| Latest Forum Topics / Foreland FabriT |
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Foreland BUY
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Zindarion
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14-Apr-2015 17:53
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Foreland turn for penny season?
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sgmystique
Member |
27-Jan-2015 10:45
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Foreland has finally appointed an Independent Reviewer for the decisions management had taken in early 2014. Looks like SGX has been able to make Mr. Tsoi see some reason.  http://infopub.sgx.com/Apps?A=COW_CorpAn...MVin0eUdqU More about the reviewer BDO LLP can be found below: http://www.bdo.com.sg/ We were pressing for one of the Big Four firms to do the review. Guess we will have to make do with No. 5. Thoughts from fellow shareholders of Foreland are most welcome! |
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Zindarion
Veteran |
20-Jan-2015 00:24
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May be downgrade to Catalist.... Sg market really hopeless...   all thanks to SOHAI CEO... pathetic vol... |
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victortan
Elite |
19-Jan-2015 22:49
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This will take up to a year, then there are further another 3 yrs of curing period. I dont knw what is curing period, But it is total 4 yrs from now before they are condemn to delisting.    So got another 4 yrs to play, hopefully another penny rally will come.LOL |
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Zindarion
Veteran |
19-Jan-2015 17:22
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No further update on this counter? Just wondering how this stock can maintain listed in Mainboard with Sgx new rules. Min market cap and min sharw price. |
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sgmystique
Member |
24-Sep-2014 08:50
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Status Update: We had 6 signatures on the petition we had submitted to the SGX on the 19th Feb. The number of people who have pledged their support to this cause has gone up to 14 as on date ![]() This is really encouraging. What is most encouraging is the fact that I had one investor who does not own any shares in Foreland but had been badly burnt by a similar fiasco at another S-Chip who wanted justice done for all of us. I have requested him to become a shareholder and officially support our cause. Even if you own 1 lot shares your rights are the same as that of the CEO. Friends, so many of us have had these horrible experiences with S-Chips listed on the SGX but the sad fact is that till date I have not seen any of the perpetrators of these crimes brought to justice in Singapore. My question to the SGX is simple: If we are unable to protect any of our investors from these unregulated elements why do we allow such companies to come and list their shares in Singapore. IS IT NOT THE SGX' s DUTY TO ENSURE THAT ONLY GENUINE COMPANIES ARE ALLOWED TO LIST IN SINGAPORE. WHY DO WE ALLOW SUCH UNREGULATED FLY-BY-NIGHT OPERATORS TO LIST IN SINGAPORE WITH SUCH APPARENT EASE AND THEN FLY AWAY WITH OUR HARD EARNED MONEY WITHOUT THE EXCHANGE BEING ABLE TO TAKE ANY ACTION AGAINST THEM? Do let me know your thoughts on this. And please come forward with your support to our cause. You can mail me on [email protected] with your name and contact details and we will get in touch for your signatures if we need to submit a reminder to the SGX. The timeline for the reminder is the 3rd October, 2014 (If we don' t hear from the SGX) by then...   |
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Jackpot2010
Master |
23-Sep-2014 22:43
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Hi Sgmystique, My sympathy to all who are cheated here. This is worse than day-light robbery. This is clearly a " major transaction" exceeding 20% threshold that require shareholders' approval at EGM. Either there is a loophole in SGX rulebook or these Chinamen openly ignored SGP law. SGX should clarify this publicly. Mainstream papers have also been mum. IDs should explain why they failed to freeze the bank acc before this payout, since they hv prior knowledge of this claim. By resigning is not enough. After the bank acc is emptied, it is like crying over spilled milk now. Alternatively, the bank acc could be fake all the past yrs and this claim is a sham to cover their loot. |
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sgmystique
Member |
23-Sep-2014 19:38
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Hi shuncheng, Please e-mail me your contact details on [email protected]. I will get in touch when we have our next get-together of Foreland investors. Regards,   |
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shuncheng
Senior |
21-Sep-2014 16:02
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Ok count me in | ||||
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Secret_Squirrel
Elite |
21-Sep-2014 09:47
Yells: "Stay curious but skeptical" |
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What happen during the AGM? |
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sgmystique
Member |
20-Sep-2014 20:58
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Dear Forumers,
This is an earnest request. If you know of any Foreland shareholders (No matter how small, Foreland has more than 1100 individual shareholders. I met up with just 7 of them at the AGM) please ask them to contact me/ send me a message on [email protected]. We are a small group of exisiting shareholders who feel quiet genuinely aggrieved by all that has happened.  We are hoping to get as many shareholders together as possible and give it our best shot to get any WRONGS done to us set RIGHT. We are willing to put in as much time and effort as is required to get this done. You can be assured of that. Please find outlined our plan of action (with timelines): 1. Prepare a detailed letter (Max of 2 pages) addressed to  (a) SGX (b) SIAS Timeline:  To be done by 7th September 2014 (Sunday) 2. Fix meeting in Tanglin Mall for shareholders to sign the letter to SGX and SIAS Timeline:  14th September 2014 (Sunday) 3. Submit duly signed letter (By as many shareholders as possible) personally/ by e-mail/ by courier to: (a) SGX (b) SIAS Timeline:  By 21st September 2014 (Sunday) 4. Write to Straits Times & Business Times Forum Timeline:  By 21st September (Sunday) 5. Plan a meeting of all shareholders after the submission of letter to the SGX/ SIAS as well as efforts in publicising the case through the local media. Timeline:  By 28th September (Sunday) 6. Make a physical representation to the SGX by visiting them (In case there is no reply to our complaint letter) Timeline: By 3rd October (Friday) Responsibility: As many shareholders of Foreland as possible. We have already started work on Point 1 and we would like to make sure that the action plan detailed above is carried out by the timelines indicated. Do wish us luck  ![]() Regards,  
Status Update:
We personally submitted our petition requesting an investigation into the happenings at Foreland to the SGX yesterday (19th Sep 2014). They have promised to take a look at our petition and respond back to us, hopefully by the 3rd October (2 weeks).  We could gather 6 shareholders of Foreland who collectively own slightly more than 2% of equity in the company to sign on the petition.  
