Latin phrase meaning "let the seller beware." It is a principle of contract law in many jurisdictions that places the onus on the seller to perform due diligence before making a sale.

In stocks market investing, the caveat emptor concept of contract law was forced onto ordinary investors that places the onus on the ordinary investors to perform due diligence before making transactions knowing very well that ordinary investor are subjected to information asymmetry hazard. (Poor quality of disclosure provided by the listed company and poor due diligence by Investment banker)

This asymmetry creates an imbalance of power in transactions, which can sometimes causes the transactions to go awry, a kind of market failure in the worst case involve insider fraud, accounting fraud, insider trading, IPO/RI promoter/underwriter (Investment bank failure in their due diligence), pump and dump and etc.

In Malaysia, Bursa Malaysia is mandated to operate the stock exchange as a commercially driven, public-listed entity. It is also mandated by Listing/Regulation/Disclosure Act as the front-line market regulator policing public-listed companies and market intermediaries. Perhaps these two mandate clash and give rise to conflict of interest as many of Bursa’s decisions on approval, suspension, delisting and waive seem indulging in excessive corporate abuse for the benefits of controlling shareholders.

On the other hand, SC is mandated under CAPITAL MARKETS AND SERVICES ACT 2007 to initiate investigation and prosecute offender under the Act are normally will act only if investing public make complaint with some initial evident of offenses committed by the offenders..

In order to make Bursa Malaysia the choice of investor and capital market something needs to be done by Bursa and SC to ensure high level of trust and integrity among their public-listed companies and to be seen in going after those who break the rules with the full force of the law. Only then the confidence and the crowd will return. As investors, what we can do now while waiting for the confidence to return is to attend the AGM and demand good governance and transparency from the BOD

Posted by NoTimeToTrade > 2023-12-11 15:05 | Report Abuse

I fully agree with everything you've said there. Unfortunately or fortunately, SC usually bends their own rules because they want to keep things spicy so that the bourse will have exciting enough inefficiencies to generate some level of volatility. I hated this idea of invisible hands, but have come to accept it is needed for our tiny bourse.

Posted by Mabel > 2023-12-12 10:09 | Report Abuse

Air Asia is a Malaysian airline that operates as a low-cost carrier (LCC) in the Asia-Pacific region. It offers cheap flights to over 150 destinations across 25 countries, with a fleet of more than 200 aircraft. Air Asia’s low-cost strategy is based on the following principles:

• Low fares: Air Asia offers competitive fares that are often lower than its rivals, by using dynamic pricing, online booking, and ancillary services.
• High efficiency: Air Asia maximizes its operational efficiency by using a single aircraft type (Airbus A320), high aircraft utilization, point-to-point network, and lean distribution system.
• Low-cost culture: Air Asia fosters a low cost culture among its employees, by promoting innovation, productivity, and cost-consciousness.

According to AirlineRatings.com, Air Asia was named one of the top 20 safest low-cost airlines in the world for 2023, and also reaffirmed its position as Asia’s best low cost airline for 2023. Air Asia claims to have the lowest cost per available seat kilometer (CASK) in the industry, at 3.15 US cents in 2021.

Posted by Mabel > 2023-12-12 10:10 | Report Abuse

According to Air Asia newsroom, the number of passengers carried by Air Asia increased to around 24.25 million in 2022, a significant increase from the previous year. The average load factor was 67% and the on-time performance was 93% for the fourth quarter of 2022. The number of flights operated by Air Asia was 14,894 for the same period.

Posted by Mabel > 2023-12-12 10:15 | Report Abuse

According to Statista, Singapore Airlines flew 165,500 passengers and offered 4,544,500 available seat miles in October 2021, a four-fold increase from the previous year. The on-time performance was 93% for the fourth quarter of 2021. The number of flights operated by Singapore Airlines was 14,894 for the same period

Looks like On Time Performance, Mabel Air Asia is as good as his Sister Singapore Airlines..

Captain Mabel Meow

Posted by Sslee > 2023-12-12 10:35 | Report Abuse

Fernandes said 92% of their domestic flights consisted of low-season airfares, adding deal flights were also offered throughout the year.

"But also have a heart on us, we lost RM4bil last year (and) last quarter we lost RM400mil.

