Wednesday 26 October 2016

Sumatec

How low can you go. At last count it's trading at 6.5 sen. According to the STAR, it's associate company has defaulted on a RM134 million debt.

If accurate, this will be the second public listed oil and gas company, that has defaulted on a DEBT.

The first being, Perisai Petroleum, and don't forget, recently theEdge, had placed Hibiscus Petroleum in the same basket. DYNAMITE!!!