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Tanahkow Senior	14-Jul-2015 07:19        Tanahkow About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the EGM can (legally) continue, I believe the new management will win, at least  for me, I will vote for new management as it will give new hope to the company... If this case of JM is initiated by the present management, then I think they acted out of desperation...as they are counting on 5% from Mitsubishi to balance the 12% by new managment, so this is 50-50 fight...we, the retail shareholder will have the say at the EGM...so please...if possible, attend the EGM to vote...I thought director fee is supposedly paid for directors to work for and  unlock value for shareholders ??? In this case, shareholders are being locked... If this case of JM  is initiated by the 175K creditor (most probably is friendly forces to new management...), then it suggested that new management do not have the power to increase 12% shareholding, therefore locking the market shares until EGM...Also means Old Management have no better ways to fight the new management but to follow their game plan...New management have more strategies and people there have more knowledge to play take-over game ??? These are all my personal opinions with limited knowledge...Do your own analysis and I maybe wrong... PS...I am on holidays for next 3 weeks so not possible to attend EGM and bare in mind, the EGM avenue is not the company address, it has bigger space to accomodate more shareholders and this is a sign of good show on that day... Leaner      ( Date: 13-Jul-2015 21:58) Posted: I kinda of agree that the existing management is trying to lock out the whole company thinking for sure the EGM in August would kick it out by the 12% shareholders. Going through the profile of the proposed directors in the circular, the one with a whole list catches my attention most. It gives me a feeling the company will most probably be sold as a back-door listing vehicle in the near future when the new management takes over especially when the proposed top new person is from china. Tanahkow      ( Date: 13-Jul-2015 21:07) Posted: In my opinion,  the present managment of CNA knew that they wil lose out in terms of control as the total management is only about 7% compared to the 12% hostile shareholders, therefore using this to lock out the whole company and business and shareholders... somehow, dont know if the EGM in August still valid or not ? think it really depends on the court hearing to approve or not approve...No dates yet for court hearing and I think the present management of CNA will continue halt until suspension... This is lose-lose situation  because of  the in-fighting between the 2 forces...
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darocupcake Master	13-Jul-2015 22:16        darocupcake About Contact  Quote this Post!
x 0   x 0  Alert Admin	So in ur opinion to be sold off is it good? Delist u mean? Leaner      ( Date: 13-Jul-2015 21:58) Posted: I kinda of agree that the existing management is trying to lock out the whole company thinking for sure the EGM in August would kick it out by the 12% shareholders. Going through the profile of the proposed directors in the circular, the one with a whole list catches my attention most. It gives me a feeling the company will most probably be sold as a back-door listing vehicle in the near future when the new management takes over especially when the proposed top new person is from china. Tanahkow      ( Date: 13-Jul-2015 21:07) Posted: In my opinion,  the present managment of CNA knew that they wil lose out in terms of control as the total management is only about 7% compared to the 12% hostile shareholders, therefore using this to lock out the whole company and business and shareholders... somehow, dont know if the EGM in August still valid or not ? think it really depends on the court hearing to approve or not approve...No dates yet for court hearing and I think the present management of CNA will continue halt until suspension... This is lose-lose situation  because of  the in-fighting between the 2 forces...
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Leaner Member	13-Jul-2015 21:58        Leaner About Contact  Quote this Post!
x 0   x 0  Alert Admin	I kinda of agree that the existing management is trying to lock out the whole company thinking for sure the EGM in August would kick it out by the 12% shareholders. Going through the profile of the proposed directors in the circular, the one with a whole list catches my attention most. It gives me a feeling the company will most probably be sold as a back-door listing vehicle in the near future when the new management takes over especially when the proposed top new person is from china. Tanahkow      ( Date: 13-Jul-2015 21:07) Posted: In my opinion,  the present managment of CNA knew that they wil lose out in terms of control as the total management is only about 7% compared to the 12% hostile shareholders, therefore using this to lock out the whole company and business and shareholders... somehow, dont know if the EGM in August still valid or not ? think it really depends on the court hearing to approve or not approve...No dates yet for court hearing and I think the present management of CNA will continue halt until suspension... This is lose-lose situation  because of  the in-fighting between the 2 forces...
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darocupcake Master	13-Jul-2015 21:26        darocupcake About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think because all the aquisition was cancelled by the new management thats why old management tulan. I read the new management profile all quite good n i tot they hve a chance To go back to their heydays Tanahkow      ( Date: 13-Jul-2015 20:45) Posted: The in-fighting between is quite serious between the 12% and management darocupcake      ( Date: 13-Jul-2015 20:31) Posted: Yalor but worst is cna request to be under JM thats the strange part i dun understand the new management is trying to d
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Tanahkow Senior	13-Jul-2015 21:07        Tanahkow About Contact  Quote this Post!
x 0   x 0  Alert Admin	In my opinion,  the present managment of CNA knew that they wil lose out in terms of control as the total management is only about 7% compared to the 12% hostile shareholders, therefore using this to lock out the whole company and business and shareholders... somehow, dont know if the EGM in August still valid or not ? think it really depends on the court hearing to approve or not approve...No dates yet for court hearing and I think the present management of CNA will continue halt until suspension... This is lose-lose situation  because of  the in-fighting between the 2 forces...
