waiting for next roung of goreng ..oh yeah

you think still got chance for 3rd round?, 1st round I missed, 2nd round made snack plate, 3rd round?

waiting for next roung of goreng ..oh yeah

i m also waiting for 3rd round... i didnt sell my share when second coz the price cannot rise until my required level...

look how 3rd round perform

Type
:
Announcement
Subject
:

TRANSMILE GROUP BERHAD ("Transmile" OR THE "COMPANY")
- Announcement Pursuant to Practice Note 17 of Bursa Malaysia Securities Berhad's ("Bursa Securities") Main Market Listing Requirements ("Main Market LR") (First Announcement)

Contents
:

Announcement Pursuant to Practice Note 17 of Bursa Malaysia Securities Berhad's ("Bursa Securities") Main Market Listing Requirements ("Main Market LR") (First Announcement)

Announcement Details :

(1) Introduction

Pursuant to Paragraph 8.04 and and Paragraph 2.1(a) of Practice Note 17 ("PN17") of the Main Market LR, the Board of Directors of Transmile wishes to announce that as of the date hereof, Transmile is considered as a PN17 Company.

            The PN17 criteria was triggered resulting from Transmile's latest unaudited quarterly announcement for the full financial year ended 31 December 2009 that was announced on 23 February 2010 wherein the shareholders' equity of the Company on a consolidated basis is less than 25% of the Company's issued and paid-up capital (excluding treasury shares) and such shareholders' equity is less than RM40 million ("First Announcement").


(2) Obligations Of Transmile Pursuant To PN17

            Transmile is required to comply with the following obligations pursuant to Paragraph 3.1 and 4.1 of PN17:

(I) Regularisation Plan

                        (a) To regularise its condition by undertaking a regularisation plan ("Regularisation Plan") and the Company and its Principal Adviser must ensure that the Regularisation Plan is sufficiently comprehensive and capable of resolving all problems, financial or otherwise that has caused the Company to trigger PN17. Such Regularisation Plan must be fair and reasonable to the Company and its shareholders and will increase shareholder value;

                        (b) To submit the Regularisation Plan within twelve (12) months from the date of this First Announcement ("Submission Timeframe") and to implement the Regularisation Plan within the timeframe stipulated by the Approving Authorities ("Implementation Timeframe"); and

            (II) Disclosure Obligations Of Transmile Pursuant to PN17

                        To make the following announcements:-

                        (a) Within three (3) months from this First Announcement, on whether the Regularisation Plan will result in a significant change in the business direction or policy of the Company;

                        (b) The status of Transmile's Regularisation Plan and the number of months to the end of the Submission Timeframe on a monthly basis ("Monthly Announcement") until further notice from Bursa Securities;

                        © Its compliance or non-compliance with a particular obligation imposed pursuant to PN17, on an immediate basis; and

                        (d) Details of the Regularisation Plan and sufficient information to demonstrate that Transmile is able to comply with all the requirements set out under paragraph 3.1 of PN17 after the Regularisation Plan, which shall include the timeline for the complete implementation of the Regularisation Plan ("Requisite Announcement"). This Requisite Announcement must be made by the Company's Principal Adviser.


(3) Consequences Of Non-Compliance With The Obligations

            In the event the Company fails to comply with the obligations to regularize its conditions, Bursa Securities will suspend the trading of the Company's listed securities immediately from the date of notification of suspension by Bursa Securities and de-listing procedures shall be taken against the Company, subject to the Company's right to appeal against the de-listing.


(4) Status Of Regularisation Plan

            As at the date hereof, the Company has yet to formalise a global regularisation plan to address its PN17 status. Notwithstanding that, as part of the Company's on-going debt restructuring, the Company has been actively and is still currently working towards finalising a conclusive debt restructuring proposal with its lenders ("Proposed Debt Restructuring"). The Proposed Debt Restructuring is expected to form an integral part of the overall Regularisation Plan to revive and reorganise the financial condition and core business of the Company.

            Any progress in this regard will be announced in accordance with the provisions of paragraphs 4.1(b), © and (e) of PN17.



The announcement is dated 23 February 2010.

now is a PN 17 company.
=======================

Happy new year
I never like this counter but for now it look good for a short term trade.
Buy 0.93
stop: 0.865
Resistance: 1.06 , 1.19 and 1.35
Why not give a try?
Good luck.