Do not confuse enlarged shares with consolidation of shares. Consolidation of shares, your no. of shares shrink. 4% of enlarged means they going to issue (a truckload) more shares to 3rd parties, your number of shares in the company remains the same.
ysh2006 ( Date: 02-Mar-2018 07:30) Posted:
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May know like this we have how many shares left for us ? If only one two hundred shares must well throw it away ..
triphopper ( Date: 02-Mar-2018 07:22) Posted:
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If existing shareholders just get 4% of enlarged shares, I think they will vote no and just let the company sink into the deep abyss! 4% is just as good as nothing!
tonylim70 ( Date: 01-Mar-2018 17:44) Posted:
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The tycoon still fly around in helicopter to Penang ?
So the re-organised Erza is valued at $1.087M only.
wow!!! $1M exchange for 92% enlarged Ezra shares??????
 
 
granto ( Date: 01-Mar-2018 16:27) Posted:
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Asia Fund Space moves to rescue Ezra Holdings http://splash247.com/asia-fund-space-moves-rescue-ezra-holdings/
Ezra Holdings gets chapter 11 extension:  http://splash247.com/ezra-holdings-gets-chapter-11-extension/
Lewek Connector is Emas Subsea group. now all gone to Subsea 7. No more money going to Ezra. 
Ocean Yield further extends charter of Lewek Connector to Ezra Holdings http://splash247.com/ocean-yield-further-extends-charter-of-lewek-connector-to-ezra-holdings/
Emas Offshore reveals precarious debt position http://splash247.com/emas-offshore-reveals-precarious-debt-position/
Singapore court paves the way for Emas Offshore rescue plan http://splash247.com/singapore-court-paves-way-emas-offshore-rescue-plan/
BAKER TECHNOLOGY..ONE OF THE WHITE KNIGHTS..
expect emas shares to be  diluted  for $  50m injection..
 
expect emas shares to be  diluted  for $  50m injection..
 
granto ( Date: 04-Sep-2017 19:49) Posted:
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Emas Offshore white knights revealed http://splash247.com/emas-offshore-white-knights-revealed/
white knights??hahah corporate raiders...
get ready to be raided...and what comes along..mayhem
get ready to be raided...and what comes along..mayhem
sheerluck ( Date: 03-Sep-2017 11:47) Posted:
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Could the White Knight be POSH? They have lot of money with Kuok bank behind Gerald.
It may not be unfortunate for the white knight if it can made both equity and debt holders take significant haircut such that net tanigble asset are positive and then buyover over at a fraction of it.  
Even scrap metal has some value and if you can buy them at 30% of their value, it is still a good and possible deal.   Ofc, this means no hurray for existing equity and debtor holders.   So a white knight may not neceesary mean they are saved.   More likely they are going to be slaughtered by the white knight instead.
Are the mgmt still getting like their original pay packages since the Chapter 11 filing?  
Even scrap metal has some value and if you can buy them at 30% of their value, it is still a good and possible deal.   Ofc, this means no hurray for existing equity and debtor holders.   So a white knight may not neceesary mean they are saved.   More likely they are going to be slaughtered by the white knight instead.
Are the mgmt still getting like their original pay packages since the Chapter 11 filing?  
pnuklis ( Date: 03-Sep-2017 08:30) Posted:
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I wonder who this unfortunate white knight is totake over Emas. I feel sorry for them. It has chance to run before the news is announced.
not confirmed
sokdotcom ( Date: 01-Sep-2017 11:28) Posted:
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White Knight is real! 
http://www.newsweb.no/newsweb/search.do?messageId=433968
 
http://www.newsweb.no/newsweb/search.do?messageId=433968