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...REB Reach Engy Bhd wishes to announce that it had on even date submitted an application to Bursa Securities for an extension of time up to 2 April 2025 for the Company to submit a regularisation plan to the relevant authorities.
market talk on REACH turn around time on this coming 10 year anni 24 july. my opinion could be happen oil price much different today compared way back then.new mgmt.perhaps
Consolidation? I think they need CAPITAL REDUCTION. Consolidation is when price of shares is too low and small retail cannot afford the spread. Say 0.005 and 0.01 - that is volatility of 100%.
I tried to register for the AGM but turns out my account is nominee. Cannot ask anything. Someone ask what directors take money for as NO REGULARISATION PLAN despite 1 year gone. Nothing at all.
Of course I remember Sumatec. They were fighting for 10 years and got delisted a few years ago. Scomies is more recent. I know they changed direction (highway construction) so their attempt was ridiculous. I compare PN17 companies. Chances are 20% overall to get out.