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Latest Forum Topics / Oceanus    Last:0.002    -0.001  Post Reply
Oceanus major business model restructure
mondaybluesy
Senior
23-Jul-2021 10:22     
 
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Thank you Revolvingdoors and bros for your thoughts.  I appreciate it as it gave me cause to ponder and reflect.

To be honest, I too struggle with the delicate balance between giving SGX &ldquo sufficient time and space for their review&rdquo as a reasonable person, and expressing my concerns as an investor.  One of SGX' s values is after all, to &ldquo listen to our stakeholders and anticipate their needs.&rdquo (https://www.sgx.com/about-us).  When would a sufficient amount of time be allowed before a stakeholder appropriately inquires about the process?  I honestly don&rsquo t know.

Nonetheless, I agree that there is little we can do but wait patiently.  Yes, it&rsquo s been 3 over months, more than an entire business quarter, and it is likely now that the H1 2021 results will be released prior to the results of the watchlist exit application.

While I anticipate the exit application results, I am perhaps more excited for Oceanus&rsquo s H1 2021 earnings result.  Because it would mean us long investors are on the right track, and our due diligence and faith in the management continues to pay off.

ringo88      ( Date: 23-Jul-2021 09:42) Posted:

And we are getting so close already.

Why rock the boat with emails like that since most here would have been holding for a while already.

Why not just hold on quietly and let the price move accordingly?

I remember one bro here said already hold for 4-5 months, what's waiting for a little while more?


revolvingdoors      ( Date: 23-Jul-2021 00:44) Posted:

Hi greg and other bros, just my five cents' worth as a fellow Oceanus investor. I think it' s perhaps a little unsettling for so many people to write in to SGX/Reg Co to be questioning them about their processes and alleging inefficiency on their part. I' m sure the Oceanus CEO and leadership team is corresponding with the SGX and the regulators regarding their application to exit the watchlist, and I don' t think us putting undue pressure helps the process. Especially not when the tone adopted is one that is perhaps slightly harsh and critical, and definitely not when incompetency is alleged by way of alleging inefficiency. This may be misconstrued as an attempt to interfere into the SGX review process I am sure we do not want that. 

We all hope for Oceanus to prosper because they can play an important role in supporting the food supply chain in Singapore and the wider region, but kicking up a ruckus regarding the SGX and the regulators may not exactly be helpful. If we believe in the company, as many of us do, what we can do is to productively discuss the company and its relevance to Singapore and how it can play a part in supporting and securing the food supply in Singapore.   
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SureStrike
Veteran
23-Jul-2021 10:15     
 
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 Alert Admin 		Yup! 🤫 🤫 🤫 🤫
More yakult please! Huat ah! 😂 🤔

ringo88      ( Date: 23-Jul-2021 09:42) Posted:

And we are getting so close already.

Why rock the boat with emails like that since most here would have been holding for a while already.

Why not just hold on quietly and let the price move accordingly?

I remember one bro here said already hold for 4-5 months, what's waiting for a little while more?


revolvingdoors      ( Date: 23-Jul-2021 00:44) Posted:

Hi greg and other bros, just my five cents' worth as a fellow Oceanus investor. I think it' s perhaps a little unsettling for so many people to write in to SGX/Reg Co to be questioning them about their processes and alleging inefficiency on their part. I' m sure the Oceanus CEO and leadership team is corresponding with the SGX and the regulators regarding their application to exit the watchlist, and I don' t think us putting undue pressure helps the process. Especially not when the tone adopted is one that is perhaps slightly harsh and critical, and definitely not when incompetency is alleged by way of alleging inefficiency. This may be misconstrued as an attempt to interfere into the SGX review process I am sure we do not want that. 

We all hope for Oceanus to prosper because they can play an important role in supporting the food supply chain in Singapore and the wider region, but kicking up a ruckus regarding the SGX and the regulators may not exactly be helpful. If we believe in the company, as many of us do, what we can do is to productively discuss the company and its relevance to Singapore and how it can play a part in supporting and securing the food supply in Singapore.   
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AlaFun
Member
23-Jul-2021 10:05     
 
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 Alert Admin 		People who write to criticize SGX are the same bunch of people shouting to 0.1/0.2c without any reasonable thinking.

Like them, I have the right to express my view that the company is not worth more than 0.02c. But unlike them, my judgement is based on reasonable rationale, including business model, financial project, story they tell and valuation multiples. You can refer to my previous writings.

Come on, don' t disturb SGX, let them do their job.

Mk8080      ( Date: 23-Jul-2021 09:46) Posted:

Ya, dun really know what' s your reason for the posting, to caution ppl, or to create fear? If u have a big heart and coming from wanting to caution ppl then furnish with fact loh, but your post of what is not SGX justification and numbers just plugged from sky then its more of wanting to create fear Ma, isn' t it?  

So come on Alafun, u can do better....   

