Posted by cricketlast > 2016-04-05 12:33 | Report Abuse

Hi mamajeru,

There will be no distribution of cash to warrants holders. The cash in the trust account is only meant for shareholders.

I think the warrants will still be listed until their maturity. However, they can only convert upon sona's acquisition of QA. Deadline for QA is July 2016.

Basically the warrants would not be worth anything if the QA is rejected in the upcoming EGM.

Posted by cricketlast > 2016-04-05 12:37 | Report Abuse

Hi mamajeru,

Actually the warrant might be suspended from trading once the QA is rejected. Just notice Cliq Wa was suspended last month.

Posted by sudahkena > 2016-04-05 14:19 | Report Abuse

can convert b4 acquisition QA????

Posted by sudahkena > 2016-04-05 14:19 | Report Abuse

why cannot convert now???

Posted by The One > 2016-04-05 14:29 | Report Abuse

Must have QA.. then only warrant can convert..

"Each Warrant shall entitle the holder to subscribe for one (1) new ordinary share of RM0.01 each in Sona Petroleum at the exercise price of RM0.35 per Warrant, at any time during the period commencing from and inclusive of the date of completion of the qualifying acquisition up to and including the maturity date"

Posted by sudahkena > 2016-04-05 14:35 | Report Abuse

if QA fail..then get nothing.... but if approve... maybe get 100% return

wah...very good bettinh

Posted by superfly > 2016-04-05 15:09 | Report Abuse

dari 0.095 skrg jadi 0.04..haha..waste time saja..baik ler cari saham lain kat bursa,ada beratus saham lain lagi yg boleh buat duit segera.

Posted by cricketlast > 2016-04-05 15:22 | Report Abuse

Hi sudahkena,

But you have to be careful. The issue with the QA is that most of the investor in particular Credit Suisse and Pacific Aliance are yield type investor. If i am not mistaken they hold a combine of 25% shares in Sona.

They go to Europe for example and borrow money at a rate of below 1%.
Then use this money to buy Sona shares at 45 sens knowing that the cash trust amount to be distributed to shareholders is around 48sens (if QA is rejected) . This translate to a profit yield of more than 6.6% which is ok for them since its not their money anyway in the first place. Basically this is an arbitrage opportunity for them.

In order for the QA to pass, they will need at least 75% vote (not inclusive of management votes).

That's why people are anticipating that the QA would not pass thus making the Sona Warrant a very risky investment at the moment.

Posted by Old90 > 2016-04-05 15:35 | Report Abuse

Wait for official announcements.

Posted by sudahkena > 2016-04-05 15:39 | Report Abuse

yup... very risk..but today volume..someone take the risk...

Posted by ruslimz > 2016-04-05 15:42 | Report Abuse

sudahkena......aiiiii...lu cakap mau rest.....jangan main ini baranglaaaa...

Posted by sudahkena > 2016-04-05 16:01 | Report Abuse

in sona case... acquisition + capital repayment. .... ths time quick attractive. ...

Posted by sudahkena > 2016-04-05 16:08 | Report Abuse

see...always have buyer at 0.04..... they really betting..... ths time better than genting

Posted by cashflow > 2016-04-05 16:27 | Report Abuse

Warrant could spike with volatility closer to next meeting.

Posted by xiongyan > 2016-04-05 21:45 | Report Abuse

Buyer at 0.04 is not betting..... buy 0.04 coz know the inside information......
If want betting better go to genting...

Posted by anon2020 > 2016-04-06 21:38 | Report Abuse

genting down also today...

Posted by derrickinvestor1 > 2016-04-07 17:04 | Report Abuse

better run la... u have seen how ppl burn in cliq warrant..

Posted by jk37 > 2016-04-09 15:25 | Report Abuse

23/4/16 is the day eat abalone or eat porridge

Posted by sudahkena > 2016-04-09 17:26 | Report Abuse

haha

Posted by speakup > 2016-04-09 17:37 | Report Abuse

sona-wa is only for punters. only buy if u are willing to risk all.

Posted by xiongyan > 2016-04-10 19:26 | Report Abuse

Hahahahahah ......... next week all clearly ...show time
.

