previous quater revenue rm3.05millions comapre this quater rm3.98millions, looks like business still on going with extra income, not totally death business activities....but wait until audited result, dont happy too early... :)
Hopefully positive result affect positively bursa decision for 2nd extension
aik why in pdf copy under section B9 Dividend it stated that the director do not recommend any dividend payment in respect of the current financial period under review
looking at the detail latest financial statement and regulation plan on the road it think there is still a chance that bursa will allowed this extension as the date for meeting with scheme creditor already fixed and after that we will know whether PATIMAS will be safe by this white knight. On the dividend part i also dont know human error or there is a dividend or there is not. heheheh.
Well selling of company asset is part of regulation plan to generate income.Neverthless, still think at this juncture Bursa still reject for 2nd extension.Will set bad example if app for Application approved
if bursa reject and delist patimas, then they must sell out all the asset and cash repayment back to shareholder, 0.02 not much but atleast is a compensate to us...
Let's take this Patimas investment as joke in our life chapter, then life goes on as usual... Today u lost 20k, but this learned lesson may save u 200k in future...good luck all
The Board of Directors of PCB wishes to announce that the auditors, Messrs. Hasnan THL Wong & Partners [AF 0942] had on 20 February 2014 given notice in writing to the Company of their intention to resign as the auditors of the Company. Their resignation will only take effect immediately on the appointment of new auditors pursuant to Section 172 (15) of the Companies Act, 1965.
On 27 February 2014, the Company received a notice of nomination from CPE Growth Capital Limited, a shareholder of the Company nominating Messrs. Siew Boon Yeong & Associates [AF 0660] as the auditors of the Company for the financial year ending 31 March 2014 in place of the resigning auditors, Messrs. Hasnan THL Wong & Partners (“Proposed Change of Auditors”).
The Proposed Change of Auditors is subject to and conditional upon approval to be obtained from the shareholders at an Extraordinary General Meeting to be convened.
I still look good for this Patimas and now CPE will take part in the audit, it's a good sign. We wait for the 2nd approval from Bursa. The coming meeting will be important for Patimas to be unsuspend or not.
seriously I think there's over supply of cloud, data centres etc...based on what I hear from the industry. maybe they riding on the trend to sell the idea to the public so they can invest in empty shell companies with concepts but without the technology know how...still wondering will CPE cut lost in patimas, or playing with the share price to unload. injecting money will deepen their losses. A lot technology companies like Huawei with huge capital can easily eat up all these small players..unless project will be given to companies with joint venture with local companies...but then need someone powerful as their chairman to sapu the projects.
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 4 February 2014, 27 February 2014 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 the Company had on 26 February 2014 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for a further extension of time up until 14 April 2014 to submit the regularisation plan to the relevant authorities for approval and the said application is still pending for the approval from Bursa Securities.
Further announcement on the development of the above matter will be made to Bursa Securities in due course.
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soong22
44 posts
Posted by soong22 > 2014-02-27 17:41 | Report Abuse
Hahaha