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I tried to register for the AGM but turns out my account is nominee. Cannot ask anything. Someone ask what directors take money for as NO REGULARISATION PLAN despite 1 year gone. Nothing at all.
Bro Reach have asset oil field.have machinery to operate.have building on the field.haveemployee.have presence in aktau, kazakhstan. what they need is money to generate more money. entrance to PN17 could be many reason as weak as share falls below 25% of paidup cap. if share price recover same goes upliftment of pn17. the company is not having somekind of scandal or anything like.
Mohd, the company needs to submit a PLAN. Generating money will NOT result in uplifting. There must be an approved way to get it out of distress. If they do not submit plan, the shares will delist and be worth nothing. Look at SCOMI energies ... had earnings but no plan and now worth nothing for shareholders.
Of course I remember Sumatec. They were fighting for 10 years and got delisted a few years ago. Scomies is more recent. I know they changed direction (highway construction) so their attempt was ridiculous. I compare PN17 companies. Chances are 20% overall to get out.