How much did Singapore Airlines earned last year and last quarter?
The question that beg to be answered why AA keep losing money wherease Singapore Airline can't stop earning money?

Posted by 80gram > 2023-12-12 10:43 | Report Abuse

maybe only Fernandes knows why......he needs steer the plane back...load factor so high also cant make money

Posted by Anw412 > 2023-12-12 17:53 | Report Abuse

I will wait next few weeks to see if he's just bullshitting.. nut based on my understanding all companies under CapA are making good progress (AA,Teleport,GTR,ADE,Santan,Bigpay,TuneInsurance).. once air travellers nomalise then we can see the bigger picture. C19 was a disaster to Cap A but also give them opportunity to start over again and focus on things that will work out..

22 years ago we had a dream . Orginally we were going to call AirAsia Tune air. This was a presentation I sent more than 22 years ago . Think we deleiverd out mission and more. So rarely mission statements come true so I proud .
Standing tall.
The value we created is not showing in the share price but k the next few weeks people woll see the incredible machine we built.

Posted by i3lurker > 2023-12-12 18:17 | Report Abuse

of course the Satanic Accuser MikeCheatYouCrazy is here as well to take care of his Satanic Machine.

Posted by ykyew11 > 2023-12-12 19:14 | Report Abuse

@i3lurker Please get help

Posted by geary > 2023-12-12 19:30 | Report Abuse

Montreal Canada:
Plusgrade and AirAsia introduce "ZoneUp", allowing passengers to bid for upgrades on AirAsia flights.

The program offers upgrades to premium amenities like AirAsia Premium Flatbeds, Quiet Zone Seats, and Hot Seats with extra legroom.

The collaboration reflects a commitment to enhancing travel experiences in the Asia-Pacific region giving travelers more choice and flexibility.
AirAsia Newsroom!

ykyew11
@i3lurker Please get help
10 minutes ago

So many desperados...comments...but Price still cannot Limit Down...to...YTD lowest @0.65...They are salivating... that's why they are here every minutes...when someone having great News of AirAsia...they are trolling everyday...good lah...higher Beta Mah...'Hit n Run'... LOH...😁

Posted by Mabel > 2023-12-12 22:27 | Report Abuse

Maintain BUY call and MYR1.01 SOP-TP

During the COVID-19 pandemic, it is understandable that CAPITALA was preoccupied with surviving. Yet, our read of its FY22A sustainability report was refreshing. There is room to improve especially on its net promoter score and female representation on its BOD but we note that CAPITALA has set ambitious ESG related targets which exhibits its commitment to ESG initiatives. CAPITALA scores marginally above-average in our proprietary scoring methodology with an overall score of 59/100.

Source : Mabel Tiger Bank

Posted by Mabel > 2023-12-12 22:28 | Report Abuse

Value Proposition

▪ Asia’s leading low cost carrier with highest market share, largest fleet size and most extensive route network.
▪ Operates in 4 countries after exiting Japan and India, which provides unrivalled route network reach.
▪ Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.
▪ Growing middle class in Asia fuelling growth in demand for air travel.
▪ Won the coveted ‘World’s Best LCC’ award for a record 14 times in a row by Skytrax.

Posted by Mabel > 2023-12-12 22:29 | Report Abuse

Financial Metrics

▪ Best financial indicator is core net profit ex-disposal gains, forex and fair value changes, and deferred taxation.
▪ Still forecast FY23E core net loss as passengers carried will be limited by measured aircraft redeployment.
▪ Forecast FY24E to generate net profit on passengers carried recovering and average fares rising.
▪ Sensitive to fuel price movement, a USD1 per barrel change in fuel price will move earnings by MYR40m-MYR50m.
▪ Balance sheet as at end-3Q23 in a net debt position of MYR3.72b if ex-finance lease liabilities.

Posted by Mabel > 2023-12-12 22:31 | Report Abuse

Swing Factors

Upside
▪ Policy changes – visa requirement relaxations and tourist friendly events drive passenger traffic growth.
▪ Less competition – COVID-19 pandemic has caused competitors to reduce capacity and raise prices.
▪ Financial assistance - will enable CAPITALA to fill temporary liquidity gaps and survive.

