but certain of their business did quite well, for example their Tiara Beach Resort in Port Dickson under D' Tiara which is a subsidiary of them.

Resort busines from its segmented business analysis from its 2008 report, showed it is not doing well, it made losses for the company.

So how can it do well?

Also its principal activities is in O&G construction or construction related, Resort business just part of it only.

A big mystery is where these receivables are....

become the most active counter for today.
seems that got large B-Q to buy at current price

No worries, the auditors said the receivables are true and fair amount.

can show us the report about the auditor's report?
i will be very glad if those receivables were actually there, invest more than 30k there.
means that the current situation is due to delayed receivables as they stated in the annoucement?

Oilcorp fired the old auditors, new auditors very blur blur

The latest Annual Report 2008 was 8 months ago, everything change now.

Paid some newspapers to write good recomendation for OilCorp, then sell your shares

---

Added on September 23, 2009, 2:50 pmI'd like to know why two directors resigned last week as well......

This post has been edited by David_Brent: Sep 23 2009, 02:50 PM

They must use the company money to invest in OILCORP. But who know, price not moving much.

looking at the huge buying queue i think sudnt b a problem jumping back to 0.3++ in short term,

"interest payment is due"...mayb its the same old tactic to collect shares at low price...

They are now officially PN17...disgraceful!

wow i just read the news ... hmmmmm .. thought of can buy and play this share..

This post has been edited by skylands: Sep 23 2009, 08:54 PM

What will usually happen to company listed as PN17? Any difference from normal shares?

No different, except it will be delisted by KLSE if there is nothing to rectify the situation by the company.

they have 1 year to come out with a regularization plan or clear their debts

OILCORP and SAAG almost the same price now.

better avoid this counter, no point betting a PN17 counter anymore.

cant believe, today morning time already drop again for 0.06.

will it drop again ?

wow...
drop again...
dunno whether there's anyone want to takeover the company...

Looks like Game is OVER.

May buy for fun @ 15c