ShareJunction - Member Posts

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Bro Demo, that is why i am urging fellow shareholders to write to SGX. Even tho they may not investigate the LCL but they can put some obstacles to the deal...to force HK/CEI to negotiate. Why should we let those leeches enjoy our blood?

Demostation ( Date: 14-Jun-2014 17:08) Posted:

There is a possibility that SGX may not approve the AIP, if too many people show discontent.

Alternative if CDW wants to pull through, he might have to renegotiate better terms for Hankore, or get bombarded or dissapointed.

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The only reason the LCL can come up with is. " You guys must look at the entire forest, just not the tree" . But he failed to understand that this bloody forest has only one tree and is so farking expensive.

hmphie ( Date: 14-Jun-2014 17:04) Posted:

I wonder what reason he will come up with at the EGM to placate everyone?

CCBDavidChen ( Date: 14-Jun-2014 12:39) Posted:

Bro Demo,

think they need AIP from SGX first. No approval , no EGM...lets hope SGX kills it. I read some forumers wants to bring eggs and donkeys to EGM. Wow interesting, I too want to attend.

This whole thing is a joke, thanks to Mr Chen Da Wei. He is in a hot seat and with the share price declining since $1.49 , he will face a whole lot of angry shareholders including Mr Wang. David is really a clown, not a magician.

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There is a possibility that SGX may not approve the AIP, if too many people show discontent.

Alternative if CDW wants to pull through, he might have to renegotiate better terms for Hankore, or get bombarded or dissapointed.

x 0

I wonder what reason he will come up with at the EGM to placate everyone?

CCBDavidChen ( Date: 14-Jun-2014 12:39) Posted:

Bro Demo,

think they need AIP from SGX first. No approval , no EGM...lets hope SGX kills it. I read some forumers wants to bring eggs and donkeys to EGM. Wow interesting, I too want to attend.

This whole thing is a joke, thanks to Mr Chen Da Wei. He is in a hot seat and with the share price declining since $1.49 , he will face a whole lot of angry shareholders including Mr Wang. David is really a clown, not a magician.

Demostation ( Date: 14-Jun-2014 11:16) Posted:

When is the EGM? Will be interesting to attend.

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Thanks bro, Chen Da Wei is a LCL, not a CCB, hahaha.

CCBDavidChen ( Date: 14-Jun-2014 12:39) Posted:

Bro Demo,

think they need AIP from SGX first. No approval , no EGM...lets hope SGX kills it. I read some forumers wants to bring eggs and donkeys to EGM. Wow interesting, I too want to attend.

This whole thing is a joke, thanks to Mr Chen Da Wei. He is in a hot seat and with the share price declining since $1.49 , he will face a whole lot of angry shareholders including Mr Wang. David is really a clown, not a magician.

Demostation ( Date: 14-Jun-2014 11:16) Posted:

When is the EGM? Will be interesting to attend.

x 0

Bro Demo,

think they need AIP from SGX first. No approval , no EGM...lets hope SGX kills it. I read some forumers wants to bring eggs and donkeys to EGM. Wow interesting, I too want to attend.

This whole thing is a joke, thanks to Mr Chen Da Wei. He is in a hot seat and with the share price declining since $1.49 , he will face a whole lot of angry shareholders including Mr Wang. David is really a clown, not a magician.

Demostation ( Date: 14-Jun-2014 11:16) Posted:

When is the EGM? Will be interesting to attend.

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When is the EGM? Will be interesting to attend.

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90c is the critical support line... for next week... if broken... could see 80c pretty soon

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Hankore on straits times MONEY today... fair value 80c

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If in other countries esp in the US, if anything is viewed as fraud, a volunteer lawyer would sue a company free of legal costs for and on behalf of all shareholders and seek compensation from the suit to be instituted. Shareholders need just to sign an authorisation form and legal fees are only paid from the compensation when obtained. This is big business in the States.

In Singapore, we don' t have precedents of anyone suing a company or its board, if there is a belief that some directors have carried or have been carrying out an action irrationally or via fraudulent manners or misrepresentation that could result in drastic loss of share price or value.

Maybe some people could use an alternative way such as getting a court injunction to stop something from happening until all questions are properly sorted..

But our corporate laws might be different from what I understand, and our courts might not be sympathetic due to lack of experience in such matters that they might believe to be normal business decisions to be decided by the board of directors whose decision are based on resolutions passed.

CCBDavidChen ( Date: 13-Jun-2014 18:33) Posted:

Have written. Lets wait for their reply.

CCBDavidChen ( Date: 13-Jun-2014 17:29) Posted:

I am planning to write to SGX, SIAS and MAS. I dont know, just trying luck. We need to get someone to check whether there are any shady deals. And if Mr Wang Yu Huei can stand on our side, it will be better. Surely we have a way to force for re-negotiation.

