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pnuklis Master	12-Oct-2016 09:33        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rsponsible ex must talk to Swissco and get clarity for share holders! is it asking too much. 901 is trying to shield Swissco and looks to belong to majority holder or vested!!!
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Stocky901 Supreme	12-Oct-2016 09:32        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Read the sgx's news. This is like telling bond holders that you don't help me, we all die together. not really sgx's faults. Stocky901      ( Date: 12-Oct-2016 09:19) Posted: Why u so kang chiong? Did they owe u monies haa? pnuklis      ( Date: 12-Oct-2016 09:07) Posted: What next for Swissco. How long will it be suspended for trading? There is no clarity from SGX??? What kind of stock exchange is this????
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sengsk Elite	12-Oct-2016 09:24        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Whenever resume , its always good to run and not to buy.   sengsk      ( Date: 12-Oct-2016 09:20) Posted: Don' t get fool by this stock. Their backing DBS might trying ways to get themself less losses. Don' t buy , dun get fooled, You Buy You Die.
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sengsk Elite	12-Oct-2016 09:20        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t get fool by this stock. Their backing DBS might trying ways to get themself less losses. Don' t buy , dun get fooled, You Buy You Die.
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Stocky901 Supreme	12-Oct-2016 09:19        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why u so kang chiong? Did they owe u monies haa? pnuklis      ( Date: 12-Oct-2016 09:07) Posted: What next for Swissco. How long will it be suspended for trading? There is no clarity from SGX??? What kind of stock exchange is this????
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dragonboy76 Master	12-Oct-2016 09:17        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This company can be seen as irresponsible in handling the repayment issue. Call for bond meeting without any solution in place. Only tell the bondholders they cant repat. Thats all. You should not ask what sgx is doing. U should ask what SwissCo is doing. Suspension is not initiated by sgx
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pnuklis Master	12-Oct-2016 09:07        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	What next for Swissco. How long will it be suspended for trading? There is no clarity from SGX??? What kind of stock exchange is this????
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MarcLim Veteran	11-Oct-2016 17:53        MarcLim About Contact  Quote this Post!
x 1   x 0  Alert Admin	😱 😱 😱   CEO didn' t announce he found a buyer for the rig? Or an investor?or 😅 😅 😅         pnuklis      ( Date: 11-Oct-2016 17:07) Posted: Another Singapore-listed offshore firm &ndash Swissco &ndash has run into trouble with its bondholders as it seeks to restructure. Swissco held an informal meeting of bondholders on Monday saying that it would not be able to make a SGD2.85m ($2.06m) coupon payment due on Friday, but also failed to present concrete restructuring plans, according to the Straits Times. The SGD100m notes mature in 2018 and the company said most of the money was used to pay down debt on vessels. Bondholders were reportedly presented with a grim scenario of a company that has $147.5m in debt maturing between now and 2020, has just $1.2m in cash, and a monthly cash burn of $1.5m. Of its fleet of seven drilling rigs four were idle, while three rigs it owns 50 -50 with Ezion were onhire but the charterer was failing to make payments. The company was unable to present a concrete plan for restructuring and management blamed the &ldquo Swiber effect&rdquo . Following Swiber&rsquo s shock move to place itself into liquidation, which later turned into judicial management, Swissco&rsquo s management said a deal to sell certain vessels fell through as the buyer was unable to get financing and fund ijection from a strategic investor also failed. It remains unclear as to what the next step will be and Swissco&rsquo s stock, which was suspended prior to the meeting on Monday, remains suspended today.
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granto Master	11-Oct-2016 17:51        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Swissco staring down the barrel, unable to make coupon payment
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pnuklis Master	11-Oct-2016 17:07        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another Singapore-listed offshore firm &ndash Swissco &ndash has run into trouble with its bondholders as it seeks to restructure. Swissco held an informal meeting of bondholders on Monday saying that it would not be able to make a SGD2.85m ($2.06m) coupon payment due on Friday, but also failed to present concrete restructuring plans, according to the Straits Times. The SGD100m notes mature in 2018 and the company said most of the money was used to pay down debt on vessels. Bondholders were reportedly presented with a grim scenario of a company that has $147.5m in debt maturing between now and 2020, has just $1.2m in cash, and a monthly cash burn of $1.5m. Of its fleet of seven drilling rigs four were idle, while three rigs it owns 50 -50 with Ezion were onhire but the charterer was failing to make payments. The company was unable to present a concrete plan for restructuring and management blamed the &ldquo Swiber effect&rdquo . Following Swiber&rsquo s shock move to place itself into liquidation, which later turned into judicial management, Swissco&rsquo s management said a deal to sell certain vessels fell through as the buyer was unable to get financing and fund ijection from a strategic investor also failed. It remains unclear as to what the next step will be and Swissco&rsquo s stock, which was suspended prior to the meeting on Monday, remains suspended today.
