CLIQ ENERGY BERHAD
KLSE (MYR): CLIQ (5234)
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IPO Info
File Name: CLIQ-Page 111 to Page 254.pdf Download
Discussions
5 people like this. Showing 50 of 4,370 comments
Appeal court hearing fixed in September. I don't think liquidators dare to return trust money because they can get sued.
2016-06-29 22:33
the longer the delay in returning the money to shareholders the longer the directors get paid with big fat salary (shareholders money ma). Sona is coming to that tricks as well
2016-07-22 16:00
You can't do anything because even SC and Bursa are afraid. Nobody wants to be liquidator now because can get sued by Best Oracles. What I did was sold off all my Cliq shares at 69 sen months ago.
2016-08-03 20:20
why is the distribution 73 sen for cliq? from what i understand, promoters cannot participate in the liquidation. so now there is 360.4 million in the trust account, 504752720 shares(this excludes those held by promoters)....so the distribution shud be 71.5 sen per share. why is it 73sen per share? where have i gone wrong?
2016-08-19 08:17
or is it actually 71.5 sen per share and so the underpricing is just very little....
2016-08-19 08:29
You need to take out Initial Investors and also the Promoter block.
2016-08-19 10:28
yes there are 631009390 shares. promoters and initial investors hold 20%. which means excluding them, there are 504807512 shares....and don't we use this figure?
360.4 million / 504807512 = 71.4 sen per share.
count again guys....if this calculation is correct than no such thing as 73sen !
2016-08-19 10:40
btw...the earlier figure i used for number of shares was different because of some roundings i made. but the 504807512 figure is correct.
2016-08-19 10:41
Your denominator incorrect. Please read the prospectus as to who and whom qualifies for the Trust money.
2016-08-19 11:08
why is cliq directors still collecting directors fees????
http://www.thestar.com.my/business/business-news/2016/08/19/cliq-energy-faces-shareholder-revolt/
2016-08-19 14:05
Do not know why they dare to ask for director's fees ? why need to pay to them ? pay for them to pay for their lawyer fees to fight for against winding up. A group of rubbish directors.
2016-08-19 16:46
If no money to survive, please go to look for a job, dont like a beggar to ask for free money.
2016-08-19 16:49
I believe from what I read in the Bursa disclosure and also the newspapers that the board consists of independent directors and the directors who are conflicted. The conflicted directors are the original promoters who have sued the SC and been frustrating the liquidation. The independent directors been doing their job for a full and quick liquidation. If you angry your money is stuck, you should target the culprits and not the entire Board.
2016-08-19 17:09
Shareholders can move a motion to sack those directors. All you need is a simple majority.
2016-08-20 04:06
I am confused. Who on the Board is delaying the Liquidation, and were these people penalized Who is working hard for a quick Liquidation, and were these people encouraged / rewarded ?
2016-09-02 18:18
I suppose this is called "collateral damage" as Siva Kumar called for NO VOTE as a show of shareholders' wish for money to be returned.
2016-09-02 22:44
I don't think the intention of the shareholders is to deprive the directors of their fees.
2016-09-02 22:46
Very confused. Didn't shareholders vote to penalize the very same people who working hard day in and day out for a faster liquidation ? Sounds silly no ?
2016-09-03 11:44
The shareholder can express their views in so many other ways more so a substantial shareholder like jaya kumar. He could have proposed a resolution. He didn't.
2016-09-03 11:46
I m confused too. Perhaps you are right. The poll results just simply showed that the shareholders aren't happy with the directors' effort, not good enough.
2016-09-03 23:03
Told you court only sits tomorrow to deliver judgement on appointment of liquidator.
2016-09-25 17:02
TheContrarian
sorry interupt here team
TheContrarian can ask whether do you follow CCM ah ?
CHEMICAL COMPANY OF MALAYSIA
2016-09-25 17:14
I think Best Oracle trying to get a stay and liquidator now scared to accept appointment because Best Oracle will sue.
2016-09-27 22:47
Expected distribution to entitled shareholders
Trust Monies = 362.8 M (as at 27.9.16)
Entitled shares = 484.7523 M
First distribution per share = 0.7484 x 98%
= 0.73345
not later than 30 days from the date of obtaining the sealed copy of the Order
probably before end of october 2016
the balance 2% of the monies to Entitled Shareholders within one year from the First Distribution after deducting direct expenses related to the liquidation distribution and obtaining tax clearance.
2016-09-28 09:52
Hi all, am totally new to SPACs. Can someone please tell me how does the liquidation process work? Once the liquidation of the company is through, investors will automatically get their money back without having to do anything? Is that how it works?
2016-10-19 23:16
got a email from my bank. money is in :)
Dear Sir/Madam,
We wish to inform you that the below net dividend due to you will be paid to your designated Bank Account as follows:
DIVIDEND CLIQ ENERGY BERHAD
DIVIDEND TYPE : INTERIM LIQUIDATION DISTRIBUTION DIVIDEND
ENTITLEMENT DATE : October 07, 2016
BANK ACCOUNT NO. : XXXXXXXXXX
BENEFICIARY BANK : XXXX Bank
PAYMENT AMOUNT : RM 29,320.00
PAYMENT DATE : November 14, 2016
REF. NO. : XXXXXXXXXX
The crediting of monies to your account will be subject to final clearance by the Clearing House & Beneficiary Bank. Should you have not received the payment in time, please contact the Share Registrar accordingly.
This is a system generated email. Please do not reply to it.
2016-11-14 12:13
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speakup
why Cliq not yet delisted? 3 year timeframe long over alraedy.
2016-06-02 11:50