Lightyear      ( Date: 23-Jul-2021 03:45) Posted:

Quoted Let's see how accurate you are
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lp2000
Elite
23-Jul-2021 09:51     
 
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 Alert Admin 		Oceanus is now in a waiting zone affecting the short/medium term holders. For those who trust the long term perspectives of this company it should not be a concern. Anyway, it looks like someone is trying to push up the price with repeated small buying orders at 36 since yesterday, but it' s still shy. More power/volume is need it to move it up
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Mk8080
Senior
23-Jul-2021 09:46     
 
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 Alert Admin 		Ya, dun really know what' s your reason for the posting, to caution ppl, or to create fear? If u have a big heart and coming from wanting to caution ppl then furnish with fact loh, but your post of what is not SGX justification and numbers just plugged from sky then its more of wanting to create fear Ma, isn' t it?  

So come on Alafun, u can do better....   

Lightyear      ( Date: 23-Jul-2021 03:45) Posted:

Quoted Let's see how accurate you are

AlaFun      ( Date: 22-Jul-2021 19:43) Posted:

From the announcement, the company has met the conditions of watchlist exit. However, SGX may take further investigation and even reject the application if one of the followings they think can not be justified.

1. The company makes a loss for 1H 2021
2. There is a fundamental change in business model
3. They think the subsidiary that contributes most profit should not be consolidated to the Group account (in this case Season Global) 
4. They find accounting flaw or any fraud which have negative impact on financials

All the above would indicate the insustainability of the company' s business.

Since it takes such long time, there may be something happened out there retail investors just do not know.

My take is watchlist exit will be granted, but 1H 2021 result is not exciting. We will see 0.02c below very soon.
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ringo88
Senior
23-Jul-2021 09:42     
 
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 Alert Admin 		And we are getting so close already.

Why rock the boat with emails like that since most here would have been holding for a while already.

Why not just hold on quietly and let the price move accordingly?

I remember one bro here said already hold for 4-5 months, what's waiting for a little while more?


revolvingdoors      ( Date: 23-Jul-2021 00:44) Posted:

Hi greg and other bros, just my five cents' worth as a fellow Oceanus investor. I think it' s perhaps a little unsettling for so many people to write in to SGX/Reg Co to be questioning them about their processes and alleging inefficiency on their part. I' m sure the Oceanus CEO and leadership team is corresponding with the SGX and the regulators regarding their application to exit the watchlist, and I don' t think us putting undue pressure helps the process. Especially not when the tone adopted is one that is perhaps slightly harsh and critical, and definitely not when incompetency is alleged by way of alleging inefficiency. This may be misconstrued as an attempt to interfere into the SGX review process I am sure we do not want that. 

We all hope for Oceanus to prosper because they can play an important role in supporting the food supply chain in Singapore and the wider region, but kicking up a ruckus regarding the SGX and the regulators may not exactly be helpful. If we believe in the company, as many of us do, what we can do is to productively discuss the company and its relevance to Singapore and how it can play a part in supporting and securing the food supply in Singapore.   

gregtan123      ( Date: 22-Jul-2021 18:48) Posted:

ALL PLEASE HELP, copy the emails and my email message then pressure SGX the jokers

Emails: [email protected] [email protected] [email protected] [email protected], [email protected] [email protected] [email protected]
 
Regulatory: Listed Company [Is SGX sleeping on the job?]
 
To the Relevant Authorities and Media,
 
Singapore along with SGX/MAS prides itself in being a 1st World Financial Hub with Efficiency and Fairness at the Bedrock of whatever we do. Yet, it has come to the attention of minority investors in companies listed on SGX that SGX is being very inefficient and handling matters in a rather opaque manner.
 
1. Oceanus Exit Watchlist Application
 
It is exactly 100 Days since Oceanus made the Watchlist Application on 13th April. Yet there has been ZERO sound from SGX whether Approval or Rejection. There&rsquo s also no Timeline or Explanation given. We are not sure what&rsquo s the hold up because the criteria is very clear and whether a Company meets it or not, is also very clear.
 
I quote a fellow minority investor: "   It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see:  http://rulebook.sgx.com/rulebook/1314...  & Practice Note 3.1:  http://rulebook.sgx.com/rulebook/practice-note-132-watch-list...).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.
 
What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.&rdquo
 
It is very clear: Does Oceanus meet the Exit Criteria? SGX has to decide, it has been 100 days. Are we supposed to wait another 10,000 Days because SGX is too inefficient?
 
Doesn&rsquo t MAS also regulate the Regulator (SGX)? Isn&rsquo t the Ministry of Finance looking  into the way SGX functions?
 
2.  Medtecs Mainboard Application
 
I  didn&rsquo t follow this but I am sure as well it&rsquo s  been more than 100 Days.
 
3. Quick  Approval of  &ldquo Shady&rdquo Companies ASPEN and FJ Benjamin
Yet, SGX has  chosen to Give Approval to  &ldquo shady&rdquo companies like Aspen Group (their upgrade to Mainboard was approved very quickly, using that news certain people pumped the share before releasing fake news to crash the shares). The same exit watchlist by FJ Benjamin  was approved  quickly.
 
May we as minority shareholders and retail  participants of the market know why the DOUBLE Standards? For credible Singapore-led company like Oceanus, there is a 100-Day Delay whilst  &ldquo shady&rdquo Malaysian companies like Aspen gets their approval quickly. Surely, there must be an objective standard or timeframe?
Failing which, would Minority Investors issuing a Letter of Demand to SGX push SGX along to make their decisions?
 
It is frustrating that SGX  wields ALL the power but is not transparent or efficient in their job.
 