Posted by Foreign_investor2016 > 2016-04-12 06:32 | Report Abuse

Have you bought Sona-WA at 0.035? Buy them now and smile with me again on Apr.26

Posted by Mk17 > 2016-04-12 08:39 | Report Abuse

bought in 0.04 can smile?

Posted by xiongyan > 2016-04-12 08:53 | Report Abuse

Gogogo...

Posted by xiongyan > 2016-04-12 08:53 | Report Abuse

Dont miss the boat....

Posted by cliqbabi88 > 2016-04-12 10:57 | Report Abuse

I hold 580K share of mother share, VOTE YES !

Posted by speakup > 2016-04-12 11:00 | Report Abuse

if u hold mother, no need worry. only sona-wa holders need worry

Posted by bryan90 > 2016-04-12 12:09 | Report Abuse

Now I very worry because I have hold a lot sona wa share

Posted by maselankacak > 2016-04-12 14:07 | Report Abuse

erkk bryan. then before u bought, what judgment did u make? if good, no need to worry la

Posted by bryan90 > 2016-04-12 14:56 | Report Abuse

Because I see this share is good for further and analysis the oil prices will be come up again.

Posted by mamajeru > 2016-04-12 15:30 | Report Abuse

all the major share holders vote yes .. only left 15 % unknown .

Anyway gua silaaaang all @0.035

Posted by bryan90 > 2016-04-12 17:13 | Report Abuse

So a great opportunity to be successful takeover

Posted by bryan90 > 2016-04-12 17:14 | Report Abuse

If not I will l will loss a lot money .

Posted by xiongyan > 2016-04-12 18:53 | Report Abuse

0.035 after qa pass boom0.11 , oil price before amg maybe 45+more....... tomolo start collect more sonavwarrant.

Posted by bryan90 > 2016-04-12 20:27 | Report Abuse

So confident 。??

Posted by OPMS > 2016-04-12 20:31 | Report Abuse

bryan, see this..

http://www.klse.my/stock/insider/substantialShareholder/all/5241.jsp#stockDetailDiv

Posted by bryan90 > 2016-04-12 21:43 | Report Abuse

Hi OPMS
this is website detail I have go to read.
But some place I dont understand.

Posted by bryan90 > 2016-04-12 21:46 | Report Abuse

Because I still consider want sell out some share or not to make down the rise.

Posted by Foreign_investor2016 > 2016-04-12 22:37 | Report Abuse

Credit Swisse is the famous fund group in Sona & Cliq...follow their movement

Posted by Na Zhou > 2016-04-12 23:15 | Report Abuse

oil break 44 ......... future is better for sona..... this time perfect for sona ....qa no problem

Posted by bryan90 > 2016-04-13 08:31 | Report Abuse

Good

Posted by bryan90 > 2016-04-13 11:52 | Report Abuse

Recently the volume no a lot. .
why

Posted by Na Zhou > 2016-04-13 13:04 | Report Abuse

coz still in deal, still not comfirm..... but percentage qa pass is rise......... timing good..

Posted by bryan90 > 2016-04-13 13:40 | Report Abuse

Because I want to sell out. Can't because volume is little bit only.
Now I just waiting until 26 .
50/50

Posted by sudahkena > 2016-04-13 21:12 | Report Abuse

game change now..mgt really serius ths time...

Posted by bryan90 > 2016-04-13 21:19 | Report Abuse

Good news for us. Sona wa.

Posted by sudahkena > 2016-04-13 21:53 | Report Abuse

bryan.... what compensation? if fail.got nothing...

Posted by bryan90 > 2016-04-13 22:02 | Report Abuse

Correct because my friends give me wrong information.

Posted by Bull13 > 2016-04-13 22:48 | Report Abuse

Tmrw SONA wa will fly. If u buy now at 4s + 35s conversion=39s. Still get 8s repayment. Fantastic deal!!!

Posted by xiongyan > 2016-04-14 01:19 | Report Abuse

Century.... comfirm qa pass oledi.... sure money money come oledi..... dont miss boat......