We have decided to take this quest to get to the truth to a logical conclusion. If any other shareholder feels like joining the fight please send me a message on [email protected] with your e-mail address and contact numbers and I shall respond back asap. 
I will keep posting the latest updates and I hope this encourages more people to step forward to set a TERRIBLE WRONG, RIGHT!!! Regards,   " You are right not because the world agrees or disagrees with you, rather you are right because your facts & reasoning are right."   |
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oldbirdy
Senior |
08-Sep-2014 13:40
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Today top 20 active. ..Any news from AGM? | ||||
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Secret_Squirrel
Elite |
26-Aug-2014 21:55
Yells: "Stay curious but skeptical" |
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AGM held at Centennial Tower, Level 21, Banyan Room, 3 Temasek Avenue, Singapore 039190 on Friday, 29 August 2014 at 9.00am. If free must attend as I think the shareholders will have   a lot of questions to ask the board. If you look at the company' s recent announcement at the sgx website (company disclosure). eg cessation of independent director. The independent director just   appointed as chairman audit committe on 31 May 2013. Why   resign this year? There was also a filing at sgx website on 7 Aug 2014 on the financial related annoucement ::discrepancies between unaudited and audited accounts.     
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victortan
Elite |
10-Aug-2014 03:32
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For those who vested at high price , at 50c abv, so sorry for you. But i think after deducting for the claim of some 500m over, it still hv an nav of 0.04c( est). And if this annual report is taken inot consideration, it has accumulated 3 yr of continuos losses, Then SGX will put it in it watchlist for another 24mths, so it still got some time to play by BB. Just sell to the rally if they are play, Dont hope against hope. This chip is hopless. |
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victortan
Elite |
10-Aug-2014 03:27
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Everyone come here shd hv read the disclaimer of this site. Don' t play preacher here. All are adult, shd knw what they are buying. At the end of the day, u are rsponsible for yr trade. Don' t finger pointing. Don' t claim u lose on other recommendation.
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valuebuyer
Senior |
09-Aug-2014 21:11
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Never touch China penny!!" How many time i have given warning? Haiz...
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oldbirdy
Senior |
09-Aug-2014 17:25
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You believe??? 这 主 要 是 因 为 集 团 须 要 计 入 一 笔 2亿 8300万 元 人 民 币 的 准 备 金 。 集 团 去 年 遭 客 户 起 诉 和 索 赔 , 在 今 年 上 半 年 已 达 成 和 解 , 和 解 金 额 为 2亿 8300万 元 。 同 时 , 集 团 也 还 有 约 3000万 元 人 民 币 的 额 外 减 值 须 要 计 入 业 绩 报 告 中 | ||||
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oldbirdy
Senior |
09-Aug-2014 17:21
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See See !!! Up lorry already !!! | ||||
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KepoChicken
Master |
09-Aug-2014 11:47
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foreland last 2 years cheong too much... now suffer the decrease
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valuebuyer
Senior |
09-Aug-2014 11:14
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( 联 合 早 报 网 讯 ) 福 联 面 料 科 技 ( Foreland Fabrictech) 截 至 去 年 底 的 全 年 业 绩 经 审 计 后 , 净 亏 损 扩 大 超 过 一 倍 , 从 之 前 公 布 的 净 亏 2亿 5316万 元 人 民 币 ( 5134万 新 元 ) , 增 加 至 净 亏 5亿 5846万 元 人 民 币 ( 1亿 1325万 新 元 ) 。
这 主 要 是 因 为 集 团 须 要 计 入 一 笔 2亿 8300万 元 人 民 币 的 准 备 金 。 集 团 去 年 遭 客 户 起 诉 和 索 赔 , 在 今 年 上 半 年 已 达 成 和 解 , 和 解 金 额 为 2亿 8300万 元 。 同 时 , 集 团 也 还 有 约 3000万 元 人 民 币 的 额 外 减 值 须 要 计 入 业 绩 报 告 中 。 集 团 委 任 的 审 计 师 表 示 , 在 计 入 这 笔 准 备 金 后 , 集 团 的 现 金 和 现 金 相 等 物 显 著 减 少 , 进 而 使 得 集 团 已 经 资 不 抵 债 , 流 动 负 债 比 流 动 资 产 多 出 70万 元 人 民 币 , 对 集 团 能 否 继 续 正 常 营 业 ( going concern) 形 成 疑 问 。 |
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