DMX Technologies   

DMX Tech

Any update of the exit offer? Am I suppose to receive from mail or something? So far, very quiet. Didn' t hear anything or I have missed out?

ysh2006      ( Date: 14-Jan-2019 07:14) Posted: In Aug 2017 during the SGM in Amara hotel retailers maybe were con to let them sell assets to repay auditor and salary of directors...they did little to get back our money... lukewong82      ( Date: 14-Jan-2019 04:55) Posted: Best scenerio, getting back 1 usd cent per share... worse scenerio getting back nothing. From trading price of 30+ cents to 1.x cents.. jialat

 

this stock was such a shame - from being a market darling in the hay days (when KDDI was brought in as single largest shareholder) to being completely wiped out. there seriously needs to be more due diligence done by lawyers/auditors/regulators (SGX) in making sure that the right kind of companies are being listed here in SG. priorities need to shift from viewing new listings as just new businesses without much regard to us retail peeps 

 

In Aug 2017 during the SGM in Amara hotel retailers maybe were con to let them sell assets to repay auditor and salary of directors...they did little to get back our money...

lukewong82      ( Date: 14-Jan-2019 04:55) Posted: Best scenerio, getting back 1 usd cent per share... worse scenerio getting back nothing. From trading price of 30+ cents to 1.x cents.. jialat

 

Best scenerio, getting back 1 usd cent per share... worse scenerio getting back nothing. From trading price of 30+ cents to 1.x cents.. jialat

 

Hi all, Has anyone receive the share certificates from DMX ?
And any news about the outcome post delisting? Thanks.

 

Very classical textbook example. Why are we keep seeing such happening? 
It is now Delisted from the SGX. 

Noble is also another. Better come clean after Iceberge reported.

 

To all investor if you feel that you have suffer and its time that you want SGX to stand firm against the  unscrupulous management  , please sign

https://www.petitions24.com/singapore_investor_left_unprotected_from_untruthful__fraudulent_listed_company#form

ysh2006      ( Date: 18-Jan-2018 07:34) Posted: The Japanese Ceo maybe play the shareholders out for this outcome...he told us during last Egm by selling those assets in Indonesia was the best option to rescue the company... tonylim70      ( Date: 17-Jan-2018 22:16) Posted: Assuming 1 cents USD exit offer aka around 1.4 cents. If u had invested $20k at around 20 cents , 100 lots, now  u going to get back $1.4k. From $20k to getting back $1.4k.. And that is assuming they can give exit offer of 1 cents USD which i seriously doubt so. By the time they start to give the exit offer, the NTA would be 0.5 cents USD. Look at the results. In Dec 2016, NTA was 1.65 USD cents, In Dec 2017, NTA dropped to 1.18 USD cents. By the time exit offer approved (should be end of this year), the NTA would have dropped to 0.5 USD cents.

 

The Japanese Ceo maybe play the shareholders out for this outcome...he told us during last Egm by selling those assets in Indonesia was the best option to rescue the company...

tonylim70      ( Date: 17-Jan-2018 22:16) Posted: Assuming 1 cents USD exit offer aka around 1.4 cents. If u had invested $20k at around 20 cents , 100 lots, now  u going to get back $1.4k. From $20k to getting back $1.4k.. And that is assuming they can give exit offer of 1 cents USD which i seriously doubt so. By the time they start to give the exit offer, the NTA would be 0.5 cents USD. Look at the results. In Dec 2016, NTA was 1.65 USD cents, In Dec 2017, NTA dropped to 1.18 USD cents. By the time exit offer approved (should be end of this year), the NTA would have dropped to 0.5 USD cents.

 

Assuming 1 cents USD exit offer aka around 1.4 cents.

If u had invested $20k at around 20 cents , 100 lots, now  u going to get back $1.4k.

From $20k to getting back $1.4k..

And that is assuming they can give exit offer of 1 cents USD which i seriously doubt so. By the time they start to give the exit offer, the NTA would be 0.5 cents USD. Look at the results. In Dec 2016, NTA was 1.65 USD cents, In Dec 2017, NTA dropped to 1.18 USD cents. By the time exit offer approved (should be end of this year), the NTA would have dropped to 0.5 USD cents.

 

Assuming they can sell ALL their assets at book value (quite impossible), minus expenses etc.. u may get back 1 cents USD per share. The share price was trading 20 to 40 cents prior to the weeks when it started dropping towards 11 cents when the bad news was out. So most shareholders would have suffered a drastic loss . From average of 30 cents to 1 cents USD (assume there is exit offer).

Might as well hope the company engage in RTO and hope the new company will help revive the fortune.

 

In last Egm many shareholders disagreed with CEO to sell assets in Indonesia to pay auditor and mgt salary too! but they insist doing so and said DMX might relist again soon in early 2018 now got playout  loh...

tonylim70      ( Date: 17-Jan-2018 22:03) Posted: Liquidation is not a good thing. Most likely no cash left for shareholders. Look at Rickmers and u will know. The best thing is they find some other company to RTO, at least ur shares can still be traded and hope the new company can revive the share price.

