Foreland Fabrictech

(29-08-2014, 08:16 PM)Behappyalways Wrote: My suggestion is to write to strait times forum and sias. Writing to strait times forum might get a response from our busy money making sgx

The ex-CEO who was the chief engineer of this S-Chip Wave had already gotten his big pay package and even a special award to him for not joining/starting a competitor in the form of shares. Sometimes, i do pity Mr MB who is cleaning up all these...

This is a message for fellow investors in Foreland:

We are gathering as many people as possible, who have been affected by the happenings at Foreland.

Please send me a private message if you would like to get further updates on happenings with this firm.

Regards,

sgmystique, yes! i think you are doing the right thing, minimum you need to organize a MS group and total how many shares can you gather? then at least u have a feel of what this group can do... eg, TsitWing (delisted) and easternholdings ...

I wish you best of luck!

I do not own any shares of this counter.

(05-09-2014, 10:28 PM)brattzz Wrote: sgmystique, yes! i think you are doing the right thing, minimum you need to organize a MS group and total how many shares can you gather? then at least u have a feel of what this group can do... eg, TsitWing (delisted) and easternholdings ...

I wish you best of luck!

I do not own any shares of this counter.

Hi brattzz,

Thanks a lot for your message. It is most encouraging

I have been investing in stocks for the last 23 years but I have never seen such a brazen display as in Foreland. It is high time we small shareholders start to believe in our rights and demand a honest answer as to what has really happened.

Honestly, the fact that Baker Tilly completely disowned the reported results and all the exisiting Independent Directors resigned is the most damning evidence.

I can understand a company going under due to continued business losses over the years. But this is a 30 year old company doing very well and then all of a sudden $60 million just vanish from the balance sheet. What really happened is for all shareholders to guess...

Dear Valuebuddies,

This is an earnest request. If you know of any Foreland shareholders (No matter how small, Foreland has more than 1100 individual shareholders. I met up with just 7 of them at the AGM) please ask them to contact me/ send me a private message.

We are a small group of exisiting shareholders who feel quiet genuinely aggrieved by all that has happened. We are hoping to get as many shareholders together as possible and give it our best shot to get any WRONGS done to us set RIGHT.

We are willing to put in as much time and effort as is required to get this done. You can be assured of that.

Please find outlined our plan of action (with timelines):

1. Prepare a detailed letter (Max of 2 pages) addressed to
(a) SGX
(b) SIAS

Timeline: To be done by 7th September 2014 (Sunday)

2. Fix meeting in Tanglin Mall for shareholders to sign the letter to SGX and SIAS

Timeline: 14th September 2014 (Sunday)

3. Submit duly signed letter (By as many shareholders as possible) personally/ by e-mail/ by courier to:
(a) SGX
(b) SIAS

Timeline: By 21st September 2014 (Sunday)

4. Write to Straits Times & Business Times Forum

Timeline: By 21st September (Sunday)

5. Plan a meeting of all shareholders after the submission of letter to the SGX/ SIAS as well as efforts in publicising the case through the local media.

Timeline: By 28th September (Sunday)

6. Make a physical representation to the SGX by visiting them (In case there is no reply to our complaint letter)

Timeline: By 3rd October (Friday)
Responsibility: As many shareholders of Foreland as possible.

We have already started work on Point 1 and we would like to make sure that the action plan detailed above is carried out by the timelines indicated.

Do wish us luck

Regards,

Heya sgmystique, did you setup a common gmail account? post it here also to increase the exposure!

(06-09-2014, 09:30 AM)brattzz Wrote: Heya sgmystique, did you setup a common gmail account? post it here also to increase the exposure!

Done brattzz!

Friends, feel free to communicate with me on Foreland at:

forelandfabrictech@gmail.com

BTW, the stock is amongst the Top 20 for today. Have not seen so much action on this counter for a long time...

Status update:

We have started getting signatures on our petition to the SGX regarding the happenings at Foreland.

I would like to request as many shareholders as possible to come forward and join us in our efforts to get answers to all our queries (these are detailed in the letter we have drafted out which is attentioned to the SGX). The number of shares you own is not important but YOUR SIGNATURES ON OUR PETITION ARE!!!
I would request you to send me a private message with your contact details and I can bring the letter which we are signing across to you.

We are planning to SUBMIT OUR PETITION TO THE SGX LATEST BY FRIDAY (19th September). Please appreciate that we need to have a sense of URGENCY on this matter before the value of our investments comes down to ZERO!

I would appreciate the support of as many Foreland shareholders as possible. Please remember WE HAVE TO PROTECT OUR RIGHTS OURSELVES. IF WE CONTINUE REMAINING SILENT PEOPLE CAN GET AWAY WITH ANYTHING THEY WISH!!!

Do let me know if you have any queries that I can assist you with.

Regards,

(06-09-2014, 07:08 AM)sgmystique Wrote: Dear Valuebuddies,

This is an earnest request. If you know of any Foreland shareholders (No matter how small, Foreland has more than 1100 individual shareholders. I met up with just 7 of them at the AGM) please ask them to contact me/ send me a private message.

We are a small group of exisiting shareholders who feel quiet genuinely aggrieved by all that has happened. We are hoping to get as many shareholders together as possible and give it our best shot to get any WRONGS done to us set RIGHT.

We are willing to put in as much time and effort as is required to get this done. You can be assured of that.

Please find outlined our plan of action (with timelines):

1. Prepare a detailed letter (Max of 2 pages) addressed to
(a) SGX
(b) SIAS

Timeline: To be done by 7th September 2014 (Sunday)

2. Fix meeting in Tanglin Mall for shareholders to sign the letter to SGX and SIAS

Timeline: 14th September 2014 (Sunday)

3. Submit duly signed letter (By as many shareholders as possible) personally/ by e-mail/ by courier to:
(a) SGX
(b) SIAS

Timeline: By 21st September 2014 (Sunday)

4. Write to Straits Times & Business Times Forum

Timeline: By 21st September (Sunday)

5. Plan a meeting of all shareholders after the submission of letter to the SGX/ SIAS as well as efforts in publicising the case through the local media.

Timeline: By 28th September (Sunday)

6. Make a physical representation to the SGX by visiting them (In case there is no reply to our complaint letter)

Timeline: By 3rd October (Friday)
Responsibility: As many shareholders of Foreland as possible.

We have already started work on Point 1 and we would like to make sure that the action plan detailed above is carried out by the timelines indicated.

Do wish us luck

Regards,

IMHO it's quite difficult to go through the minority shareholder route in terms of S-chip. It is at most a civil case in Singapore for China operations.

Your case is quite extreme so it might help if you present your case to CAD which is a criminal case if they accept, which though China has no repatriation agreement with us, at least I think better chances of response

All the best.. I do hope you succeed for your sake, and for the industry as a whole

Thanks for your support, specuvestor.

I know that we may end up with nothing, but a small group of us have decided that enough is enough and we cannot keep tolerating this kind of nonsense for ever...we have a clearly chalked out plan of action and going to the SGX is the first step. Let's see how things pan out.

Your best wishes are most welcome and if you know of any investors in Foreland, please do ask them to contact me

(15-09-2014, 11:34 AM)specuvestor Wrote: IMHO it's quite difficult to go through the minority shareholder route in terms of S-chip. It is at most a civil case in Singapore for China operations.

Your case is quite extreme so it might help if you present your case to CAD which is a criminal case if they accept, which though China has no repatriation agreement with us, at least I think better chances of response

All the best.. I do hope you succeed for your sake, and for the industry as a whole