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They can' t release because they haven' t got a restructuring deal with the bankers. Without the deal, I think they have to classify all bank debts as current liabilities.
Suspended Liao and going bankrupt. What to do? Release got use meh?
pnuklis ( Date: 06-Mar-2017 13:33) Posted:
Why are they not releasing the quarterly results? What is the hold up. The management is taking huge salary can do its basic job!!!!!!!!!!!!!!!!!!
May be they are in danger of running out of cash?
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Why are they not releasing the quarterly results? What is the hold up. The management is taking huge salary can do its basic job!!!!!!!!!!!!!!!!!!
May be they are in danger of running out of cash?
Doesn't looks good on Emas
Pray very hard
Not yet lose yet because shares just freeze cannot sell so consider not lose yet still in market for big and small share holders...
kerier ( Date: 04-Mar-2017 21:56) Posted:
???
beginners ( Date: 04-Mar-2017 21:39) Posted:
| Yes it's difficult where the money goes? |
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???
beginners ( Date: 04-Mar-2017 21:39) Posted:
Yes it's difficult where the money goes?
alishan ( Date: 04-Mar-2017 21:23) Posted:
With the suspension, the remaining shareholders practically lose their money. Then they lose money to who? The theory of zero-sum game is hard to understand for this case, isn' t it?
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Yes it's difficult where the money goes?
alishan ( Date: 04-Mar-2017 21:23) Posted:
With the suspension, the remaining shareholders practically lose their money. Then they lose money to who? The theory of zero-sum game is hard to understand for this case, isn' t it?
peterz ( Date: 19-Feb-2017 18:30) Posted:
If you thought all SGX stocks as a pool, all the money was in this pool.
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With the suspension, the remaining shareholders practically lose their money. Then they lose money to who? The theory of zero-sum game is hard to understand for this case, isn' t it?
peterz ( Date: 19-Feb-2017 18:30) Posted:
If you thought all SGX stocks as a pool, all the money was in this pool.
alishan ( Date: 19-Feb-2017 17:07) Posted:
I don' t catch what you mean. You said you lost $15k which is out of your pocket already. That money now goes to whose pockets? I don' t get any single cent from you, bcos I don' t trade any of your stock. Probably all people don' t even trade you stock. If you go to casino, whatever you lose the casino will get. But in your case, is the money going to SGX? It is unlikely. So now where the lost money go to?
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Suspend
http://emasoffshore.listedcompany.com/newsroom/20170228_233213_UQ4_85XZYUP08GKTKNXT.1.pdf
" Reference is made to the stock exchange announcement made by EMAS Offshore Limited (&ldquo EOL&rdquo or the &ldquo Company&rdquo ) on 7 February 2017 regarding the publication date for the FY 2016 audited annual report (the &ldquo AR2016&rdquo ). Reference is further made to the announcement from the Oslo Stock Exchange of 20 February 2017 placing the Company&rsquo s shares on special observation.
The Company will not be in a position to release the AR2016 within two months fthe publication deadline, and with reference to Circular 20/2009 issued by the Financial Supervisory Authority of Norway (the &ldquo NFSA&rdquo ), there is hence a risk that the shares of EOL will be suspended from trading with effect from 1 March 2017. Such suspension is likely to be implemented both on Oslo Stock Exchange and the SGX-ST.
This announcement is subject to disclosure in accordance with the Norwegian Securities Trading Act section 5-12.
The Company is dual listed on the Oslo Stock Exchange and the Singapore Stock Exchange" .
This Nair stock gone case
Zindarion ( Date: 28-Feb-2017 23:49) Posted:
Suspension is coming
joebloggs ( Date: 21-Feb-2017 12:20) Posted:
" Until the company has restored compliance with the financial reporting requirements of the continuing obligations of Oslo Bø rs, cf. Securities Trading Act section 5-5, and until clarification on the situation regarding possible going concern issues has been reached, price quotation will be subject to special observation. Oslo Bø rs would also like to draw attention to the statement from the Financial Supervisory Authority of Norway regarding trading halts in listed financial instruments on grounds of failure to publish periodic financial reports" http://emasoffshore.listedcompany.com/newsroom/20170220_230224_UQ4_KZ0Q2WW12N2K0W5Y.2.pdf.