 

Liquidation is not a good thing. Most likely no cash left for shareholders. Look at Rickmers and u will know.

The best thing is they find some other company to RTO, at least ur shares can still be traded and hope the new company can revive the share price.
 

 

 
No forumer interested !

ysh2006      ( Date: 16-Jan-2018 12:09) Posted: No forumers gace tgus stock so luxky ysh2006      ( Date: 16-Jan-2018 08:34) Posted: Wow finally coy agreed to liquidate it and give back money to shareholdets....last egm we ask them not to sell assets to fight court case they don't listen used up most money than liquidate

 

No forumers gace tgus stock so luxky

ysh2006      ( Date: 16-Jan-2018 08:34) Posted: Wow finally coy agreed to liquidate it and give back money to shareholdets....last egm we ask them not to sell assets to fight court case they don't listen used up most money than liquidate ? ysh2006      ( Date: 12-May-2015 22:32) Posted: KDDI in Japan doing what ? buy a HK company ...   DBS or OCBC also buy HK company will they now becareful now ...

 

Wow finally coy agreed to liquidate it and give back money to shareholdets....last egm we ask them not to sell assets to fight court case they don't listen used up most money than liquidate ?

ysh2006      ( Date: 12-May-2015 22:32) Posted: KDDI in Japan doing what ? buy a HK company ...   DBS or OCBC also buy HK company will they now becareful now ... Jimmykohkk      ( Date: 12-May-2015 21:17) Posted: Jialat, even the Japan parent is giving up liao.. The Company also wishes to inform that its parent company, KDDI Corporation (" KDDI" ), has today released its Financial Statements Summary for the year ended 31 March 2015. A copy of the announcement is available at http://news.kddi.com/kddi/corporate/english/ir-news/2015/05/12/1117.html. KDDI has in its consolidated financial statements posted an extraordinary loss of 33,798 million yen (approximately USD281 million based on the exchange rate of 120 JPY/USD), as a possible future loss attributed to the abovementioned incidents.

 

KDDI in Japan doing what ? buy a HK company ...   DBS or OCBC also buy HK company will they now becareful now ...

Jimmykohkk      ( Date: 12-May-2015 21:17) Posted: Jialat, even the Japan parent is giving up liao.. The Company also wishes to inform that its parent company, KDDI Corporation (" KDDI" ), has today released its Financial Statements Summary for the year ended 31 March 2015. A copy of the announcement is available at http://news.kddi.com/kddi/corporate/english/ir-news/2015/05/12/1117.html. KDDI has in its consolidated financial statements posted an extraordinary loss of 33,798 million yen (approximately USD281 million based on the exchange rate of 120 JPY/USD), as a possible future loss attributed to the abovementioned incidents.

 

Jialat, even the Japan parent is giving up liao..

The Company also wishes to inform that its parent company, KDDI Corporation (" KDDI" ), has today released its Financial Statements Summary for the year ended 31 March 2015. A copy of the announcement is available at http://news.kddi.com/kddi/corporate/english/ir-news/2015/05/12/1117.html. KDDI has in its consolidated financial statements posted an extraordinary loss of 33,798 million yen (approximately USD281 million based on the exchange rate of 120 JPY/USD), as a possible future loss attributed to the abovementioned incidents.

 

Still in suspension mode.

Latest news from company dated 1 Apr 15 attached below.

http://infopub.sgx.com/FileOpen/DMX_waiver_01.04.2015.ashx?App=Announcement& FileID=341438

tchoonw      ( Date: 06-May-2015 15:17) Posted: is this dmx gone case?  Octavia      ( Date: 25-Mar-2015 11:20) Posted: Requested to convert its trading halt into a suspension, after it received a report from the HK authorities, citing irregular accounting practices at two of its subsidiaries in 2008 and 2009.

 

is this dmx gone case? 

Octavia      ( Date: 25-Mar-2015 11:20) Posted: Requested to convert its trading halt into a suspension, after it received a report from the HK authorities, citing irregular accounting practices at two of its subsidiaries in 2008 and 2009. guiren      ( Date: 13-Mar-2015 15:29) Posted: What happen to the CEO, CFO and the company now ?? Why   CEO and CFO were arrested by the Commercial Crime Bureau of the Hong Kong Police Force (the " HK Authorities" ) on 3 February 2015 ???

 

Requested to convert its trading halt into a suspension, after it received a report from the HK authorities, citing irregular accounting practices at two of its subsidiaries in 2008 and 2009.

guiren      ( Date: 13-Mar-2015 15:29) Posted: What happen to the CEO, CFO and the company now ?? Why   CEO and CFO were arrested by the Commercial Crime Bureau of the Hong Kong Police Force (the " HK Authorities" ) on 3 February 2015 ???