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Huatsweeswee Master	20-Mar-2017 23:09        Huatsweeswee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Luckily I sold off mine @ .032 at last open from trading halt. Lost 6k heart pain but now looking at it I felt better.
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Invest1 Elite	20-Mar-2017 22:41        Invest1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, luckily sell all Ezra  at 0.014 and use the money buy Swee Hong......Huat ar....
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sheerluck Supreme	20-Mar-2017 21:17        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	More enough to bankrupt them.   Know this can liao. joebloggs      ( Date: 20-Mar-2017 21:12) Posted:   Bizarre announcement, what is the total of guarantees which EZRA has given out.........   need a strong coffee to stay awake and read this one!!!!! http://ANNOUNCEMENTS IN RELATION TO RESTRUCTURING PROCEEDINGS COMMENCED BY EZRA HOLDINGS LIMITED IN THE UNITED STATES The Board of Directors (the &ldquo Board&rdquo ) of EMAS Offshore Limited (&ldquo EOL&rdquo or the &ldquo Company&rdquo , together with its subsidiaries and associated companies, the &ldquo Group&rdquo ) refers to the announcement (&ldquo Ezra Chapter 11 Announcement&rdquo ) released by the Company&rsquo s ultimate holding company, Ezra Holdings Limited (&ldquo Ezra&rdquo , together with its subsidiaries and associated companies, the &ldquo Ezra Group&rdquo ) on 19 March 2017, where Ezra announced that it, together with certain subsidiaries of Ezra, voluntarily filed a petition for reorganisation under Chapter 11 of the United States Bankruptcy Code (&ldquo Ezra Chapter 11 Filing&rdquo ) in order to obtain the protection of the United States Bankruptcy Court to facilitate the financial restructuring of the Ezra Group. As at 30 November 2016, the Group had an aggregate amount of approximately US$170 million owing to Ezra, of which US$125 million was subject to a deferred payment over a period of three years. In addition, the Group has an aggregate of approximately US$566 million of loans owing to financial institutions (&ldquo Bank Facilities&rdquo ) of which (i) an aggregate of approximately US$242 million of loans are guaranteed or secured by securities provided by Ezra and (ii) an aggregate of approximately US$193 million of loans are jointly guaranteed or secured by securities provided by Ezra and the Group (&ldquo Relevant Facilities&rdquo ). The Group also has substantial charter hire liabilities valued at approximately US$231 million as at 30 November 2016, relating to charterparty agreements entered into by the Group (&ldquo Charterparty Agreements&rdquo ) of which (i) an aggregate of approximately US$119 million are guaranteed solely by Ezra and (ii) an aggregate of approximately US$58 million are jointly guaranteed by Ezra and the Group. The Ezra Chapter 11 Filing may constitute events of default under the Relevant Facilities and/or the Bank Facilities and the Charterparty Agreements and the moratorium afforded under the Ezra Chapter 11 Filing does not stay claims against the Group in relation to these Relevant Facilities and/or Bank Facilities and Charterparty Agreements guaranteed or secured by Ezra. However, the Group is not aware of any demand made by financial institutions in relation to any of the Bank Facilities as a result of the Ezra Chapter 11 Filing. Arising from the above, the Ezra Chapter 11 Filing may have a negative impact on the Group. The Company is therefore currently seeking advice on the Ezra Chapter 11 Filing, as well as assessing the impact of such filing on the Group and on the Group&rsquo s ongoing initiatives to refinance its financial obligations and liabilities and the procurement of additional working capital facilities (&ldquo Ongoing Initiatives&rdquo ). The Group will work closely with its principal bankers to review all options to continue its Ongoing Initiatives. As previously disclosed by EOL in its unaudited financial information for the first quarter of financial year ended 30 November 2016 and the announcement made on 2 March 2017, in the event that these efforts do not achieve a favourable and timely outcome, the Group will be faced with a going concern issue. Further announcements will be made by the Company and the Board via SGXNET and Newsweb as and when there are any material developments in compliance with the listing rules of the Singapore Exchange Securities Trading Limited and the Norwegian Securities Trading Act.
