Ezion   

ezion views

I came to accept we need not recoup losses through the same counter or means.
Ezion I have long written off when it was suspended. The potential investors must have done their due diligence and knew it was a hopeless case. Else aone of the deals would have gone through. Lets move on to other better counters.

Wishing all a  Happy & Huat year ahead!

 

Sure getting paid. Such elitism mindset is helping themselves with the money while telling shareholders to pray for the best.

SAVIORFOREVER      ( Date: 30-Dec-2021 22:54) Posted: Wonder if the directors still drawing their directing fees (Direct Ezion to the grave)? 😡 Trade with Karma and DYODD TraderBen      ( Date: 30-Dec-2021 21:41) Posted: They still continue to draw salary until liquidation.. shit them..

 

Of course they do, even after grave, they still work. Nothing is Free here

SAVIORFOREVER      ( Date: 30-Dec-2021 22:54) Posted: Wonder if the directors still drawing their directing fees (Direct Ezion to the grave)? 😡 Trade with Karma and DYODD TraderBen      ( Date: 30-Dec-2021 21:41) Posted: They still continue to draw salary until liquidation.. shit them..

 

 

Bye Bye Ezion..............

 

Wonder if the directors still drawing their directing fees (Direct Ezion to the grave)? 😡



Trade with Karma and DYODD

TraderBen      ( Date: 30-Dec-2021 21:41) Posted: They still continue to draw salary until liquidation.. shit them.. camelhump      ( Date: 30-Dec-2021 19:49) Posted: Some Mgnt are happy to delist the Companies without really trying, maybe they dont loose much themselves

 

For cases like below, which is common now, what happen if shareholders dont collect the physical cert. 
The Company wishes to inform shareholders of the Company that shares held with the CDP prior to the Delisting Date will have their shares withdrawn from the CDP once the Company has been delisted from the SGX-ST. Due to the lack of funds, physical share certificates shall not be distributed to shareholders after the delisting. In the event that shareholders require physical share certificates, shareholders may contact the Company to request for the same, strictly at their own costs.
 

 

They still continue to draw salary until liquidation.. shit them..

camelhump      ( Date: 30-Dec-2021 19:49) Posted: Some Mgnt are happy to delist the Companies without really trying, maybe they dont loose much themselves

 

Some Mgnt are happy to delist the Companies without really trying, maybe they dont loose much themselves 

 

That CEO always talked about god , is he really a good man to begin with ?

 

There are still good stocks in SGX. But the time and effort needed to identify these solid and valuable stocks are more than identifying these stocks in other markets..I pray for the vested holders and hope god will punish them..what comes around goes around..maybe not in this life but afterlife..cheers..

TraderBen      ( Date: 29-Dec-2021 23:38) Posted: I don?t trust SG counters anymore. 90% are nonsense. Was hit by the s chips 10 yrs back . Now this. Prob not destined to buy stocks. Looking at the shale companies in USA. How hard they got hit also don?t hv to liquidate chiachiawee      ( Date: 29-Dec-2021 23:27) Posted: The sad thing is there is hardly ?if only?, but you would have retired few years earlier ?if? you had bought Tesla. Anyway, money can make back. SGX is certainly one place that test conviction and foresight. Some mediocre counter produce massive returns while some reputable counters produce mediocre returns. Cheers.

 

Ezion to wind up as protracted attempt to restructure, recapitalise fails
THU, DEC 30, 2021 - 8:45 AM

TROUBLED liftboat operator Ezion Holdings will be proceeding to wind up as it could not find a potential investor with a proposal that can secure enough support from its major creditors, it said in a bourse filing on Thursday (Dec 30).

Since an investment plan lapsed in September last year, the company had been trying to restructure via its disposal plans, and talking to potential investors to recapitalise the group or realise the value of its listed status.

But on Thursday, Ezion said in a status update that the company, after speaking to several potential investors, will not continue with its restructuring and recapitalisation efforts given that it does not have continued support from its secured creditors.

It then identified winding up the company as the next step if it were to act in the best interest of its creditors, since it could not pay its debts and is cashflow insolvent.

Liquidating Ezion would ensure " an orderly wind down of the affairs of the company" under the control of a court-appointed liquidator, it said, adding that the move is also " the most time-efficient and cost-effective manner" to realise value  from the remaining assets of the company.

Trading of Ezion shares had been suspended since early 2019.

Ezion said on Thursday that it will no longer be in a position to submit a proposal for trading to resume due to its intention to proceed with liquidation.

It also stated that it will not be able to release its financial statement for the third quarter ended Sept 30, 2021, although the Singapore Exchange Securities Trading had granted a time extension.

This is because its finance staff members have resigned and the company lacks further resources to do so, it said.

Ezion said it will make further announcements as and when there  are developments on its status, including the commencement of liquidation proceedings.

https://www.businesstimes.com.sg/companies-markets/ezion-to-wind-up-as-protracted-attempt-to-restructure-recapitalise-fails

 

Charisma energy next. Same chew.

 

Everything is zero. Borrowing costs of zero is zero.


Trade with awareness and DYODD

ksangks      ( Date: 30-Dec-2021 09:46) Posted: Those who has outstanding short positions , how to buy back to cover ? \ Continue to pay borrowing costs ? MakeChanges      ( Date: 30-Dec-2021 09:43) Posted: company declared that they will not resume trading

 

Gents, it was unavoidable, considering mismanagement and an incompetent management team.   Don' t you worry about the officers and management positions they have taken good care of themselves already.   We have had dealings with them in the past and concluded then that they were an incompetent bunch of crooks.   People like them should not be put in a position of authority and be able to gamble with creditor' s and investor' s money. 

 

reckon their personal wealth still untouched, shareholders suffer in painfully. regulators should limit trading halt and not go on indefinitely. if it was still trading, ezion perhaps would get high stock value and this could have saved them since creditors would look at the share value and perhaps force sell some shares fm mgmt to recover interest payment
very sad such indefinite trading halt should be allowed. hope mas can seriously look into it

SAVIORFOREVER      ( Date: 30-Dec-2021 11:15) Posted: God is punishing Ezion management for their incompetency? Wonder how much they're paid for their incompetent work? Trade with God and DYODD TraderBen      ( Date: 30-Dec-2021 05:48) Posted: I think unlucky also. Yison supposed to save then Covid hit. Taiwan deal supposed to help. Then cancelled.. the management did their best. But just a debt too much to pay with depreciating assets

 

God is punishing Ezion management for their incompetency?
Wonder how much they're paid for their incompetent work?


Trade with God and DYODD

TraderBen      ( Date: 30-Dec-2021 05:48) Posted: I think unlucky also. Yison supposed to save then Covid hit. Taiwan deal supposed to help. Then cancelled.. the management did their best. But just a debt too much to pay with depreciating assets

 

for this im not sure bro... have to check with your trading company...

ksangks      ( Date: 30-Dec-2021 09:46) Posted: Those who has outstanding short positions , how to buy back to cover ? \ Continue to pay borrowing costs ? MakeChanges      ( Date: 30-Dec-2021 09:43) Posted: company declared that they will not resume trading

 

Those who has outstanding short positions , how to buy back to cover ? \
Continue to pay borrowing costs ?

MakeChanges      ( Date: 30-Dec-2021 09:43) Posted: company declared that they will not resume trading

 

From the announcement, yes....

vivacious      ( Date: 30-Dec-2021 09:12) Posted: no hope of revival back in trading?