I guess all the warrants will most likely go to zero eventually as more rounds of new shares via private placement or ESOS cannot be ruled out. So it is prudent to just get back whatever money you can by selling all your warrants now and if you still have faith in the company's future , you should just buy the ordinary shares with the proceeds.
This has to be one of the most promising companies in the KLSE for the next few years. Most of the crude oil deposits in Malaysia are located in Sarawak and now that Sarawak has mostly taken back its mineral rights from Petronas, it could mean huge business potential for local Sarawakian oil servicing companies instead of West Malaysian Malay owned companies. The local Sarawakian people finally has their own opportunities to benefit from their local resources. No wonder the MD came back on board last year. I just don't understand why its share price has been dropping to this low level. Few believers yet, perhaps.
Why on one propose a resolution at every agm to have the company wind up and distribute the proceeds so that the full value of the NAV is fully realized?. Any legal obstacles to propose such a shareholder resolution at agm ?
with such a big discount to NAV, why no shareholders or groups of shareholders ask to wind up the company and distribute the proceeds of NAV back to them ?.It just required a shareholders meeting to do so. Why are they still holding on for so many years and still sitting around doing nothing hoping for what ?. Ignorance ?. Or just plain indifference ?. If they are really interested to get the full NAV instead of the much lower market price now, they can't wait for others to do the work for them ?