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Goldfinger Supreme	09-Apr-2021 16:28        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	HI Martin - You can pm me, when the action is to be taken. Happy to join and to stop any unjust actions by DBS Trustees.  I get the sense they are not looking out for the interest of minority shareholders at all, and that is despicable. MartinSG      ( Date: 09-Apr-2021 13:17) Posted: Hi Fellow unitholders, Thank for your keen response. Please allow me to share some thoughts. 1. With the latest offer by Pheonix, we may get back some money from our investment though it is around $0.03-$0.04 per share(Just estimation) 2. I am with a group that is in consultation with legal advice to see what course we still can address at this moment of time. Agenda: a. To call for EGM and form an equity committee b. To stop the liquidation of assets during this pandemic situation c. To find out the cost for all these and raise funds for continuity of the reit operation d. Source for a potential manager to run the operation (These are just ideas of what we hope to do) 3. I think we need to focus on what we can do to help us from this distress situation. Please help to tabulate your holding in the following message, so I can calculate the amount of percentage we have in this forum. Please remember the quantum of at least 20% will be useful for us to take further positive action for ourselves. 4. Please be reminded that we will only focus on salvage our investment and not on any agenda to pursue on faults on sponsors or trustee, as all these are time-consuming, energy-draining and emotional distress though we all suffer from frustration. 5. @Curiouslearner, can you share the link for joining the group with more than 100 unitholders? 6. Whether you are holding your share in CDP or under custodian, you can join to form a group here. 7. Holding:      Martin: - 2.500.000 units (Please list down your holding, so that we can tabulate the percentage here. For actual name and contact, I will follow up later after tabulation. Thanks)
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kasuya Member	09-Apr-2021 15:16        kasuya About Contact  Quote this Post!
x 0   x 0  Alert Admin	Holdings 1. Martin: 2,500,000 units 2. EdTay88: 108,000 units 3. Kasuya: 13,200 units (all via custodian) EdTay88      ( Date: 09-Apr-2021 15:12) Posted: Hi Martin, here you go:  Holdings 1. Martin: 2,500,000 units 2. EdTay88: 108,000 units MartinSG      ( Date: 09-Apr-2021 13:17) Posted: Hi Fellow unitholders, Thank for your keen response. Please allow me to share some thoughts. 1. With the latest offer by Pheonix, we may get back some money from our investment though it is around $0.03-$0.04 per share(Just estimation) 2. I am with a group that is in consultation with legal advice to see what course we still can address at this moment of time. Agenda: a. To call for EGM and form an equity committee b. To stop the liquidation of assets during this pandemic situation c. To find out the cost for all these and raise funds for continuity of the reit operation d. Source for a potential manager to run the operation (These are just ideas of what we hope to do) 3. I think we need to focus on what we can do to help us from this distress situation. Please help to tabulate your holding in the following message, so I can calculate the amount of percentage we have in this forum. Please remember the quantum of at least 20% will be useful for us to take further positive action for ourselves. 4. Please be reminded that we will only focus on salvage our investment and not on any agenda to pursue on faults on sponsors or trustee, as all these are time-consuming, energy-draining and emotional distress though we all suffer from frustration. 5. @Curiouslearner, can you share the link for joining the group with more than 100 unitholders? 6. Whether you are holding your share in CDP or under custodian, you can join to form a group here. 7. Holding:      Martin: - 2.500.000 units (Please list down your holding, so that we can tabulate the percentage here. For actual name and contact, I will follow up later after tabulation. Thanks)
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EdTay88 Member	09-Apr-2021 15:12        EdTay88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Martin, here you go:  Holdings 1. Martin: 2,500,000 units 2. EdTay88: 108,000 units MartinSG      ( Date: 09-Apr-2021 13:17) Posted: Hi Fellow unitholders, Thank for your keen response. Please allow me to share some thoughts. 1. With the latest offer by Pheonix, we may get back some money from our investment though it is around $0.03-$0.04 per share(Just estimation) 2. I am with a group that is in consultation with legal advice to see what course we still can address at this moment of time. Agenda: a. To call for EGM and form an equity committee b. To stop the liquidation of assets during this pandemic situation c. To find out the cost for all these and raise funds for continuity of the reit operation d. Source for a potential manager to run the operation (These are just ideas of what we hope to do) 3. I think we need to focus on what we can do to help us from this distress situation. Please help to tabulate your holding in the following message, so I can calculate the amount of percentage we have in this forum. Please remember the quantum of at least 20% will be useful for us to take further positive action for ourselves. 4. Please be reminded that we will only focus on salvage our investment and not on any agenda to pursue on faults on sponsors or trustee, as all these are time-consuming, energy-draining and emotional distress though we all suffer from frustration. 5. @Curiouslearner, can you share the link for joining the group with more than 100 unitholders? 6. Whether you are holding your share in CDP or under custodian, you can join to form a group here. 7. Holding:      Martin: - 2.500.000 units (Please list down your holding, so that we can tabulate the percentage here. For actual name and contact, I will follow up later after tabulation. Thanks)
