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RedEye1811 Master	28-Jul 12:05        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Swiber owned about 26% - 27% of Vallianz. Do not think having entered provisional liquidation they permitted to sell stake in Vallianz without liquidator authorization, and do not think that will happen. But I not legal expert so may be wrong. teeth53      ( Date: 28-Jul-2016 11:59) Posted: Think....is abit late now. :(( yyhwin      ( Date: 28-Jul-2016 11:55) Posted: Not 100% owned. I suspect they are selling their stake in Vallianz now to raise cash? Coz according to the share issued etc, if they sell vallianz now, they should be able to get back some cash.
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FATABA Supreme	28-Jul-2016 12:04        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Thks ED ..25% ownership is majr shareholder.....so if S is liquidated.....Valliance has to be halt. ​ Cant see why S/SGX didnt requested this ....25% of V shares is affected . teeth53      ( Date: 28-Jul-2016 11:55) Posted: Ya...very correct. :( earlybird14      ( Date: 28-Jul-2016 09:26) Posted: Swiber only hold 25% of Vallianz. But if Vallianz is the one cannot pay the debt, next will be them
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jackson5 Master	28-Jul-2016 12:03        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Liquidator will do the job !
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sheerluck Supreme	28-Jul-2016 12:03        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	That' s why I said " under the cover of technicality" .  Say you own some shares in Sauybo and you bankrupt, SGX needs to do anything about it?  No because your bankruptcy in in you own personal capacity.  FATABA      ( Date: 28-Jul-2016 11:53) Posted: Correct me if I am wrong ...officially Swiber owns Valliance ( % ) ...so if Swiber is Chap11, all their assets would be under bank liquidation ...unless they are NOT a major shareholder.  Anyone can confirm the % ownership here . ​ So SGX can say they dont know? sheerluck      ( Date: 28-Jul-2016 10:28) Posted: Officially V and S are separate entity listed in SGX.  So SGX can, under the cover of technicality, be ignorance about their " relationship" .
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teeth53 Supreme	28-Jul-2016 11:59        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Think....is abit late now. :(( yyhwin      ( Date: 28-Jul-2016 11:55) Posted: Not 100% owned. I suspect they are selling their stake in Vallianz now to raise cash? Coz according to the share issued etc, if they sell vallianz now, they should be able to get back some cash. FATABA      ( Date: 28-Jul-2016 11:53) Posted: Correct me if I am wrong ...officially Swiber owns Valliance ( % ) ...so if Swiber is Chap11, all their assets would be under bank liquidation ...unless they are NOT a major shareholder.  Anyone can confirm the % ownership here . ​ So SGX can say they dont know?
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teeth53 Supreme	28-Jul-2016 11:57        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	File for bankrupt..???? Siwomp      ( Date: 28-Jul-2016 09:16) Posted: Agreed....... sad day for those vested. earlybird14      ( Date: 28-Jul-2016 09:09) Posted: Don't expect so much. If the assets can borrow more money, they won't file liquidation with 25mio debt repayment. Banks already calculated all, so basically, nothing left to shareholders. The assets in balance sheet doesn't reflect the actual market value when most of the vessels are laid off without jobs
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teeth53 Supreme	28-Jul-2016 11:55        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Ya...very correct. :( earlybird14      ( Date: 28-Jul-2016 09:26) Posted: Swiber only hold 25% of Vallianz. But if Vallianz is the one cannot pay the debt, next will be them. FATABA      ( Date: 28-Jul-2016 09:22) Posted: Any idea why Variance is not halt ?  Swiber owns them so if swiber is c11....Variance shld be affected ?
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yyhwin Elite	28-Jul-2016 11:55        yyhwin About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Not 100% owned. I suspect they are selling their stake in Vallianz now to raise cash? Coz according to the share issued etc, if they sell vallianz now, they should be able to get back some cash. FATABA      ( Date: 28-Jul-2016 11:53) Posted: Correct me if I am wrong ...officially Swiber owns Valliance ( % ) ...so if Swiber is Chap11, all their assets would be under bank liquidation ...unless they are NOT a major shareholder.  Anyone can confirm the % ownership here . ​ So SGX can say they dont know? sheerluck      ( Date: 28-Jul-2016 10:28) Posted: Officially V and S are separate entity listed in SGX.  So SGX can, under the cover of technicality, be ignorance about their " relationship" .
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FATABA Supreme	28-Jul-2016 11:53        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Correct me if I am wrong ...officially Swiber owns Valliance ( % ) ...so if Swiber is Chap11, all their assets would be under bank liquidation ...unless they are NOT a major shareholder.  Anyone can confirm the % ownership here . ​ So SGX can say they dont know? sheerluck      ( Date: 28-Jul-2016 10:28) Posted: Officially V and S are separate entity listed in SGX.  So SGX can, under the cover of technicality, be ignorance about their " relationship" . FATABA      ( Date: 28-Jul-2016 10:22) Posted: VERY surprise Variance is NOT halted? ...and SGX remains quiet.  Still trading as top volume. ​ OMG what is our market doing .....:((
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teeth53 Supreme	28-Jul-2016 11:52        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	johnng      ( Date: 28-Jul-2016 10:02) Posted: 10:15 will halt?