I have included all the relevant ministries, parties that can help  Singapore  achieve it&rsquo s 1st World Financial Hub Status. SGX needs to start being more  transparent and efficient.
 
Greg
Shareholder of the above listed companies, market participant
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J_hao0620
Member
23-Jul-2021 09:23     
 
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 Alert Admin 		Agreed. I guess they are just waiting for the half annual report. No point keep asking sgx.

revolvingdoors      ( Date: 23-Jul-2021 00:44) Posted:

Hi greg and other bros, just my five cents' worth as a fellow Oceanus investor. I think it' s perhaps a little unsettling for so many people to write in to SGX/Reg Co to be questioning them about their processes and alleging inefficiency on their part. I' m sure the Oceanus CEO and leadership team is corresponding with the SGX and the regulators regarding their application to exit the watchlist, and I don' t think us putting undue pressure helps the process. Especially not when the tone adopted is one that is perhaps slightly harsh and critical, and definitely not when incompetency is alleged by way of alleging inefficiency. This may be misconstrued as an attempt to interfere into the SGX review process I am sure we do not want that. 

We all hope for Oceanus to prosper because they can play an important role in supporting the food supply chain in Singapore and the wider region, but kicking up a ruckus regarding the SGX and the regulators may not exactly be helpful. If we believe in the company, as many of us do, what we can do is to productively discuss the company and its relevance to Singapore and how it can play a part in supporting and securing the food supply in Singapore.   

gregtan123      ( Date: 22-Jul-2021 18:48) Posted:

ALL PLEASE HELP, copy the emails and my email message then pressure SGX the jokers

Emails: [email protected] [email protected] [email protected] [email protected], [email protected] [email protected] [email protected]
 
Regulatory: Listed Company [Is SGX sleeping on the job?]
 
To the Relevant Authorities and Media,
 
Singapore along with SGX/MAS prides itself in being a 1st World Financial Hub with Efficiency and Fairness at the Bedrock of whatever we do. Yet, it has come to the attention of minority investors in companies listed on SGX that SGX is being very inefficient and handling matters in a rather opaque manner.
 
1. Oceanus Exit Watchlist Application
 
It is exactly 100 Days since Oceanus made the Watchlist Application on 13th April. Yet there has been ZERO sound from SGX whether Approval or Rejection. There&rsquo s also no Timeline or Explanation given. We are not sure what&rsquo s the hold up because the criteria is very clear and whether a Company meets it or not, is also very clear.
 
I quote a fellow minority investor: "   It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see:  http://rulebook.sgx.com/rulebook/1314...  & Practice Note 3.1:  http://rulebook.sgx.com/rulebook/practice-note-132-watch-list...).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.
 
What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.&rdquo
 
It is very clear: Does Oceanus meet the Exit Criteria? SGX has to decide, it has been 100 days. Are we supposed to wait another 10,000 Days because SGX is too inefficient?
 
Doesn&rsquo t MAS also regulate the Regulator (SGX)? Isn&rsquo t the Ministry of Finance looking  into the way SGX functions?
 
2.  Medtecs Mainboard Application
 
I  didn&rsquo t follow this but I am sure as well it&rsquo s  been more than 100 Days.
 
3. Quick  Approval of  &ldquo Shady&rdquo Companies ASPEN and FJ Benjamin
Yet, SGX has  chosen to Give Approval to  &ldquo shady&rdquo companies like Aspen Group (their upgrade to Mainboard was approved very quickly, using that news certain people pumped the share before releasing fake news to crash the shares). The same exit watchlist by FJ Benjamin  was approved  quickly.
 
May we as minority shareholders and retail  participants of the market know why the DOUBLE Standards? For credible Singapore-led company like Oceanus, there is a 100-Day Delay whilst  &ldquo shady&rdquo Malaysian companies like Aspen gets their approval quickly. Surely, there must be an objective standard or timeframe?
Failing which, would Minority Investors issuing a Letter of Demand to SGX push SGX along to make their decisions?
 
It is frustrating that SGX  wields ALL the power but is not transparent or efficient in their job.
 
I have included all the relevant ministries, parties that can help  Singapore  achieve it&rsquo s 1st World Financial Hub Status. SGX needs to start being more  transparent and efficient.
 
Greg
Shareholder of the above listed companies, market participant
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ringo88
Senior
23-Jul-2021 09:22     
 
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 Alert Admin 		Agree totally with revolvingdoors..


revolvingdoors      ( Date: 23-Jul-2021 00:44) Posted:

Hi greg and other bros, just my five cents' worth as a fellow Oceanus investor. I think it' s perhaps a little unsettling for so many people to write in to SGX/Reg Co to be questioning them about their processes and alleging inefficiency on their part. I' m sure the Oceanus CEO and leadership team is corresponding with the SGX and the regulators regarding their application to exit the watchlist, and I don' t think us putting undue pressure helps the process. Especially not when the tone adopted is one that is perhaps slightly harsh and critical, and definitely not when incompetency is alleged by way of alleging inefficiency. This may be misconstrued as an attempt to interfere into the SGX review process I am sure we do not want that. 

