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EAGLE Hosp Reit US$ @$0.780 cents Post Reply Rate topic
laksaman57 Supreme	18-May-2020 16:36        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The faster it liquidate, the lesser accumulated cost from operation, maintenance, bank interest, legal, etc. Maybe got Toastbox mee rebus set money left. uiop1223      ( Date: 18-May-2020 07:25) Posted: Where does the fines go to? Fill up pockets of MAS? Its shareholders who suffered loss leh
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laksaman57 Supreme	18-May-2020 13:45        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	With Urban Commons Howard Wu & Taylor Wood sitting in EHT Board of Mgt AND Urban Commons ex-president cum  CFO Salvatore  G. Takoushian now being CEO of EHT,   EHT will be much much much worst than Sabana reit. SGX, MAS & SIAS did nothing for Sabana reit. Only when a brave group of unitholders  took action and later with a change of CEO, then the reit made a turn around.   lawrence83      ( Date: 18-May-2020 12:14) Posted: The issue here is that you have the 2 UC guys controlling the EHT manager. Why they just write it off like that without asking the money back ? Actually the action taken against reit mgr and their relationship is too slow. The UC guy already suxk the EHT dry till nothing left. Haiz...just surprise how they allow this to happen. This is even worse than MIDAS and hyflux laksaman57      ( Date: 18-May-2020 10:20) Posted: Master lessee, Urban Commons, uses EHT properties and has collected rental money, so isn' t it possible to sue Urban Commons to recover the money they collected? Everyone suing EHT to recover money yet EHT don' t sue Urban Commons. So strange. Is it because it' s being blocked by Urban Commons sitting in EHT management ?
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lawrence83 Senior	18-May-2020 12:14        lawrence83 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The issue here is that you have the 2 UC guys controlling the EHT manager. Why they just write it off like that without asking the money back ? Actually the action taken against reit mgr and their relationship is too slow. The UC guy already suxk the EHT dry till nothing left. Haiz...just surprise how they allow this to happen. This is even worse than MIDAS and hyflux laksaman57      ( Date: 18-May-2020 10:20) Posted: Master lessee, Urban Commons, uses EHT properties and has collected rental money, so isn' t it possible to sue Urban Commons to recover the money they collected? Everyone suing EHT to recover money yet EHT don' t sue Urban Commons. So strange. Is it because it' s being blocked by Urban Commons sitting in EHT management ? lawrence83      ( Date: 18-May-2020 08:25) Posted: The issue now is EHT had liquidity problem. In few month, cash drop from USD 30M to USD 4M. Now with more than USD 341 owed and no income and difficult to sell the asset due to the environment. So even if NAV is USD 0.83 also no use. If MAS just do fine without anything for investors, I will be disappointed in sg stock market. Let's do our part by joing the Facebook group created by our former. let's replace the reit mgr
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Peter88 Senior	18-May-2020 11:11        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	DBS is almost untouchable , who is behind DBS , know the answer now ?
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Peter88 Senior	18-May-2020 11:01        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The 2 guys from UC really daring , just do what they want , because they know ourcregulators are for show only , no balls to catch them.
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mrwise Supreme	18-May-2020 10:49        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	No use one... Same like Hyflux case...all retail investors drown together....who is the winner...u guess??    Goldfinger      ( Date: 18-May-2020 10:32) Posted: If DBS does not provide redress and remediation if any wrong is proven - the biggest stick that MAS can wield here in this case is suspending or revoking DBS licence/exemption under the SFA to conduct Corporate Finane, underwriting and placement activities.  This will be a horrible unimaginable loss to the bank particularly given the lucrative share placement and underwriting business which comes hand in hand typically with IPO Management. QianDEY      ( Date: 18-May-2020 02:29) Posted: If DBS was found negligence in its IPO duty , I believe regulator will be in position to take appropriate action against the bank... As for bank to be sued (by investors?) will be a separate issue altogether. On the other hand I am not certain if there is any by-law to enforce bank to compensate investors. Probably this needs MAS or SGX to confirm. **Like wise in HK scenario, their Financial watchdog SFC has fined 10 banks almost HK$1 billion for IPO failures. In particular there was instance of IPO collapsed shortly after its listing, the bank fined but there is no mandate of investors got compensated
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prophetjul Master	18-May-2020 10:45        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	Interested person transactions as a result of the entry into the Further Non-Disturbance Agreements (a) Chapter 9 of the Listing Manual (the &ldquo Listing Manual&rdquo ) of the Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) specifies rules to guard against the risk that &ldquo interested persons&rdquo (which includes in the case of a REIT, a director or controlling shareholder of the REIT manager and their associates) could influence an &ldquo entity at risk&rdquo (which includes the issuer and its subsidiaries) to enter into transactions with interested persons that may adversely affect the interests of the issuer or its shareholders. (b) As each of the abovementioned Master Lessors is a subsidiary of EHT, they are considered as &ldquo entities at risk&rdquo pursuant to Rule 904(2)(b) of the Listing Manual. As Mr Howard Wu and Mr Taylor Woods (the Non-Independent and Non-Executive Chairman and Deputy Chairman respectively) (the &ldquo Sponsor Directors&rdquo ) are the indirect controlling shareholders of the REIT Manager and Urban Commons, LLC (the &ldquo Sponsor&rdquo ) and each of the abovementioned Master Lessees (being wholly-owned subsidiaries of the Sponsor), each Master Lessee is an associate of the Sponsor Directors and thus an &ldquo interested person&rdquo under Rule 904(4)(b)(iii) of the Listing Manual. Accordingly, the Further NonDisturbance Agreements which were executed by the Sponsor Directors on behalf of both  https://investor.eagleht.com/newsroom/20200515_223833_LIW_6JA9TZGZMNLJ642X.1.pdf
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Goldfinger Supreme	18-May-2020 10:32        Goldfinger About Contact  Quote this Post!
