Posted by derrickinvestor > 2016-06-14 20:12 | Report Abuse

aiya... spark counter ma..... just like Cliq lo

Posted by callme777 > 2016-06-16 09:38 | Report Abuse

When can we get our money back.? Sona mngt answer la

Posted by JN88 > 2016-06-16 09:38 | Report Abuse

I think you hv to wait 1 year.kekeke

Posted by callme777 > 2016-06-16 12:03 | Report Abuse

Why one year?

Posted by TheContrarian > 2016-06-17 19:03 | Report Abuse

Go attend AGM next week and ask.

Posted by meegoreng > 2016-06-20 11:31 | Report Abuse

Expecting "fireworks" tomoro???

Posted by prc4wifefe > 2016-06-20 22:28 | Report Abuse

I also u tak reelect depa...u yak boleh angkat duit

Posted by derrickinvestor > 2016-06-20 23:03 | Report Abuse

hope they didnt give the money to philiphines for charity

Posted by callme777 > 2016-06-21 09:11 | Report Abuse

Vote against the director salary

Posted by kerelbort > 2016-06-21 11:53 | Report Abuse

so.. mother got 48sen a piece .. time unknown.. no fighting at all.

Posted by ruslimz > 2016-06-21 12:14 | Report Abuse

www.theedgemarkets.com/my/article/sona-identifying-liquidator-unsure-when-shareholders-will-receive-cash?type=Corporate

Posted by meegoreng > 2016-06-21 12:19 | Report Abuse

Stupid bunch of old folks.

Posted by prc4wifefe > 2016-06-21 13:50 | Report Abuse

All quiet? No one throw dirty shoe

Posted by callme777 > 2016-06-21 14:16 | Report Abuse

Liquidation takes around 5-6 months

Posted by IVAN2222 > 2016-06-21 14:25 | Report Abuse

collect now....then sell at 0 48 cent...collect as much as u could

Posted by vincent27 > 2016-06-21 15:42 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/06/21/sona-petroleum-to-close-shop/


sona to close shop

Posted by callme777 > 2016-06-22 00:04 | Report Abuse

Bye bye

Posted by callme777 > 2016-06-22 00:05 | Report Abuse

Good aquisition but bad management

Posted by prc4wifefe > 2016-06-22 15:24 | Report Abuse

Terrible...million dollar Gaji...just gave up like that

Posted by callme777 > 2016-06-23 09:36 | Report Abuse

At 0.455 the return is 5.7percent per annum. If six months to get back money than is almost 11 percent!

Posted by callme777 > 2016-06-23 09:48 | Report Abuse

Thanks ! Got some at 0.455. Better than FD

Posted by Kareemabduljabbar > 2016-06-23 10:40 | Report Abuse

Assuming PWC do their work and prepare the liquidation issues now, and their legal advisors prepare the court filing for submission say 2-3 weeks after end of July, and assuming a 3 week hearing date on the liquidation (which is what the other SPAC got), and no issues during the gazette period, you should get 99 pct within 7 days of the court order. The quickest is end Sept. If any clowns decide to sue and appeal and frustrate investors using the legal process, then say bye bye.

Posted by callme777 > 2016-06-23 12:15 | Report Abuse

Yup, my friends who does liquidation says it will be around 4-5 months

Posted by rohank71 > 2016-06-28 22:26 | Report Abuse

Initial Investors are gonna sue Sona Board for not defending the company and going into liquidation. the liquidation may go into legal problem like CLIQ.

Posted by kerelbort > 2016-06-30 15:24 | Report Abuse

as others expect the company to liquidate in shortest amount of time. This will just become like CLIQ. sad sad. the management committee will have salary if this liquidation get drag, no?

Posted by ACELEE > 2016-06-30 17:40 | Report Abuse

If you do not have Better investment alternative at current mkt environment,sona should be a good arbitrage play,annualized returns approx 8% if can be done within 6 months (pls do not look down 8% oh unless your overall portfolio returns exceed it).conclusion,sona should be part of your portfolio if your others position can't exceed 8% returns this year,it might not be majority weightage at your portfolio but you can balance it off the risk.remember,stocks with clear exit timing or stocks which are defensive or allow us to hold it with limited cost is essential at current mkt condition as well as to enable us to pass thru super bear.