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prophetjul Master	09-Apr-2021 15:12        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	WoW!  2.5million shares? i feel your pain.  All this due to an inept Trustee called DBS Trustees. How come no one sue them for negligience?  MartinSG      ( Date: 09-Apr-2021 13:17) Posted: Hi Fellow unitholders, Thank for your keen response. Please allow me to share some thoughts. 1. With the latest offer by Pheonix, we may get back some money from our investment though it is around $0.03-$0.04 per share(Just estimation) 2. I am with a group that is in consultation with legal advice to see what course we still can address at this moment of time. Agenda: a. To call for EGM and form an equity committee b. To stop the liquidation of assets during this pandemic situation c. To find out the cost for all these and raise funds for continuity of the reit operation d. Source for a potential manager to run the operation (These are just ideas of what we hope to do) 3. I think we need to focus on what we can do to help us from this distress situation. Please help to tabulate your holding in the following message, so I can calculate the amount of percentage we have in this forum. Please remember the quantum of at least 20% will be useful for us to take further positive action for ourselves. 4. Please be reminded that we will only focus on salvage our investment and not on any agenda to pursue on faults on sponsors or trustee, as all these are time-consuming, energy-draining and emotional distress though we all suffer from frustration. 5. @Curiouslearner, can you share the link for joining the group with more than 100 unitholders? 6. Whether you are holding your share in CDP or under custodian, you can join to form a group here. 7. Holding:      Martin: - 2.500.000 units (Please list down your holding, so that we can tabulate the percentage here. For actual name and contact, I will follow up later after tabulation. Thanks)
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laksaman57 Supreme	09-Apr-2021 13:41        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	EHT should sue the sponsor for $$$
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MartinSG Member	09-Apr-2021 13:17        MartinSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Fellow unitholders, Thank for your keen response. Please allow me to share some thoughts. 1. With the latest offer by Pheonix, we may get back some money from our investment though it is around $0.03-$0.04 per share(Just estimation) 2. I am with a group that is in consultation with legal advice to see what course we still can address at this moment of time. Agenda: a. To call for EGM and form an equity committee b. To stop the liquidation of assets during this pandemic situation c. To find out the cost for all these and raise funds for continuity of the reit operation d. Source for a potential manager to run the operation (These are just ideas of what we hope to do) 3. I think we need to focus on what we can do to help us from this distress situation. Please help to tabulate your holding in the following message, so I can calculate the amount of percentage we have in this forum. Please remember the quantum of at least 20% will be useful for us to take further positive action for ourselves. 4. Please be reminded that we will only focus on salvage our investment and not on any agenda to pursue on faults on sponsors or trustee, as all these are time-consuming, energy-draining and emotional distress though we all suffer from frustration. 5. @Curiouslearner, can you share the link for joining the group with more than 100 unitholders? 6. Whether you are holding your share in CDP or under custodian, you can join to form a group here. 7. Holding:      Martin: - 2.500.000 units (Please list down your holding, so that we can tabulate the percentage here. For actual name and contact, I will follow up later after tabulation. Thanks)
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EdTay88 Member	08-Apr-2021 17:06        EdTay88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Goldfinger, Thanks for sharing your thoughts. Even if we can hold an EGM, there is actually no predatory bargain price that can be offered which is lower than the bid by the stalking horse of US$470Mil. The purpose of the stalking horse is to establish a minimum entry price for rest of the bidders to up their stakes if they are interested in the hotel portfolio put up for auction. In other words, all " predatory bargain prices" lower than the stalking horses will be rejected straightaway. If there is no bid, the stalking horse will buy over the hotels at the agreed US$470Mil. By exposing their bid upfront at US$470Mil, this actually caused some disadvantage to their (Madison Phoenix LLC) bidding strategy in a normal auction hence if they lose the bid to another buyer who offers higher, the stalking horse gets compensated a break fee of 2% of the bid, that is, US$12.4Mil as well as reimbursement of US$3Mil for professional services fees plus other costs related to becoming a stalking horse. The other technical question is, are we still allow to call for an EGM at this stage of Chapter 11 given that the Court is supposed to be the one handling the entire reorganisation or orderly winding down of EHT? And if so, what is the EGM agenda? There is no pausible agenda currently that is worthwhile to have an EGM (assuming it is still possible). The sales of the hotels in normal circumstances is a forced liquidation by the creditors and bankers- Chapter 11 merely confer the major re-organisation decisions to the court based on my understanding. Any legal folks here want to comment?  