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SingHaiyi
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Integrity
Elite |
19-Aug-2020 10:13
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Mai hai si lang lah
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moonsun
Veteran |
19-Aug-2020 09:38
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They issue millions and millions of shares dilution to buy SMG at ??? Do you honestly think spackman shares can recover back to 30 cents or ipo price after they sell SMG and if they manage to sell ?? Lol
Scam
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danger
Supreme |
19-Aug-2020 09:12
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the current whole market cap of spackman is only about $13.6 million now Selling for at least $32.2 million ... which is 2.5 times more Then shareholders can expect special dividend soon ??!! |
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danger
Supreme |
19-Aug-2020 09:08
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Wow ! WHy haven' t surge to 10 cents ??
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Joelton
Supreme |
19-Aug-2020 09:07
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Spackman Entertainment signs MOU to sell its 43.9% stake in talent agency
MAINBOARD-LISTED Spackman Entertainment Group on Tuesday entered into a non-binding memorandum of understanding (MOU) to sell its entire 43.9 per cent stake in entertainment talent agency Spackman Media Group to Spackman Equities Group for at least 27.9 million South Korean won (S$32.2 million).
If the divestment is completed, Spackman Entertainment and Spackman Equities plan to develop, produce and finance motion pictures and entertainment content for the North American market, as well as develop other entertainment-related businesses in North America, Spackman Entertainment said in a bourse filing.
These plans are in line with the group' s strategy to diversify into the production and financing of Hollywood movies, it added.
The consideration for the divestment shall be no less than 2,000 won per share in Spackman Media, equivalent to the most recent significant transaction of the shares in public records.
The consideration will be fully satisfied by newly issued Spackman Equities shares, with the issue price of the shares to be discussed and agreed upon. Conditions precedent to the deal include the consolidation of Spackman Equities' common shares on a 10:1 basis.
The deal may constitute a reverse takeover, and could see Canada-listed Spackman Equities become a subsidiary of Spackman Entertainment, pursuant to relevant regulations of the TSX Venture Exchange.
Spackman Equities is a substantial shareholder of Spackman Entertainment, while Spackman Media is an associate company of Spackman Entertainment.
Spackman Entertainment' s non-executive director Richard Lee, and its executive director, president and chief operating officer Na Kyoungwon, are directors of Spackman Equities.
Negotiations are ongoing, and no binding agreement has been entered into, Spackman Entertainment said.
It added that it and Spackman Equities had agreed that the MOU, unless extended mutually, shall terminate if definitive agreement(s) are not executed by Sept 30.
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SmallSmall
Supreme |
18-Aug-2020 16:43
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Dubious transaction but at least there is a sales figure of $32 mil translating into $0.0168 per share SPACKMAN ENTERTAINMENT GROUP LIMITED (Company Registration No.: 201401201N) (Incorporated in the Republic of Singapore on 10 January 2014) ENTRY INTO NON-BINDING MEMORANDUM OF UNDERSTANDING IN RELATION TO THE PROPOSED DIVESTMENT OF THE COMPANY&rsquo S SHARES IN SPACKMAN MEDIA GROUP LIMITED TOSPACKMAN EQUITIES GROUP INC The Board of Directors (&ldquo Board&rdquo ) of Spackman Entertainment Group Limited (&ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to inform shareholders that the Company has today entered into a non-binding memorandum of understanding (&ldquo MOU&rdquo ) with Spackman Equities Group Inc (&ldquo SQG&rdquo or the &ldquo Purchaser&rdquo ), a company listed on the TSX Venture Exchange in Canada, pursuant to which the Company intends to sell the its entire interest in Spackman Media Group Limited (&ldquo Spackman Media Group&rdquo ) (the &ldquo Proposed Divestment&rdquo ) to the Purchaser. The Purchaser is an investment company that selectively invests into growth companies that possess proprietary know-how or technologies. The common shares of SQG are traded on the TSX Venture Exchange under the symbol &lsquo SQG&rsquo . As of the date of this announcement, SQG is a substantial shareholder of the Company, holding 7.55% of the total issued shares of the Company.Richard Lee, the Non-Executive Director of the Company, and Na Kyoungwon, the Executive Director, President and Chief Operating Officer of the Company, are also directors of SQG. Under the MOU, the Company intends to sell all its 13,968,038 common voting shares of Spackman Media Group (&ldquo Sale Shares&rdquo ), representing 43.88% of the Company&rsquo s interest in Spackman Media Group. The purchase consideration will be