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moron101 Supreme	11-Oct-2016 14:13        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They have up to thu 08:29 am to lift halt.
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kenkenken Senior	11-Oct-2016 09:07        kenkenken About Contact  Quote this Post!
x 0   x 0  Alert Admin	You use CFD short or naked short? Macqueen      ( Date: 11-Oct-2016 08:48) Posted: How to cash in when is halt, please enlighten me, as I short this counter now finger cross thank pnuklis      ( Date: 11-Oct-2016 08:42) Posted: The end is in sight for Swissco. No money in the company to pay 3 million in coupon payment and bank balance of 1.2 million when they need 1.5million to run their company. CEO Tan has gone in hiding with a pretext of business trip and do not want to face bond holders. Cannot sell the assets and no cash being generated and a perfect receipe to follow on the Swiber foot steps. Cash in folks before you loose it all.
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pnuklis Master	11-Oct-2016 09:04        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO must get his priorities right. What is more important facing the bond holders or which crazy investor is prepared to lend you money in this situation that it is so important that you prioritise that over meeting the bond holders.
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Macqueen Master	11-Oct-2016 08:52        Macqueen About Contact  Quote this Post!
x 0   x 0  Alert Admin	btw how u know the CEO went hiding if got wind please share now worry that I can't cover. Macqueen      ( Date: 11-Oct-2016 08:48) Posted: How to cash in when is halt, please enlighten me, as I short this counter now finger cross thank pnuklis      ( Date: 11-Oct-2016 08:42) Posted: The end is in sight for Swissco. No money in the company to pay 3 million in coupon payment and bank balance of 1.2 million when they need 1.5million to run their company. CEO Tan has gone in hiding with a pretext of business trip and do not want to face bond holders. Cannot sell the assets and no cash being generated and a perfect receipe to follow on the Swiber foot steps. Cash in folks before you loose it all.
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Macqueen Master	11-Oct-2016 08:48        Macqueen About Contact  Quote this Post!
x 0   x 0  Alert Admin	How to cash in when is halt, please enlighten me, as I short this counter now finger cross thank pnuklis      ( Date: 11-Oct-2016 08:42) Posted: The end is in sight for Swissco. No money in the company to pay 3 million in coupon payment and bank balance of 1.2 million when they need 1.5million to run their company. CEO Tan has gone in hiding with a pretext of business trip and do not want to face bond holders. Cannot sell the assets and no cash being generated and a perfect receipe to follow on the Swiber foot steps. Cash in folks before you loose it all.
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pnuklis Master	11-Oct-2016 08:42        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	The end is in sight for Swissco. No money in the company to pay 3 million in coupon payment and bank balance of 1.2 million when they need 1.5million to run their company. CEO Tan has gone in hiding with a pretext of business trip and do not want to face bond holders. Cannot sell the assets and no cash being generated and a perfect receipe to follow on the Swiber foot steps. Cash in folks before you loose it all.
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sengsk Elite	10-Oct-2016 12:52        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	BecareFOOL ! Don' t trade this rubbish stock. You Buy You Die !
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Macqueen Master	10-Oct-2016 12:19        Macqueen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think is abt the note or bond stuff ba moron101      ( Date: 10-Oct-2016 12:06) Posted: Why halt? Good news coming?
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moron101 Supreme	10-Oct-2016 12:06        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why halt? Good news coming?
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johnng Supreme	05-Oct-2016 12:35        johnng About Contact  Quote this Post!
x 0   x 0  Alert Admin	NAH IMAGINE AUSGRP SUSPEND...all link to SWIBER IS A GONER...NAM CHEONG ALSO EXPOSE....WITH MARCO POLO WOES...THE INDUSTRY IS IN DYEING TRAITS pnuklis      ( Date: 05-Oct-2016 12:31) Posted: cannot even pay the cupon (interest) payment imagine what will happen to the bond principle???????????????? Who would want to convert in to stocks? at what price one cent? The situation is horrible in Swissco. Robert Chua was lucky he sold all his stocks to these guys from Scot & english! Good timing for Robert.
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