On 22 April 2019, the Court has granted an extension of time to convene the creditor’s meeting for a further 90 days. However, the Court had decided to set aside the Restraining Order. The Company will continue to engage with the Company and PBJV’s lenders and creditors to achieve an amicable debt settlement proposal. Meanwhile, the Company will also seek all legal avenues to protect the Group when necessary, while a debt settlement proposal is being negotiated with the Company and PBJV’s lenders and creditors.
Odd, how come I didn't notice Barakah involved in so many legal cases? Last quarter report ady mentioned is it? Barakah's fundamental is really shit hahahahaha
Quarter Result on 31-Mar-2019[#0] QoQ - -98.74% YoY - -110.40%. @kianweng told u expected lose already! The subsidiary PBJV already got many lawsuit since last few year but protected by restraining court order only! Who told u debt restructuring will finish in few days? the report already stated hopefully will done in year end! Now we are expecting the white knight news and the detailed debt restructuring scheme (you can look back march end news, there already stated rough restructuring scheme) !
Both scomi and barakah posted bad QR as expected, that's why I said you can buy cheaper after QR out, tmr prepare your money to in, if you missed these ships agn, you won't be able to find another chance to in at 4.5cent (self estimated, I do not enter when 4cent because Im worry this historical low will break, and I don't think I will manage to get at 4cent tmr, but will put my 2nd queue at 4cent). **The ship will be start moving again on next Monday, grab a seat by tomorrow. The CAPTAIN with white beard will be reveal on tmr.
qr lose will not have much impact to this counter. We expected it having high percentage of quarter lose if not why we need debt restructuring!!Focus on the project (like rewarded rm 2 b project by Sapura) and company future!
Ikr chunkit hahahaha funny la these people, this loss means nothing la last year's loss also almost the same just this year bigger scale nia nothing changed
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....
Chan Cy
318 posts
Posted by Chan Cy > 2019-05-30 16:47 | Report Abuse
like this probably will ding dong again 0.55-0.65