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investshare Supreme	30-Jul-2016 08:05        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed. I think DBS will be worse off going this way. HazardKoh      ( Date: 29-Jul-2016 23:38) Posted: Some creditors might think  by  allowing the company to continue, it may just get worse and they may get back even lesser or nothing next time  as the company will  keep making loss if oil price remains at this level until become negative NTA then even worse. I think the only hope is unless the oil price shoot up suddenly within the next 1 mth to say $60+   Qanghoo      ( Date: 29-Jul-2016 23:26) Posted: I think the latest filing by the coy was for a demand > 200 mil.  Suddenly, the demands have started piling up.  Sounds like Swiber is really cash strapped.  But there appears a small ray of hope, given that some creditors might probably loosen their noose on the coy n maybe renegotiate a re-scheduling of some payments?  These creditors probably figured that there' s a chance that if they keep the coy going, they cld better recover their loans eventually.  Then again, not all creditors might agree n, in the end, the liquidation appln cld still go through.  For those vested, let' s keep our fingers crossed for everyone.
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seanpent Supreme	30-Jul-2016 07:53        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	You hit the point, bro ..... "liquidation appln cld still go through" ..... this period of buying time is probably an opportunity for those who have yet to exit Swiber, can do so ..... Qanghoo      ( Date: 29-Jul-2016 23:26) Posted: I think the latest filing by the coy was for a demand > 200 mil.  Suddenly, the demands have started piling up.  Sounds like Swiber is really cash strapped.  But there appears a small ray of hope, given that some creditors might probably loosen their noose on the coy n maybe renegotiate a re-scheduling of some payments?  These creditors probably figured that there' s a chance that if they keep the coy going, they cld better recover their loans eventually.  Then again, not all creditors might agree n, in the end, the liquidation appln cld still go through.  For those vested, let' s keep our fingers crossed for everyone.  pinkowl      ( Date: 29-Jul-2016 18:40) Posted: To close shop because of 26m debt is a joke. Wonder what other skeletons are in the wardrobe to cause the mgmt to resort to such drastic option.
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seanpent Supreme	30-Jul-2016 07:34        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is it like inviting more shareholders money to repay debts ? Trying to understand more ..... hem2998      ( Date: 29-Jul-2016 17:16) Posted: liquidation means write off... JM means issue notes and bonds and recapitalise.....   shareholders $1 will become $0.00001    Just4win      ( Date: 29-Jul-2016 17:09) Posted: From business times, swiber lenders are said to be in talks with firm to drop liquidation bid.. Banks are pushing for jm instead. So any difference to shareholders ? For employers, at least got hope.
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Luckystrike Veteran	30-Jul-2016 07:33        Luckystrike About Contact  Quote this Post!
x 0   x 0  Alert Admin	So tug of war among creditors to decide JM or liquidation. The banks, the largest creditors, will form alliance to force all creditors to accept JM. sheerluck      ( Date: 29-Jul-2016 23:38) Posted: Wow must have ready my posting! CFO actually didn' t resign leh.  Still with company. Anyway coy going for JM but letter of demand piling up. sheerluck      ( Date: 29-Jul-2016 19:15) Posted: Francis Wong - VC Leonard Tay - CFO These are key mgmt people.  They jump ship because this path is easier for them.  The other path obviously is the difficult one.  Very irresponsible.  Shareholders must take class action against these people.  Also CFO should know the financial health of the company very well.  He must be awared how " good" Swiber financial health is from miles away.  If he doesn' t why is he getting the level of pay.  He should be penalised x10 and cough back every single cent and all the petty cash as well.
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Luckystrike Veteran	30-Jul-2016 07:26        Luckystrike About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another sad example of "do not love stock". enjoylife77      ( Date: 30-Jul-2016 05:39) Posted: A high flyer at $7.50 back in 2007 and now crashed to 10cents in an insolvent state. can confirm shareholder fund, which is last in the queue,   will be totally wipe out.  If you are still holding other O& G counter, better be defensive. Buy into a business model that you can easily understand.
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enjoylife77 Veteran	30-Jul-2016 05:39        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	A high flyer at $7.50 back in 2007 and now crashed to 10cents in an insolvent state. can confirm shareholder fund, which is last in the queue,   will be totally wipe out.  If you are still holding other O& G counter, better be defensive. Buy into a business model that you can easily understand.
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HazardKoh Master	30-Jul-2016 01:25        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	wonder if they need to be investigating?? becos by announcing a bad news it cause the market to drop and some shares to drop greatly like vallianz.. then just 2 days later they change and annouce " good" news  and may make share price of some other related counters rise. hmm.. not market manipulation meh? We saw this type of thing before xuxuxu      ( Date: 30-Jul-2016 00:24) Posted: Brilliant la, act to die first then come back alive, villain become hero for stock holders miumiu      ( Date: 30-Jul-2016 00:16) Posted: Seems like a$swibe-r got the banks by their balls.... Rouge management team
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pinkowl Supreme	30-Jul-2016 00:55        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Like watching drama like that.... xuxuxu      ( Date: 30-Jul-2016 00:24) Posted: Brilliant la, act to die first then come back alive, villain become hero for stock holders miumiu      ( Date: 30-Jul-2016 00:16) Posted: Seems like a$swibe-r got the banks by their balls.... Rouge management team
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sriramanv Master	30-Jul-2016 00:30        sriramanv About Contact  Quote this Post!
x 0   x 0  Alert Admin	should get the bank by their balls lah... hope others dont follow the same technique...