We all hope for Oceanus to prosper because they can play an important role in supporting the food supply chain in Singapore and the wider region, but kicking up a ruckus regarding the SGX and the regulators may not exactly be helpful. If we believe in the company, as many of us do, what we can do is to productively discuss the company and its relevance to Singapore and how it can play a part in supporting and securing the food supply in Singapore.   

gregtan123      ( Date: 22-Jul-2021 18:48) Posted:

ALL PLEASE HELP, copy the emails and my email message then pressure SGX the jokers

Emails: [email protected] [email protected] [email protected] [email protected], [email protected] [email protected] [email protected]
 
Regulatory: Listed Company [Is SGX sleeping on the job?]
 
To the Relevant Authorities and Media,
 
Singapore along with SGX/MAS prides itself in being a 1st World Financial Hub with Efficiency and Fairness at the Bedrock of whatever we do. Yet, it has come to the attention of minority investors in companies listed on SGX that SGX is being very inefficient and handling matters in a rather opaque manner.
 
1. Oceanus Exit Watchlist Application
 
It is exactly 100 Days since Oceanus made the Watchlist Application on 13th April. Yet there has been ZERO sound from SGX whether Approval or Rejection. There&rsquo s also no Timeline or Explanation given. We are not sure what&rsquo s the hold up because the criteria is very clear and whether a Company meets it or not, is also very clear.
 
I quote a fellow minority investor: "   It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see:  http://rulebook.sgx.com/rulebook/1314...  & Practice Note 3.1:  http://rulebook.sgx.com/rulebook/practice-note-132-watch-list...).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.
 
What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.&rdquo
 
It is very clear: Does Oceanus meet the Exit Criteria? SGX has to decide, it has been 100 days. Are we supposed to wait another 10,000 Days because SGX is too inefficient?
 
Doesn&rsquo t MAS also regulate the Regulator (SGX)? Isn&rsquo t the Ministry of Finance looking  into the way SGX functions?
 
2.  Medtecs Mainboard Application
 
I  didn&rsquo t follow this but I am sure as well it&rsquo s  been more than 100 Days.
 
3. Quick  Approval of  &ldquo Shady&rdquo Companies ASPEN and FJ Benjamin
Yet, SGX has  chosen to Give Approval to  &ldquo shady&rdquo companies like Aspen Group (their upgrade to Mainboard was approved very quickly, using that news certain people pumped the share before releasing fake news to crash the shares). The same exit watchlist by FJ Benjamin  was approved  quickly.
 
May we as minority shareholders and retail  participants of the market know why the DOUBLE Standards? For credible Singapore-led company like Oceanus, there is a 100-Day Delay whilst  &ldquo shady&rdquo Malaysian companies like Aspen gets their approval quickly. Surely, there must be an objective standard or timeframe?
Failing which, would Minority Investors issuing a Letter of Demand to SGX push SGX along to make their decisions?
 
It is frustrating that SGX  wields ALL the power but is not transparent or efficient in their job.
 
I have included all the relevant ministries, parties that can help  Singapore  achieve it&rsquo s 1st World Financial Hub Status. SGX needs to start being more  transparent and efficient.
 
Greg
Shareholder of the above listed companies, market participant
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Lightyear
Veteran
23-Jul-2021 03:45     
 
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 Alert Admin 		Quoted Let's see how accurate you are

AlaFun      ( Date: 22-Jul-2021 19:43) Posted:

From the announcement, the company has met the conditions of watchlist exit. However, SGX may take further investigation and even reject the application if one of the followings they think can not be justified.

1. The company makes a loss for 1H 2021
2. There is a fundamental change in business model
3. They think the subsidiary that contributes most profit should not be consolidated to the Group account (in this case Season Global) 
4. They find accounting flaw or any fraud which have negative impact on financials

All the above would indicate the insustainability of the company' s business.

Since it takes such long time, there may be something happened out there retail investors just do not know.

My take is watchlist exit will be granted, but 1H 2021 result is not exciting. We will see 0.02c below very soon.
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revolvingdoors
Member
23-Jul-2021 00:44     
 
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 Alert Admin 		Hi greg and other bros, just my five cents' worth as a fellow Oceanus investor. I think it' s perhaps a little unsettling for so many people to write in to SGX/Reg Co to be questioning them about their processes and alleging inefficiency on their part. I' m sure the Oceanus CEO and leadership team is corresponding with the SGX and the regulators regarding their application to exit the watchlist, and I don' t think us putting undue pressure helps the process. Especially not when the tone adopted is one that is perhaps slightly harsh and critical, and definitely not when incompetency is alleged by way of alleging inefficiency. This may be misconstrued as an attempt to interfere into the SGX review process I am sure we do not want that. 

We all hope for Oceanus to prosper because they can play an important role in supporting the food supply chain in Singapore and the wider region, but kicking up a ruckus regarding the SGX and the regulators may not exactly be helpful. If we believe in the company, as many of us do, what we can do is to productively discuss the company and its relevance to Singapore and how it can play a part in supporting and securing the food supply in Singapore.   

gregtan123      ( Date: 22-Jul-2021 18:48) Posted:

ALL PLEASE HELP, copy the emails and my email message then pressure SGX the jokers

Emails: [email protected] [email protected] [email protected] [email protected], [email protected] [email protected] [email protected]
 
Regulatory: Listed Company [Is SGX sleeping on the job?]
 
