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FATABA Supreme	19-Mar-2017 11:37        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The failure of Erza was given .....however, will our banking be greatly affect.  More so a knee jerk reaction, as provision are well taken in last few qtrs of our local banks report ....further, look at the asset and lia balance of Erza as reported. ​ " The company said it had unsecured loans of $272 million, owed to DBS Bank Ltd (DBSM_pc.SI), $184 million owed to Oversea-Chinese Banking Corp Ltd (OCBC.SI) and $108 million to a Singapore affiliate of HSBC Plc (HSBA.L). The company said in a court filing in the U.S. Bankruptcy Court in New York that it had up to $1 billion in assets and up to $500 million in liabilities.
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destinykraze Elite	19-Mar-2017 11:36        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Didn' t work for punters this time round. Shares no value now.
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Luckystrike Veteran	19-Mar-2017 11:15        Luckystrike About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya, catch no ball as what resulted in this type of arrangement. How come USA court can take up of this arrangement? It could be filing bankruptcy protection in USA will be more beneficial than filing local bankruptcy potection. ahhuat08      ( Date: 19-Mar-2017 10:59) Posted: Strangely a sg coy filing cap 11 in usa. So is ezra under the jurisdiction of sg or usa. Now all those companies facing similar financial difficulties will seek e path of Ezra and maybe, sgx will not suspend ezra shares and let it continue to trade whilst it indergoes restructuring.
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ahhuat08 Elite	19-Mar-2017 10:59        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Strangely a sg coy filing cap 11 in usa. So is ezra under the jurisdiction of sg or usa. Now all those companies facing similar financial difficulties will seek e path of Ezra and maybe, sgx will not suspend ezra shares and let it continue to trade whilst it indergoes restructuring.
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mepkoh Elite	19-Mar-2017 10:25        mepkoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes lifted..n proceed to suspension??? back to the fuure...all dieded.. sheerluck      ( Date: 19-Mar-2017 10:23) Posted: So halt can be lifted liao?
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sheerluck Supreme	19-Mar-2017 10:23        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	So halt can be lifted liao?
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Macqueen Master	19-Mar-2017 10:21        Macqueen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some still buying , my respect to them 👍 granto      ( Date: 19-Mar-2017 09:43) Posted: Heard weeks ago Ezra was going down, wonder what took then so long and why they let the shares trade... granto      ( Date: 19-Mar-2017 08:42) Posted: Here is the full story... Ezra Holdings files for US bankruptcy protection http://splash247.com/ezra-holdings-files-us-bankruptcy-protection/
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earlybird14 Supreme	19-Mar-2017 10:02        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Let's hope Ezra will be next GM after 2010 2 years later not under Lionel Lee umbrella earlybird14      ( Date: 19-Mar-2017 09:54) Posted: Sad to say that with circumstances now and before filing bankruptcy Ezra share price is 1.1 cents, this imply existing shareholders and equity holders will get nothing even Ezra relist 1-2 years later if they manage to be out from chapter 11 when oil price boom. So gone case for Ezra existing shareholders may not be gone case of Ezra holding and her employees but huge retrenchment is expected in near term. earlybird14      ( Date: 19-Mar-2017 09:51) Posted: As a general rule, administrative expenses (the actual, necessary expenses of preserving the bankruptcy estate, including expenses such as employee wages, and the cost of litigating the chapter 11 case)are paid first.[14] Secured creditors?creditors who have a security interest, or collateral, in the debtor's property?will be paid before unsecured creditors. Unsecured creditors' claims are prioritized by § 507. For instance the claims of suppliers of products or employees of a company may be paid before other unsecured creditors are paid. Each priority level must be paid in full before the next lowest priority level may receive payment. Will the claims from charterers be paid first or unsecured creditors(Dbs Ocbc and hsbc) be paid first. Since charter fee are not product but consider as rental fee, so shall not consider as product. Eventually I think Ezra will be out from bankruptcy protection and relist again but management changed to the 3 banks or the banks sell to someone to relist Ezra. So now is running of time of next oil boom before Ezra assets depreciated
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earlybird14 Supreme	19-Mar-2017 09:54        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Sad to say that with circumstances now and before filing bankruptcy Ezra share price is 1.1 cents, this imply existing shareholders and equity holders will get nothing even Ezra relist 1-2 years later if they manage to be out from chapter 11 when oil price boom. So gone case for Ezra existing shareholders may not be gone case of Ezra holding and her employees but huge retrenchment is expected in near term. earlybird14      ( Date: 19-Mar-2017 09:51) Posted: As a general rule, administrative expenses (the actual, necessary expenses of preserving the bankruptcy estate, including expenses such as employee wages, and the cost of litigating the chapter 11 case)are paid first.[14] Secured creditors?creditors who have a security interest, or collateral, in the debtor's property?will be paid before unsecured creditors. Unsecured creditors' claims are prioritized by § 507. For instance the claims of suppliers of products or employees of a company may be paid before other unsecured creditors are paid. Each priority level must be paid in full before the next lowest priority level may receive payment. Will the claims from charterers be paid first or unsecured creditors(Dbs Ocbc and hsbc) be paid first. Since charter fee are not product but consider as rental fee, so shall not consider as product. Eventually I think Ezra will be out from bankruptcy protection and relist again but management changed to the 3 banks or the banks sell to someone to relist Ezra. So now is running of time of next oil boom before Ezra assets depreciated. granto      ( Date: 19-Mar-2017 08:42) Posted: Here is the full story... Ezra Holdings files for US bankruptcy protection http://splash247.com/ezra-holdings-files-us-bankruptcy-protection/