During EGMs/AGMs I understand that if majority of the shareholders walks out, the EGM will be halted and they cannot even force for a vote, is it right? Maybe we can also ask the pressmen to be there promising them a show. Hahahaha.

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Spivvy, if coming Monday can reach to 96cent, so HK may up soon. If not, may continue drop to 80cent (support point).

Spivvy ( Date: 13-Jun-2014 18:50) Posted:

Edge magazine TA said by 16june must retain 0.96 else going to 80cts. Bye bye liao. Peterng u lucky sia.

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At the end of the day, David is doing all these for money. Just like everyone here. In the process, whether David does it ethically or spares a thought for retail investors/gamblers is secondary. Nobody put a gun to our heads and force us to Buy/Sell HK. Everyone came onboard with eyes opened.

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If sell to Hyflux, price surely sharply increase to $2.00 oh.....

Demostation ( Date: 13-Jun-2014 20:30) Posted:

Maybe offer for sale to Hyflux, lol.

pjnecy ( Date: 13-Jun-2014 20:21) Posted:

Let' s assume HK is cash strapped and desperately need CEI to survive. And assume again that in the EGM, shareholders manage to block the deal, what are HK' s available options to ensure its survival?

Get another party to takeover? Raise more funds?

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Maybe offer for sale to Hyflux, lol.

pjnecy ( Date: 13-Jun-2014 20:21) Posted:

Let' s assume HK is cash strapped and desperately need CEI to survive. And assume again that in the EGM, shareholders manage to block the deal, what are HK' s available options to ensure its survival?

Get another party to takeover? Raise more funds?

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Let' s assume HK is cash strapped and desperately need CEI to survive. And assume again that in the EGM, shareholders manage to block the deal, what are HK' s available options to ensure its survival?

Get another party to takeover? Raise more funds?

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SSH should increase their stake instead of disposing them. If a few SSH increased their holdings, then there is a chance that they will want the RTO to be renegotiated, or lapsed on long stop date (when? I am not sure)

Shares prices behave unpredictably, so what is in store, who can say for sure?

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unfortunately, we never know who are the good guys vs conmen. How many Schips play out investors here already.

seemingly good guy may also be in cohoot with the conman - IF this is part of their scam to mislead innocent public by getting a SSH to load up & create buying interest then dump.

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Edge magazine TA said by 16june must retain 0.96 else going to 80cts. Bye bye liao. Peterng u lucky sia.

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Thanks for you reply. If really hit 70.3cts, then I think we have Alan on our side to thwart the EGM.

Jackpot2010 ( Date: 13-Jun-2014 18:35) Posted:

ccbDC, Sympathise with u. 1.25 v 91 already lost 28%. those went in @ peak 1.49 worse - lost 39%.

walkout by minority at EGM is no use. As long as quorum is present (usually 2) meeting still carry on.

alleging fraud/illegality without proof is no use. MAS/CAD/SGX would not entertain complaints unless there is proof.

by right SIAS is the body to take the lead to orgainise minorities actions but they are like useless.

Special resolution is passed at EGM when minimum 75% of vote is cast by shareholders at that EGM. Since 65% of shares are in public hand there is a chance that min 75% may not be secured - provided most of minorities attend the EGM, otherwise the SSH holding 35% can pull thru easily (NB. 75% rule is based on vote cast at the EGM via show of hand or by Poll - normally is by Poll in favour of SSH).

Bottomline is this. Very hard to organise Minorities joint actions in S' pore (unlike some western countries where Minorities are actively engaged).

Thus think about cutting loss. UOBKH stated TP 74c. - means a further drop by 19% from Fri close. Due to heavy dilution bcos px issued to CEI @ 70.3c, price can keep on dropping from now. The bottom is 70.3c.

DYODD. Just my opinion, not vested.

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ccbDC, Sympathise with u. 1.25 v 91 already lost 28%. those went in @ peak 1.49 worse - lost 39%.

walkout by minority at EGM is no use. As long as quorum is present (usually 2) meeting still carry on.

alleging fraud/illegality without proof is no use. MAS/CAD/SGX would not entertain complaints unless there is proof.

by right SIAS is the body to take the lead to orgainise minorities actions but they are like useless.

Special resolution is passed at EGM when minimum 75% of vote is cast by shareholders at that EGM. Since 65% of shares are in public hand there is a chance that min 75% may not be secured - provided most of minorities attend the EGM, otherwise the SSH holding 35% can pull thru easily (NB. 75% rule is based on vote cast at the EGM via show of hand or by Poll - normally is by Poll in favour of SSH).

Bottomline is this. Very hard to organise Minorities joint actions in S' pore (unlike some western countries where Minorities are actively engaged).

Thus think about cutting loss. UOBKH stated TP 74c. - means a further drop by 19% from Fri close. Due to heavy dilution bcos px issued to CEI @ 70.3c, price can keep on dropping from now. The bottom is 70.3c.

DYODD. Just my opinion, not vested.