To the Relevant Authorities and Media,
 
Singapore along with SGX/MAS prides itself in being a 1st World Financial Hub with Efficiency and Fairness at the Bedrock of whatever we do. Yet, it has come to the attention of minority investors in companies listed on SGX that SGX is being very inefficient and handling matters in a rather opaque manner.
 
1. Oceanus Exit Watchlist Application
 
It is exactly 100 Days since Oceanus made the Watchlist Application on 13th April. Yet there has been ZERO sound from SGX whether Approval or Rejection. There&rsquo s also no Timeline or Explanation given. We are not sure what&rsquo s the hold up because the criteria is very clear and whether a Company meets it or not, is also very clear.
 
I quote a fellow minority investor: "   It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see:  http://rulebook.sgx.com/rulebook/1314...  & Practice Note 3.1:  http://rulebook.sgx.com/rulebook/practice-note-132-watch-list...).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.
 
What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.&rdquo
 
It is very clear: Does Oceanus meet the Exit Criteria? SGX has to decide, it has been 100 days. Are we supposed to wait another 10,000 Days because SGX is too inefficient?
 
Doesn&rsquo t MAS also regulate the Regulator (SGX)? Isn&rsquo t the Ministry of Finance looking  into the way SGX functions?
 
2.  Medtecs Mainboard Application
 
I  didn&rsquo t follow this but I am sure as well it&rsquo s  been more than 100 Days.
 
3. Quick  Approval of  &ldquo Shady&rdquo Companies ASPEN and FJ Benjamin
Yet, SGX has  chosen to Give Approval to  &ldquo shady&rdquo companies like Aspen Group (their upgrade to Mainboard was approved very quickly, using that news certain people pumped the share before releasing fake news to crash the shares). The same exit watchlist by FJ Benjamin  was approved  quickly.
 
May we as minority shareholders and retail  participants of the market know why the DOUBLE Standards? For credible Singapore-led company like Oceanus, there is a 100-Day Delay whilst  &ldquo shady&rdquo Malaysian companies like Aspen gets their approval quickly. Surely, there must be an objective standard or timeframe?
Failing which, would Minority Investors issuing a Letter of Demand to SGX push SGX along to make their decisions?
 
It is frustrating that SGX  wields ALL the power but is not transparent or efficient in their job.
 
I have included all the relevant ministries, parties that can help  Singapore  achieve it&rsquo s 1st World Financial Hub Status. SGX needs to start being more  transparent and efficient.
 
Greg
Shareholder of the above listed companies, market participant


mondaybluesy      ( Date: 22-Jul-2021 18:06) Posted:

Yes, my exact sentiments.  It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see: http://rulebook.sgx.com/rulebook/1314 & Practice Note 3.1: http://rulebook.sgx.com/rulebook/practice-note-132-watch-list).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.

What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.

I would encourage all concerned shareholders of Oceanus to write in to SGX to raise your queries, as Greg suggested previously.  The tardiness of SGX does little to boost investor confidence in our local financial market
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StevenKan
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22-Jul-2021 23:22     
 
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 Alert Admin 		Wah... I support u Gregtan123 bro...

gregtan123      ( Date: 22-Jul-2021 18:48) Posted:

ALL PLEASE HELP, copy the emails and my email message then pressure SGX the jokers

Emails: [email protected] [email protected] [email protected] [email protected], [email protected] [email protected] [email protected]
 
Regulatory: Listed Company [Is SGX sleeping on the job?]
 
To the Relevant Authorities and Media,
 
Singapore along with SGX/MAS prides itself in being a 1st World Financial Hub with Efficiency and Fairness at the Bedrock of whatever we do. Yet, it has come to the attention of minority investors in companies listed on SGX that SGX is being very inefficient and handling matters in a rather opaque manner.
 
1. Oceanus Exit Watchlist Application
 
It is exactly 100 Days since Oceanus made the Watchlist Application on 13th April. Yet there has been ZERO sound from SGX whether Approval or Rejection. There&rsquo s also no Timeline or Explanation given. We are not sure what&rsquo s the hold up because the criteria is very clear and whether a Company meets it or not, is also very clear.
 
I quote a fellow minority investor: "   It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see:  http://rulebook.sgx.com/rulebook/1314...  & Practice Note 3.1:  http://rulebook.sgx.com/rulebook/practice-note-132-watch-list...).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.
 
What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.&rdquo
 
It is very clear: Does Oceanus meet the Exit Criteria? SGX has to decide, it has been 100 days. Are we supposed to wait another 10,000 Days because SGX is too inefficient?
 
Doesn&rsquo t MAS also regulate the Regulator (SGX)? Isn&rsquo t the Ministry of Finance looking  into the way SGX functions?
 
2.  Medtecs Mainboard Application
 
I  didn&rsquo t follow this but I am sure as well it&rsquo s  been more than 100 Days.
 
3. Quick  Approval of  &ldquo Shady&rdquo Companies ASPEN and FJ Benjamin
Yet, SGX has  chosen to Give Approval to  &ldquo shady&rdquo companies like Aspen Group (their upgrade to Mainboard was approved very quickly, using that news certain people pumped the share before releasing fake news to crash the shares). The same exit watchlist by FJ Benjamin  was approved  quickly.
 
