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Since the Co does not have the minimum no of directors to comply with SGX regulations, the Independent Review Report should be released with whatever reservations expressed by the directors notated.
It is about time for the Authority and Regulator to call for the release of the report which had been long overdue...
The BOD owes the shareholders and other stakeholders to release the independent review report. Whether there are or there are no material findings, the stakeholders have waited long enough to know the findings and conclusions.
It is about time for the Authority and Regulator to call for the release of the report which had been long overdue...
The BOD owes the shareholders and other stakeholders to release the independent review report. Whether there are or there are no material findings, the stakeholders have waited long enough to know the findings and conclusions.
IDs tio sacked as they took responsibility for the lapses. Collected enough $$ for years
not doing their jobs.
a new starts better...new directors...
not doing their jobs.
a new starts better...new directors...
Directors could have waited for the release of the independent review report before tendering their resignations..
Since these directors have been with the co for more than 9 years - why the enmass reignations purported to pursue more time elsewhere, etc.
It is time for the Authority and Regulator to call for the release of the independent review report. What is the purpose of to and fro Maxwellisation when the 3 directors suddenly quit together. It should be released with the areas of disagreements reflected, and for the Authority and Regulator to determine the report.
Since these directors have been with the co for more than 9 years - why the enmass reignations purported to pursue more time elsewhere, etc.
It is time for the Authority and Regulator to call for the release of the independent review report. What is the purpose of to and fro Maxwellisation when the 3 directors suddenly quit together. It should be released with the areas of disagreements reflected, and for the Authority and Regulator to determine the report.
dun be surprised...MBO............
3 Spackman directors resign, cite exploring &lsquo other corporate endeavours&rsquo as a reason
THREE directors of Spackman Entertainment Group have handed in their resignations, and will leave the company either on Jul 20 or once a &ldquo suitable replacement&rdquo for their respective roles have been found, whichever is earlier, the company announced in a series of regulatory filings on the evening of Monday (Jun 20).
Elaborating on the reasons for the string of director cessations, Spackman said the 3 executives were leaving to explore or devote more time to &ldquo other corporate endeavours&rdquo , as well as to allow the company to refresh its board and improve its capabilities and diversity.
However, the trio have agreed to continue to assist with the independent review that Spackman is undergoing currently, as well as any follow-up issues.
Non-independent non-executive director Richard Lee was appointed to his position in February 2019. The 48-year-old holds a direct interest of about 1 million shares in Spackman.
Spackman&rsquo s lead independent director Jessie Thong, 55, also handed in her resignation. The company noted that Thong has served as a company director for close to 9 years.
With her departure from the company, she will also relinquish her position as the chairman of the nominating committee, as well as her roles as a member of the audit and risk management committee and the remuneration committee.
Thong is also currently on the board of another Singapore-listed company, iWOW Technology, among other companies.
Independent director Ng Hong Whee, 55, is the third director to go, and he too has served as a director of the company for close to 9 years. He will give up his roles as the chairman of the remuneration committee, as well as a member of the audit and risk management committee. Ng is also presently on the board of another listco, LS 2 Holdings.
Spackman said that its sponsor, RHT Capital, has interviewed all 3 directors and is satisfied that there are &ldquo no other material reasons&rdquo for the resignations of the trio.
With the resignations, Spackman will only have 1 member each on the audit and risk management committee and the remuneration committee.
The resignations mean Spackman will not meet the minimum number of not less than 3 people in the audit and risk committee, said the group, adding that it &ldquo will endeavour to fill in the vacancy&rdquo within 2 months but not later than the 3 months in accordance with the Catalist rules.
poor records keeping?
no violations of rules?
no violations of rules?
Yeh, investigator regd, sgx no power to investigate, only can query and query.
TeoMark ( Date: 20-Jun-2022 12:09) Posted:
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CAD go raid their office better.
lailai ( Date: 20-Jun-2022 12:02) Posted:
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SGX shd investigate. If they can' t, they shd get the FBI or scotland yard.
moonsun ( Date: 20-Jun-2022 10:57) Posted:
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Spackman on Aug 6 said it had entered into share sale and purchase agreements calling for the issuance of new ordinary shares with a total value of US$4.0 million to purchase over 1.34 million SMG shares, or 4.23 per cent equity interest in SMG. SMG' s NTA and NAV was US$7.9 million and US$12.7 million respectively, based on its audited financial statements for the full year ended Dec 31, 2017."
