Posted by Kareemabduljabbar > 2016-08-17 11:54 | Report Abuse

You must ask yourself why is CS and PAG still buying ?

Posted by omega7055 > 2016-08-17 15:56 | Report Abuse

Any advice to the people still holding to SONA shares ? Average price bought at 0.47 .....
Been holding for more than a year....

Posted by TheContrarian > 2016-08-17 16:09 | Report Abuse

How come your average cost so high? I entered at 39.5 sen in December 2014.

Posted by omega7055 > 2016-08-17 16:17 | Report Abuse

Bought at 0.48 and 0.482 and some 0.43 ....Any advice ?

Posted by TheContrarian > 2016-08-17 16:35 | Report Abuse

omega, you should hold until redemption next month. Probably will get back 48.5 sen.

Posted by TheContrarian > 2016-08-17 16:37 | Report Abuse

What's all this talk about 3%?

Posted by callme777 > 2016-08-17 22:19 | Report Abuse

What's this 3 percent??

Posted by callme777 > 2016-08-17 22:20 | Report Abuse

500 mil plus x 3 percent is hell a lot of money

Posted by TheContrarian > 2016-08-17 23:06 | Report Abuse

Somebody trying to bullshit.

Posted by TheContrarian > 2016-08-18 09:10 | Report Abuse

Lots of counters underpriced. Some even trading below the net cash per share.

Posted by omega7055 > 2016-08-18 14:19 | Report Abuse

Ok thanks TheContrarian, why hold until next month then sell it.

Posted by TheContrarian > 2016-08-18 15:52 | Report Abuse

Sell now at the market you get only 46.5 sen.

Posted by rohank71 > 2016-08-19 22:53 | Report Abuse

can anyone advice when will be the payout?

Posted by cruz > 2016-08-24 11:34 | Report Abuse

CS keeps buying Sona........but stop buying Reach......CS may vote Yes for Reach!

Posted by Kareemabduljabbar > 2016-08-24 20:18 | Report Abuse

97 pct next month lah. Check with liquidator.

Posted by omega7055 > 2016-08-25 15:59 | Report Abuse

No need sell next month ? just wait for payout or what ?

Posted by TheContrarian > 2016-08-25 16:24 | Report Abuse

Wait for announcement on payout date.

Posted by callme777 > 2016-08-25 16:51 | Report Abuse

My broker say at least 3 months more

Posted by callme777 > 2016-09-01 08:35 | Report Abuse

The court case will delay the payout for another year. Be prepared to wait

Posted by callme777 > 2016-09-01 08:48 | Report Abuse

Because of the owing rm200k, the petition to wind up can't be approved. This enter court case and appeal and etc ... Will take up to a year or two. Back tactics to delay payout

Posted by DK66 > 2016-09-01 09:26 | Report Abuse

Normally a creditor will file for winding up petition for unpaid debts. In this case it is actually stopping it from winding up !

Posted by callme777 > 2016-09-01 11:20 | Report Abuse

Exactly, very funny. All over 200k claim and delay the whole process. Maybe management punishing the big players. Terrible shit co

Posted by TheContrarian > 2016-09-01 14:05 | Report Abuse

Wait for Monday's court decision and pray for the best.

Posted by callme777 > 2016-09-01 14:39 | Report Abuse

There is no decision. The courts will not grant a winding up when there is an injunction to it. I am a lawyer. I know how it works. This is very bad tactic by the management . Looks like us a form of punishment , legally they can do it, to punish the shareholders

Posted by TheContrarian > 2016-09-01 15:09 | Report Abuse

Was an injunction filed? Wasn't aware.

Posted by TheContrarian > 2016-09-01 15:15 | Report Abuse

I thought only notice to appear on petition filed.

Posted by DK66 > 2016-09-01 15:42 | Report Abuse

Yes, only notice to appear with intention to prevent the granting of winding up petition.

Posted by DK66 > 2016-09-01 15:54 | Report Abuse

Sona is a company with limited lifetime. The time has expired and the company has not applied for extension. Hence, the company is no longer a going concern entity and is unable to generate income. What good is it to the creditor to prevent the winding up ? It would only be meaningful if the company could generate future income. In fact, it is against the interests of the creditors to drag on as expenses will drain whatever is left in the company.

