Why hedge fund "pok " ABL become good leh can highlight little boh...
Tks
mepkoh ( Date: 24-Oct-2016 20:47) Posted:
hey...just english...dont any how hamtum..
heres more for you..ABL...DESTROY PEOPLES LIFES..
By Reuters, The Edge Singapore / theedgemarkets.com.sg | October 24, 2016 : 5:54 PM MYT
  
Translated by Google Translator:
(Oct 24): Two Platinum Partners hedge funds have sought US Chapter 15 bankruptcy protection as part of an ongoing liquidation effort, according to court documents filed in the New York federal court on Oct 18.
In August, a Cayman Islands court ordered that an outside expert unwind the so-called offshore versions of its flagship hedge fund, Platinum Partners Value Arbitrage, which, along with the firm, is also being investigated by US authorities.
(See also: US hedge fund that dealt with Asiasons, Blumont and LionGold faces scrutiny)
That liquidator, RHSW Caribbean, filed the Chapter 15 bankruptcy petition, which seeks to protect Platinum&rsquo s US assets from creditors while an insolvency proceeding is underway in the Cayman Islands.
An outside spokesman for Platinum declined to comment.
Mark Nordlicht founded Platinum more than a decade ago and generated years of double-digit percentage returns by investing in often controversial businesses, a Reuters special report revealed.
New York-based Platinum has been caught up in federal investigation by the US Securities and Exchange Commission and the US Attorney&rsquo s offices in Manhattan and Brooklyn.
In June, a long-time associate was arrested on charges of bribing a union official to invest in Platinum, charges he has denied.
RHSW notes it is in ongoing contact with the SEC and the Department of Justice and that Platinum is the subject of &ldquo allegations of asset overvaluation&rdquo of its investments in mostly difficult-to-value fledgling companies.
Platinum reported assets of US$1.09 billion ($1.5 billion) for its flagship funds as at June 30, according to RHSW. The same filing notes potential liabilities of at least US$468.7 million on May 31.
The Cayman liquidators have begun examining allegations that assets were overvalued and are examining the cause of the funds&rsquo failures, according to the Chapter 15 filing.
An investigation by the liquidators involved the potential sale of Implant Sciences notes to Platinum insiders, according to the bankruptcy filing. The liquidators were also probing an investment by Platinum&rsquo s master fund into Northstar Offshore Group, according to the Chapter 15 filing.
Creditors of Northstar tried to force Northstar into an involuntary bankruptcy in Texas and the liquidators are trying to arrange financing for the company, according to the filing. Northstar had taken over the assets of another Platinum-owned energy company, Black Elk Energy Offshore Operations, just before it too went bankrupt.
Northstar investments account for 22% of the two Platinum funds, according to the bankruptcy filing.
The liquidators said a Northstar bankruptcy would result in a significant devaluation of Platinum&rsquo s holdings.
Platinum had agreed to provide hundreds of millions of dollars in funding to Asiasons Capital (now known as Attilan Group), Blumont Group and LionGold Corp. All in, the three Singapore-listed companies were poised to receive a total of US$560 million from Platinum and its affiliates &mdash equivalent to almost half the purported asset size of the hedge fund group at one point.
In September 2013, Attilan had also announced a plan to buy a 27.5% stake in Black Elk for US$171.7 million, comprising existing Black Elk shares held by the Platinum Partners Value Arbitrage fund as well as US$50 million in new Black Elk shares.
(See also: Was Black Elk the black swan that sank Asiasons, Blumont and LionGold?)
The deals were called off after shares of the three companies went into a tailspin in October that year. The following year, the Commercial Affairs Department began what it has called its biggest securities fraud investigation.
Black Elk later sold its assets to Houston-based companies Renaissance Offshore and Northstar, sales that allowed Platinum and its investors to earn a modest profit on their investment in Black Elk.
Macqueen ( Date: 24-Oct-2016 20:16) Posted:
| Tomorrow I will short big DYOD |
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😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆
buysellbuysell ( Date: 21-Oct-2016 10:50) Posted:
Lai ah lai ah.. blumont is a steal ah at 0.004 ah lai ah lai ah. All buy all buy ah
Sell mmp buy blumont ah.... lol DYODD probably. |
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All those on 0.004 and 0.003.... ho say liao... blumont all cheong ah... ask you all sell mmp and buy blumont. .. all really go and buy. .... lol....
hey...just english...dont any how hamtum..
heres more for you..ABL...DESTROY PEOPLES LIFES..
By
Reuters, The Edge Singapore / theedgemarkets.com.sg | October 24, 2016 : 5:54 PM MYT
Translated by Google Translator:
(Oct 24): Two Platinum Partners hedge funds have sought US Chapter 15 bankruptcy protection as part of an ongoing liquidation effort, according to court documents filed in the New York federal court on Oct 18.
In August, a Cayman Islands court ordered that an outside expert unwind the so-called offshore versions of its flagship hedge fund, Platinum Partners Value Arbitrage, which, along with the firm, is also being investigated by US authorities.
(See also: US hedge fund that dealt with Asiasons, Blumont and LionGold faces scrutiny)
That liquidator, RHSW Caribbean, filed the Chapter 15 bankruptcy petition, which seeks to protect Platinum&rsquo s US assets from creditors while an insolvency proceeding is underway in the Cayman Islands.
An outside spokesman for Platinum declined to comment.
Mark Nordlicht founded Platinum more than a decade ago and generated years of double-digit percentage returns by investing in often controversial businesses, a Reuters special report revealed.