Goldfinger      ( Date: 07-Apr-2021 12:50) Posted: If we cannot get an EGM to approve the sale - it can be sold at bargain basement price to this Stalking Horse.  At least with an EGM - we can vote against any predatory bargain prices. Without an EGM - we get NO say at all.    EdTay88      ( Date: 07-Apr-2021 11:25) Posted: Hi Folks/Mates, I am not sure whether writing to MAS or SGX to compel an EGM will have any use. EHT is technically insolvent and surving on the extra DIP credit line. To survive till May' 21 auction, expected extra cost of US$50Mil will be drawn down by then. Any longer delay is just going to burn up further cash.  The only thing that is keeping the bankers and creditors away from a forced liquidation is the chapter 11 filing.    Also, personally, I think that EHT is already screwed by the low ball offer of USD470MIl from the stalking horse- Madison Phoenix LLC for the upcoming auction. Even if there is a higher bid from other bidders, EHT will still need to incur extra US$9.4Mil break up fees (2% of the offer) as well as another US$3Mil for professional services fee & other documented fees incurred by Madison Phoenix, if the sales is not awarded to Madison Phoenix LLC and goes to other parties. This is a total of US$12.4Mil extra liabilities on top of the US$50Mil drawn down from DIP.  One can only hope that there will either (i)be bidders who are willing to pay a few hundred millions more during the auction to cover all these costs or (ii) alternatively, some white knight with deep pockets come up with a recapitalisation proposal for business continuity.
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anton1967 Senior	07-Apr-2021 12:54        anton1967 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How to have this EGM , talk for the sake of talking  . Goldfinger      ( Date: 07-Apr-2021 12:50) Posted: If we cannot get an EGM to approve the sale - it can be sold at bargain basement price to this Stalking Horse.  At least with an EGM - we can vote against any predatory bargain prices. Without an EGM - we get NO say at all.    EdTay88      ( Date: 07-Apr-2021 11:25) Posted: Hi Folks/Mates, I am not sure whether writing to MAS or SGX to compel an EGM will have any use. EHT is technically insolvent and surving on the extra DIP credit line. To survive till May' 21 auction, expected extra cost of US$50Mil will be drawn down by then. Any longer delay is just going to burn up further cash.  The only thing that is keeping the bankers and creditors away from a forced liquidation is the chapter 11 filing.    Also, personally, I think that EHT is already screwed by the low ball offer of USD470MIl from the stalking horse- Madison Phoenix LLC for the upcoming auction. Even if there is a higher bid from other bidders, EHT will still need to incur extra US$9.4Mil break up fees (2% of the offer) as well as another US$3Mil for professional services fee & other documented fees incurred by Madison Phoenix, if the sales is not awarded to Madison Phoenix LLC and goes to other parties. This is a total of US$12.4Mil extra liabilities on top of the US$50Mil drawn down from DIP.  One can only hope that there will either (i)be bidders who are willing to pay a few hundred millions more during the auction to cover all these costs or (ii) alternatively, some white knight with deep pockets come up with a recapitalisation proposal for business continuity.
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Goldfinger Supreme	07-Apr-2021 12:50        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	If we cannot get an EGM to approve the sale - it can be sold at bargain basement price to this Stalking Horse.  At least with an EGM - we can vote against any predatory bargain prices. Without an EGM - we get NO say at all.    EdTay88      ( Date: 07-Apr-2021 11:25) Posted: Hi Folks/Mates, I am not sure whether writing to MAS or SGX to compel an EGM will have any use. EHT is technically insolvent and surving on the extra DIP credit line. To survive till May' 21 auction, expected extra cost of US$50Mil will be drawn down by then. Any longer delay is just going to burn up further cash.  The only thing that is keeping the bankers and creditors away from a forced liquidation is the chapter 11 filing.    Also, personally, I think that EHT is already screwed by the low ball offer of USD470MIl from the stalking horse- Madison Phoenix LLC for the upcoming auction. Even if there is a higher bid from other bidders, EHT will still need to incur extra US$9.4Mil break up fees (2% of the offer) as well as another US$3Mil for professional services fee & other documented fees incurred by Madison Phoenix, if the sales is not awarded to Madison Phoenix LLC and goes to other parties. This is a total of US$12.4Mil extra liabilities on top of the US$50Mil drawn down from DIP.  One can only hope that there will either (i)be bidders who are willing to pay a few hundred millions more during the auction to cover all these costs or (ii) alternatively, some white knight with deep pockets come up with a recapitalisation proposal for business continuity.    Goldfinger      ( Date: 07-Apr-2021 09:37) Posted: Those who can - please write to MAS and SGX to compel an EGM for the sale of hotels and the sale price to any purchaser, including the current offer on the table.
