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Spackman entertainment
FrancisLim
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20-Dec-2018 13:44     
 
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 Alert Admin 		How much each of them contribute in terms of p/l and cashflows. Else these wrire ups are cheap talk.How mch pl of spackman media, practically nothing. yet the Co kept swapping for its shares.

kelvintan84      ( Date: 20-Dec-2018 12:46) Posted:

Your point is?
I think everyone here knows what they own. What we don't know is... How poorly managed are those subsidiaries

Eagleman      ( Date: 20-Dec-2018 11:51) Posted:

About Spackman Entertainment Group Limited - extracted from its Dec 14 2018 report
 
Spackman Entertainment Group Limited (&ldquo SEGL&rdquo or the &ldquo Company&rdquo ), and together with its subsidiaries, (the &ldquo Group&rdquo ), one of Korea&rsquo s leading entertainment production groups founded by investment veteran, Mr. Charles Spackman, is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. 
 
- Operate a café -lounge called Upper West, in the Gangnam district of Seoul 
- Own a professional photography studio, noon pictures Co., Ltd.. 
- The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (&ldquo SMGL, a company incorporated in Hong Kong).
SMGL operates its talent management business through renowned agencies such as MS Team Entertainment Co., Ltd., UAA & Co Inc., Fiftyone K Inc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd. 
 
- The Group owns a 100% equity interest in Frame Pictures Co., Ltd. (&ldquo Frame Pictures&rdquo ). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top directors and provided the camera and lighting equipment for some of Korea&rsquo s most notable drama and movie projects including the upcoming Korean film GIRL COPS (2018) featuring rising star Wi Ha-jun of SMGL and THE GREATEST DIVORCE (2018) starring Bae Doona of SMGL. In 2018, Frame Pictures has also won contracts to supply equipment to THE BEAUTY INSIDE (2018), HUNDRED MILLION STARS FROM THE SKY (2018), LOVELY HORRIBLY (2018), THE GUEST (2018), historical Korean movie MALMOI, SUITS (2018) featuring Park Hyung-sik of SMGL, MISTRESS (2018), LIFE (2018), LIVE (2018) starring Lee Kwang-soo of RUNNING MAN, MY MISTER (2018) and Netflix&rsquo s first Korean original production LOVE ALARM (2018). Frame Pictures and Novus Mediacorp are currently seeking to list on the Singapore Stock Exchange. 
 
- The Company owns a 100% equity interest in Take Pictures Pte. Ltd. (&ldquo Take Pictures&rdquo ) which has a strong lineup of 10 film projects including STONE SKIPPING and the co-production with Zip Cinema for THE PRIESTS 2. 
 
- The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (&ldquo Constellation Agency&rdquo ). Constellation Agency, which owns The P Factory Co., Ltd. (&ldquo The P Factory&rdquo ) and Platform Media Group Co., Ltd. (&ldquo PMG&rdquo ), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements, and branded entertainment. 
 
- The Company owns a 100% equity interest in Greenlight Content Limited which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. On 7 May 2018, the Company announced that it would spin-off Novus Mediacorp and Frame Pictures into a combined entity to seek listing on the Catalist Board of the Singapore Exchange Securities Trading Limited to exploit the growing post-theatrical and camera equipment leasing markets. 

For more details, do visit http://www.spackmanentertainmentgroup.com/   


Box Office -  Latest collection  ​ as of Dec 19, 2018
  • Number of Screens :  1,180
  • Total Admissions :  3,675,663
  • Total Gross :  $26,788,010
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kelvintan84
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20-Dec-2018 12:46     
 
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 Alert Admin 		Your point is?
I think everyone here knows what they own. What we don't know is... How poorly managed are those subsidiaries

Eagleman      ( Date: 20-Dec-2018 11:51) Posted:

About Spackman Entertainment Group Limited - extracted from its Dec 14 2018 report
 
Spackman Entertainment Group Limited (&ldquo SEGL&rdquo or the &ldquo Company&rdquo ), and together with its subsidiaries, (the &ldquo Group&rdquo ), one of Korea&rsquo s leading entertainment production groups founded by investment veteran, Mr. Charles Spackman, is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. 
 