Posted by Mabel > 2023-12-12 22:32 | Report Abuse

Downside
▪ Exogenous events – SARS; MH370, MH17 & AK8501 tragedies; and COVID-19 negatively impacted passenger traffic growth.
▪ Fuel prices – they are volatile and there is no certainty that they will be hedged at low levels.
▪ Weak MYR – 60-70% of operating costs are USD denominated.

Posted by Mabel > 2023-12-12 22:39 | Report Abuse

Financial Metrics
▪ Best financial indicator is core net profit ex-disposal gains, forex and fair value changes, and deferred taxation.
▪ Still forecast FY23E core net loss as passengers carried will be limited by measured aircraft redeployment.
▪ Forecast FY24E to generate net profit on passengers carried recovering and average fares rising.
▪ Sensitive to fuel price movement, a USD1 per barrel change in fuel price will move earnings by MYR40m-MYR50m.
▪ Balance sheet as at end-3Q23 in a net debt position of MYR3.72b if ex-finance lease liabilities.

Posted by Mabel > 2023-12-12 22:39 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/12/07/maybank-named-best-bank-in-asia-pacific-and-singapore

Mabel's Malayan Banking Bhd (Maybank) won top awards at The Banker’s Bank of the Year Award 2023, securing two prestigious awards as Bank of the Year in Asia Pacific and Singapore respectively.

Previously, Maybank was named Bank of the Year for Malaysia in 2018, 2020 and 2022 while Maybank Islamic was crowned Global Islamic Bank of the Year for three consecutive years between 2020 and 2022.

Valuation from Maybank for CapitalA: RM 1.01...

So Nice...

To Our Success !

Captain Mabel Meow

Posted by Mabel > 2023-12-12 22:42 | Report Abuse

2023 is a great year for our CAPITALA as it has been reporting narrower and narrower losses.

2024 should be better...

Posted by Sslee > 2023-12-13 07:20 | Report Abuse

So many desperados...comments...but Price still cannot Limit Down...to...YTD lowest @0.65

It look like many people still believe Stony or have their faith on IBs report rather than their own understanding on basic financial accounting.

"Balance sheet as at end-3Q23 in a net debt position of MYR3.72b if ex-finance lease liabilities"
Is Maybabk trying to imply capA do not need to pay the lease liabialities?

It look like the only thing that will cause limit down is Bursa SC suspend and delist capA for failing to submit PN 17 regularisation plan .

Posted by Sslee > 2023-12-13 09:09 | Report Abuse

Repost as gentle reminder:
Without debts restructure technically CapA is a bankrupt company, manage to stay afloat by more borrowing, sales in advance and rollover of lease/others liabilities.

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

CapA/Stony are desperate to raise below borrowing and cash to keep CapA afloat for another year

25 Oct 2023 02:28 PM: Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, and will list some of its businesses through a blank-cheque company, the Financial Times reported on Wednesday

Friday, 13 Oct 2023: KUALA LUMPUR: Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400mil loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.

Tuesday, 03 Oct 20236:46 PM MYT
KUALA LUMPUR: AirAsia Bhd has accepted a five-year term loan of up to US$150 million (RM705 million) from a financial institution.

In a filing with Bursa Malaysia today, Capital A Bhd, the parent company of AirAsia, said the airline will use the loan for working capital requirements and fund aircrafts and engine maintenance costs.

"The term loan was secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the term loan,” it said.

Posted by Sslee > 2023-12-13 09:59 | Report Abuse

Quarter end 30/09/23: Cumulative 9 months
RM: RM
Depreciation on right of use assets: (444,404,000): (1,124,591,000)
Finance cost -lease liabilities: (251,274,000): (656,333,000)

CapA is now like a taxi driver, driving a rental car from a taxi company.
How many passangers a taxi driver must picked up to pay for the car rental before he can earned a living?

For capA even last quarter 89% load factor is still a loss making quarter.

Posted by paulthesotong > 2023-12-13 10:17 | Report Abuse

" The value we created is not showing in the share price but k the next few weeks people will see the incredible machine we built" TF.