Posted by TheContrarian > 2016-09-01 20:38 | Report Abuse

The judge should throw out the objection and grant the approval for winding up.

Posted by Kareemabduljabbar > 2016-09-02 08:59 | Report Abuse

SONA Independent Directors better look at the other SPAC AGM and take note. Your Director's Fees not safe anymore. Quickly reclassify as Allowances. If for whatever reason SONA still listed and NOT under liquidator by June 2017 we have another AGM and your Fees may be claimed back. Inshallah a quick liquidation.

Posted by TheContrarian > 2016-09-02 12:32 | Report Abuse

Sona's situation is different from Cliq. Sona directors all want the Company liquidated.

Posted by DK66 > 2016-09-02 14:36 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5195957

Posted by najid > 2016-09-05 12:48 | Report Abuse

Sona's management is purely inept of handling almost anything. From the beginning until the end...

Posted by callme777 > 2016-09-08 09:58 | Report Abuse

End january 2017

Posted by TheContrarian > 2016-09-08 16:58 | Report Abuse

Court decision due on 15 September.

Posted by Kareemabduljabbar > 2016-09-09 09:23 | Report Abuse

I was told that even if the Court decides on the Liquidation order on 15 Sept, that this can be appealed by the Creditor and they can also file a stay on the Liquidation. Anyone who is a lawyer and / or Liquidator, can you please advice ?

Posted by callme777 > 2016-09-09 13:14 | Report Abuse

Yes you are right. Appeal to two higher courts. Can drag another year

Posted by Kareemabduljabbar > 2016-09-09 13:41 | Report Abuse

OMG if drag on another year the shareholders may decide to not approve the Directors Fees at next AGM like what happened to the other spac. Better selesai with the Singapore Indian Super Maniam. Small number only lah for Super Maniam and also the actual creditor.

Posted by jetchew > 2016-09-14 10:15 | Report Abuse

when can return my money back??

Posted by 2016v > 2016-09-14 10:44 | Report Abuse

if the amount disputed is small, might as well pay or settle out of court and get yr money back this year than 1 year later.

administration cost and salaries incurred already more than amount disputed

Posted by Ae Doh > 2016-09-14 12:09 | Report Abuse

SPAC had proven be one of the platform that cheat people like us through their respective board of directors, as of now only Hibiscus Petroleum that has been 'successful' in geeting out to do some stupid oil assets acquisition that resulted in poor performance before and after crude oil price crisis! Thrust and honest are hard to come buy anymore these days when money is becoming personal objective. Thank you

Posted by Tawan Wannapaeree > 2016-09-15 11:53 | Report Abuse

when and how much per share for us suppose to pay us.
Who know well pls.tell us. Thanks

Posted by Tawan Wannapaeree > 2016-09-15 11:55 | Report Abuse

Now selling price .46

Posted by Tan Toh Fei > 2016-09-15 12:14 | Report Abuse

i wander who set the target price, this is a weak counter that shldn't involve as well.

Posted by DK66 > 2016-09-15 21:05 | Report Abuse

Anyone knows the outcome of the hearing today ?

Posted by Kareemabduljabbar > 2016-09-16 22:31 | Report Abuse

OMG another delay ?

Posted by callme777 > 2016-09-19 14:02 | Report Abuse

Case apparently postpone. Delay again. Maybe june next year

Posted by 2016v > 2016-09-19 14:16 | Report Abuse

directors and those few employees can shake legs and get their salary until liquidation - nothing much to do, can clock in at noon & clock out at 1pm

office rented still spacious and at KLCC? legal fees clocking up over the time.

Posted by DK66 > 2016-09-19 15:32 | Report Abuse

Why the results of the court hearing not announced ? It should announce the results promptly for the benefit of everyone not just the few who has knowledge. Share price crawling up...... should be good news.

Posted by Kareemabduljabbar > 2016-09-19 17:39 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5207945