- Operate a café -lounge called Upper West, in the Gangnam district of Seoul 
- Own a professional photography studio, noon pictures Co., Ltd.. 
- The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (&ldquo SMGL, a company incorporated in Hong Kong).
SMGL operates its talent management business through renowned agencies such as MS Team Entertainment Co., Ltd., UAA & Co Inc., Fiftyone K Inc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd. 
 
- The Group owns a 100% equity interest in Frame Pictures Co., Ltd. (&ldquo Frame Pictures&rdquo ). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top directors and provided the camera and lighting equipment for some of Korea&rsquo s most notable drama and movie projects including the upcoming Korean film GIRL COPS (2018) featuring rising star Wi Ha-jun of SMGL and THE GREATEST DIVORCE (2018) starring Bae Doona of SMGL. In 2018, Frame Pictures has also won contracts to supply equipment to THE BEAUTY INSIDE (2018), HUNDRED MILLION STARS FROM THE SKY (2018), LOVELY HORRIBLY (2018), THE GUEST (2018), historical Korean movie MALMOI, SUITS (2018) featuring Park Hyung-sik of SMGL, MISTRESS (2018), LIFE (2018), LIVE (2018) starring Lee Kwang-soo of RUNNING MAN, MY MISTER (2018) and Netflix&rsquo s first Korean original production LOVE ALARM (2018). Frame Pictures and Novus Mediacorp are currently seeking to list on the Singapore Stock Exchange. 
 
- The Company owns a 100% equity interest in Take Pictures Pte. Ltd. (&ldquo Take Pictures&rdquo ) which has a strong lineup of 10 film projects including STONE SKIPPING and the co-production with Zip Cinema for THE PRIESTS 2. 
 
- The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (&ldquo Constellation Agency&rdquo ). Constellation Agency, which owns The P Factory Co., Ltd. (&ldquo The P Factory&rdquo ) and Platform Media Group Co., Ltd. (&ldquo PMG&rdquo ), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements, and branded entertainment. 
 
- The Company owns a 100% equity interest in Greenlight Content Limited which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. On 7 May 2018, the Company announced that it would spin-off Novus Mediacorp and Frame Pictures into a combined entity to seek listing on the Catalist Board of the Singapore Exchange Securities Trading Limited to exploit the growing post-theatrical and camera equipment leasing markets. 

For more details, do visit http://www.spackmanentertainmentgroup.com/   


Box Office -  Latest collection  ​ as of Dec 19, 2018
  • Number of Screens :  1,180
  • Total Admissions :  3,675,663
  • Total Gross :  $26,788,010
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Eagleman
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20-Dec-2018 11:51     
 
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 Alert Admin 		About Spackman Entertainment Group Limited - extracted from its Dec 14 2018 report
 
Spackman Entertainment Group Limited (&ldquo SEGL&rdquo or the &ldquo Company&rdquo ), and together with its subsidiaries, (the &ldquo Group&rdquo ), one of Korea&rsquo s leading entertainment production groups founded by investment veteran, Mr. Charles Spackman, is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. 
 
- Operate a café -lounge called Upper West, in the Gangnam district of Seoul 
- Own a professional photography studio, noon pictures Co., Ltd.. 
- The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (&ldquo SMGL, a company incorporated in Hong Kong).
SMGL operates its talent management business through renowned agencies such as MS Team Entertainment Co., Ltd., UAA & Co Inc., Fiftyone K Inc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd. 
 
- The Group owns a 100% equity interest in Frame Pictures Co., Ltd. (&ldquo Frame Pictures&rdquo ). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top directors and provided the camera and lighting equipment for some of Korea&rsquo s most notable drama and movie projects including the upcoming Korean film GIRL COPS (2018) featuring rising star Wi Ha-jun of SMGL and THE GREATEST DIVORCE (2018) starring Bae Doona of SMGL. In 2018, Frame Pictures has also won contracts to supply equipment to THE BEAUTY INSIDE (2018), HUNDRED MILLION STARS FROM THE SKY (2018), LOVELY HORRIBLY (2018), THE GUEST (2018), historical Korean movie MALMOI, SUITS (2018) featuring Park Hyung-sik of SMGL, MISTRESS (2018), LIFE (2018), LIVE (2018) starring Lee Kwang-soo of RUNNING MAN, MY MISTER (2018) and Netflix&rsquo s first Korean original production LOVE ALARM (2018). Frame Pictures and Novus Mediacorp are currently seeking to list on the Singapore Stock Exchange. 
 
