Sell alert for PN17 company.
In just 4 trading days, ie 30th October 2023, High court would decide on the Restraining Order (“RO”) for KNM.

If RO is extended by High Court, creditors cannot demand payment via court until RO is lifted at later date.
If RO is lifted by High Court, creditors can demand payment via court and KNM may be bankrupt, then delisted from the exchange.
Earlier, the RO was extended 3 times by the High Court.
On the last extension, a reasonable bystander would think that the court wanted to wait for the outcome of the recent EGM on 16th October 2023 before making decision. However, since the old management remains on board, most likely the RO will be lifted.
The Tunku Yaacob's men were on the board of Malaysian Merchant Marine (“MMM”), when it was delisted.
History normally would repeat itself again?
Before MMM is delisted, the price of shares would drop to RM0.005, with sellers queueing at RM0.005 and no buyer queueing.