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Hi wahkao,
Please don't post any technical analysis post anymore in the future. Thanks.
Specuvestor: Asset - Business - Structure.
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Halted since yesterday. Wonder what happened.
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Halt for so long, it's either very good thing or very bad thing......
Red Ang Pow or White Ang Pow?
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28-01-2014, 03:06 PM
(This post was last modified: 28-01-2014, 03:07 PM by momoeagle.)
Ever consider halt on Monday, max 3 market days, then request trading halt to be lifted on Thurs, which is half day for SGX, then long weekend.... before a bombshell gets released... Hmm...
One company did this before I think....
By bombshell, it could be good or bad... Too early to tell
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(A) DEFAULT ON BOND INTEREST PAYMENT
(B) SUSPENSION OF TRADING PENDING VERIFICATION OF GROUP’S CASH BALANCE
© SUSPENSION OF CEO AND APPOINTMENT OF INTERIM CEO
http://infopub.sgx.com/FileOpen/Eratat-A...eID=272985
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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Opss....seems like the bondholder will receive shoes instead of cash as their interest....
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So people are left to wonder if the cash is real, how come no money for the bonds? Is the balance sheet a blatant lie?