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FALCON ENERGY - UNDERVALUED WINNER TOP STOCK PICK Post Reply Rate topic
TraderBen Supreme	23-May-2024 13:42        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	y nam cheong can re structure this one cannot???
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MrBear12 Supreme	09-Apr-2024 08:34        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	Goodbye indeed! Every dog has had its day. Make room for another player , O Falcon! You will not be missed by many. Trade falcons for eagles
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TraderBen Supreme	09-Apr-2024 04:13        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good bye to the last O&M darling of the early 2000s
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TraderBen Supreme	05-Apr-2024 07:35        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Whitewash waiver.. could there be a chance for it to turn around?
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TraderBen Supreme	23-May-2022 07:40        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually is the banks filing to wind up The company, but if the company is still running and why would they want to wind them up? Can just negotiate terms since now oil and gas running up. Fingers crossed for this company to survive after so many local gems have winded up. Investors lost a lot of Monies.
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peterwong321 Veteran	13-Apr-2022 23:29        peterwong321 About Contact  Quote this Post!
x 0   x 0  Alert Admin	File winding up not long ago u can go to sgx website to check
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pradeen Member	13-Apr-2022 22:05        pradeen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anybody knows when the Falcon energy Trading suspension will be lifted ? Can we expect good news soon ?
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TraderBen Supreme	02-Mar-2021 23:09        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Year after year. Still the same thing
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TraderBen Supreme	23-Feb-2020 22:21        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will it still survive?
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TraderBen Supreme	21-Nov-2019 22:00        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	They don?t have any other choice but to give creditors a big chunk of the company if they want to ever survive.. minor shareholder won?t have any say. Not too long ago. Someone invested 7m . So instantly becomes 700k if the restructuring goes thru. Jesmar      ( Date: 21-Nov-2019 17:28) Posted: Look like following the footstep of Noble.....shareholder consolidation 10 shares become one share rest 90% give to creditors!  Seeking approval from creditors. Correct if wrong.
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Jesmar Master	21-Nov-2019 17:28        Jesmar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look like following the footstep of Noble.....shareholder consolidation 10 shares become one share rest 90% give to creditors!  Seeking approval from creditors. Correct if wrong.
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TraderBen Supreme	25-Jul-2019 22:13        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Section 211B(1) sets out the various orders a Court may make, upon the company?s application, to restrain proceedings against the company because it is proposing or intends to propose a Scheme.6 In the insolvency context, a company proposes a Scheme when it is in financial difficulty and it may be in the interest of members and creditors to agree to a moratorium in respect of monies owed to them.7 In light of that, the introduction of s 211B(1) becomes clear: the aim is to keep the company alive by restraining proceedings against it so as that it may carry out the proposed Scheme. The Court may order the moratorium to be ?in force for such period as the Court thinks fit?.8 It can also, by s 211B(7), extend the moratorium period if the company applies for an extension before the moratorium expires. Presumably, the extension is also ?for such period as the Court thinks fit?. Of particular interest is s 211B(1)(c), which grants the Court the power to restrain the ?commencement or continuation of any proceedings ... against the company?. This provision is premised upon the company?s application and even enables the Court to hold ongoing proceedings against the company in abeyance. After the company has made an application under s 211B(1), because of s 211B(8) read with s 211B(9), there is an automatic moratorium period which starts on the date of application and ends either on the earlier of thirty days after the application or the date on which the application is decided by the Court. Naturally, the Court?s powers to order such moratoriums are not without limit. They are circumscribed by the requirements set out in s 211B(2). Even so, the Court?s powers are wider and greater with the introduction of s 211B as compared to previously, when the Court?s powers were pursuant only to s 210(10) of the Act and relatively weak.9 For instance, under that section, the Court did not appear to have the powers to restrain the repossession of personal property (as it does under s 211B(1)(e)) against or to restrain landlords seeking to exercise their right of re-entry to a leasehold property.10 If anything, the introduction of s 211B is at least a welcome clarification on the Court?s powers to order moratoriums with regard to other proceedings against the company.