Posted by 80gram > 2023-12-13 10:17 | Report Abuse

For an airline that carries 20plus million pasengers in/out malaysia....not sure the gov wants it to go down

Posted by Sslee > 2023-12-13 10:29 | Report Abuse

Posted by paulthesotong > Dec 13, 2023 10:17 AM | Report Abuse
" The value we created is not showing in the share price but k the next few weeks people will see the incredible machine we built" TF

You must be joking only in Malaysia a PN17 with below Balance Sheet:
As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Still value at:
Market Cap: 3,659 Million
NOSH: 4,255 Million

Posted by Sslee > 2023-12-13 10:41 | Report Abuse

Waiting to see what TF can pull out from his magic hat in the next few weeks to submit PN17 regularisation plan and to raise cash to avoid default on Net current liabilities of RM (12,527,863,000)

Posted by 80gram > 2023-12-13 10:58 | Report Abuse

if he does pull out a rabbit, share price will pop?

Posted by i3lurker > 2023-12-13 15:54 | Report Abuse

the rabbit died some months ago and now full of maggots.

Posted by Mabel > 2023-12-13 23:42 | Report Abuse

Haha ...It’s a Boy, Syabas Lady Sapura

Thanks God it's not Baby Huang.

Otherwise it will a 7 years hibernation...hahaha

2023 is a great year for our CAPITALA as it has been reporting narrower and narrower losses.

2024 should be better...

Lady Sapura had a fantastic 2023 with 3 consecutives profits..

2024 will be much better

To Our Success!

Captain Mabel Meow

Posted by i3lurker > 2023-12-14 06:16 | Report Abuse

This guy in Pagoda singlet is doing the exact same thing as in Serba, daily postings of lies to transfer his stocks to Suiyee Sucker Bilis.


MrHuangBK

Hahhaa.. ConMabel ah...

Lets hope SAP doesnt become like your Serba husband...

You ran away from Serba and dont even talk to him anymore 🤣🤣🤣

Posted by i3lurker > 2023-12-14 07:35 | Report Abuse

This incredible Satanic machine generated millions of curses and cries of help to heaven from ticket holders refused refunds.

One of the most incredible Satanic machines ever known since the dawn of man and some people are so proud to be associated with worshipping Satan.

Posted by i3lurker > 2023-12-14 07:35 | Report Abuse

Today The Prince of Darkness, The Satanic Disciple, the Guy with a No Heart, refuses to give any refunds.

Posted by ken2004 > 2023-12-14 16:14 | Report Abuse

Lol i really respect all this people especially those not really into buying, can post here everyday, awhile not back, still seeing the same thing.

Posted by BigChungus95 > 2023-12-14 16:23 | Report Abuse

ken2004, these ppl kena fck by AirAsia so pain until they day in day out talk crap about AA. At this point it's a secret BDSM relationship

Posted by wongchin > 2023-12-14 16:47 | Report Abuse

I thought of buying in today cos i see the goverment is promoting free visa for some big country to visit our beloved counyry. Sure revenue will go up for cap A. Bt when i see these marble around promoting i think back of serba d she promoted non stop last time i dare nt buy in today.

Posted by i3lurker > 2023-12-14 17:04 | Report Abuse

This guy likes to promote all PN17 dead companies hoping that buyers will go bankrupt.
His modus operandi to force people to buy all PN17 companies with evil intentions. 😂

wongchin

I thought of buying in today cos i see the goverment is promoting free visa for some big country to visit our beloved counyry. Sure revenue will go up for cap A. Bt when i see these marble around promoting i think back of serba d she promoted non stop last time i dare nt buy in today.

13 minutes ago

Posted by paulthesotong > 2023-12-14 17:11 | Report Abuse

increase capacity more revenue

https://theedgemalaysia.com/node/693923

Posted by paulthesotong > 2023-12-14 17:13 | Report Abuse

https://theedgemalaysia.com/node/693917

Posted by Mabel > 2023-12-15 08:49 | Report Abuse

Haha Auntie Huang you so funny, cum bark bark bark at Sapnrg, straight get 6 months extension..hihihi...

Please continue bark, bark bark here, sure CapitalA get another 6 months extension ...hahaha

Posted by Mabel > 2023-12-15 09:05 | Report Abuse

Haha much better than Auntie stuck at PMCorpes for 10 years...hihihi..

hibernation 7 years..hihihi..