@T800... to be fair to Barakah, despite its distress state, the shares price will not drop to this low 2.5 sen if not for the margin call. I am expecting a rebound very soon... Cheers T800
If my reading is right, we should be seeing an amicable solutions between the parties on the suspension. Possible cause of the disputes are the verbal variation works given on site...
Hi Mabel, sometimes I really respect T800 coz his prediction is sometimes correct but he only predicts the down side... we must admit it hit 0.025 yesterday But after that moment, he fails to predict that it will be all Up...no more down. Cheers....
@T800... Very sad to know that you terminated yourself by ghost of SAAG. You never recovered. Your constant repeat of SAAG keeps on reminding you of the sad episode. Normally time heals but not in your case.
Director/share holder also no want company share. Why you guy go to catch the ball? Why? If so good got prospect why he disposed? Force sell? Sure or not?
Talking of margin call, I find the relationship between Koon Yew Yin & Jaks as the most classic case I know of. It happened just last year. KYY & his gang lost a cool RM64 million due to margin call!!!
Mabel @Chun Loke Low Now we know why the price kept dropping. That much of shares disposal from Nik Hamdan, obviously it'd fall hahaha. Brace yourself, last 84 mil/10%
Barakah Offshore: Disputes RM85m claim. Barakah Offshore Petroleum and its wholly owned subsidiary PBJV Group SB have disputed the claim notices by PRPC Utilities and Facilities SB for RM85.2m in relation to the P14 contract. PBJV also issued a demand notice dated Aug 22, 2019 to PRPC. PBJV has demanded PRPC to pay RM6.6m and to withdraw the discontinuance letter within seven days from the date of PBJV’s notice. Further, PRPC has been demanded to process the Progress Claim No 10 within 15 days from the date of the receipt of the said notice. (SunBiz)
I think nik was big loser, because if regulation plan not abort. He can sell his share above 0.08. So now he sure very hot once.
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Posted by youarewelcome88 > 2019-08-26 16:22 | Report Abuse
@Happy3933.. Happy for you @ yummy match. Ha ha