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Macqueen Master	28-Jul-2016 11:50        Macqueen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why can't SW file for JM sheerluck      ( Date: 28-Jul-2016 11:40) Posted: Should penalised all these directors for failing their DD or the lack of and bar them from being director for lives.  Earned million dollar as fee and what did they do to protect shareholders interest?  SG is so hands-on in making its common folks behave well but so hands-off when it come to these " top people" . GuavaXF30      ( Date: 28-Jul-2016 11:20) Posted: Just heard SGX launching investigation into  Swiber as well. Typical SGX. Investigate ? Might as well call postmortem.
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pinkowl Supreme	28-Jul-2016 11:50        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Said $21 million termination of contract is immaterial. But liquidate due to mere $26 million in letters of demand. Cannot issue rights meh?  sheerluck      ( Date: 28-Jul-2016 11:40) Posted: Should penalised all these directors for failing their DD or the lack of and bar them from being director for lives.  Earned million dollar as fee and what did they do to protect shareholders interest?  SG is so hands-on in making its common folks behave well but so hands-off when it come to these " top people" . GuavaXF30      ( Date: 28-Jul-2016 11:20) Posted: Just heard SGX launching investigation into  Swiber as well. Typical SGX. Investigate ? Might as well call postmortem.
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sheerluck Supreme	28-Jul-2016 11:40        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	Should penalised all these directors for failing their DD or the lack of and bar them from being director for lives.  Earned million dollar as fee and what did they do to protect shareholders interest?  SG is so hands-on in making its common folks behave well but so hands-off when it come to these " top people" . GuavaXF30      ( Date: 28-Jul-2016 11:20) Posted: Just heard SGX launching investigation into  Swiber as well. Typical SGX. Investigate ? Might as well call postmortem. sheerluck      ( Date: 28-Jul-2016 10:28) Posted: Officially V and S are separate entity listed in SGX.  So SGX can, under the cover of technicality, be ignorance about their " relationship" .
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GuavaXF30 Elite	28-Jul-2016 11:20        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just heard SGX launching investigation into  Swiber as well. Typical SGX. Investigate ? Might as well call postmortem. sheerluck      ( Date: 28-Jul-2016 10:28) Posted: Officially V and S are separate entity listed in SGX.  So SGX can, under the cover of technicality, be ignorance about their " relationship" . FATABA      ( Date: 28-Jul-2016 10:22) Posted: VERY surprise Variance is NOT halted? ...and SGX remains quiet.  Still trading as top volume. ​ OMG what is our market doing .....:((
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sheerluck Supreme	28-Jul-2016 11:14        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	From their AR, Valiianz and The French Chicken Group. FATABA      ( Date: 28-Jul-2016 10:24) Posted: Yes, beside Variance and Swiber ....I dont know what other companies they are involved or owned......maybe helpful if someone can list them here. ​ WILL STAY AWAY FROM THEM ... pinkowl      ( Date: 28-Jul-2016 10:22) Posted: Correct. Must remember their names.
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sheerluck Supreme	28-Jul-2016 10:28        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	Officially V and S are separate entity listed in SGX.  So SGX can, under the cover of technicality, be ignorance about their " relationship" . FATABA      ( Date: 28-Jul-2016 10:22) Posted: VERY surprise Variance is NOT halted? ...and SGX remains quiet.  Still trading as top volume. ​ OMG what is our market doing .....:(( sheerluck      ( Date: 28-Jul-2016 10:17) Posted: Even though this shit happened, the info is useful.  Now need to track which other companies these people are director in and you know how well your ineterst are safeguarded.
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alexchew Master	28-Jul-2016 10:27        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think one important thing to consider is, are there O& G shares of the various counters that are pledged to banks by the owners? with this wind up, many will be force sold by banks if the owners cant make up the difference. This will trigger the next wave.
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FATABA Supreme	28-Jul-2016 10:24        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Yes, beside Variance and Swiber ....I dont know what other companies they are involved or owned......maybe helpful if someone can list them here. ​ WILL STAY AWAY FROM THEM ... pinkowl      ( Date: 28-Jul-2016 10:22) Posted: Correct. Must remember their names. sheerluck      ( Date: 28-Jul-2016 10:17) Posted: Even though this shit happened, the info is useful.  Now need to track which other companies these people are director in and you know how well your ineterst are safeguarded.
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alexchew Master	28-Jul-2016 10:23        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	our market doing what it always does.   Predictability.. No interference by regulators, let the market decide on its own.
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FATABA Supreme	28-Jul-2016 10:22        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	VERY surprise Variance is NOT halted? ...and SGX remains quiet.  Still trading as top volume. ​ OMG what is our market doing .....:(( sheerluck      ( Date: 28-Jul-2016 10:17) Posted: Even though this shit happened, the info is useful.  Now need to track which other companies these people are director in and you know how well your ineterst are safeguarded. novena_33      ( Date: 28-Jul-2016 10:13) Posted: these guys just leave behind a pile of shit for other to clean or catch...and the go off to look for new company to work...or play golf....wtfish....
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