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xuxuxu Senior	30-Jul-2016 00:24        xuxuxu About Contact  Quote this Post!   Yells: "Flow With The Money"
x 0   x 0  Alert Admin	Brilliant la, act to die first then come back alive, villain become hero for stock holders miumiu      ( Date: 30-Jul-2016 00:16) Posted: Seems like a$swibe-r got the banks by their balls.... Rouge management team
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miumiu Veteran	30-Jul-2016 00:16        miumiu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems like a$swibe-r got the banks by their balls.... Rouge management team
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zandlery Supreme	30-Jul-2016 00:10        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	if you say oil price start to chiong on Monday is more realistic sriramanv      ( Date: 30-Jul-2016 00:04) Posted: monday all O& G counters chiong...
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sriramanv Master	30-Jul-2016 00:04        sriramanv About Contact  Quote this Post!
x 0   x 0  Alert Admin	monday all O& G counters chiong...
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zandlery Supreme	29-Jul-2016 23:38        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	look like still hope for Swiber share holder....application for Judical Management..............
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sheerluck Supreme	29-Jul-2016 23:38        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	Wow must have ready my posting! CFO actually didn' t resign leh.  Still with company. Anyway coy going for JM but letter of demand piling up. sheerluck      ( Date: 29-Jul-2016 19:15) Posted: Francis Wong - VC Leonard Tay - CFO These are key mgmt people.  They jump ship because this path is easier for them.  The other path obviously is the difficult one.  Very irresponsible.  Shareholders must take class action against these people.  Also CFO should know the financial health of the company very well.  He must be awared how " good" Swiber financial health is from miles away.  If he doesn' t why is he getting the level of pay.  He should be penalised x10 and cough back every single cent and all the petty cash as well.
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HazardKoh Master	29-Jul-2016 23:38        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some creditors might think  by  allowing the company to continue, it may just get worse and they may get back even lesser or nothing next time  as the company will  keep making loss if oil price remains at this level until become negative NTA then even worse. I think the only hope is unless the oil price shoot up suddenly within the next 1 mth to say $60+   Qanghoo      ( Date: 29-Jul-2016 23:26) Posted: I think the latest filing by the coy was for a demand > 200 mil.  Suddenly, the demands have started piling up.  Sounds like Swiber is really cash strapped.  But there appears a small ray of hope, given that some creditors might probably loosen their noose on the coy n maybe renegotiate a re-scheduling of some payments?  These creditors probably figured that there' s a chance that if they keep the coy going, they cld better recover their loans eventually.  Then again, not all creditors might agree n, in the end, the liquidation appln cld still go through.  For those vested, let' s keep our fingers crossed for everyone.  pinkowl      ( Date: 29-Jul-2016 18:40) Posted: To close shop because of 26m debt is a joke. Wonder what other skeletons are in the wardrobe to cause the mgmt to resort to such drastic option.
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Qanghoo Supreme	29-Jul-2016 23:26        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think the latest filing by the coy was for a demand > 200 mil.  Suddenly, the demands have started piling up.  Sounds like Swiber is really cash strapped.  But there appears a small ray of hope, given that some creditors might probably loosen their noose on the coy n maybe renegotiate a re-scheduling of some payments?  These creditors probably figured that there' s a chance that if they keep the coy going, they cld better recover their loans eventually.  Then again, not all creditors might agree n, in the end, the liquidation appln cld still go through.  For those vested, let' s keep our fingers crossed for everyone.  pinkowl      ( Date: 29-Jul-2016 18:40) Posted: To close shop because of 26m debt is a joke. Wonder what other skeletons are in the wardrobe to cause the mgmt to resort to such drastic option. Zelphon      ( Date: 29-Jul-2016 18:11) Posted: http://www.businesstimes.com.sg/companies-markets/swiber-lenders-said-in-talks-with-firm-to-drop-liquidation-bid
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Luckystrike Veteran	29-Jul-2016 22:05        Luckystrike About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not only the said investigation takes so long. Other investigation such Sun Empire also took sometimes. One Australian ever commented that in Australia it usually only takes few months times. I think it may be due to manpower shortage. However, it will not bode well as regards to our image. ysh2006      ( Date: 29-Jul-2016 21:52) Posted: After three years still have not completed the investigation.....BAL, at today AGM of Liongold, investors asked chairman whether this saga over,  his replied still investigation no news......maybe no new would be investor dare to go in ... pinkowl      ( Date: 29-Jul-2016 20:35) Posted: Read that if securities act was breached, company will be penalised provided it's financially viable which in this case is not. Director will be banned from assuming director role for 3 years. So in the end, we still the one to be penalised coz company funds come from shareholders.
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edwinjup Supreme	29-Jul-2016 21:55        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	ABL ...heard aug hearing...tbc.. ysh2006      ( Date: 29-Jul-2016 21:52) Posted: After three years still have not completed the investigation.....BAL, at today AGM of Liongold, investors asked chairman whether this saga over,  his replied still investigation no news......maybe no new would be investor dare to go in ... pinkowl      ( Date: 29-Jul-2016 20:35) Posted: Read that if securities act was breached, company will be penalised provided it's financially viable which in this case is not. Director will be banned from assuming director role for 3 years. So in the end, we still the one to be penalised coz company funds come from shareholders.
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ysh2006 Supreme	29-Jul-2016 21:52        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	After three years still have not completed the investigation.....BAL, at today AGM of Liongold, investors asked chairman whether this saga over,  his replied still investigation no news......maybe no new would be investor dare to go in ... pinkowl      ( Date: 29-Jul-2016 20:35) Posted: Read that if securities act was breached, company will be penalised provided it's financially viable which in this case is not. Director will be banned from assuming director role for 3 years. So in the end, we still the one to be penalised coz company funds come from shareholders. SeePehJiaLat      ( Date: 29-Jul-2016 20:23) Posted: not sure if any of the investigation will find anything. If anyone has any idea on how we should pursue as a investor to get justice done on company disclosure issue, etc., please do share with all and how we can take class action.....
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