fully satisfied by newly issued common shares of the Purchaser (&ldquo Consideration&rdquo ). Accordingly, following the completion of the Proposed Divestment, SQG will be a subsidiary of the Company. The Company envisage the Proposed Divestment to be classified as a major transaction under Chapter 10 of the Catalist Rules and may also constitute an interested person transaction under Chapter 9 of the Catalist Rules. The Company will, through its Sponsor, consult the SGX-ST on the applicability of Chapter 9 of the Catalist Rules, and if necessary, on the applicability of Chapter 10 of the Catalist Rules. The Parties further acknowledge and understand that the Proposed Divestment may constitute a reverse-takeover for SQG pursuant tothe relevant regulations of the TSX Venture Exchange. The MOU does not constitute any legally binding obligations on the Company and the Purchaser (collectively,the &ldquo Parties&rdquo ). It is intended to be a basis for further negotiations between the Parties. 1 2 Rationale Upon the completion of the Proposed Divestment, the Parties plans to develop, produce and finance motion pictures and entertainment content targeted for the North American market, as well as develop other entertainment-related businesses inNorth America. The rationale mentioned above is in line with the Group&rsquo s strategy to diversify into the production and financing of US Hollywood movies, a major initiative that the Group plans to unveil in the near future. Consideration The Consideration for the Proposed Divestmentis as follows: (1) The price per share of the Sale Shares shall be no less than KRW 2,000 (equivalent to S$2.30) which is equivalent to the most recent significant transaction of the shares of Spackman Media Group that has been documented in public records. Accordingly, the Consideration shall be no less than KRW 27,936,076,000 (equivalent to S$32,126,487). (2) The issue price of the shares of the Purchaser to satisfy the Consideration will be discussed and agreed upon by the Parties, in accordance with TSX Venture Exchange regulations. The Consideration shall be further negotiated and agreed upon between the Purchaser and the Company. |
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jackjack
Veteran |
14-Aug-2020 00:17
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Where is this guy??? Talk about stupidity i think you are the most stupid. HAHAHAH
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jackjack
Veteran |
14-Aug-2020 00:16
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What did i say?? Issue share to burn millions every quarter. See for yourself
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jackjack
Veteran |
13-Aug-2020 15:15
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Good to hear that. Rather than some silly keep asking people to buy con man company stock. Now they have gone missing
Maybe going 0.001 and do share reconsolidation and continue shot down, since their floating share so much because of keep printing worthless stock
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toccatina
Member |
13-Aug-2020 14:35
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learnt my lesson here. cut my loss. | ||||
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destinykraze
Elite |
13-Aug-2020 14:26
Yells: "Reality is only a matter of perception" |
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Had 1 leg in the coffin before covid 19 started. Now? | ||||
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SmallSmall
Supreme |
13-Aug-2020 14:18
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Buyers building up @ $0.008. Massive accumulation at $0.008 for days. $0.009 will be cleared in few swops | ||||
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moonsun
Veteran |
13-Aug-2020 08:43
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Game over soon ? Conflict of interest between sponsor n catalist...
Following our report in January 2019 titled ?Where to, Catalist?? about Mainboard companies transferring to Catalist, we are pleased to release our latest report about the Catalist board titled ?Who?s Sponsoring Who? Challenges of the Catalist Board?. The report is co-authored by corporate governance advocate, A/P Mak Yuen Teen, of the NUS Business School, and Mr Chew Yi Hong, an active investor and researcher who holds an MBA with distinction from London Business School. Under the Catalist regime, full sponsors and continuing sponsors play important roles in the initial admission and continuing listing of an issuer. SGX relies extensively on them to help ensure that companies are suitable for listing and continue to comply with listing rules. The sponsor is effectively the frontline regulator on the Catalist board. The Catalist Rulebook contains extensive requirements regarding the independence of sponsors and that they have no conflicts of interest with the entities they sponsor. It states: ?A sponsor, its partners, directors, officers, registered professionals and employees must be able to demonstrate independence from the issuer at all times. The proof of independence, or absence of conflict, rests with the sponsor.? A Catalist company is to retain a continuing sponsor as