Js last weeks news coference mention SD will be back to good financial health in 2 years time Yesterday news apply for Judicial Management Hahaha share holder can still beleive in this kind management words??????
NEW YORK: Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies. Russia has massed enough troops near Ukraine to launch a major invasion, Washington said, as it urged all U.S. citizens to leave the country within 48 hours.
Britain also advised its nationals to leave Ukraine as Prime Minister Boris Johnson impressed the need for NATO allies to make it absolutely clear that there will be a heavy package of economic sanctions ready to go, should Russia invade Ukraine. Brent crude futures settled US$3.03, or 3.3%, higher at $94.44 a barrel, while U.S. West Texas Intermediate crude rose $3.22, or 3.6%, to $93.10 a barrel.
Both benchmarks touched their highest since late 2014, surpassing the record highs hit on Monday, and posted their eighth consecutive week of gains on growing concerns about global supplies as demand recovers from the coronavirus pandemic. Trading volumes spiked in the last hour of trading, with volumes for global benchmark Brent climbing to their highest in more than two months. "The market doesn't want to be short going into the weekend... if an invasion appears to be imminent and you know that there will be retaliatory sanction that will result in a disruption in natural gas and oil supplies," Andrew Lipow, president of Lipow Oil Associates in Houston. The International Energy Agency raised its 2022 demand forecast and expects global demand to expand by 3.2 million barrels per day (bpd) this year, reaching an all-time record 100.6 million bpd. The energy watchdog's report follows the Organization of the Petroleum Exporting Countries' warning earlier this week that world oil demand might rise even more steeply this year on a strong post-pandemic economic recovery. The IEA added that Saudi Arabia and the United Arab Emirates could help to calm volatile oil markets if they pumped more crude, adding that the OPEC+ alliance produced 900,000 bpd below target in January. The two OPEC producers have the most spare production capacity and could help to relieve dwindling global oil inventories that have been among factors pushing prices towards $100 a barrel, deepening inflation worldwide. The Biden administration responded to high prices by again stating this week that it has been talking with large producers about more output, as well as the possibility of additional strategic releases from large consumers, as it did late last year. Indirect U.S.-Iran nuclear talks resumed this week after a 10-day break. A deal could see the lifting of sanctions on Iranian oil and ease supply tightness. In the United States, drillers added the most oil rigs in a week in four years, with the rig count, an indicator of future production, rising 19 to 516, its highest since April 2020, energy services firm Baker Hughes Co said.- Reuters
After all those wayang show, SD is consider Game Over just a matter of time only... Just accept the reality there will be no trading for SD and waiting delisted from Bursa
>>>>>>> Posted by i3lurker > Feb 12, 2022 12:59 PM | Report Abuse
if those 25% creditors do not lodge objection to Court to oppose JM then its just like a 18 y/o girl takes off panties, lie down on street and scream ... Rape Me !!!... Rape Me !!!
JD means insolvent companies. Cannot pay debts. Lots of rotten assets or fake assets. Just a delay tactic to prevent legal action. Creditors get minimum payback. Shareholders get close to zero
Hahahahaha... "its up to creditors to object" if SO WHY do you posted your message here ??????
ANY creditors in this forum ?????
HAHAHAHAHA
>>>>>>>>>>>>> Posted by i3lurker > Feb 12, 2022 1:35 PM | Report Abuse
Directors and staff normally will just love JM coz it will mean another 12 months of huge bonuses and salaries and company car and company handphone and travelling allowances and company petrol and company unifroms and company shoes and company medical and company insurance and company car repairs and company food and annual leave and company holidays etc etc
Judicial Management is sought by SD is a clear demonstration of their mismanagement through the arrogance of Dr .K who runs the company as if it was sole proprietorship rather than a PLC....
As pointed out earlier,JM is not applicable to PLC where SD's application for JM would be dismissed by the Court as in the case of scomi berhad.
Calling for all promoters. Marble brain the Titanic Pearl white aka Ms Pucat. And all other story tellers.
What is your explanation now? 12/02/2022 7:28 PM
Haha … Didn’t know Mabel still has secret admirers here.
Did you all slept like a baby?
Mabel wake up very late today...sleep like a baby...Mabel had a sweet dream that many of us were on the Spacecraft rocketing towards Mars. We meet many aliens along the way. They come in many different opinions...
Mum used to say Life is like a Boomerang. You reap what you sown. As you can see most of the Naysayers has now transformed themselves into Kalim. All Opposing views were flagged and consequently deleted...
Confucius 孔子said : Two things in life that are difficult to achieve:- 1. To plant your idea in someone's head. 2. To plant someone's money in your own pocket.
~ Those who succeed in planting their idea in someone's head - we call Lao Shi(老师)(teacher) ~ Those who succeed planting someone's money in their own pocket - we call Lao Ban (老板)(boss) ~ The one who succeeds in both - we call Lao Meow (Investor and trader)
Those who don’t understand this message - we call Lao Lang (老人)(Old Person)
Karim and his team should be able to resolve this before Mabel's 2019 Bonus Issues Free Warrant expires in Dec 2024. 2-3 years from today, Serba should be back on her feet again. Touch wood, by that time, Mabel should be laughing HoHoHo all the way to the Bank.
Till then there are many other more handsome counters to dance with. Some even has 6 packs...so macho...For your information, all Mabel’s Biofuel Plantation closed Green on Friday and almost all Mabel’s Fossil Battleships, Super tankers and Jet Fighters closed Green. Life is so beautiful. So don’t waste your precious time here..
Basically,Dr.k knows very well the announcement of FFU could have a significant impact on SD whereby his head would be chopped. In order to pre-empt this possibility, he resorts to JM in the hope of miracle could happen to save his butt. Like i3lurker says" SD is just buying time"
JM is tantamount to receivership.
If the receivers believe that SD is not commercially viable to continue in the best interest of all stakeholders, winding up leading to liquidation is inevitable in the end.Thats why i say delisting is out of the question.
Marble brain the Titanic Pearl white aka Ms Pucat. And all other story tellers. I am sure they are all hiding as they know that their lies can't be hidden any longer. karma will fall to all those liars
High Court has ordered SD to reveal the FFU in two occasions .SD keeps defiant to apply for stay with Appeal Court and possibly Federal Court. Even though the upcoming verdicts are not on their side, SD have applied for JM as a backup to prolong their survival as long as they possibly could.
By then,all the resources of SD will been exhausted to leave basically "negative value" to the stakeholders like 1MDB.....
Poor equity investors bite the dust while bondholders get tiny bones without flesh if they are lucky in the end....
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....
Sneakpeek
2,199 posts
Posted by Sneakpeek > 2022-02-12 08:48 | Report Abuse
Trivial matters not so trivial after all eh..karim