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joebloggs Senior	20-Mar-2017 21:12        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bizarre announcement, what is the total of guarantees which EZRA has given out.........   need a strong coffee to stay awake and read this one!!!!! http://ANNOUNCEMENTS IN RELATION TO RESTRUCTURING PROCEEDINGS COMMENCED BY EZRA HOLDINGS LIMITED IN THE UNITED STATES The Board of Directors (the &ldquo Board&rdquo ) of EMAS Offshore Limited (&ldquo EOL&rdquo or the &ldquo Company&rdquo , together with its subsidiaries and associated companies, the &ldquo Group&rdquo ) refers to the announcement (&ldquo Ezra Chapter 11 Announcement&rdquo ) released by the Company&rsquo s ultimate holding company, Ezra Holdings Limited (&ldquo Ezra&rdquo , together with its subsidiaries and associated companies, the &ldquo Ezra Group&rdquo ) on 19 March 2017, where Ezra announced that it, together with certain subsidiaries of Ezra, voluntarily filed a petition for reorganisation under Chapter 11 of the United States Bankruptcy Code (&ldquo Ezra Chapter 11 Filing&rdquo ) in order to obtain the protection of the United States Bankruptcy Court to facilitate the financial restructuring of the Ezra Group. As at 30 November 2016, the Group had an aggregate amount of approximately US$170 million owing to Ezra, of which US$125 million was subject to a deferred payment over a period of three years. In addition, the Group has an aggregate of approximately US$566 million of loans owing to financial institutions (&ldquo Bank Facilities&rdquo ) of which (i) an aggregate of approximately US$242 million of loans are guaranteed or secured by securities provided by Ezra and (ii) an aggregate of approximately US$193 million of loans are jointly guaranteed or secured by securities provided by Ezra and the Group (&ldquo Relevant Facilities&rdquo ). The Group also has substantial charter hire liabilities valued at approximately US$231 million as at 30 November 2016, relating to charterparty agreements entered into by the Group (&ldquo Charterparty Agreements&rdquo ) of which (i) an aggregate of approximately US$119 million are guaranteed solely by Ezra and (ii) an aggregate of approximately US$58 million are jointly guaranteed by Ezra and the Group. The Ezra Chapter 11 Filing may constitute events of default under the Relevant Facilities and/or the Bank Facilities and the Charterparty Agreements and the moratorium afforded under the Ezra Chapter 11 Filing does not stay claims against the Group in relation to these Relevant Facilities and/or Bank Facilities and Charterparty Agreements guaranteed or secured by Ezra. However, the Group is not aware of any demand made by financial institutions in relation to any of the Bank Facilities as a result of the Ezra Chapter 11 Filing. Arising from the above, the Ezra Chapter 11 Filing may have a negative impact on the Group. The Company is therefore currently seeking advice on the Ezra Chapter 11 Filing, as well as assessing the impact of such filing on the Group and on the Group&rsquo s ongoing initiatives to refinance its financial obligations and liabilities and the procurement of additional working capital facilities (&ldquo Ongoing Initiatives&rdquo ). The Group will work closely with its principal bankers to review all options to continue its Ongoing Initiatives. As previously disclosed by EOL in its unaudited financial information for the first quarter of financial year ended 30 November 2016 and the announcement made on 2 March 2017, in the event that these efforts do not achieve a favourable and timely outcome, the Group will be faced with a going concern issue. Further announcements will be made by the Company and the Board via SGXNET and Newsweb as and when there are any material developments in compliance with the listing rules of the Singapore Exchange Securities Trading Limited and the Norwegian Securities Trading Act.
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BetterStill Veteran	20-Mar-2017 20:59        BetterStill About Contact  Quote this Post!
x 0   x 0  Alert Admin	Walau...really no one wanna take over meh? Why apply bankrupt in US instead of Singapore neh? Got engage Buffett or not? He also not interested to take over meh?
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sheerluck Supreme	20-Mar-2017 20:11        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	This article said DBS already moved EZRA debt to non-performing loan in their three quarter but their analysts call for a buy on 30 Nov 2016. http://splash247.com/ezra-holdings-files-us-bankruptcy-protection/ Cannot believe that DBS also behave like that leh???!!?!?!!?   So how arh?   DBS also sell alot O& G bonds to poor soul leh.   Like that how arh?   Is this DBS our DBS or another DBS that we are talking about??!!!?!
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HazardKoh Master	20-Mar-2017 19:45        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	I bet there are small investors buying Ezion now :)
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HazardKoh Master	20-Mar-2017 19:41        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	i mean for the past few weeks.. there are buyers ... who are the buyers? dun be surprised are small investors who after reading the analyst reports think 2 cents is a steal .. Alvin2042      ( Date: 20-Mar-2017 19:40) Posted: How to buy? Counter suspended HazardKoh      ( Date: 20-Mar-2017 19:39) Posted: dun be surprised that these few weeks there are buyers for Ezra and most of these buyers maybe small investors who think 2 cents is a bargain and most of them buy up anywhere from 3 to 1.5 cents..after reading all the analyst reports out there..
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Alvin2042 Master	20-Mar-2017 19:40        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How to buy? Counter suspended HazardKoh      ( Date: 20-Mar-2017 19:39) Posted: dun be surprised that these few weeks there are buyers for Ezra and most of these buyers maybe small investors who think 2 cents is a bargain and most of them buy up anywhere from 3 to 1.5 cents..after reading all the analyst reports out there..   happyharvest      ( Date: 20-Mar-2017 19:35) Posted: there is a reason why anal is at the beginning of the word analyst.