long as it remains listed on Catalist. Our report focuses on these continuing sponsors. In addition to conflicts of interest due to business relationships between sponsors and the companies they sponsor, the fact that Catalist companies face few restrictions in changing the sponsor can also compromise the sponsor?s independence. A change in sponsor is a potential warning sign for Catalist companies, and multiple changes/short relationships between a company and sponsor are more likely to indicate problems with the issuer. KEY FINDINGS The following are the key findings from our study: As of May 2020, there were 215 companies listed on Catalist and 20 sponsors, with 16 full sponsors and four continuing sponsors. PrimePartners Corporate Finance Pte Ltd (PPCF), SAC Capital Private Limited (SACC) and RHT Capital Pte Ltd (RHTC) are the top 3, sponsoring 55 (~25%), 35 (~16%) and 25 (~12%) respectively Thirty eight companies or about 18% of Catalist issuers disclosed that they paid non-sponsor fees to their sponsor for the financial year covered. Another five issuers disclosed other fees paid to an affiliate of the sponsor which are not included in non-sponsor fees. Among the three most active sponsors, PPCF was most commonly paid fees for non-sponsor services by companies they sponsor. Seventeen ? or 30% - of their companies did so just for the one year which we considered. In most cases, the nature of the advisory services provided by PPCF was not disclosed and even where they were, there was little specific information provided. For companies with sponsors other than PPCF, the nature of non-sponsor services was disclosed in all cases involving large amounts paid to sponsors. Of the 25 issuers under RHTC as of May 2019, affiliate firms of RHTC provided corporate secretarial, investor relations and/or share registrar services for 10 of them. There were also several cases of current or recent relationships between directors of the sponsored issuers and the RHT Group companies, such as directors of sponsored issuers serving on boards of RHT affiliates or providing consulting services to these affiliates. Similar relationships were rare for other sponsors. 102 out of the 261 issuers included in our study, or 39%, have changed their sponsor at least once. 37 issuers have had at least three different sponsors since their listing on Catalist, with nine having four sponsors and two having five sponsors. Excluding delisted companies, companies that transferred to the Mainboard and ?forced? changes of sponsors that ceased their sponsorship business altogether, the overall average length of the relationship with the previous sponsors is 38 months. There are several issuers which have stayed with the same sponsor since 2008. Based on recent trends of termination of relationship with sponsors by issuers from January 2018 to July 2020, Novus Corporate Finance Pte. Ltd. (NCF) which was only authorised as a sponsor in June 2018 has been most successful in signing up new clients, followed by ZICO Capital (ZICO) and SACC. These three sponsors picked up 57% of issuers which changed sponsors during this period. The percentage changes in sponsor were 7% in 2018 and 8.4% in 2019. These are higher than the overall annual average over the 11-year period between 2008 and June 2019. Issuers currently sponsored by Asian Corporate Advisors (ACA), RHTC, Stamford Corporate Services (SCS) and ZICO underperform the overall median for corporate governance and financial performance indicators. In contrast, issuers under CIMB Bank and UOB Bank outperform the median. However, we should caution that this is based on only single-year indicators. Six individuals are currently named as the contact person from the sponsor for 10 or more issuers, with the highest number being 26 issuers for a registered professional from PPCF, while another registered professional is named as contact person for all 20 issuers currently sponsored by ZICO. This raises concerns about lack of transparency or ?busy? RPs who may not be able to adequately discharge their responsibilities. The report also includes a number of case studies which raise issues as to whether sponsors are able to adequately discharge their responsibilities. The Catalist rules for sponsors are also compared with those in UK, Hong Kong and Malaysia.
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jackjack
Veteran |
05-Aug-2020 11:04
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Danger and 22investment. Both trying to con ppl to buy their worthless stock
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FrancisLim
Elite |
04-Aug-2020 14:31
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Well said. Keep on placing shares at lower prices and tried to hype the share price for the private placees to unload. All these box offices, come to zero - no cashflow, no net income. Same old one pony trick - dilute the shares through share swaps with cos at inflated prices and not contributing income or cashflows. If the share price was cheap at above 10 cents, etc.. then let the CEO, ex CEO and ex CFO - still on the board - come in and buy the co shares. We can forget about the namesake... Do your due diligence. Fooled once, but done be fooled twice.