May we as minority shareholders and retail  participants of the market know why the DOUBLE Standards? For credible Singapore-led company like Oceanus, there is a 100-Day Delay whilst  &ldquo shady&rdquo Malaysian companies like Aspen gets their approval quickly. Surely, there must be an objective standard or timeframe?
Failing which, would Minority Investors issuing a Letter of Demand to SGX push SGX along to make their decisions?
 
It is frustrating that SGX  wields ALL the power but is not transparent or efficient in their job.
 
I have included all the relevant ministries, parties that can help  Singapore  achieve it&rsquo s 1st World Financial Hub Status. SGX needs to start being more  transparent and efficient.
 
Greg
Shareholder of the above listed companies, market participant


mondaybluesy      ( Date: 22-Jul-2021 18:06) Posted:

Yes, my exact sentiments.  It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see: http://rulebook.sgx.com/rulebook/1314 & Practice Note 3.1: http://rulebook.sgx.com/rulebook/practice-note-132-watch-list).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.

What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.

I would encourage all concerned shareholders of Oceanus to write in to SGX to raise your queries, as Greg suggested previously.  The tardiness of SGX does little to boost investor confidence in our local financial market
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mrwise
Supreme
22-Jul-2021 20:15     
 
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 Alert Admin 		Yes. Oceanus shall shine......those who give up shall regret later....

We shall see the final results !!  Ownself decides...

gregtan123      ( Date: 22-Jul-2021 20:10) Posted:

Thanks bro, we will huat together.

mrwise      ( Date: 22-Jul-2021 20:09) Posted:

I supported and have emailed.
 
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gregtan123
Supreme
22-Jul-2021 20:10     
 
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 Alert Admin 		Thanks bro, we will huat together.

mrwise      ( Date: 22-Jul-2021 20:09) Posted:

I supported and have emailed.
 

gregtan123      ( Date: 22-Jul-2021 18:48) Posted:

ALL PLEASE HELP, copy the emails and my email message then pressure SGX the jokers

Emails: [email protected] [email protected] [email protected] [email protected], [email protected] [email protected] [email protected]
 
Regulatory: Listed Company [Is SGX sleeping on the job?]
 
To the Relevant Authorities and Media,
 
Singapore along with SGX/MAS prides itself in being a 1st World Financial Hub with Efficiency and Fairness at the Bedrock of whatever we do. Yet, it has come to the attention of minority investors in companies listed on SGX that SGX is being very inefficient and handling matters in a rather opaque manner.
 
1. Oceanus Exit Watchlist Application
 
It is exactly 100 Days since Oceanus made the Watchlist Application on 13th April. Yet there has been ZERO sound from SGX whether Approval or Rejection. There&rsquo s also no Timeline or Explanation given. We are not sure what&rsquo s the hold up because the criteria is very clear and whether a Company meets it or not, is also very clear.
 
I quote a fellow minority investor: "   It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see:  http://rulebook.sgx.com/rulebook/1314...  & Practice Note 3.1:  http://rulebook.sgx.com/rulebook/practice-note-132-watch-list...).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.
 
What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.&rdquo
 
It is very clear: Does Oceanus meet the Exit Criteria? SGX has to decide, it has been 100 days. Are we supposed to wait another 10,000 Days because SGX is too inefficient?
 
Doesn&rsquo t MAS also regulate the Regulator (SGX)? Isn&rsquo t the Ministry of Finance looking  into the way SGX functions?
 
2.  Medtecs Mainboard Application
 
I  didn&rsquo t follow this but I am sure as well it&rsquo s  been more than 100 Days.
 
3. Quick  Approval of  &ldquo Shady&rdquo Companies ASPEN and FJ Benjamin
Yet, SGX has  chosen to Give Approval to  &ldquo shady&rdquo companies like Aspen Group (their upgrade to Mainboard was approved very quickly, using that news certain people pumped the share before releasing fake news to crash the shares). The same exit watchlist by FJ Benjamin  was approved  quickly.
 
May we as minority shareholders and retail  participants of the market know why the DOUBLE Standards? For credible Singapore-led company like Oceanus, there is a 100-Day Delay whilst  &ldquo shady&rdquo Malaysian companies like Aspen gets their approval quickly. Surely, there must be an objective standard or timeframe?
Failing which, would Minority Investors issuing a Letter of Demand to SGX push SGX along to make their decisions?
 
It is frustrating that SGX  wields ALL the power but is not transparent or efficient in their job.
 
I have included all the relevant ministries, parties that can help  Singapore  achieve it&rsquo s 1st World Financial Hub Status. SGX needs to start being more  transparent and efficient.
 
Greg
Shareholder of the above listed companies, market participant
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mrwise
Supreme
22-Jul-2021 20:09     
 
mrwise About Contact  Quote this Post! Style: Combined   Mood: happy
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  x 0

 Alert Admin 		I supported and have emailed.
 

gregtan123      ( Date: 22-Jul-2021 18:48) Posted:

ALL PLEASE HELP, copy the emails and my email message then pressure SGX the jokers

Emails: [email protected] [email protected] [email protected] [email protected], [email protected] [email protected] [email protected]
 
Regulatory: Listed Company [Is SGX sleeping on the job?]
 
