Cheng, Ya, Zetrix has already fully utilised its Sukuk Wakalah facility, so it can’t borrow any more from the Sukuk Wakalah.
If we look at the latest Q2 financials, Operating Cash Flow was RM557M, Investing Cash Flow was -RM1,135M, and Financing Cash Flow was RM587M.
Very roughly speaking, Zetrix had a funding gap of around RM300M each quater in order to maintain its existing operations and investments. also if you include the acquisition, share buybacks and dividends, the gap could easily reach RM400m–RM500m in this quater.
Compared with its current cash balance of around RM541M, and we're already at the end of Q3, so Zetrix should be looking to refinance very soon.

Cheng , you are right, now I understand , thanks.

老黃自己告公司？然後股息是不是沒出？
這招我還真沒看過，太厲害了。

我苦讀了大師以前的comment，有上過課真的不一樣，口水都會變成墨水，我決定洗心革面棄暗投明。
我要聽老師的話敢敢去~
老師講 ：so,你怕他不會起啊，你知道他手上有多少project嗎？了解和明白。that's all。

最好兩招都用。
一招是順勢的追漲殺跌，一招是逆勢的人棄我取。
只會用其中一種都會出現各自的問題，最好看適合的時機選適合的做法。

the assassin, 是咯，這樣一看好多股的股價跌了不少。我猜原因多少關係到市場在殺估值，以前市場還可以容許這些股在高一點的估值水平，現在市場風向不一樣了。

最厉害是他在maybank那里一直说他从技术图看出来maybank要崩盘了，一直从股价RM8喊崩盘喊到RM10.

幸好你有做cut loss。

还真是风水轮流转，如果退回几年前，有人预测这三只股会走到今天这个价位，绝大部分人都会觉得这个人傻了。

Cheng, looks like they’re all connected after all.
Initially, Zetrix was supposed to acquire a 50% stake in MYEG Ventures from Next Lion Ltd, but the deal has since been terminated.
Then there’s FTHA, the SPAC that is supposed to take Zetrix to the US. Next Lion is the managing member of FTHA’s Sponsor, Next Lion Sponsor Holdings LLC.
And Next Lion’s sole shareholder and director Yap , is also the CEO of M&A Asset Management. He has now been placed on administrative leave pending an independent review.
So now we have the SPAC Sponsor and the proposed Target having some pretty deep direct connections through Next Lion and Yap. I wonder how the US SEC will view all this.