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TraderBen Supreme	25-Jul-2019 22:08        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another one bites the dust. GG
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TraderBen Supreme	25-Jul-2019 22:06        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	FALCON ENERGY GROUP LIMITED (Company Registration No.: 200403817G) (Incorporated in the Republic of Singapore) APPLICATIONS FOR MORATORIUM PURSUANT TO SECTION S211B(1) OF THE COMPANIES ACT (CAP. 50) 1. INTRODUCTION The Board of Directors of Falcon Energy Group Limited (the ?Company?, and together with its subsidiaries, the ?Group?) wishes to announce that, on 25 July 2019, FEG and its subsidiary, Asetanian Marine Pte. Ltd. (?Asetanian?), have commenced a court-supervised process to reorganise their liabilities by filing applications in the High Court of the Republic of Singapore for a moratorium pursuant to Section 211B(1) of the Companies Act (Cap. 50) (the ?Act?) (the ?Applications?). The Company and Asetanian shall together be referred to as the ?Applicants? and each an ?Applicant?. 2. MORATORIUM APPLICATION The Company and Asetanian seek in their respective Applications, amongst others, the following orders (the ?Moratorium?) that for a period of six (6) months from the date of the Application, or until a further order: (a) no appointment shall be made of a receiver or manager over any property or undertaking of the Applicants (b) no proceedings (other than proceedings under sections 210, 211B, 211D, 211G, 211H or 212 of the Act) shall be commenced or continued against the Applicants, except with the leave of the Court and subject to such terms as the Court imposes (c) no execution, distress or other legal process against any property of the Applicants be commenced, continued or levied, except with the leave of the Court and subject to such terms as the Court imposes (d) no step to enforce any security over any property of the Applicants, or to repossess any goods held by the Applicants under any chattels leasing agreement, hire purchase agreement or retention of title agreement shall be taken or continued, except with the leave of the Court and subject to such terms as the Court imposes and (e) no enforcement of any right of re-entry or forfeiture under any lease in respect of any premises occupied by the Applicants (including enforcement pursuant to section 18 or 18A of the Conveyancing and Law of Property Act (Cap. 61)), except with the leave of the Court and subject to such terms as the Court may impose. Pursuant to Section 211B(8) of the Act, upon making the Applications, an automatic moratorium comes into effect for 30 days commencing from 25 July 2019 or until the date on which the Applications are decided by the Court, whichever is earlier. During the automatic moratorium period, amongst others, no order may be made, and no resolution may be passed, for the winding up of the Applicants. The Company and Asetanian have engaged Rajah & Tann Singapore LLP as legal advisors and KPMG Services Pte. Ltd. as their independent financial advisor in this process. As part of the reorganisation process, the Company and Asetanian will work closely with their advisors, creditors and stakeholders to achieve the best possible outcome for all interested parties. 3. CAUTION IN TRADING The Company will make further announcements as appropriate or when there are further developments. Shareholders and noteholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders and noteholders should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take. BY ORDER OF THE BOARD Tan Pong Tyea Chairman and Chief Executive Officer 25 July 2019
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TraderBen Supreme	16-Jul-2019 23:03        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	GG Liao how to run
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Berani Elite	16-Jul-2019 20:28        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	this stock missed the pennies RUN
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runaway Senior	03-Jul-2019 07:27        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	I came across two promising subject titles this week, and this is the third. 1. HLF is a proxy to Singapore economy. 2. Top undervalued stock Jadason - accumulate @ $0.09 3. Falcon Energy - undervalued winner top stock pick Be aware: When the subject title sounds too good to be true, as the truth may be the opposite and holders are desperate to sell. Likewise, when the subject title sounds disastrous, the truth may be opposite and there may be desperate buyers. Do not believe everything that is said in this forum. Do you own homework.
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TraderBen Supreme	02-Jul-2019 21:11        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	GG Liao.
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TraderBen Supreme	15-May-2019 09:04        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Restructuring not settled. But note holders want to convert to shares, the price is 5 cents
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Berani Elite	15-May-2019 08:25        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	still no news ... YYY kkboy1      ( Date: 01-Apr-2019 08:34) Posted: Any updates on resuming trading??
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