New York-based Platinum has been caught up in federal investigation by the US Securities and Exchange Commission and the US Attorney&rsquo s offices in Manhattan and Brooklyn.
In June, a long-time associate was arrested on charges of bribing a union official to invest in Platinum, charges he has denied.
RHSW notes it is in ongoing contact with the SEC and the Department of Justice and that Platinum is the subject of &ldquo allegations of asset overvaluation&rdquo of its investments in mostly difficult-to-value fledgling companies.
Platinum reported assets of US$1.09 billion ($1.5 billion) for its flagship funds as at June 30, according to RHSW. The same filing notes potential liabilities of at least US$468.7 million on May 31.
The Cayman liquidators have begun examining allegations that assets were overvalued and are examining the cause of the funds&rsquo failures, according to the Chapter 15 filing.
An investigation by the liquidators involved the potential sale of Implant Sciences notes to Platinum insiders, according to the bankruptcy filing. The liquidators were also probing an investment by Platinum&rsquo s master fund into Northstar Offshore Group, according to the Chapter 15 filing.
Creditors of Northstar tried to force Northstar into an involuntary bankruptcy in Texas and the liquidators are trying to arrange financing for the company, according to the filing. Northstar had taken over the assets of another Platinum-owned energy company, Black Elk Energy Offshore Operations, just before it too went bankrupt.
Northstar investments account for 22% of the two Platinum funds, according to the bankruptcy filing.
The liquidators said a Northstar bankruptcy would result in a significant devaluation of Platinum&rsquo s holdings.
Platinum had agreed to provide hundreds of millions of dollars in funding to Asiasons Capital (now known as Attilan Group), Blumont Group and LionGold Corp. All in, the three Singapore-listed companies were poised to receive a total of US$560 million from Platinum and its affiliates &mdash equivalent to almost half the purported asset size of the hedge fund group at one point.
In September 2013, Attilan had also announced a plan to buy a 27.5% stake in Black Elk for US$171.7 million, comprising existing Black Elk shares held by the Platinum Partners Value Arbitrage fund as well as US$50 million in new Black Elk shares.
(See also: Was Black Elk the black swan that sank Asiasons, Blumont and LionGold?)
The deals were called off after shares of the three companies went into a tailspin in October that year. The following year, the Commercial Affairs Department began what it has called its biggest securities fraud investigation.
Black Elk later sold its assets to Houston-based companies Renaissance Offshore and Northstar, sales that allowed Platinum and its investors to earn a modest profit on their investment in Black Elk.
Macqueen ( Date: 24-Oct-2016 20:16) Posted:
Tomorrow I will short big DYODD
sh0rthere ( Date: 24-Oct-2016 19:36) Posted:
| You mean you expected any profit statement from this casino chip? LO |
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Tomorrow I will short big DYODD
sh0rthere ( Date: 24-Oct-2016 19:36) Posted:
You mean you expected any profit statement from this casino chip? LOL
mepkoh ( Date: 24-Oct-2016 18:54) Posted:
3q.profit warning out..
run for your life
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You mean you expected any profit statement from this casino chip? LOL
mepkoh ( Date: 24-Oct-2016 18:54) Posted:
3q.profit warning out..
run for your life
mepkoh ( Date: 24-Oct-2016 18:44) Posted:
becaUSE OF ABL..MANY BECOMES BANKRUPT NOW
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becaUSE OF ABL..MANY BECOMES BANKRUPT NOW
NoMoney ( Date: 24-Oct-2016 18:08) Posted:
where is isolator when this is going up .....
as isolator kept promoting this when rock bottom 0.001~0.002 kept saying long and enjoy. think he is enjoying now haha no time to post
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I can' t imagine people are still describing ABL with fundermentals, their fundermentals are shite even in their glory days. Such stocks are pure gambling. Put your money on the table and walk off. either lose all or gain 2x, 3x, or even 10x.
NewgenShifu ( Date: 24-Oct-2016 15:10) Posted:
Be careful.......can drop back to 0.001.....Just use your brain to evaluate the fundamentals....
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Hopefully but diffcult leh...
bishalnb ( Date: 24-Oct-2016 15:06) Posted:
can see 0.005c today? 
bishalnb ( Date: 20-Oct-2016 15:04) Posted:
so fast came already 
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Took 3 years from 2 dillars to 2cts..let see whether we have a reversal from here..or prepare to lose all.
seanpent ( Date: 24-Oct-2016 11:42) Posted:
 ... nice call ... hope liongold & blumont will be next ...
lglg666 ( Date: 24-Oct-2016 11:37) Posted:
| The Shining Star of 2016! |
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... nice call ... hope liongold & blumont will be next ...
lglg666 ( Date: 24-Oct-2016 11:37) Posted:
The Shining Star of 2016!!
seanpent ( Date: 24-Oct-2016 08:41) Posted:
wow ..... ISR was only 0.006 ? now super multi-bagger .....
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The Shining Star of 2016!!
seanpent ( Date: 24-Oct-2016 08:41) Posted:
wow ..... ISR was only 0.006 ? now super multi-bagger .....
XTC855 ( Date: 22-Oct-2016 23:33) Posted:
if this stock can go up like isr will be good..when it was 0.006ct bought 1m only 6k now worth at least few hundred k or million??..if didint sell along the way.
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Ready for big wave...... for those loaded (me including), get to high ground and watch the show..... (Hope show time soon)....
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