you voted against it?

now i am wondering whether i should take additional units of the new sukok....
most likely i will take lah... 6.2% irresistible

FSM is gone bonkers. I just got this email. What does it mean?

Dear Valued Client,

Thank you for investing through FSMOne.

We are writing this email regarding the extension notice of Tropicana Exchange Offer.

Please be informed that the extraordinary resolution voting conducted during the EGM on 8 October 2024 was not carried, investors who have abstained or rejected will not be exchanging to the new Sukuk and will continue to hold onto the existing Perpetual Sukuk.

The Issuer has decided to extend the Exchange Offer to all Sukukholders who have abstained or rejected the Exchange Offer until 18 October 2024. As such, we are reaching out to you again to seek your final decision on the Exchange Offer.

If you do decide to change your mind and accept the Exchange Offer, you will be:

- Exchanging your Perpetual Sukuk for the New Sukuk,
- Receive a consent fee of 0.25% of the principal amount in cash and,
- Accrued interest from the Existing Perpetual Sukuk.

Kindly respond to this email if you intend to accept the Exchange Offer by 3pm, 15 October 2024 (Wednesday). If we do not get a response from you, we will consider your previous actions as final.

For clients who have already voted to accept the Exchange Offer previously, there is no action required from you.

For more information, please refer to attached document.

Please feel free to contact us should you need further assistance.

------------

FSM already told me the voted on behalf of all Bond Express bondholders in favour of the resolution. They said we cannot vote individually. So why am I getting this email? Anyone knows? Also, looks like Tropicana is not giving up, they want another 3% acceptance to hit the 75% threshold. Seems kinda desperate, I wonder why.

I just login my FSm
Tropicana remains same
Perpertual 7%....

i just wasap FSM Bond KC no reply.

is ok lah, lagi lambat convert lagi best
pay us stepup rate  9.0%
no problem.

Yes correct.

{[(49 / 365) * 9% ] + 0.25%} * RM250,000 = RM3 645.55

converted today, tomorrow New sukok would be issued.

if can get below RM100 at FSM  i plan to buy

converted today, tomorrow New sukok would be issued.

if can get below RM100 at FSM  i plan to buy

FSM has effected the exchange offer however I didn't receive the accrued coupon for the 9% bond or sweetener of 0.25%. Anyone else got it?

yes received fsm abit late
you guys can sell at FSM.. 
FSM profit RM1.50, take  98.50 sell 100

Yes I already shared that the FSM Bond Express exchange is a scam bond exchange. There are no market bids/asks, merely bid/asks from FSM at their own predetermined prices. If there is no volume on offer by FSM, you cannot buy or sell - this is the case for 90% of their Bond Express bonds.

buy bond yes, you can key in lower price
but need  put cash in Account
7days no stocks, you claim back money
all the time cant get it, waste time and effort only
Sell i never tried
Not scam lah
willing buyer willing seller
we dont like we dont take it

is all open and transparent
you get what you see, nothing hidden.
can win meh if you really bring lawsuit?

i think sure lose
reasons:
1)make money in the open not wrong, price as stated
dong forget to get there u got to click agree agree.. so
how to win?

2)FSm buy from seller got risk
cant sell FSM sendiri tanggung
is not like FSM cant sell it off can go  ask seller to take back
and return money to FSM
but i support what you asked for
real live trade, we buy direct at the price client sell
but this is not the case now because

FSM team told me they are trying to get approval for that
if can  let buyer and seller deal direct ,
then FSM no need take risk sure cheaper lah

For now what we see  there for sale is
what FSM has bought up and paid to clients already
cannot sell FSM sendiri  tanggung!
so want to make 1.50 nothing wrong there

Yes, stepped up due to no call.
Yes, coupon was paid in end Sept.

I cannot brain it as well and it is definitely worth a buy.

My gut tells me their insiders/cronies are holding this sukuk (they didn't accept the offer to switch to the other bond) and are laughing to the bank.

There doesn't seem to be any legitimate reason to keep it in the market and pay the step up rates.

I think you guys are too emotional and angry
Call back or not is in our own hand now...

You want call back now easy...

Can always sell our sukok now ....and price rm100 or more...and go back to buy the perpetual bond ....now selling below rm100. The door is open wide....

I would only be outraged if the price of our sukok now is under water and price of the perpetual bond above rm100.00 that is where you can say you are being played out by Tropicana....logic or not you think about it...

if u ask me choose between the old perpetual bond and the new converted sukok,
i take new sukok.

if you take  the same view,...then we should thank Tropicana

not calling back no problem
sell our sukok  we can get more money
than the  call back

also no reason to jealous previous bond holders
paid 9% coupons

if we want we can also get that... just buy
at cheaper price some more!
below RM100.

so  no matter how i look at it also i cant find a reason
to feel being played by Tropicana