| Latest Forum Topics / Healthway Med |
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healthway, healthy?
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teeth53
Supreme |
14-Mar-2017 20:01
Yells: "don't learn through life, learn to grow with life " |
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I may also guess Lippo will ask SGX-ST for extention to their offer.
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happyharvest
Elite |
14-Mar-2017 19:59
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really need to be patient waiting for the ending
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Dimsumdolly
Member |
14-Mar-2017 19:59
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          For those who are following SGX announcement about Healthway, I am sure you all realised that HMC has been in financially trouble since last year.   The company has to resort to getting short term loan where the annual interest rate is as high as 65% !   Now with all the bad publicity in Strait times about Family Doctors not turning up for work,   as they are not being paid.   Things can only get worse.   Please bear in mind that HMC does not own any real asset,   and only asset is the Doctors under Healthway. How long do you think they will stay without pay.   My guess is probably 1 month or 2. Gateway has no intention to take over the company and they probably will continue continue to let the current management to run the company,   and I do not think HMC will turn around ever in the future.   Lippo on the other hand is totally different.   Everyone know Riady is cash rich and keen to step in to be the white knight to compete with other healthcare providers in Singapore.   The offer of 4.2 cents seems low, but when you think about it,   once the doctors leave,   then there is nothing left. For small time investor like myself,   is either accept the offer or let the company collapse.   So do you think it will go up.   Not in a million years.   Read it up in SGX announcement,   and you will understand how dire the situation is (dated on the 11/3)                         
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teeth53
Supreme |
14-Mar-2017 19:58
Yells: "don't learn through life, learn to grow with life " |
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Lippo already stated very clearly in their offering. They wanted to offer " Voluntary Conditional Cash Offer" and their due date close at 5:30pm onMarch 28, 2017.
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teeth53
Supreme |
14-Mar-2017 19:52
Yells: "don't learn through life, learn to grow with life " |
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Lippo is accumulating share progressively   upto 50% n u talking about " coy will go bankrupt" ?. U putting fear of your wild guess into share holders.
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Dimsumdolly
Member |
14-Mar-2017 19:20
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  My best Guess is the company will go bankrupt.  
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teeth53
Supreme |
14-Mar-2017 17:50
Yells: "don't learn through life, learn to grow with life " |
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After 90%. They can offer cash at 0.042c n/or issue to u, A cert to say u are share holder, even u are holding 100 share.
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teeth53
Supreme |
14-Mar-2017 17:48
Yells: "don't learn through life, learn to grow with life " |
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Lippo will have to buy up to 90% from any share holders (open mkt n from off mkt) at 0.042c to go private n/or delist.
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yu2000
Member |
14-Mar-2017 16:39
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What will happen to this counter if we don't sell the share to Lippo? Is there any possibility the counter be delisted or the compamy go bankrupt? | ||||
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teeth53
Supreme |
14-Mar-2017 14:11
Yells: "don't learn through life, learn to grow with life " |
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Let assuming after either one or the other side n/or any others BBs taking over will want to know much debt?.
How much is recoverable debt. How much to claw back from old board of director n how pump in, including closing unprofit outlet n restructung.
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teeth53
Supreme |
14-Mar-2017 14:06
Yells: "don't learn through life, learn to grow with life " |
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Any others healthy BBs (health players) is oso watching by the side. (Think so)
Who don want @0.042c. It cheap n good. |
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happyharvest
Elite |
14-Mar-2017 13:43
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Depends how the episode unfolds. The coy going bankrupt but there r 2 white knights fighting for control. If both not interested anymore, HMC may up lorry soon.
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redtree
Member |
14-Mar-2017 13:32
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Just a question, will we c this stock moves back to 5cents again..?any thoughts | ||||
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teeth53
Supreme |
14-Mar-2017 12:07
Yells: "don't learn through life, learn to grow with life " |
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GW answer to SGX. Who made a rare move to step in.
It been told HMC the issuance must be put to a shareholder vote in compliance with Catalist listing rules. HMC over the weekend update that it has re-entered discussions with GW to consider alternative proposals. Gateway told The Straits Times: "ANY NEW PROPOSAL WILL TAKE INTO ACCOUNT THE ISSUES RAISED BY SGX. Given the coy (HMC) very weak financial health of the coy, (GW ANSWER IS HERE - "no responsible lender would give money without tight controls on the coy and on how the money was used." If a shareholder meeting is held to vote on the Gateway deal, it is not certain (VERY UNCERTAIN) how the votes will swing...
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nngeeh
Veteran |
14-Mar-2017 11:04
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Did they lend out all the funds to other party A & B, and didn' t leave any behind to pay the doctors? These funds belong to the shareholders .... how can they just lend it out and then write it off?
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nngeeh
Veteran |
14-Mar-2017 11:00
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As per the report, it is stated that SGX made a rare move to step in and stop the issuance of notes which will need to go through  a shareholder vote. I wonder who lodge  the complaint that made SGX step in? I hope it is Lippo ... meaning they are dead serious in avoiding dilution of the shares  and gain control of HW, Why Lippo won' t table a motion to remove the directos just like IHC?  From the report: One day before the notes were set to be issued, SGX made a rare move to step in. It told HMC the issuance must be put to a shareholder vote in compliance with Catalist listing rules. |
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happyharvest
Elite |
14-Mar-2017 10:56
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How did Mr Fan become bankrupt? Really curious! He is just crap no matter how Mr Gerald marketed him in the past..
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happyharvest
Elite |
14-Mar-2017 10:48
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I am really curious. How did the mangement team run the company to the ground?! This has proven large compensation for mangement team does not mean they will help the company to be successful. Time for the system to change. |
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Octavia
Supreme |
14-Mar-2017 10:32
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No doctors reportedly turned up for work at seven of its family clinics on Monday because certain anchor doctors are on medical leave and no locum doctors could be found to relieve them. HMC has failed to pay salaries of its doctors and senior management amounting to $3.9m last month and has until the end of the month to make good on total obligations worth $10.7m. As at end 2016, its cash balance stood at $2.4m. |
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Daxtheman
Veteran |
14-Mar-2017 09:21
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Wonder why he have not sold yet? He probably trying to take the gateway loan for his own. Likely to have lost his milllions in IHC when they were manipulating the price then?
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