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earlybird14 Supreme	19-Mar-2017 09:51        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	As a general rule, administrative expenses (the actual, necessary expenses of preserving the bankruptcy estate, including expenses such as employee wages, and the cost of litigating the chapter 11 case)are paid first.[14] Secured creditors?creditors who have a security interest, or collateral, in the debtor's property?will be paid before unsecured creditors. Unsecured creditors' claims are prioritized by § 507. For instance the claims of suppliers of products or employees of a company may be paid before other unsecured creditors are paid. Each priority level must be paid in full before the next lowest priority level may receive payment. Will the claims from charterers be paid first or unsecured creditors(Dbs Ocbc and hsbc) be paid first. Since charter fee are not product but consider as rental fee, so shall not consider as product. Eventually I think Ezra will be out from bankruptcy protection and relist again but management changed to the 3 banks or the banks sell to someone to relist Ezra. So now is running of time of next oil boom before Ezra assets depreciated. granto      ( Date: 19-Mar-2017 08:42) Posted: Here is the full story... Ezra Holdings files for US bankruptcy protection http://splash247.com/ezra-holdings-files-us-bankruptcy-protection/
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kerier Veteran	19-Mar-2017 09:50        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will Emas Offshore be next... granto      ( Date: 19-Mar-2017 09:43) Posted: Heard weeks ago Ezra was going down, wonder what took then so long and why they let the shares trade... granto      ( Date: 19-Mar-2017 08:42) Posted: Here is the full story... Ezra Holdings files for US bankruptcy protection http://splash247.com/ezra-holdings-files-us-bankruptcy-protection/
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granto Master	19-Mar-2017 09:43        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Heard weeks ago Ezra was going down, wonder what took then so long and why they let the shares trade... granto      ( Date: 19-Mar-2017 08:42) Posted: Here is the full story... Ezra Holdings files for US bankruptcy protection http://splash247.com/ezra-holdings-files-us-bankruptcy-protection/
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unclesky Member	19-Mar-2017 09:34        unclesky About Contact  Quote this Post!
x 0   x 0  Alert Admin	oh   生 不 如 死 ， 但 生 死 不 能 自 主 Luckystrike      ( Date: 17-Mar-2017 23:16) Posted: 生 不 如 死 ， 但 生 死 不 能 自 主 。 alishan      ( Date: 17-Mar-2017 21:49) Posted: Ezra  想 死 也 不 能 死
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Macqueen Master	19-Mar-2017 09:01        Macqueen About Contact  Quote this Post!
x 0   x 0  Alert Admin	As mention Macqueen      ( Date: 15-Mar-2017 19:35) Posted: Chapter 11 destinykraze      ( Date: 15-Mar-2017 19:27) Posted: Linc energy pattern was damn epic. I played with it back then. after consolidation 1 day down 80%. the next day up 200%. Then the following day down by 80%.
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granto Master	19-Mar-2017 08:42        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Here is the full story... Ezra Holdings files for US bankruptcy protection http://splash247.com/ezra-holdings-files-us-bankruptcy-protection/
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earlybird14 Supreme	19-Mar-2017 08:35        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	https://en.m.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code Bye bye Lionel lee, ezra now is belong to creditors or debtors, no longer existing shareholders or equity holders. earlybird14      ( Date: 19-Mar-2017 08:27) Posted: https://gcaptain.com/bankrupt-singapores-ezra-holdings-files-chapter-11/ Gone Liao lah
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earlybird14 Supreme	19-Mar-2017 08:27        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	https://gcaptain.com/bankrupt-singapores-ezra-holdings-files-chapter-11/ Gone Liao lah
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ysh2006 Supreme	19-Mar-2017 08:21        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ezra want to die why cannot ?... alishan      ( Date: 17-Mar-2017 21:49) Posted: Ezra  想 死 也 不 能 死   joebloggs      ( Date: 17-Mar-2017 21:20) Posted: Surely must be on life support now, with plug to be pulled soon............
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sokdotcom Member	18-Mar-2017 11:15        sokdotcom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Subsea 7 considering ECS assets http://www.upstreamonline.com/live/1227715/subsea-7-runs-eyes-over-emas-chiyoda-assets
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Luckystrike Veteran	17-Mar-2017 23:16        Luckystrike About Contact  Quote this Post!
x 0   x 0  Alert Admin	生 不 如 死 ， 但 生 死 不 能 自 主 。 alishan      ( Date: 17-Mar-2017 21:49) Posted: Ezra  想 死 也 不 能 死   joebloggs      ( Date: 17-Mar-2017 21:20) Posted: Surely must be on life support now, with plug to be pulled soon............
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