To the Relevant Authorities and Media,
 
Singapore along with SGX/MAS prides itself in being a 1st World Financial Hub with Efficiency and Fairness at the Bedrock of whatever we do. Yet, it has come to the attention of minority investors in companies listed on SGX that SGX is being very inefficient and handling matters in a rather opaque manner.
 
1. Oceanus Exit Watchlist Application
 
It is exactly 100 Days since Oceanus made the Watchlist Application on 13th April. Yet there has been ZERO sound from SGX whether Approval or Rejection. There&rsquo s also no Timeline or Explanation given. We are not sure what&rsquo s the hold up because the criteria is very clear and whether a Company meets it or not, is also very clear.
 
I quote a fellow minority investor: "   It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see:  http://rulebook.sgx.com/rulebook/1314...  & Practice Note 3.1:  http://rulebook.sgx.com/rulebook/practice-note-132-watch-list...).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.
 
What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.&rdquo
 
It is very clear: Does Oceanus meet the Exit Criteria? SGX has to decide, it has been 100 days. Are we supposed to wait another 10,000 Days because SGX is too inefficient?
 
Doesn&rsquo t MAS also regulate the Regulator (SGX)? Isn&rsquo t the Ministry of Finance looking  into the way SGX functions?
 
2.  Medtecs Mainboard Application
 
I  didn&rsquo t follow this but I am sure as well it&rsquo s  been more than 100 Days.
 
3. Quick  Approval of  &ldquo Shady&rdquo Companies ASPEN and FJ Benjamin
Yet, SGX has  chosen to Give Approval to  &ldquo shady&rdquo companies like Aspen Group (their upgrade to Mainboard was approved very quickly, using that news certain people pumped the share before releasing fake news to crash the shares). The same exit watchlist by FJ Benjamin  was approved  quickly.
 
May we as minority shareholders and retail  participants of the market know why the DOUBLE Standards? For credible Singapore-led company like Oceanus, there is a 100-Day Delay whilst  &ldquo shady&rdquo Malaysian companies like Aspen gets their approval quickly. Surely, there must be an objective standard or timeframe?
Failing which, would Minority Investors issuing a Letter of Demand to SGX push SGX along to make their decisions?
 
It is frustrating that SGX  wields ALL the power but is not transparent or efficient in their job.
 
I have included all the relevant ministries, parties that can help  Singapore  achieve it&rsquo s 1st World Financial Hub Status. SGX needs to start being more  transparent and efficient.
 
Greg
Shareholder of the above listed companies, market participant


mondaybluesy      ( Date: 22-Jul-2021 18:06) Posted:

Yes, my exact sentiments.  It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see: http://rulebook.sgx.com/rulebook/1314 & Practice Note 3.1: http://rulebook.sgx.com/rulebook/practice-note-132-watch-list).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.

What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.

I would encourage all concerned shareholders of Oceanus to write in to SGX to raise your queries, as Greg suggested previously.  The tardiness of SGX does little to boost investor confidence in our local financial market
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Mk8080
Senior
22-Jul-2021 20:02     
 
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 Alert Admin 		Okok tmr i sell all make a lots first and wait for 20 to come k, thk u for the consistent advice and reminder, btw where do u get the information of 1H 2021 loss? And how the derivative   of below 0.02c? Interesting to find out, so i can better prepared Ma, pls share 
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AlaFun
Member
22-Jul-2021 19:43     
 
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 Alert Admin 		From the announcement, the company has met the conditions of watchlist exit. However, SGX may take further investigation and even reject the application if one of the followings they think can not be justified.

1. The company makes a loss for 1H 2021
2. There is a fundamental change in business model
3. They think the subsidiary that contributes most profit should not be consolidated to the Group account (in this case Season Global) 
4. They find accounting flaw or any fraud which have negative impact on financials

All the above would indicate the insustainability of the company' s business.

Since it takes such long time, there may be something happened out there retail investors just do not know.

My take is watchlist exit will be granted, but 1H 2021 result is not exciting. We will see 0.02c below very soon.
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uiop1223
Supreme
22-Jul-2021 18:56     
 
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 Alert Admin 		SGX at 52 week high today 😁
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gregtan123
Supreme
22-Jul-2021 18:48     
 
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 Alert Admin
ALL PLEASE HELP, copy the emails and my email message then pressure SGX the jokers

Emails: [email protected] [email protected] [email protected] [email protected], [email protected] [email protected] [email protected]
 
Regulatory: Listed Company [Is SGX sleeping on the job?]
 
To the Relevant Authorities and Media,
 
Singapore along with SGX/MAS prides itself in being a 1st World Financial Hub with Efficiency and Fairness at the Bedrock of whatever we do. Yet, it has come to the attention of minority investors in companies listed on SGX that SGX is being very inefficient and handling matters in a rather opaque manner.
 
1. Oceanus Exit Watchlist Application
 
It is exactly 100 Days since Oceanus made the Watchlist Application on 13th April. Yet there has been ZERO sound from SGX whether Approval or Rejection. There&rsquo s also no Timeline or Explanation given. We are not sure what&rsquo s the hold up because the criteria is very clear and whether a Company meets it or not, is also very clear.
 