x 0   x 1  Alert Admin	If DBS does not provide redress and remediation if any wrong is proven - the biggest stick that MAS can wield here in this case is suspending or revoking DBS licence/exemption under the SFA to conduct Corporate Finane, underwriting and placement activities.  This will be a horrible unimaginable loss to the bank particularly given the lucrative share placement and underwriting business which comes hand in hand typically with IPO Management. QianDEY      ( Date: 18-May-2020 02:29) Posted: If DBS was found negligence in its IPO duty , I believe regulator will be in position to take appropriate action against the bank... As for bank to be sued (by investors?) will be a separate issue altogether. On the other hand I am not certain if there is any by-law to enforce bank to compensate investors. Probably this needs MAS or SGX to confirm. **Like wise in HK scenario, their Financial watchdog SFC has fined 10 banks almost HK$1 billion for IPO failures. In particular there was instance of IPO collapsed shortly after its listing, the bank fined but there is no mandate of investors got compensated* laksaman57      ( Date: 17-May-2020 09:29) Posted: Only reprimanded ? Can DBS be sued
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laksaman57 Supreme	18-May-2020 10:20        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Master lessee, Urban Commons, uses EHT properties and has collected rental money, so isn' t it possible to sue Urban Commons to recover the money they collected? Everyone suing EHT to recover money yet EHT don' t sue Urban Commons. So strange. Is it because it' s being blocked by Urban Commons sitting in EHT management ? lawrence83      ( Date: 18-May-2020 08:25) Posted: The issue now is EHT had liquidity problem. In few month, cash drop from USD 30M to USD 4M. Now with more than USD 341 owed and no income and difficult to sell the asset due to the environment. So even if NAV is USD 0.83 also no use. If MAS just do fine without anything for investors, I will be disappointed in sg stock market. Let's do our part by joing the Facebook group created by our former. let's replace the reit mgr. QianDEY      ( Date: 18-May-2020 03:31) Posted: Had anyone read the StraitsTime article on" EHT posts US8.9m Q1 loss" Or the EHT Q1 announcement ?.?..It was reported that as at 31 March, the EHT's NAV stands at US0.83. It was also reported that there is growing concern of EHT not being able to operate. So, If US0.83 reflects the true and accurate value of an entity's assets minus the value of its liabilities...... Is liquidation an option ? (further haircuts needed by taking into account of current depressed market sentiment) At least we as an investor still get some money back.
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lawrence83 Senior	18-May-2020 08:25        lawrence83 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The issue now is EHT had liquidity problem. In few month, cash drop from USD 30M to USD 4M. Now with more than USD 341 owed and no income and difficult to sell the asset due to the environment. So even if NAV is USD 0.83 also no use. If MAS just do fine without anything for investors, I will be disappointed in sg stock market. Let's do our part by joing the Facebook group created by our former. let's replace the reit mgr. QianDEY      ( Date: 18-May-2020 03:31) Posted: Had anyone read the StraitsTime article on" EHT posts US8.9m Q1 loss" Or the EHT Q1 announcement ?.?..It was reported that as at 31 March, the EHT's NAV stands at US0.83. It was also reported that there is growing concern of EHT not being able to operate. So, If US0.83 reflects the true and accurate value of an entity's assets minus the value of its liabilities...... Is liquidation an option ? (further haircuts needed by taking into account of current depressed market sentiment) At least we as an investor still get some money back.
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uiop1223 Supreme	18-May-2020 07:25        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where does the fines go to? Fill up pockets of MAS? Its shareholders who suffered loss leh
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QianDEY Member	18-May-2020 03:31        QianDEY About Contact  Quote this Post!
x 0   x 0  Alert Admin	Had anyone read the StraitsTime article on" EHT posts US8.9m Q1 loss" Or the EHT Q1 announcement ?.?..It was reported that as at 31 March, the EHT's NAV stands at US0.83. It was also reported that there is growing concern of EHT not being able to operate. So, If US0.83 reflects the true and accurate value of an entity's assets minus the value of its liabilities...... Is liquidation an option ? (further haircuts needed by taking into account of current depressed market sentiment) At least we as an investor still get some money back.
