Really? I ve been stuck with PetOne since day 1 the counter suspended. Its been 5 month now since 22 May. Im stuck with RM20K solely on this counter equivalent to 381,000 units bought at ave price of RM0.52, really hoping that whateve news and rumors heard is correct. If its all going to happen for real, im lucky! Fingers crossed.
D-Day for Petone tmw....suppose to make requisite announcement pertaining to its PN17 regularization plan. Keeping fingers crossed some kind of plans in store!!!!!!!!!
Seabiscuit, what if there's no news at all? Hmm, what is next? PETONE will be delisted? What happen if they become delisted Company? What happen to us?
The Requisite Announcement by Petone is out!!! 2nd step now is the formal submission to regularize its financial condition and the up liftman of its PN 17 status. Last day of submission is on the 29th of Dec.
ZZjuniorinvest86......Since there is a RA by Petone. We wait for the 2nd part.If SC and Bursa reject all the proposal in total then we face the possibility of being delisted.But before that there is avenue of appeal. Delisted meaning taken off from the official list of Bursa listing group of entities.
Kamaru BahariBakar.....I believe "The Special One" will be the new group of investors who will steer Petone to a brighter future.Thus by getting the private placement new assets injection will take place.
we all have 5 working days left before expiry date on 28 Feb 2014. its either all our money get burnt or we got another chance to recoup our money if they manage to get listed once again.
Petone has submitted to Bursa its Regularisation Plan on the 28th of March.8 weeks for approval. Need 2 quarters of profit to up lift PN 17 which Petone already achieving. Looking good for Petone!!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
chyleglat
48 posts
Posted by chyleglat > 2012-09-03 11:53 | Report Abuse
something isn't right here. is the counter heading to trouble waters?