Posted by i3gambler > 2024-04-30 11:35 | Report Abuse

Unless previously converted or redeemed (subject to the terms and conditions of the RCUIDS), AAGB shall redeem the RCUIDS in accordance with the redemption schedule as outlined in Appendix I of the abridged prospectus dated 2 December 2021 in relation to the Rights Issue ("Abridged Prospectus") ("Redemption Schedule").

Please take note of the above statement.

The Appendix I (Page 61)
Anniversary from Issue Date % of issued size redeemed*
1st -
2nd -
3rd -
4th 25%
5th 25%
6th 25%
7th 25%

If we do not convert, the company will redeem at 75 sen on Dec 2025, 2026, 2027 and 2028.

Posted by Wasim73 > 2024-04-30 11:56 | Report Abuse

Capital A shareholder would receive up to 397 Nasdaq NewCo shares for each 1,000 Capital A shares held..how much value of share we would get? anyone can advice?

Posted by Sslee > 2024-04-30 12:12 | Report Abuse

Total borrowings and lease liabilities of AAX/Newco will be escalated to RM 23,271,794,000 a gearing of 23.96 times after the proposed AAAGL and AAB acquisitions.

Do you think with over RM 23 billion of borrowing and lease liabilities can AAX/NewCo survive?

Posted by Wasim73 > 2024-04-30 12:13 | Report Abuse

Capital A shareholder would receive up to 397 Nasdaq NewCo shares for each 1,000 Capital A shares held..is this in addition to our existing Capital A shares we holding ?

Posted by Sslee > 2024-04-30 12:50 | Report Abuse

Know AETHERIUM ACQUISITION CORP current share capital is how much now?

https://www.sec.gov/ix?doc=/Archives/edgar/data/1866547/000149315224014895/form10-k.htm

As of April 15, 2024, there were 2,136,291 shares of redeemable Class A common stock, 528,500 shares of non-redeemable Class A common stock, par value $0.0001 per share, and 2,875,000 shares of Class B common stock, par value $0.0001 per share, issued and outstanding.

On March 28, 2024, the Company held a special meeting of its stockholders (the “Special Meeting”). At the Special Meeting, the Company’s stockholders approved the proposal to amend the Company’s amended and restated certificate of incorporation, to extend the date by which the Company must consummate a business combination to thirty-six (36) months from the effectiveness date of the Company’s Form S-1 by the SEC, which was December 29, 2021, until December 29, 2024, by depositing into the trust account established for the benefit of the Company’s public stockholders $0.033 per non-redeeming publicly held share of common stock for each one-month extension.


In connection with such proposal, stockholders elected to redeem 1,383,212 shares of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”). As a result, there will be an approximate payout of $15,229,164 (approximately $11.01 per share) that will be removed from the Trust Account to pay such holders. This has not yet occurred as of the date these financial statements are issued.

Posted by geary > 2024-04-30 14:02 | Report Abuse

CapitalA Positive Weekly Pivot Point Momentum!
S1: 0.75.
PIVOT: 0.77.
R1: 0.81.
R2: 0.86.
R3: 0.91.
Trade at your own Risk!
*Mr. Market...either sick of healthy (positive/negative ...trend/momentum...those talking craps about FA...are just school children...playing some marbles in markets🤷!?
Nobody gives a damn... everyone wants to win multiple baggers.... that's all markets. That's Mr. Market Scenario.
Especially CapitalA/AAX those who took the risk...already at least #20% gained....n laughing to the banks🤓

Posted by human > 2024-04-30 14:54 | Report Abuse

Those that keen to invest or has an interest in Capital A, can spend some time read both AAX and Capital A announcement. Any point dont understand can send queries for the AGM.

Posted by Mabel > 2024-04-30 15:13 | Report Abuse

Lovely sharing guys...

Into the Blue Skies....

https://www.travelandtourworld.com/news/article/capital-a-berhads-q1-2024-report-shines-spotlight-on-airasia-berhad-and-beyond/

Life is so beautiful when you are flying with the World's Best Magician.

Syabas Tony and Team!

Meow Meow Meow

Posted by human > 2024-04-30 15:39 | Report Abuse

post AAX proposed acquisitions and proposed distribution by Capital A.
AAG placement create a new bulk shares with estimate 24.64%, investors that put 1b for AAG 24 months working capital.
"The Placement Shares are intended to be placed to independent third party investor(s) to be identified later".


