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.
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