- The Company owns a 100% equity interest in Take Pictures Pte. Ltd. (&ldquo Take Pictures&rdquo ) which has a strong lineup of 10 film projects including STONE SKIPPING and the co-production with Zip Cinema for THE PRIESTS 2. 
 
- The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (&ldquo Constellation Agency&rdquo ). Constellation Agency, which owns The P Factory Co., Ltd. (&ldquo The P Factory&rdquo ) and Platform Media Group Co., Ltd. (&ldquo PMG&rdquo ), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements, and branded entertainment. 
 
- The Company owns a 100% equity interest in Greenlight Content Limited which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. On 7 May 2018, the Company announced that it would spin-off Novus Mediacorp and Frame Pictures into a combined entity to seek listing on the Catalist Board of the Singapore Exchange Securities Trading Limited to exploit the growing post-theatrical and camera equipment leasing markets. 

For more details, do visit http://www.spackmanentertainmentgroup.com/   


Box Office -  Latest collection  ​ as of Dec 19, 2018
  • Number of Screens :  1,180
  • Total Admissions :  3,675,663
  • Total Gross :  $26,788,010
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morgany
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19-Dec-2018 18:24     
 
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 Alert Admin 		I got your point, but look at the price....? it is still at the all time lows...why??? shouldn' t we write a letter to SGX and ask them about this questionable company that was listed in SGX?

FrancisLim      ( Date: 18-Dec-2018 15:39) Posted:

You may refer to this link: http://governanceforstakeholders.com/2018/06/11/query-system-needs-to-be_reviewed/ Extract: I was surprised that SGX did not query the following: who are the ?unrelated third parties? or vendors for the four SPAs? why is SEGL paying a (notional) consideration of US$6.9 million to acquire an additional 7.52% stake in SMGL whose total NTA and NAV were just US$7.9 million and US$12.7 million respectively, and whose unaudited profit before tax was US$0.86 million for FY2016 and audited profit before tax for FY2017 was just US$0.27 million? (if we take the actual price of $0.06 cents for SEGL shares, that translates to a total consideration of S$6.096 million or US$4.569 million, which would still imply a total market value of US$60.76 million ? or 7.69 times and 4.78 times NTA and NAV respectively) what is the basis for setting the issue price of SEGL at S$0.09 or a premium of 26.8% from the volume weighted average price of S$0.071 at the time of announcement of the SPA? (the premium is even larger at the time of completion given the subsequent decline in SEGL?s share price to S$0.06 the continuing decline in SEGL?s share price is hardly surprising given the high price that SEGL is paying for the SMGL shares under the four SPAs) Unquote

morgany      ( Date: 18-Dec-2018 12:23) Posted:

But with the dilution of shares to swap for SMG shares, isn' t it a good investment since SMG were much sort after and their share prices were higher??? I just wonder how much SMG spackman is holding currently? They should have announce it ...and if SMG is very profitable, we should have a kickback for our bottom line...
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FrancisLim
Elite
18-Dec-2018 15:39     
 
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 Alert Admin 		You may refer to this link: http://governanceforstakeholders.com/2018/06/11/query-system-needs-to-be_reviewed/ Extract: I was surprised that SGX did not query the following: who are the ?unrelated third parties? or vendors for the four SPAs? why is SEGL paying a (notional) consideration of US$6.9 million to acquire an additional 7.52% stake in SMGL whose total NTA and NAV were just US$7.9 million and US$12.7 million respectively, and whose unaudited profit before tax was US$0.86 million for FY2016 and audited profit before tax for FY2017 was just US$0.27 million? (if we take the actual price of $0.06 cents for SEGL shares, that translates to a total consideration of S$6.096 million or US$4.569 million, which would still imply a total market value of US$60.76 million ? or 7.69 times and 4.78 times NTA and NAV respectively) what is the basis for setting the issue price of SEGL at S$0.09 or a premium of 26.8% from the volume weighted average price of S$0.071 at the time of announcement of the SPA? (the premium is even larger at the time of completion given the subsequent decline in SEGL?s share price to S$0.06 the continuing decline in SEGL?s share price is hardly surprising given the high price that SEGL is paying for the SMGL shares under the four SPAs) Unquote

morgany      ( Date: 18-Dec-2018 12:23) Posted:

But with the dilution of shares to swap for SMG shares, isn' t it a good investment since SMG were much sort after and their share prices were higher??? I just wonder how much SMG spackman is holding currently? They should have announce it ...and if SMG is very profitable, we should have a kickback for our bottom line....