Subscription option of 15% estimate 500++million shares,
"The Proposed Granting of Subscription Options entails the granting by the NewCo to
Garynma the rights to subscribe for such number of NewCo Shares representing, in
aggregate, 15% of the total enlarged issued shares in the NewCo immediately after the
completion of the Proposed Acquisitions (excluding treasury shares, if any) via 3
Subscription Options of 5% each. All the 3 Subscription Options will be granted by the
NewCo to the Subscriber immediately after the completion of the Proposed
Acquisitions."

price of ech option share "The issue price of the Subscription Shares comprised in each Subscription Option shall be the closing market price of the NewCo Shares as at the last trading day prior to acceptance by the Subscriber of the grant of the relevant Subscription Option during the Subscription Option Period."

Why investors pump billion and millions into a company?

Posted by Income > 2024-04-30 16:57 | Report Abuse

https://youtube.com/shorts/o-Od7-GBnWY?si=-2HjFkWZ_z0vwY6M

Posted by Sslee > 2024-04-30 17:40 | Report Abuse

Interest to know who will be the RM 1 billion PP investors?

The PP investors will get a discount of not more than 15% the 5-day VWAP of the AAX Shares / NewCo Shares up to and including the last trading day prior to the price-fixing date of the placement share.

Will the big sharks/PP investors placed a regulated short selling and earned the aprox 15% profit on the PP? Meanwhile suyiee sucker billis buying AAX/NewCo shares from open market

Posted by JrWarren > 2024-04-30 18:00 | Report Abuse

AAX release annual report soon, find out last year AAX private placement KAKI still at the top 30 shareholders or not, then you know how the institutional investor think.

Posted by JrWarren > 2024-04-30 18:02 | Report Abuse

The risk of LA: CAP-A gone burst.

The upside of LA:
1. 8% interest (if u buy at 75 sen), about to receive 1.5 sen per quarter per LA unit
2. LA started to repay 25% loan at 2025 all the way to 2028. In the middle, can convert to mother share if mother share price cantik.
3. LA share price move in tandem with mother share, but seldom drop below 75 sen.
4. Other than Allianz preference share and some of the plantation shares I owned, no companies can provide 8% dividend yield.

Banks cant loan PN17 company, but there are exceptions like Sabah Development bank (previous lender in 2021 and debt settled in 2023), Citibank and Bangkok Bank (current lender). Government institution wanted Tony and Kamarul sign personal guarantor, which they refused because they owned less than 30% of CAP-A at that point of time, SO they go for LA.

For obvious reason, Tony can angkut kepala and said they work them self out and not relied on government.
We can forgive but cannot forget. Tony know which Bankers were supporting CAP-A and he will return in favor, example SABAH has direct flight from several oversea cities to KK, some local investment banks currently working on CAP-A corporate exercise (this is fat commission job), LA holders enjoying 8% interest and got chance to redeem mother share at 75sen (2023 alone got about RM350M worth of LA converted into mother share).
Gov is a piece of sh!t when CAP-A in crisis, so Tony made LA unable purchased by government investors, such as non-guarantee element, PN17 and etc.
On the other side, you see government can continue pour money into loss-making Malaysia Airline, mismanaged Sapura, and etc.

Posted by Sslee > 2024-04-30 18:46 | Report Abuse

Is Stony arm-twisting AAX to bail out capA?

Total borrowings and lease liabilities of AAX/Newco will be escalated to RM 23,271,794,000 a gearing of 23.96 times after the proposed AAAGL and AAB acquisitions.

Do you think with over RM 23 billion of borrowing and lease liabilities can AAX/NewCo survive?

Posted by EngineeringProfit > 2024-04-30 19:12 | Report Abuse

Both - must have in your portfolio

Buy.....buy......buy.......

Keep......keep.....keep...

Posted by JrWarren > 2024-04-30 19:57 | Report Abuse

YES I DO believe they can sail thru the storm because they are surviving now.

23B leases are long term installment from Airbus & other Lease Co. Last week proposal, the creditors said OK for corporate exercise as long as debts are serviced in future, which is continue paid by new Co. every month. Please remember that 23B is not DUE IMMEDIATELY but due in 10-20 years.

These Lease co. and Airbus need reliable customer that has huge business scale to digest their aircrafts, AA is one of them, not small potato like MyAirline which is koyak now.

