wat will happen to our money if delisted ar?

Seems like you are putting a lot with this counter, still holding it? So you buy it because of the Tiara Beach Resort only?

omfg.. i had couple of lots..

I'm going to start a support group for OILCRAP shareholders so we can all meet and swap war stories and cry on each others' shoulders...

....and plot our revenge......

They need good debts collectors.............. ?

According to remisier, do not own this stock... this is the advice given to those who want to buy cheap.
As many PN companies all die in the end.

this is not huge enough if compare with TRANMIL

Yeah...send a few Ah Long enforcers round to collect the RM400 million receivables.....

but i think there is a point will stop dropping and a small bounce back.. and continue to fall again ? feel like taking the risk ..

The degree of fall is similar, Transmile from 15 to 2.xx. Oilcorp previous years high was around 2.50, now less than 0.20.

The risk is not about share price alone, the main risk is they no longer listed, game over.

This is the primary risk why the stocks are sold down after being classified as PN17.

So invest bet on this stock, means one is betting the company will get out of PN17, as simple as that. Whether the company will or will not, is up to anyone guess.

but tranmil was just few days thing .. oilcorp from 2.5 high (so long ago ) to now 0.2, abit more like slowly die..

In actual fact, slow die is more painful, because you don't cut loss in those slow die situation. But for quick dive/die situation like Transmile, at least people will scare and cut loss.

In slow die situation, today drop 1 cent, so you have the hope tomorrow up 1 cent back, but everyday keep on hoping like than after a year, 2.00 gone without much notice.

True....very true......

pls include me.
really don't know what to do now, all earnings in stock trading for so long gone within days!!

i buy their share based on recommendation by a friend and speculation that their subsidiary OILFAB that receive quite a numbers of millions ringgit projects lately and their Tiara Beach Resort doing quite well.
now paper loss around 13k.
ABP 0.405
should sell them earlier.
anyone holding this counter pls share your info here..
don't believe a company with NTA around RM1.1x will ended up like this
actually the company shouldn't be in problem if they are able to collect the 400 million receivables (mainly on O&G sector)...
now it's impossible to stop loss anymore, will wait until the price rises back, maybe years after when the company out of PN17 or if lucky, they got their receivables on time.

This post has been edited by sjz: Sep 25 2009, 01:11 AM

Since PN17 means this company going to get delisted and money will gone beautifully.

Normally when we invest we tend to set cut loss at 10-20% depend ability to take risk. Since you mention u invest 30k, paper loss 13k, meaning you still have 17k.

You now have few choices, either cut it off take back your 17k or hold it for it to get out. So you facing a risk which it might go delisted anytime which means your 30k burn in share market and you might be someone outside that telling people, " I don't trust share market anymore".

So for me, i think i got a few suggestions for you, for my own oppinions, sell it.
1) Invest with mutual fund, start accumulating your bullet again, wait for next 5 years and the economy cycle back and we might face some crisis again and whack those blue chips company with all your bullet. Try to learn as much as possible about the market, know both fundamental, technical. You will be reborn and again and with a lot of bullets, you will win the war again 5 years later.

2)Cash all out also, but whack them all in blue chips, since everyone talking about market recovery, our local market and regional markets has been rally been march, overall, global market is doing very well for the YTD perfomance. My personally believe this bull can sustain until year end, looking back at history, a recession->recovery market can really sustain for a long time. Blue chips always the best choice, but you need to have a lot bullets.

3)Hoping it to rebounce, 97's crisis make the street full of bloods, because no one want to cut loss. Hoping the counters to rebounce. Make the wise decision, you still can fight if you still keep the bullets, you will lost everything if you just want to bet.

In the end, just my opinions, no offense

16.5 cts, coming to 15c today. Wow, Deja-Vu of TIME

Price drop again...to 17cents...opps...just drop to 16.5cents...
better let go now...loss less better than get nothing in the end...

it's very hard to see a comback for a PN17 companies...

400million receivables?how true is that...?
no one knows...as previous forumer said...the auditor might be abit blur blur 1...
so my advice...dun hold too much hope on the share...
better sell while u still can...

This post has been edited by eason47: Sep 25 2009, 09:30 AM

any sos abt the 400m receivables?

it looks kind of like the same figure of the 400m principal loan given by Lenders to Oilcorp..

Oilcorp merely defaulted on the intrest payment...

from news i have seen so far merely say "Large Receivables" due to Oilcorp but nothing more.