CPE has change this company and the turn around will be good for PATIMAS.I think the opening will be higher as bursa approve the appeal and normally if bursa done this at last minute means that the proposal is good and it will bring the turn around for this company and for that i believe it will be a hot stock when its open for trade. Yeah kinda agree that 2014 belong to PATIMAS turn around.
Although Patimas is presently suspended HYG is still promoting it n v should appreciate his effort but not to laugh at him. Now our only hope is for Patimas to be re-listed n then it will explode.........................good for everyone(shareholders)!!!
soong22. agree with u 100%. its actualy quite frustrating when u stuck with this counter for months. then when its unsuspend, u get all this "haircut". i believe, if the share remain as it is before suspended, when its unsuspend, we all can get big money. but with current regularisation plan, we wont get big money. unless, the share shoot up more than 100%..
Type : Announcement Subject : PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT
Description : PATIMAS COMPUTERS BERHAD (“Patimas” or the “Company”) - Monthly update on the status of the Company’s regularisation plan
Announcement Details/Table Section :
Further to the Company's announcements made on 1 and 2 November 2012 ("First Announcement ") in compliance with Paragraph 4.1 of PN17 and announcements made on 2 December 2013, 23 December 2013, 24 December 2013 and the Requisite Announcement made by M&A Securities Sdn Bhd (“M&A Securities”) on 2 December 2013.
The Board of Directors of Patimas wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had vide its letter dated 23 December 2013, decided to allow the Company’s appeal and granted an extension of time until 28 February 2014, to submit its regularisation plan to the relevant authorities for approval. The Company is now in the midst of finalising the proposed regularisation plan to the relevant authorities for approval. Further announcement on the development of the above matter will be made to Bursa Securities in due course. This announcement is dated 2 January 2014.
Finalizing could mean initial discussion with creditor, strategic investor or bursa is on before the plan is submitted. This show progress is on and further announcement could be soon followed.
atleast we know that there is something going on. i hope the directors are sincere about all this n hope they put all their best effort to get it sort out!
Happy new year to all. Yes, Patimas will be unsuspend soon and pls don't too worry. CPE is working hard for this and as I mentioned early, need time to get the new investor to come and invest in Patimas. Pls be patient.
The statement is old news on Dec 2013 and pls read carefully, base on the regulasition plan CPE may be become major shareholder. If this come true then will be something big happen in coming time. Pls don't worry and be patient. Hope we all can get big big gain in 2014. Then Patimas will be become superstar stock for 2014.
people who wish to see Patimas to fail: 1) those sold Patimas but with some regret shall have hold longer instead 2) those who hesitated to buy but athen missed the chance to buy at rm0.01 last closing price 3) those who prevalently hate Patimas due to passed bad experiences, the karma keep haunting back bad memory, wishing other people to experience same misery as its own
The regularisation plan is good from aspects: 1) Strong support by foreign investor CPE to undertaking all issue share, creating confidence for strategic investor and debtor alike to invest 2) Debtor although only paid 30% as settlement share value at rm0.10 (or equivalent value rm0.01 now before consolidation exercises), plus entitlement of equal quantity of right issue and warrant at NO extra cost, these can potiatially turn out more than value Patimas able to pay debtor if after relisting price jump from rm0.10, if I am debtor, I will be happy to compromise on this arrangement rather than gets pay lesser (or may get nothing since the debt are unsecured!) if force patimas regularisation plan failed 3) the issue share collect proceeds also consider capital expenditure to increase data center capacity, cloud deployment, working capital etc
Anything else?
Not sure if this will good enough for approver authorities.
Pslkft, I agreed your point. Pls be patient and I will show you all last month statement from CPE Tan.
Indications are that it will do so today. Fighting for the survival of Patimas is Steven Tan, who is the Malaysian representative of China Private Equity Investment Holdings Ltd, which had first emerged as a substantial shareholder of Patimas in January this year, with a 5.2% stake.
Tan has since become an executive director of Patimas.
“We are trying to save the company because we see potential in the data storage business. This is the one area of business within Patimas which we are bullish on,” he said. “We eventually see e-commerce from North Asia spilling over to South-East Asia.”
Tan is confident of turning Patimas around and hopes for it to remain a listed entity.
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....
izoklse
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Posted by izoklse > 2013-12-28 02:30 | Report Abuse
CPE has change this company and the turn around will be good for PATIMAS.I think the opening will be higher as bursa approve the appeal and normally if bursa done this at last minute means that the proposal is good and it will bring the turn around for this company and for that i believe it will be a hot stock when its open for trade. Yeah kinda agree that 2014 belong to PATIMAS turn around.