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Alam in PN17 from 2021. They used Covid as a cover to do nothing. Also after covid for a long time they did NOTHING. Now they have a plan that shareholders will finance all debts after haircut. Also creditors will get shares.
I love this post. Lots of sense. Translated:Curious, it has been more than five years since this oil stock was put into pn17. In the past five years, a bunch of white warriors and the submission of restructuring plans have all been gimmicks. Nothing has been accomplished at all. The debt is so high that it can't be paid off, but it hasn't been delisted yet. Five years ago That’s a lot! Is bursa sleeping? Is it a miracle? (Alam is also a miracle) Can pn17 last so long?
No. But the counter is doing surprisingly well. I start to believe that insiders know something. White elephant sold ? Or maybe new PN17 Plan ready to submit.