I quote a fellow minority investor: "   It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see:  http://rulebook.sgx.com/rulebook/1314...  & Practice Note 3.1:  http://rulebook.sgx.com/rulebook/practice-note-132-watch-list...).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.
 
What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.&rdquo
 
It is very clear: Does Oceanus meet the Exit Criteria? SGX has to decide, it has been 100 days. Are we supposed to wait another 10,000 Days because SGX is too inefficient?
 
Doesn&rsquo t MAS also regulate the Regulator (SGX)? Isn&rsquo t the Ministry of Finance looking  into the way SGX functions?
 
2.  Medtecs Mainboard Application
 
I  didn&rsquo t follow this but I am sure as well it&rsquo s  been more than 100 Days.
 
3. Quick  Approval of  &ldquo Shady&rdquo Companies ASPEN and FJ Benjamin
Yet, SGX has  chosen to Give Approval to  &ldquo shady&rdquo companies like Aspen Group (their upgrade to Mainboard was approved very quickly, using that news certain people pumped the share before releasing fake news to crash the shares). The same exit watchlist by FJ Benjamin  was approved  quickly.
 
May we as minority shareholders and retail  participants of the market know why the DOUBLE Standards? For credible Singapore-led company like Oceanus, there is a 100-Day Delay whilst  &ldquo shady&rdquo Malaysian companies like Aspen gets their approval quickly. Surely, there must be an objective standard or timeframe?
Failing which, would Minority Investors issuing a Letter of Demand to SGX push SGX along to make their decisions?
 
It is frustrating that SGX  wields ALL the power but is not transparent or efficient in their job.
 
I have included all the relevant ministries, parties that can help  Singapore  achieve it&rsquo s 1st World Financial Hub Status. SGX needs to start being more  transparent and efficient.
 
Greg
Shareholder of the above listed companies, market participant


mondaybluesy      ( Date: 22-Jul-2021 18:06) Posted:

Yes, my exact sentiments.  It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see: http://rulebook.sgx.com/rulebook/1314 & Practice Note 3.1: http://rulebook.sgx.com/rulebook/practice-note-132-watch-list).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.

What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.

I would encourage all concerned shareholders of Oceanus to write in to SGX to raise your queries, as Greg suggested previously.  The tardiness of SGX does little to boost investor confidence in our local financial market.

gregtan123      ( Date: 22-Jul-2021 17:35) Posted:

[SGX and MAS]

I am sure  $Oceanus^(579.SI)  and  $Medtecs Intl(546.SI)  shareholders are wondering why SGX takes so long to approve Oceanus Exit Watchlist and Medtecs Mainboard Upgrade. Yet for scams like  $Aspen(1F3.SI)  they approve Upgrade to Mainboard so fast, or  $FJ Benjamin^(F10.SI)  exit watchlist via downgrade to Catalist.

Is there something wrong with SGX and MAS? Also, seems like we got no recourse? Are these regulators sleeping?
 Useful To Me  Not Useful To Me
mondaybluesy
Senior
22-Jul-2021 18:06     
 
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 Alert Admin 		Yes, my exact sentiments.  It is very disappointing to have SGX take such a long time to review the watchlist application, when the criteria they have set is clear on their website.  As far as Oceanus and its auditors can confirm, they have met those said criteria (see: http://rulebook.sgx.com/rulebook/1314 & Practice Note 3.1: http://rulebook.sgx.com/rulebook/practice-note-132-watch-list).  Also, there are currently no other exit application submitted for review, so there is no excuse for an administration overload.

What this points to is inability by SGX to make important decisions.  It is likely SGX is cautious to make the announcement, taking a " wait and see" approach till after Oceanus' s H1 2021 results.  But let' s be clear.  While I expect a great H1 2021 earnings, those results are  not  part of the exit criteria that SGX has set.  Read the above sources again.

I would encourage all concerned shareholders of Oceanus to write in to SGX to raise your queries, as Greg suggested previously.  The tardiness of SGX does little to boost investor confidence in our local financial market.

gregtan123      ( Date: 22-Jul-2021 17:35) Posted:

[SGX and MAS]

I am sure  $Oceanus^(579.SI)  and  $Medtecs Intl(546.SI)  shareholders are wondering why SGX takes so long to approve Oceanus Exit Watchlist and Medtecs Mainboard Upgrade. Yet for scams like  $Aspen(1F3.SI)  they approve Upgrade to Mainboard so fast, or  $FJ Benjamin^(F10.SI)  exit watchlist via downgrade to Catalist.

Is there something wrong with SGX and MAS? Also, seems like we got no recourse? Are these regulators sleeping?
 Useful To Me  Not Useful To Me
gregtan123
Supreme
22-Jul-2021 17:35     
 
gregtan123 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		[SGX and MAS]

I am sure  $Oceanus^(579.SI)  and  $Medtecs Intl(546.SI)  shareholders are wondering why SGX takes so long to approve Oceanus Exit Watchlist and Medtecs Mainboard Upgrade. Yet for scams like  $Aspen(1F3.SI)  they approve Upgrade to Mainboard so fast, or  $FJ Benjamin^(F10.SI)  exit watchlist via downgrade to Catalist.

Is there something wrong with SGX and MAS? Also, seems like we got no recourse? Are these regulators sleeping?
 Useful To Me  Not Useful To Me
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