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Suspension is coming
joebloggs ( Date: 21-Feb-2017 12:20) Posted:
" Until the company has restored compliance with the financial reporting requirements of the continuing obligations of Oslo Bø rs, cf. Securities Trading Act section 5-5, and until clarification on the situation regarding possible going concern issues has been reached, price quotation will be subject to special observation. Oslo Bø rs would also like to draw attention to the statement from the Financial Supervisory Authority of Norway regarding trading halts in listed financial instruments on grounds of failure to publish periodic financial reports" http://emasoffshore.listedcompany.com/newsroom/20170220_230224_UQ4_KZ0Q2WW12N2K0W5Y.2.pdf.
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" Until the company has restored compliance with the financial reporting requirements of the continuing obligations of Oslo Bø rs, cf. Securities Trading Act section 5-5, and until clarification on the situation regarding possible going concern issues has been reached, price quotation will be subject to special observation. Oslo Bø rs would also like to draw attention to the statement from the Financial Supervisory Authority of Norway regarding trading halts in listed financial instruments on grounds of failure to publish periodic financial reports" http://emasoffshore.listedcompany.com/newsroom/20170220_230224_UQ4_KZ0Q2WW12N2K0W5Y.2.pdf.
Hi peace, knowing loosing money is no good. Think if I am not wrong is trying to figure out :- if there is seller then there must be a buyer. So if it is damping stock and in bad shape who will be the buyer then.
peterz ( Date: 19-Feb-2017 18:30) Posted:
If you thought all SGX stocks as a pool, all the money was in this pool.
alishan ( Date: 19-Feb-2017 17:07) Posted:
I don' t catch what you mean. You said you lost $15k which is out of your pocket already. That money now goes to whose pockets? I don' t get any single cent from you, bcos I don' t trade any of your stock. Probably all people don' t even trade you stock. If you go to casino, whatever you lose the casino will get. But in your case, is the money going to SGX? It is unlikely. So now where the lost money go to?
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Wow seems like everyone is dumping Emas...
If you thought all SGX stocks as a pool, all the money was in this pool.
alishan ( Date: 19-Feb-2017 17:07) Posted:
I don' t catch what you mean. You said you lost $15k which is out of your pocket already. That money now goes to whose pockets? I don' t get any single cent from you, bcos I don' t trade any of your stock. Probably all people don' t even trade you stock. If you go to casino, whatever you lose the casino will get. But in your case, is the money going to SGX? It is unlikely. So now where the lost money go to?
peterz ( Date: 19-Feb-2017 12:20) Posted:
The money will be flew into other stocks, which are uptrend or pumped up.
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Time will tell whose pocket it goes into.
I don' t catch what you mean. You said you lost $15k which is out of your pocket already. That money now goes to whose pockets? I don' t get any single cent from you, bcos I don' t trade any of your stock. Probably all people don' t even trade you stock. If you go to casino, whatever you lose the casino will get. But in your case, is the money going to SGX? It is unlikely. So now where the lost money go to?
peterz ( Date: 19-Feb-2017 12:20) Posted:
The money will be flew into other stocks, which are uptrend or pumped up.
alishan ( Date: 19-Feb-2017 11:46) Posted:
I heard people say stock market is zero sum game. If someone loses money, the money will go to others. I am not sure how true it is. For illiquid stock which nobody shorts & price keeps dropping, where the money evaporates. Anyone can explain? 
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The money will be flew into other stocks, which are uptrend or pumped up.
alishan ( Date: 19-Feb-2017 11:46) Posted:
I heard people say stock market is zero sum game. If someone loses money, the money will go to others. I am not sure how true it is. For illiquid stock which nobody shorts & price keeps dropping, where the money evaporates. Anyone can explain?
peterz ( Date: 15-Feb-2017 12:53) Posted:
I sold all my 150 lots at 0.059 today and made a S$15K loss.
EMAS and EZRA might be suspended in the near future. Too many bad news.
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