I know most of you worry on the similar cases like cliq,but even if this happen,we will still have our capital protection with current price (the only loss is opportunity cost)

Cheers

Posted by TheContrarian > 2016-06-30 19:53 | Report Abuse

The money held in trust is not used to pay for management salaries. The management cannot touch it. Only the liquidators when appointed can access it.

Posted by TheContrarian > 2016-07-14 17:37 | Report Abuse

I know because I am a liquidator.

Posted by CUTLOST > 2016-07-15 07:27 | Report Abuse

Going to fly soon

Posted by callme777 > 2016-07-15 11:15 | Report Abuse

The court case is no good

Posted by 4Elements > 2016-07-15 12:29 | Report Abuse

Aside from SONA, there r +- 1000 counters in Bursa Malaysia. Why wud anybody want to buy into a counter that is in the midst of a liquidation process. Its not like its dirt cheap. Furthermore the oil & gas industry is not doing well now. Hard to understand some investors.

Posted by Brutus121 > 2016-07-15 12:40 | Report Abuse

Most "Investors" in Malaysia are Punters buying on rumours...

Posted by callme777 > 2016-07-15 12:46 | Report Abuse

Well with extra cash and FD rates coming off, this is a safe haven for retirees like me. The return is much higher than fd and I can't afford high risk high gain.

Posted by TheContrarian > 2016-07-15 16:22 | Report Abuse

There's no court case.

Posted by callme777 > 2016-07-15 16:48 | Report Abuse

There is. A writ has been filed. They need to defend. And there may be a injunction to stop the winding up

Posted by TheContrarian > 2016-07-15 18:54 | Report Abuse

Less than RM200,000. This is claimed from the Company's operations monies, not the trust monies.

Posted by callme777 > 2016-07-19 23:34 | Report Abuse

SONA say they will defend the case. And there is no coincident. They received the summon writ on July 1st. Creditors no claim on trust account I agree but they can seek an injunction not to wind up the company

Posted by pisangtegap > 2016-07-22 14:44 | Report Abuse

babi punya sona

Posted by pisangtegap > 2016-07-22 14:44 | Report Abuse

anak haram

Posted by Ae Doh > 2016-07-22 15:56 | Report Abuse

almost all of the cliq energu, sona petroleum or even hibiscus petroleum member of board of directors are non performer in the former respective companies, they have poor technical skills and only survived with strong networking/goreng skills. I know halve of them. One of the reasons why they could not even buy assets when put on the field, they enjoy our money ma, through fat salaries as directors!

Posted by pvd_investor > 2016-07-22 20:23 | Report Abuse

if they were unjust with our money, the pain of the just people will go back to them which their money can't ward off. So don't worry.

Posted by triloo86 > 2016-07-27 11:50 | Report Abuse

sona is coming...... rumour will buy indonesia oil field....... by this week...........

Posted by callme777 > 2016-07-27 22:40 | Report Abuse

Don't be an idiot! This stock is game over and waiting for payback

Posted by callme777 > 2016-08-03 09:30 | Report Abuse

Litigation going on. Winding up postpone

Posted by TheContrarian > 2016-08-09 19:26 | Report Abuse

Good news. Sona filed winding up petition at the high court today nominating PricewaterhouseCoopers as liquidators.

Posted by BoomBoomChak > 2016-08-15 18:02 | Report Abuse

When can we get back our money?

Posted by jetchew > 2016-08-16 14:05 | Report Abuse

fast la.... if can get back 0.48 better than 0

Posted by TheContrarian > 2016-08-16 16:26 | Report Abuse

Court scheduled for hearing on 5th September. Money should come a few weeks after that.

Posted by TheContrarian > 2016-08-17 00:13 | Report Abuse

We should be getting back around 48.5 sen.

Posted by Kareemabduljabbar > 2016-08-17 11:51 | Report Abuse

The 3 pct is not a charge. It money withheld against any potential liabilities or obligations like tax etc etc. likely get back the 3 pct minus costs after say 12 months as a maximum, or the end of the relevant tax year. PWC as liquidators not stupid.