FrancisLim      ( Date: 17-Dec-2018 16:56) Posted:

This year, the Company made numerous supposedly positive announcements. With each announcement, the share price tanked. Even the drama, Terrius Behind Me received the highest rating for the month when it was screened. Somehow, all these positive announcements failed to have positive impact on the price. This is due to the issue of new shares to swap for interests in SMG and other entities including the recent Greenlight Content Limited which is associated with the drama, Terrius Behind Me. Surely, if the drama and film do well, the share price should go up. But, against this is the unloading of shares even at each successive lower price. For the share price to go up, various things have to happen: (1) stop the swap dilution (2) be transparent on the impact of each positive announcement on the pl and cashflow (3) get a permanent CEO on board. The interim CEO as the falling share price shows, is not working.


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morgany
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18-Dec-2018 12:23     
 
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 Alert Admin 		But with the dilution of shares to swap for SMG shares, isn' t it a good investment since SMG were much sort after and their share prices were higher??? I just wonder how much SMG spackman is holding currently? They should have announce it ...and if SMG is very profitable, we should have a kickback for our bottom line....

FrancisLim      ( Date: 17-Dec-2018 16:56) Posted:

This year, the Company made numerous supposedly positive announcements. With each announcement, the share price tanked. Even the drama, Terrius Behind Me received the highest rating for the month when it was screened. Somehow, all these positive announcements failed to have positive impact on the price. This is due to the issue of new shares to swap for interests in SMG and other entities including the recent Greenlight Content Limited which is associated with the drama, Terrius Behind Me. Surely, if the drama and film do well, the share price should go up. But, against this is the unloading of shares even at each successive lower price. For the share price to go up, various things have to happen: (1) stop the swap dilution (2) be transparent on the impact of each positive announcement on the pl and cashflow (3) get a permanent CEO on board. The interim CEO as the falling share price shows, is not working.

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FrancisLim
Elite
17-Dec-2018 16:56     
 
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 Alert Admin 		This year, the Company made numerous supposedly positive announcements. With each announcement, the share price tanked. Even the drama, Terrius Behind Me received the highest rating for the month when it was screened. Somehow, all these positive announcements failed to have positive impact on the price. This is due to the issue of new shares to swap for interests in SMG and other entities including the recent Greenlight Content Limited which is associated with the drama, Terrius Behind Me. Surely, if the drama and film do well, the share price should go up. But, against this is the unloading of shares even at each successive lower price. For the share price to go up, various things have to happen: (1) stop the swap dilution (2) be transparent on the impact of each positive announcement on the pl and cashflow (3) get a permanent CEO on board. The interim CEO as the falling share price shows, is not working.
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sbscap
Master
17-Dec-2018 12:32     
 
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 Alert Admin 		Good movie sales doesn' t translate to share price gain.
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kelvintan84
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17-Dec-2018 09:46     
 
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 Alert Admin 		40m really quite alot lei...

lailai      ( Date: 17-Dec-2018 07:56) Posted:

Latest collection: 25.7m
Positon #2.
By the time it moves out of top 10, Spacky may have collected my guesstimate 40m.
Hopefully by that time, it can move to 3-3.5cts, or at least 3ct, instead of continuing its relentless diarrhea.
 

kelvintan84      ( Date: 06-Dec-2018 06:20) Posted:

Updated
Sovereign default box office guesstimate
Kelvin 22m
Ninja 34m
Jackjack 35m
Lailai 40m
Francis 50m
Morgany 80m

We track as long as the http://www.koreanfilm.or.kr/eng/news/boxOffice_Daily.jsp?mode=BOXOFFICE_DAILY tracks it.