The said security company ceased coverage subsequently. Anyone can go and shout on the Target Price and then ceased coverage.
How they derived the TP.. do they do a look back.. and said I was wrong here, wrong there... ..
No they just ceased coverage.
The Roundup - production and dsitrubution co
Production & Sales Company
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YOO Young-chae - Producer
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B.A. Entertainment - Production
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Hong Film - Production
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K-MOVIE ENTERTAINMENT - International Sales
Do not be deceived, Spackman used to put a stake probably a small stake in " Train to Busan" ...
you can invest in the film production, but how much is it?
That is the question.
Look at the past history where the company started trading at 50 cents to its now 0.4 cents? asked yourself why?
another box office?
hopefully, the co can pay some dividends soon..
moonsun ( Date: 20-Jun-2022 11:14) Posted:
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Anal-yst ? now not even 1c.
Curious they recently sold zip n cash 21m .
So much monies made over yrs from film.
But no dividend and what happens to all these $$?
Errrr
Curious they recently sold zip n cash 21m .
So much monies made over yrs from film.
But no dividend and what happens to all these $$?
Errrr
tankoksee ( Date: 20-Jun-2022 11:10) Posted:
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the analyst' s last time target is 10 cts...
moonsun ( Date: 20-Jun-2022 10:57) Posted:
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Given so much $ made in the past, this stock should be 40c now and not 0.004 , what happen to the profits ? Curious
Eagleman ( Date: 20-Jun-2022 10:44) Posted:
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Which past films gross collection was more than The Roundup?
2022 The Guest (Q2 2022)
2022 The Rounduop ($91,653,761)
2022 Air Murder/Toxic ($1,164,718
2021 The Box ($757,400))
2021 The Box ($757,400))
2021 Midnite ($749,611)
2021 Nothing Serious ($4,872,963)
2021 A Year End Medeley ($805,297)
2021 The Midnight ($749,611)
2020 Alive ($12,713,551)
2020 Moving On ($141,270)
2019 Crazy Romance ($19,813,538)
2019 Jesters, The Game Changer ($4,163,198)
2018 Default ($24,558,819)
2018 Negotiation ( ($13,560,616)
2018 Rose of Betrayal (
2018 Be With You ($16,561,239)
2018 Golden Slumber ($9,086,599)
2018 Master ($14,543,822)
2017 The Outlaws ($44,839,202)
technically, 10/11 otw...
Try to use the market template on revenue sharing to previous bigger box offices of the Co, it does not apply.
Basically, the equity interest the Co has in the film was insignificant. The co only recovered costs of production with a minisicule markup.
So dont get caught in the Gross Office amount, checked on past history and why the share price of the Co kept plunging.
Even so called placement to an astute investor, also saw price plunging subsequent.
This Co has delayed long enough for no good reason - on the independent review on the prices it paid for the acquisition of its subsidiary. The question then and now is whether it is an independent, arms length, unrelated party transactions.
Time for the Regulator to call for the publication of the independent review on this issue. Stop the to and fro, endless maxwellization.. It is a BS because at the time of acquisition, the managment and the Board delcared that the deal did not involve related parties... How the BOD and management made that declaration?
Basically, the equity interest the Co has in the film was insignificant. The co only recovered costs of production with a minisicule markup.
So dont get caught in the Gross Office amount, checked on past history and why the share price of the Co kept plunging.
Even so called placement to an astute investor, also saw price plunging subsequent.
This Co has delayed long enough for no good reason - on the independent review on the prices it paid for the acquisition of its subsidiary. The question then and now is whether it is an independent, arms length, unrelated party transactions.
Time for the Regulator to call for the publication of the independent review on this issue. Stop the to and fro, endless maxwellization.. It is a BS because at the time of acquisition, the managment and the Board delcared that the deal did not involve related parties... How the BOD and management made that declaration?
' The Blur Sotong - Based on the true story of SGX RegCo'
tankoksee ( Date: 20-Jun-2022 09:27) Posted:
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the squid - season 2 is coming..