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laksaman57 Supreme	07-Apr-2021 12:27        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	All thanks to DBS
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ipolaris Senior	07-Apr-2021 12:02        ipolaris About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mind to share the link for this group? I only know there' s one at instagram. Thx CuriousLearner      ( Date: 06-Apr-2021 18:31) Posted: There is a  group with around 100 unitholders. Maybe you should join if you haven' t. Easier to reach the retail holders
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EdTay88 Member	07-Apr-2021 11:25        EdTay88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Folks/Mates, I am not sure whether writing to MAS or SGX to compel an EGM will have any use. EHT is technically insolvent and surving on the extra DIP credit line. To survive till May' 21 auction, expected extra cost of US$50Mil will be drawn down by then. Any longer delay is just going to burn up further cash.  The only thing that is keeping the bankers and creditors away from a forced liquidation is the chapter 11 filing.    Also, personally, I think that EHT is already screwed by the low ball offer of USD470MIl from the stalking horse- Madison Phoenix LLC for the upcoming auction. Even if there is a higher bid from other bidders, EHT will still need to incur extra US$9.4Mil break up fees (2% of the offer) as well as another US$3Mil for professional services fee & other documented fees incurred by Madison Phoenix, if the sales is not awarded to Madison Phoenix LLC and goes to other parties. This is a total of US$12.4Mil extra liabilities on top of the US$50Mil drawn down from DIP.  One can only hope that there will either (i)be bidders who are willing to pay a few hundred millions more during the auction to cover all these costs or (ii) alternatively, some white knight with deep pockets come up with a recapitalisation proposal for business continuity.    Goldfinger      ( Date: 07-Apr-2021 09:37) Posted: Those who can - please write to MAS and SGX to compel an EGM for the sale of hotels and the sale price to any purchaser, including the current offer on the table.
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Goldfinger Supreme	07-Apr-2021 09:37        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those who can - please write to MAS and SGX to compel an EGM for the sale of hotels and the sale price to any purchaser, including the current offer on the table.
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Jamesbond007 Veteran	07-Apr-2021 08:54        Jamesbond007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Goner kasuya      ( Date: 06-Apr-2021 19:11) Posted: Possible to join if I have shares but holding through custodian (Saxo) rather than CDP?
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kasuya Member	06-Apr-2021 19:11        kasuya About Contact  Quote this Post!
x 0   x 0  Alert Admin	Possible to join if I have shares but holding through custodian (Saxo) rather than CDP?
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CuriousLearner Member	06-Apr-2021 18:31        CuriousLearner About Contact  Quote this Post!
x 0   x 0  Alert Admin	There is a  group with around 100 unitholders. Maybe you should join if you haven' t. Easier to reach the retail holders
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MartinSG Member	06-Apr-2021 16:44        MartinSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Guys, thank for your kind response. Will keep you updated when there is progress.
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spitfire Member	05-Apr-2021 13:56        spitfire About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi all. Same here as well. Hope to know what options are available. and what options we can pursue collectively. Thank you.
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ronaldSKY Member	04-Apr-2021 17:24        ronaldSKY About Contact  Quote this Post!
x 0   x 0  Alert Admin	x 0   Alert Admin Hi Martin. Please include me too. Thanks
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Jerrytan1993 Member	03-Apr-2021 22:56        Jerrytan1993 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hello! Can i join in too! As i am pretty new to this and i did spend some of my savings on this.  mstrado      ( Date: 02-Apr-2021 14:10) Posted: Hi All, sorry i am really new to this. I am also a share holder and would like to be involved as well. pls include me MartinSG      ( Date: 29-Mar-2021 16:14) Posted: Thanks, Guys for your response. I Will let you know again.
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