For the fun of it
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lailai
Elite
17-Dec-2018 07:56     
 
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 Alert Admin 		Latest collection: 25.7m
Positon #2.
By the time it moves out of top 10, Spacky may have collected my guesstimate 40m.
Hopefully by that time, it can move to 3-3.5cts, or at least 3ct, instead of continuing its relentless diarrhea.
 

kelvintan84      ( Date: 06-Dec-2018 06:20) Posted:

Updated
Sovereign default box office guesstimate
Kelvin 22m
Ninja 34m
Jackjack 35m
Lailai 40m
Francis 50m
Morgany 80m

We track as long as the http://www.koreanfilm.or.kr/eng/news/boxOffice_Daily.jsp?mode=BOXOFFICE_DAILY tracks it.

For the fun of it
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tonytan44
Supreme
14-Dec-2018 15:22     
 
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 Alert Admin 		opps 26 got pple start to throw

tonytan44      ( Date: 14-Dec-2018 14:04) Posted:

i think next week can see 26

newbieliu      ( Date: 14-Dec-2018 13:50) Posted:

These few days 27 has been absorbed quite well. Waiting for actions . My average is 28 now zzz after absorbing from 31 to current pric
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tonytan44
Supreme
14-Dec-2018 14:04     
 
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 Alert Admin 		i think next week can see 26

newbieliu      ( Date: 14-Dec-2018 13:50) Posted:

These few days 27 has been absorbed quite well. Waiting for actions . My average is 28 now zzz after absorbing from 31 to current price

NextEvolution      ( Date: 14-Dec-2018 08:56) Posted:

I've collected quite bit since it dropped to sub-3, especially at current 2.7 px

Now just have to wait for it to break 2.9 resistance, should be coming next week as buying at current low is well supported.
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newbieliu
Elite
14-Dec-2018 13:50     
 
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 Alert Admin 		These few days 27 has been absorbed quite well. Waiting for actions . My average is 28 now zzz after absorbing from 31 to current price

NextEvolution      ( Date: 14-Dec-2018 08:56) Posted:

I've collected quite bit since it dropped to sub-3, especially at current 2.7 px

Now just have to wait for it to break 2.9 resistance, should be coming next week as buying at current low is well supported.
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NextEvolution
Elite
14-Dec-2018 08:56     
 
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 Alert Admin 		I've collected quite bit since it dropped to sub-3, especially at current 2.7 px

Now just have to wait for it to break 2.9 resistance, should be coming next week as buying at current low is well supported.
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kelvintan84
Veteran
14-Dec-2018 08:33     
 
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 Alert Admin 		Looks like the fight is between me and ninja. Box office just hit 22m. Think the movie may continue for another 2weeks. Probably ninja will win this guesstimate...

kelvintan84      ( Date: 06-Dec-2018 06:20) Posted:

Updated
Sovereign default box office guesstimate
Kelvin 22m
Ninja 34m
Jackjack 35m
Lailai 40m
Francis 50m
Morgany 80m

We track as long as the http://www.koreanfilm.or.kr/eng/news/boxOffice_Daily.jsp?mode=BOXOFFICE_DAILY tracks it.

For the fun of it
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FrancisLim
Elite
11-Dec-2018 15:42     
 
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 Alert Admin 		Not the IR job.  It is the management, executive directors and the independent directors and the regulators.

This issue was raised by the regulator to the company and the company provided a flimsy response.  You may check on SGX disclosure. 

 

kelvintan84      ( Date: 10-Dec-2018 21:24) Posted:

Just curious, anyone spoke to this jasmine person? Did thei IR reply at all?

FrancisLim      ( Date: 10-Dec-2018 17:43) Posted:

The increase in the number of shares issued is due to (1) placements and (2) issue of new shares to swap for shares of Spackman Media Group and other entities.

Why the share price dropped significantly after each swap?  The imputed valued of the swapped entities are not apparent and the purchasers of Spackman shares, unloaded for cash.

Spackman kept on announcing supposedly positive news, and the share price dropped, due to share unloading.

The swaps should be examined.  They add no additional cash flow and significant profit to 
Spackamn.  In fact, they are dilutive of Spackman value as seen from the drop in share price through the years.

Also, the original purpose of swapping for Spackman Media Group in 2015 to allow it to list in HK did not materilise with whatever excuses.  Yet the swaps continued during this year.  Similarly, shareholders have to be careful of the proposed spin off of the cos within Spackamn.  It sounded the same as spinning off of SMG.

Since the spin offs being announced, the share price has been more than halved even with the positive news on drama, on box office, etc.