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Tanahkow Senior	13-Jul-2015 21:00        Tanahkow About Contact  Quote this Post!
x 0   x 0  Alert Admin	During the period for which the judicial management order is in force - ... (c) no other proceedings and no execution or other legal process shall be commenced or continued and no distress may be levied against the Company or its property except with the consent of the judicial manager
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Tanahkow Senior	13-Jul-2015 20:58        Tanahkow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unfortunately, judicial management presents its own problems as well. There is generally a stigma on insolvency attached to judicial management and this will usually result in adverse publicity for the company since it is often also viewed as a prelude to liquidation. Moreover, time and costs are sometimes wasted because the judicial manager usually takes over from the previous management and would require time to acquaint himself with the affairs of the company.
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Tanahkow Senior	13-Jul-2015 20:57        Tanahkow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Judicial management is useful in that it does not require 100% agreement amongst creditors. Furthermore, either the company or any creditor can initiate the process.
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Tanahkow Senior	13-Jul-2015 20:47        Tanahkow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Judicial management allows the company a period of time to re-organise its affairs and to try to re-structure the company, its operations and debts. It seeks to give an opportunity to the company to undergo rehabilitation, to preserve at least part of the business as a going concern or to achieve a more advantageous realisation of the company' s assets than would be effected on winding up. It is also useful if it is likely to result in the approval under s 210 of the Companies Act (Cap 50) of a compromise or scheme of arrangements between the company and its creditors. Tanahkow      ( Date: 13-Jul-2015 20:45) Posted: The in-fighting between is quite serious between the 12% and management darocupcake      ( Date: 13-Jul-2015 20:31) Posted: Yalor but worst is cna request to be under JM thats the strange part i dun understand the new management is trying to d
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Tanahkow Senior	13-Jul-2015 20:45        Tanahkow About Contact  Quote this Post!
x 0   x 0  Alert Admin	The in-fighting between is quite serious between the 12% and management darocupcake      ( Date: 13-Jul-2015 20:31) Posted: Yalor but worst is cna request to be under JM thats the strange part i dun understand the new management is trying to do KepoChicken      ( Date: 13-Jul-2015 20:25) Posted: 175K want ppl close shop....funny
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darocupcake Master	13-Jul-2015 20:31        darocupcake About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yalor but worst is cna request to be under JM thats the strange part i dun understand the new management is trying to do KepoChicken      ( Date: 13-Jul-2015 20:25) Posted: 175K want ppl close shop....funny darocupcake      ( Date: 13-Jul-2015 20:23) Posted: But the amt the creditor asked is not huge also. Strange is there a need for JM
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KepoChicken Master	13-Jul-2015 20:25        KepoChicken About Contact  Quote this Post!
x 0   x 0  Alert Admin	175K want ppl close shop....funny darocupcake      ( Date: 13-Jul-2015 20:23) Posted: But the amt the creditor asked is not huge also. Strange is there a need for JM? Leaner      ( Date: 13-Jul-2015 20:14) Posted: Oops, a little paraphrase to make. It should be CNA has applied to Hight Court to place the company under judicial management and it has disclosed that on 2 July 2015, a   creditor has issued a statutory demand for winding up.
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darocupcake Master	13-Jul-2015 20:24        darocupcake About Contact  Quote this Post!
x 0   x 0  Alert Admin	175k only darocupcake      ( Date: 13-Jul-2015 20:23) Posted: But the amt the creditor asked is not huge also. Strange is there a need for JM? Leaner      ( Date: 13-Jul-2015 20:14) Posted: Oops, a little paraphrase to make. It should be CNA has applied to Hight Court to place the company under judicial management and it has disclosed that on 2 July 2015, a   creditor has issued a statutory demand for winding up.
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darocupcake Master	13-Jul-2015 20:23        darocupcake About Contact  Quote this Post!
x 0   x 0  Alert Admin	But the amt the creditor asked is not huge also. Strange is there a need for JM? Leaner      ( Date: 13-Jul-2015 20:14) Posted: Oops, a little paraphrase to make. It should be CNA has applied to Hight Court to place the company under judicial management and it has disclosed that on 2 July 2015, a   creditor has issued a statutory demand for winding up. Leaner      ( Date: 13-Jul-2015 20:05) Posted: Creditors have applied to High Court to place the company under judicial management and winding up action. Die road one way.
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Leaner Member	13-Jul-2015 20:14        Leaner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oops, a little paraphrase to make. It should be CNA has applied to Hight Court to place the company under judicial management and it has disclosed that on 2 July 2015, a   creditor has issued a statutory demand for winding up. Leaner      ( Date: 13-Jul-2015 20:05) Posted: Creditors have applied to High Court to place the company under judicial management and winding up action. Die road one way. new_wind      ( Date: 13-Jul-2015 13:46) Posted: Any idea why the halt?
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Leaner Member	13-Jul-2015 20:05        Leaner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Creditors have applied to High Court to place the company under judicial management and winding up action. Die road one way. new_wind      ( Date: 13-Jul-2015 13:46) Posted: Any idea why the halt? tomhanks      ( Date: 13-Jul-2015 13:40) Posted: Any expectation from forumers after the trading halt?
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new_wind Senior	13-Jul-2015 13:46        new_wind About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Any idea why the halt? tomhanks      ( Date: 13-Jul-2015 13:40) Posted: Any expectation from forumers after the trading halt?
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tomhanks Master	13-Jul-2015 13:40        tomhanks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any expectation from forumers after the trading halt?
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ronleech Elite	19-May-2015 16:36        ronleech About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Believe in yourself. Ride with the waves......"
x 0   x 1  Alert Admin	looks like a possible last 15 mins run up ...
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teeth53 Supreme	19-May-2015 12:11        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	CNA    Last:0.032   Vol:25752k    +0.002 (9m shr bot [email protected])
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