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SmallSmall
Supreme |
04-Aug-2020 14:09
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NEWS RELEASE SPACKMAN ENTERTAINMENT GROUP&rsquo S UPCOMING ART FILM, STONE SKIPPING, PRODUCED BY STUDIO TAKE, TO BE RELEASED IN KOREA ON 9 SEPTEMBER 2020 STONE SKIPPING, a human drama film , is the first production of the Company&rsquo s wholly‐ owned indirect subsidiary, Studio Take, founded by veteran movie producer, Mr. Song Dae‐ chan STONE SKIPPING was screened at the 23rd Busan International Film Festival in October 2018, and expected to be released in Korea on 9 September 2020 Singapore, 4 August 2020 &ndash Spackman Entertainment Group Limited (&ldquo Spackman Entertainment Group&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ), wishes to announce that the Group&rsquo s new art film, STONE SKIPPING, produced by the Company&rsquo s wholly‐ owned indirect subsidiary, Studio Take Co., Ltd. (&ldquo Studio Take&rdquo ) is scheduled to be released in Korea on 9 September 2020. STONE SKIPPING is the first production to be released by Studio Take. The human drama film stars Kim Dae‐ Myung of GOLDEN SLUMBER (2017) & BLUEBEARD (2017), Jeon Chae‐ eun of ANNE OF GREEN GABLES (MUSICAL) (2017), Kim Eui‐ sung of TRAIN TO BUSAN (2016) & GOLDEN SLUMBER (2017) and Song Yun‐ ah of THE K2 (2016). The story of STONE SKIPPING revolves around an unforeseen friendship between Suk‐ Gu (played by Kim Dae‐ Myung), an adult with an intellectual disability running a rice mill in a small village, and Eun‐ Ji (played by Jeon Chae‐ eun), a runaway teenage girl from the city looking for her father. One day, an unexpected incident at the rice mill leads to their world falling apart. STONE SKIPPING is directed by Kim Jung‐ sik and distributed by Little Big Pictures. For more information on STONE SKIPPING and its official trailer, visit the Group&rsquo s website at http://www.spackmanentertainment.com |
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SmallSmall
Supreme |
03-Aug-2020 13:03
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NEWS RELEASE KOREAN SUPERSTAR, YOO AH-IN OF SPACKMAN ENTERTAINMENT GROUP&rsquo S ASSOCIATED COMPANY, SPACKMAN MEDIA GROUP, TOSTAR IN NETFLIX&rsquo S NEW KOREAN ORIGINAL SERIES, HELLBOUND &bull Directed by Yeon Sang-ho of TRAIN TO BUSAN (2016) and PENINSULA (2020), HELLBOUND will be headlined by Yoo Ah-in of the Group&rsquo s associated company, Spackman Media Group &bull HELLBOUND, which is produced by Lezhin Studio, will be available exclusively on Netflix Singapore, 3 August 2020 &ndash Spackman Entertainment Group Limited (&ldquo Spackman Entertainment Group&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ), wishes to announce that Korea&rsquo s leading actor Yoo Ah-in of the Group&rsquo s associated company, Spackman Media Group Limited (&ldquo Spackman Media Group&rdquo ) shall star in Netflix&rsquo s new Korean original series, HELLBOUND. HELLBOUND is a drama depicting the story of supernatural angels appearing out of nowhere to condemn people to hell. In HELLBOUND, Yoo Ah-in of Spackman Media Group, who recently headlined the Group&rsquo s film #ALIVE (2020) and named one of &ldquo THE BEST ACTORS OF 2018&rdquo by the New York Times, portrays Jeong Jin-su, the charismatic and mysterious head of the New Truth Church. As the angels of death arrive, the New Truth Church leads a religious crusade proclaiming that these visits are the will of the divine1. Alongside Yoo Ah-in, other cast members include Park Jeong-min (TIME TO HUNT, START-UP, SVAHA: THE SIXTH FINGER), Kim Hyun-joo (WATCHER, I HAVE A LOVER), Won Jin-ah (STEEL RAIN, THE AGE OF SHADOWS) and Yang Ik-june (BAD GUYS: VILE CITY, BREATHLESS). Yoo Ah-in is represented by UAA& CO Inc., a subsidiary of Spackman Media Group, which also manages iconic Korean actress Song Hye-kyo of DESCENDANTS OF THE SUN (2016) and popular Korean actor Park Hyung-sik of SUITS (2018). |
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morgany
Veteran |
03-Aug-2020 10:42
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Hi friends, Danger is in hidding mode...from Ah Long!!! If you are holding Spackman, just keep holding it....treat it as something you wasted in life...don' t moan about it....
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tangoanna
Master |
03-Aug-2020 10:14
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Paging for DANGER. WHAT HAPPENED TO THE BUY QUEUE at 0.008? 0.007 COMING?
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SmallSmall
Supreme |
27-Jul-2020 09:27
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Relax. Low enough will rebound. Every stock will have its moment. This one got to wait for the listed Korean company to seal its deal with Spackman if it materilaises in the first place. | ||||
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