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QianDEY Member	18-May-2020 02:29        QianDEY About Contact  Quote this Post!
x 0   x 0  Alert Admin	If DBS was found negligence in its IPO duty , I believe regulator will be in position to take appropriate action against the bank... As for bank to be sued (by investors?) will be a separate issue altogether. On the other hand I am not certain if there is any by-law to enforce bank to compensate investors. Probably this needs MAS or SGX to confirm. **Like wise in HK scenario, their Financial watchdog SFC has fined 10 banks almost HK$1 billion for IPO failures. In particular there was instance of IPO collapsed shortly after its listing, the bank fined but there is no mandate of investors got compensated* laksaman57      ( Date: 17-May-2020 09:29) Posted: Only reprimanded ? Can DBS be sued ? QianDEY      ( Date: 16-May-2020 15:57) Posted: Yes. Any of the market listing criteria not met should not had it listed in the first place...... What's the rush? Unless there was something untold. Be it the bank or sponsor.. ..... Whatever the outcome of this restructuring , if it was the bank failure on its duty, the bank should be reprimanded by the regulator to deter future recurrence of the same
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Calmroom Master	17-May-2020 12:41        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	In my humble opinion, it may be best to wait to see if MAS issues a public rebuke and imposes harsh penalties on the Trustee. And if CAD gets involved. If I remember correctly, DBS spent more than 370m just doing share buybacks up till Mar. This despite a worsening virus outbreak. It would be tough for anyone not ultra rich to outlast a powerful defendant.   laksaman57      ( Date: 17-May-2020 09:29) Posted: Only reprimanded ? Can DBS be sued ? QianDEY      ( Date: 16-May-2020 15:57) Posted: Yes. Any of the market listing criteria not met should not had it listed in the first place...... What's the rush? Unless there was something untold. Be it the bank or sponsor.. ..... Whatever the outcome of this restructuring , if it was the bank failure on its duty, the bank should be reprimanded by the regulator to deter future recurrence of the same
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Peter88 Senior	17-May-2020 12:29        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Contact Lim Tean , he can do it with a token of S$1.00 fees . rockyB      ( Date: 17-May-2020 02:58) Posted: created a fb group, lets get together to discuss our options or even what on earth is happening https://www.facebook.com/groups/191195181990297
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Peter88 Senior	17-May-2020 10:50        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	DBS bring this scam to investors here . laksaman57      ( Date: 17-May-2020 09:29) Posted: Only reprimanded ? Can DBS be sued ? QianDEY      ( Date: 16-May-2020 15:57) Posted: Yes. Any of the market listing criteria not met should not had it listed in the first place...... What's the rush? Unless there was something untold. Be it the bank or sponsor.. ..... Whatever the outcome of this restructuring , if it was the bank failure on its duty, the bank should be reprimanded by the regulator to deter future recurrence of the same
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laksaman57 Supreme	17-May-2020 09:29        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only reprimanded ? Can DBS be sued ? QianDEY      ( Date: 16-May-2020 15:57) Posted: Yes. Any of the market listing criteria not met should not had it listed in the first place...... What's the rush? Unless there was something untold. Be it the bank or sponsor.. ..... Whatever the outcome of this restructuring , if it was the bank failure on its duty, the bank should be reprimanded by the regulator to deter future recurrence of the same. laksaman57      ( Date: 16-May-2020 13:39) Posted: The greatest tell tale sign, of this increasingly likely ' scam' , was the non deposited security deposit. The IPO should NOT  HAVE GONE AHEAD.  There must be accountability !
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rockyB Member	17-May-2020 02:58        rockyB About Contact  Quote this Post!
x 0   x 0  Alert Admin	created a fb group, lets get together to discuss our options or even what on earth is happening https://www.facebook.com/groups/191195181990297
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mrwise Supreme	17-May-2020 01:37        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Another Hyflux case.....nobody can help....all talk with useless actions only... Prepare for total losses... Peter88      ( Date: 16-May-2020 22:41) Posted: Set up a facebook or IG to gather supports from other unitholders , there are hundreds and thousand of unitholders in this EHT . uiop1223      ( Date: 16-May-2020 22:11) Posted: Im happy to fork out $1k to sue the parties if someone can take the lead. At least sue DBS
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Calmroom Master	17-May-2020 00:32        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Given the latest evidence uncovered, it would be very disturbiing if MAS were to announce it found no rules or laws have been broken.  Perhaps the best outcome for Eagle investors is liquidation. With the US reopening, the hotels could fetch better, fairer prices. This could also provide a ' clean break' and emotional closure for investors. Life is full of surprises. I sincerely hope  all Eagle investors get a pleasant surprise in the end :)
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