 
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NextEvolution
Elite
11-Dec-2018 11:19     
 
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 Alert Admin 		I'm looking for 2 volunteers to eat up Spacky.
1st volunteer to eat up 2.8, 2nd volunteer to eat up 2.9. 'Kee Chiu' f you want to volunteer ... LOL

NextEvolution      ( Date: 11-Dec-2018 10:49) Posted:

My Spacky waiting to mop up 2.8 ... LOL
Either today or tomorrow, boleh lah
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NextEvolution
Elite
11-Dec-2018 10:49     
 
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 Alert Admin 		My Spacky waiting to mop up 2.8 ... LOL
Either today or tomorrow, boleh lah
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kelvintan84
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10-Dec-2018 21:25     
 
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 Alert Admin 		Parkson is danger's favourite lei, together with Midas, hyflux and HPH. Only one surviving so far...

Starship      ( Date: 10-Dec-2018 16:06) Posted:


Today' s news is a great joke.
Parkson stock in SGX given nearly Six Years to get it' s share price back to 20 cents. Won' t be surprised they extend it even further on 4 Dec 2021.
SGX must be the world' s laughing stock. Lol.


Parkson and the conundrum of Singapore-listed Parkson Retail Asia
10/12/18, 11:47 am

KUALA LUMPUR (Dec 10): Last week, department store operator Parkson Holdings Bhd saw its Singapore-listed 67.96%-owned subsidiary  Parkson Retail Asia (PRA) placed on the exchange' s watch list after triggering the minimum trading price (MTP) entry criteria.

The MTP is a continuing listing requirement that took effect from March 2, 2015 for all  Singapore Exchange  (SGX) Mainboard issuers, whereby they must maintain a minimum share price of $0.20.

PRA shares have been trading below the SGX' s minimum requirement of $0.20 since May 2016, closing at a record low of $0.025 last Friday, bringing a market capitalisation of $16.85 million. The company could face a delisting should it fail to exit the watchlist by Dec 4, 2021.


https://www.theedgesingapore.com/parkson-and-conundrum-singapore-listed-parkson-retail-asia

lailai      ( Date: 10-Dec-2018 15:13) Posted:

They tried consol to MTP some time ago.
It was such a disaster becos shorties kept short selling to bring the price below the MTP.
They shd try suspending short selling for 6 months and see how.
No selling of shares unless they have the shares, so counters cannot be artifically sold down by syndicated shorties.
Just opinion, but think that' s the only way to prevent selling shares that the shorties do not own.
 


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kelvintan84
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10-Dec-2018 21:24     
 
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 Alert Admin 		Just curious, anyone spoke to this jasmine person? Did thei IR reply at all?

FrancisLim      ( Date: 10-Dec-2018 17:43) Posted:

The increase in the number of shares issued is due to (1) placements and (2) issue of new shares to swap for shares of Spackman Media Group and other entities.

Why the share price dropped significantly after each swap?  The imputed valued of the swapped entities are not apparent and the purchasers of Spackman shares, unloaded for cash.

Spackman kept on announcing supposedly positive news, and the share price dropped, due to share unloading.

The swaps should be examined.  They add no additional cash flow and significant profit to 
Spackamn.  In fact, they are dilutive of Spackman value as seen from the drop in share price through the years.

Also, the original purpose of swapping for Spackman Media Group in 2015 to allow it to list in HK did not materilise with whatever excuses.  Yet the swaps continued during this year.  Similarly, shareholders have to be careful of the proposed spin off of the cos within Spackamn.  It sounded the same as spinning off of SMG.

Since the spin offs being announced, the share price has been more than halved even with the positive news on drama, on box office, etc.

 

Starship      ( Date: 10-Dec-2018 14:16) Posted:


Why doesn' t SGX implement a minimum share price like other markets?   
Why is SGX happy with hundreds of counters trading in pennies and even sub-penny? 
Is it so difficult to regulate that all stocks must maintain a minimum price of at least $1?  What are the intentions and motivations of companies that persistently let their shares trade in pennies and sub-penny?
Even this Spackman keeps publishing rosy news but its share price is a pathetic 2 cents.  Market Cap at a measely $28m but the Outstanding Shares is a whopping 1.037 Billion shares as if it' s Walt Disney stock which has the same quantity of shares.
World' s greatest joke.
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