Posted by HaHassan > 2024-04-30 21:25 | Report Abuse

mujur ada masuk sikit pd 70 sen 😎

Posted by JrWarren > 2024-04-30 22:43 | Report Abuse

very fat salary, Tony & kamarul - 17M each person = =

Posted by TradingFUN > 2024-04-30 23:16 | Report Abuse

According to IFRS , contingency liability need to be reflected in balance sheet as asset and liability. AirAsia leasing planes from leasing company , the value of the planes will reflected in asset and total leasing amount in liability. The lease will be part of operating expenses , as long as in normal business condition , nothing to worry about

Posted by TradingFUN > 2024-04-30 23:17 | Report Abuse

Do read the details of the restructuring plan and make wise decision.

HAPPY INVESTING

Posted by Mabel > 2024-04-30 23:48 | Report Abuse

*Food for thoughts*...

Do you know that in 2007, around half of all mobile phones sold were Nokia phones?. These guys were massively dominant!

However, in 2007 something happened that you can’t really blame Nokia for. A Smart Guy, Steve Jobs, made this insanely great smartphone that didn’t even have a keyboard, the iPhone. Not only that, he made buying apps so easy that people would actually buy them, making smartphones so much more useful.

And then, to make matters worse, Google decided to partner with every smartphone manufacturer in the world via Android, which would emulate the iPhone. And they didn’t care whether they made any money or not so gave the software for free.

As for Nokia, it’s far more difficult changing a legacy software, like Symbian, than making an essentially new one like Google did with Android. And given they were so dominant in both hardware and software; they couldn’t have really abandoned either.

Nokia should have adopted Android, they didn’t as they thought Android was way behind, and of course a competitor. Nokia now has becum a History Lesson..

Moral of the story is....

If you cannot beat them, join them...hihihi..

To Our Success!

Meow

Posted by xiaoeh > 2024-04-30 23:52 | Report Abuse

Good sharing Mabel

Posted by Mabel > 2024-05-01 06:47 | Report Abuse

xiaoeh Good sharing Mabel
30/04/2024 11:52 PM

Meow xiaoeh...

With the emergence of the iPhone in 2007 marked a turning point. Nokia’s market share declined, and by 2013, it made up less than 3% of the total mobile phone market. The company sought to exit the industry altogether.

As for Apple, it’s actively exploring ways to integrate artificial intelligence (AI) features into its ecosystem. AI-powered iPhone: Apple (AAPL) and OpenAI resumed talks on integrating the startup's generative AI capabilities into the new iPhone, expected later this year. The discussions mark a renewed attempt by the tech giant to add the AI features to iOS 18, the next iPhone operating system.

Talks with Microsoft (MSFT)-backed OpenAI about a potential deal began earlier this year, following similar discussions with Alphabet (GOOG, GOOGL) to add Gemini to the iPhone. Apple may opt for a deal with both OpenAI and Alphabet or prefer one over another.

Apple's Q2 results are due on tomorrow, and Mabel will closely watch for comments on its strategy to integrate genAI functionality into the iPhone. Keep an eye out for more updates during Apple’s Q2 results announcement tomorrow!

Summing up: Nokia paid a high price for not embracing to the new way of thinking.

Now you know why Mabel loves Magicians..

Mabel, the Magician..

Posted by paulthesotong > 2024-05-01 10:19 | Report Abuse

Why you say when the CEO say his companies are "undervalued,"?

Posted by Sslee > 2024-05-01 12:45 | Report Abuse

A magician or a snake oil saleman.

Posted by paulthesotong > 2024-05-01 13:07 | Report Abuse

Big time investor Carl Icahn bought big in LCC in US JetBlue Airline at 3.56 now 5.60 because ' it said 'undervalue"
Capitala undervalue...CEO T.

Posted by StartOfTheBull > 2024-05-01 13:30 | Report Abuse

SSLee talks until the cow comes home yet miss the boat again?

Posted by i3gambler > 2024-05-01 13:50 | Report Abuse

Look at ICAP portfolio on 29.02.2024:
1) 5099 ~ 4.75%,
2) 5099LA ~ 1.46%,
3) 5099WA ~ 0.27%,
Total weight ~ 6.48%.

Aiya, why TTB like 5099?
If I were him, I will dispose 5099 and 5099WA, then swap to 5099LA.

Anyway, I have already sold all my 5099LA.