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HazardKoh Master	20-Mar-2017 19:39        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	dun be surprised that these few weeks there are buyers for Ezra and most of these buyers maybe small investors who think 2 cents is a bargain and most of them buy up anywhere from 3 to 1.5 cents..after reading all the analyst reports out there..   happyharvest      ( Date: 20-Mar-2017 19:35) Posted: there is a reason why anal is at the beginning of the word analyst. sh0rthere      ( Date: 20-Mar-2017 19:32) Posted: They need to "lure" more gong kias for to prevent them from writing off their bad debts for ezra. Lol. Only fools will trust those analysts words
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buysellbuysell Master	20-Mar-2017 19:36        buysellbuysell About Contact  Quote this Post! Style: Flexible   Mood: Yells: "someone please sell down low so that others can buy low"
x 0   x 0  Alert Admin	Banks always will say this one high, that one going up.... then all the people newbie or trusting people who will gong gong up lorry. Then when banks say this and that. People will buy when the banks offload to you lo..... Same with kepcorp, capitaland, noble, semb marine, cosco same same pattern like ezra lo....   😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 HazardKoh      ( Date: 20-Mar-2017 19:27) Posted:   Just barely a few months ago, DBS issue target price of 4 cents for Ezra...
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happyharvest Elite	20-Mar-2017 19:35        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	there is a reason why anal is at the beginning of the word analyst. sh0rthere      ( Date: 20-Mar-2017 19:32) Posted: They need to "lure" more gong kias for to prevent them from writing off their bad debts for ezra. Lol. Only fools will trust those analysts words. HazardKoh      ( Date: 20-Mar-2017 19:27) Posted:   Just barely a few months ago, DBS issue target price of 4 cents for Ezra...
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Alvin2042 Master	20-Mar-2017 19:34        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Erza is pull dn the its associate. With so much guarantee, cannot go dn also cannot. If there is no emas chiyoda, or even they previously dispose at $1, the local banks will still support Erza. Now so many demand notices coming in because of chiyoda, so die Liao... HazardKoh      ( Date: 20-Mar-2017 19:27) Posted:   Just barely a few months ago, DBS issue target price of 4 cents for Ezra...
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sh0rthere Senior	20-Mar-2017 19:32        sh0rthere About Contact  Quote this Post!
x 0   x 0  Alert Admin	They need to "lure" more gong kias for to prevent them from writing off their bad debts for ezra. Lol. Only fools will trust those analysts words. HazardKoh      ( Date: 20-Mar-2017 19:27) Posted:   Just barely a few months ago, DBS issue target price of 4 cents for Ezra...
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happyharvest Elite	20-Mar-2017 19:31        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	how long they going to be suspended? Hiding is no use. Face the musics.
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HazardKoh Master	20-Mar-2017 19:27        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just barely a few months ago, DBS issue target price of 4 cents for Ezra...
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moron101 Supreme	20-Mar-2017 19:09        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	畜 生 养 的 。 Huat1368      ( Date: 20-Mar-2017 18:43) Posted: 害 人 害 到 这 么 深 ！ 连 畜 生 都 不 如 ！ sheerluck      ( Date: 20-Mar-2017 17:42) Posted: Can tell how EZRA is treating this matter.   They didn' t even think of meeting up with noteholders in the first place.   When they want noteholders to extend the deadline, they want to meet them.   now they want to run road, they dont want to meet them.   Only SGX ask, they LL then no choice agree.   MAS and SGX needs to put a stop to EZRA evil' s way liao. 害 人 害 到 这 么 深 ！   连 畜 生 都 不 如 ！
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Huat1368 Veteran	20-Mar-2017 18:45        Huat1368 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Right...I don't think Ezra will care.
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Huat1368 Veteran	20-Mar-2017 18:43        Huat1368 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	害 人 害 到 这 么 深 ！ 连 畜 生 都 不 如 ！ sheerluck      ( Date: 20-Mar-2017 17:42) Posted: Can tell how EZRA is treating this matter.   They didn' t even think of meeting up with noteholders in the first place.   When they want noteholders to extend the deadline, they want to meet them.   now they want to run road, they dont want to meet them.   Only SGX ask, they LL then no choice agree.   MAS and SGX needs to put a stop to EZRA evil' s way liao. 害 人 害 到 这 么 深 ！   连 畜 生 都 不 如 ！ laksaman57      ( Date: 20-Mar-2017 17:38) Posted: http://www.businesstimes.com.sg/companies-markets/ezra-bites-bullet-files-chapter-11-protection-with-us-court Guess this is the best sgx can do ' SGX has called on Ezra to convene a meeting with noteholders, to which the company said it will comply. The exchange also said it will write to holders of the notes which are custodised with the Central Depository (CDP). Investors whose notes are not held directly via their own CDP accounts but through nominee accounts are advised to contact the nominee directly. SGX has also compiled details of these noteholders and will make them available to the trustee of the note issue, HSBC Institutional Trust Services (Singapore) Ltd.'
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laksaman57 Supreme	20-Mar-2017 18:01        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lesson learnt from Ezra maneuver, investors must take into consideration whether or not companies they invested or to-be-investing in, qualify for chapter-11 filing " Eligibility  Requirements  Are Easy for Foreign Companies to Meet The threshold requirements for foreign companies seeking Chapter 11 protection is surprisingly easy.  To establish eligibility for Chapter 11 all a foreign company needs to show is that it is incorporated in the U.S. or has assets or operations here.   A notable example of just how easy it is to meet the Chapter 11 eligibility requirement is  TMT Group, a global shipping company, which opened an office in Houston just days before filing for Chapter 11 protection there."
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