OilCorp Dispute May Bring Profit Opportunity

2009-09-29

OilCorp Dispute May Bring Profit Opportunity

OilCorp price was drop about RM0.24 since beginning of Sept due to announced that it had failed to meet its interest payment of RM1.64 million due and payable on Sept 17 and the reason for that is OilCorp said it did not have sufficient funds to settle the interest payment due as the receipt of certain large receivables had been delayed from is clients.

On Sept 15, it had written to Malaysian Trustees Bhd to seek an extension of up to one month from the interest payment date to remedy this matter.

If this matter setter the boss of OilCorp may push up back the company share so if buy now may be can make a huge profit but also huge risk. I just took the risk.

3 comments:

Anonymous September 29, 2009 at 1:01 PM: too risky leh..
East Point Trading September 29, 2009 at 5:13 PM: Yap abit risky but sometime this kind of share will jump due to over sold and the boss of the company usually will buy up the share.

Today OilCorp close at RM0.185, look like the boss is about to do something on the share price.

However, the movement of this share rally hard to said. Sometime need to see luck also.
Anonymous September 30, 2009 at 12:58 PM: thanks.. got to wait till mid of oct-09 then know how is it..

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