Posted by Sslee > 2024-05-01 18:53 | Report Abuse

Luckily capA has a magician or a snake oil saleman to create value from thin air for shareholders or else capA already close shop or follow AAX footstep of debts restructure, capital reduction, 10 to 1 share consolidation and new capital injection.

The shareholders would have lose his/her shirt, pant, underwear and sock.

Posted by paulthesotong > 2024-05-01 19:09 | Report Abuse

Another disgruntled airline customer. What a surprise,,!

Posted by Mabel > 2024-05-01 19:17 | Report Abuse

Haha MY Handsome sslee some time can be so funny..hihihi..

Posted by paulthesotong > 2024-05-01 19:26 | Report Abuse

Indeed a satisfied airline customer. Not surprised.

Posted by ykyew11 > 2024-05-01 19:33 | Report Abuse

Sslee is just malding that Tony/AirAsia came out with an actual plan, just go and see Sslee's comment a year ago and you can see him mocking Tony for not having an actual plan. Here is one of his many comments back in 2023 July for example.

"Stony himself also find it so difficult to overcome the CapitalA Balance Sheet as at 31/3/2023 of:
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)

Repeat and remind those cannot do math: The sum is not in million or hundred million but in billion.

That is why the PN17 regularisation plan keep postpone postpone postpone postpone postpone postpone postpone postpone postpone repeat ad infinitum

Delist is inevitable.
Om Mani Padme Hum
Om Mani Padme Hum
Om Mani Padme Hum"

Posted by geary > 2024-05-01 20:22 | Report Abuse

CapitalA Monthly Positive Pivot Point Momentum!
S: 0.75.
PIVOT: 0.80.
R1: 0.91.
R2: 1.04.
R3: 1.18.
Trade at your own Risk!

Posted by Sslee > 2024-05-01 20:25 | Report Abuse

CapitalA Balance Sheet as at 31/3/2023 of:
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)

CapitalA Balance Sheet as at 31/12/2023 of:
Net current liabilities: RM (12,669,239,000)
And Net total assets/total equity : RM (10,624,737,000)

Is capA financial position better off or worse off compare to one year ago?

Repeat and remind those cannot do math: The sum is not in million or hundred million but in billion.

That is why the PN17 regularisation plan keep postpone postpone postpone postpone postpone postpone postpone postpone postpone repeat ad infinitum

Delist is inevitable.
Om Mani Padme Hum
Om Mani Padme Hum
Om Mani Padme Hum

Posted by paulthesotong > 2024-05-01 20:26 | Report Abuse

Welcome Cambodia..
New market more revenues.

Posted by BigChungus95 > 2024-05-01 20:53 | Report Abuse

Sslee, where do you get the Net Current Liabilities of CAP_A? I'm not sure where to look.

Posted by ykyew11 > 2024-05-01 22:03 | Report Abuse

The fact that Sslee doubled down, what we are witnessing here is the 5 stages of grief by Sslee

Posted by Sslee > 2024-05-01 22:06 | Report Abuse

Using AAX as a sacrificial lamb to get capA to exit PN17 is what Stony can come out with.
Not so fast, will the plan can approval from so many parties.

The below is from the annual report page (27 & 28) audited account. A bit different from the unaudit Q4 end 31/12/2024 report
CapitalA Balance Sheet as at 31/12/2023 of:
Net current liabilities: RM (12,669,239,000)
And Net total assets/total equity : RM (10,624,737,000)

Posted by ykyew11 > 2024-05-01 22:24 | Report Abuse

On the list of approvals, no particular party strikes to me as something they will not get approval on. The fact that AAX shares and Capital A shares are up 27% and 15% respectively since announcement tells you everything you need to know, as for Malaysian regulators I think it is pretty uncommon for them to reject such proposals

Posted by jenabchen123 > 2024-05-01 22:31 | Report Abuse

Cap A will get back 50% of catering. Besok 5 sen naik for sure. Cepat masuk!!!

Posted by jenabchen123 > 2024-05-01 22:35 | Report Abuse

Ayo... 50% ground handling lo... Banyak duit kah sini?? Catering already in their pocket. Still I bet 5 sen naik tomolo morning.

Posted by TradingFUN > 2024-05-01 23:35 | Report Abuse

Maximum Scenario
Audited as at
31 December
2022
(I) (II) (III) (IV)
Subsequent
events prior
to the
Proposals(2)
Assuming all
the
outstanding
RCUIDS and
Warrants are
exercised
After (II) and
the Proposed
AAAGL
Disposal and
Proposed
Distribution(5)
After (III)
and the
Proposed
AAB
Disposal(6)
RM’ million RM’ million RM’ million RM’ million RM’ million
Share Capital 8,655.0 8,655.0 10,081.3 7,881.3 7,881.3
Merger Deficit (5,507.6) (5,507.6) (5,507.6) (5,507.6) -
Other Reserves 204.0 204.0 (35.5) (29.5) 35.2
Foreign
Exchange
Reserve (153.3) (153.3) (153.3) (446.8) (7.1)
Accumulated
Losses (8,923.2) (9,723.4) (9,737.5) (6,303.4) (6,244.0)
Shareholders’
equity/ NA (5,725.1) (6,525.3) (5,352.6) (4,406.0) 1,665.4
Number of
ordinary shares
in issue
(’million) 4,161.79 4,161.79 (4)5,847.08 (4) 5,847.08 (4) 5,847.08
NA per Share
(RM) (1.38) (1.57) (0.92) (0.75) 0.28
Total
borrowings
(RM'million) 17,995 23,961 23,961 15,723 1,076
Gearing ratio
(times) (1)N/A (1)N/A (1)N/A (1)N/A 0.64

Posted by TradingFUN > 2024-05-01 23:37 | Report Abuse

Minimum Scenario
Audited as
at 31
December
2022
(I) (II) (III)
Subsequent
events prior
to the
Proposals(2)
After (I) and
the Proposed
AAAGL
Disposal and
Proposed
Distribution(3)
After (II) and
the
Proposed
AAB
Disposal(4)
RM’ million RM’ million RM’ million RM’ million
Share Capital 8,655.0 8,655.0 6,455.0 6,455.0
Merger Deficit (5,507.6) (5,507.6) (5,507.6) –
Other Reserves 204.0 204.0 210.1 274.8
Foreign Exchange Reserve (153.3) (153.3) (446.8) (7.1)
Accumulated Losses (8,923.2) (9,723.4) (6,289.3) (6,229.9)
Shareholders’ equity/ NA (5,725.1) (6,525.3) (5,578.6) 492.8
Number of ordinary shares
in issue (’million) 4,161.79 4,161.79 4,161.79 4,161.79
NA per Share (RM) (1.38) (1.57) (1.34) (0.12)
Total borrowings
(RM'million)
17,995 23,961 15,723 1,076
Gearing ratio (times) (1)N/A (1)N/A N/A 2.18

Posted by TradingFUN > 2024-05-01 23:38 | Report Abuse

Look into the details of the restructuring plan in the prospectus and requirement to exit from PN17

Posted by Sslee > 2024-05-02 07:33 | Report Abuse

The facts since capA is undervalued do you think any investors will invested in AAX/NewCo RM 1 billion PP or directly invest tgecRM 1 billion in capA?

If you are the investors will you invest RM 1 billion in capA or AAX/NewCo?

Why Stony did not ask the new investors to inject that RM 1 billion new capital into capA now?

Can it be RM 1 billion is not even enough to save capA?

If RM 1 billion not enough to save CapA then can the RM 1 billion enough for AAX/NewCo?

If AAX/NewCo failed will Stony and BOD end up in jail?

Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:

“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”

Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:

“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”

If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration

Posted by Sslee > 2024-05-02 08:07 | Report Abuse

If you really believe in Stony, will you want Stony to do somthing against the law just so that capA can exit PN17 but end up with Stony in jail?

Or you do not mind even capA delist from Bursa and you still holding to your unlisted capA to allow Stony time and space to do debts restructure (creditors haircut) and then relist aviation, MOVE, ADE and etc to realised its full potential value?

Posted by TradingFUN > 2024-05-02 08:12 | Report Abuse

Pls understand the whole restructuring plan before kept on commenting.

Posted by TradingFUN > 2024-05-02 08:15 | Report Abuse

I rather choose to believe on TF than the no brained that keep on posting nonsense without understanding the facts in the restructuring plan

Posted by TradingFUN > 2024-05-02 08:19 | Report Abuse

The no brainer likes to comment why others not doing this and that , like an expert dictating others decision without knowing what's going on. That's why TF can be a CEO and he just keep on putting up his useless comment