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Epicentre Holdings
11-02-2017, 11:41 AM, (This post was last modified: 12-02-2017, 11:09 AM by CY09. Edit Reason: edits )
Post: #61
RE: Epicentre Holdings
Likely not due to waeken balance sheet

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07-04-2017, 08:41 PM,
Post: #62
RE: Epicentre Holdings
The issued share capital of the company comprises 159,474,600 shares and today's closing price is S$0.133.

Proposed Renounceable Non-Underwritten Rights Issue of Up to 797,373,000 New Ordinary Shares of the Company with Unlisted Warrants

Epicentre Holdings Limited is proposing to undertake a renounceable non-underwritten rights issue of up to 797,373,000 new ordinary shares of the company, @ an issue price of S$0.02 per rights Share, with up to 797,373,000 free detachable unlisted warrants, on the basis of five (5) rights shares for every one (1) existing share held by the shareholders of the company and one (1) warrant for every one (1) rights share.

The Exercise Price of  the warrant is S$0.10 and the Exercise Period is between the 18th and 24th month following the issue of the warrants.

The net proceeds arising from the allotment and issuance of all the rights shares (without taking into account the proceeds from the exercise of the warrants), after deducting estimated costs and expenses of S$150,000.00 relating to the rights cum warrants Issue, is approximately S$15,790,000.00

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Specuvestor: Asset - Business - Structure.
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07-04-2017, 10:52 PM,
Post: #63
RE: Epicentre Holdings
more money to pay off CY09's P2P loan

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10-10-2017, 12:36 AM,
Post: #64
RE: Epicentre Holdings

Tomorrow share price going to be epic ....

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10-10-2017, 09:44 AM,
Post: #65
RE: Epicentre Holdings
fraud case discovered by auditors and disclaimers issued! gosh! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 

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10-10-2017, 09:54 AM,
Post: #66
RE: Epicentre Holdings
If no police report made, is it a criminal case?
If the Board approved such transections, is it breaking any law?

Is there any regulatory oversight similar to COC overseeing the NKF and CHC saga?

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10-10-2017, 10:44 AM,
Post: #67
RE: Epicentre Holdings
(10-10-2017, 12:36 AM)desmondxyz Wrote:

Tomorrow share price going to be epic ....

Auditor's Report

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10-10-2017, 12:30 PM, (This post was last modified: 10-10-2017, 12:30 PM by Big Toe.)
Post: #68
RE: Epicentre Holdings
Hardly surprising. What is surprising is that they did not spend any effort to cover their own tracks.
If investors think that all listed companies will have shareholders as their priority, time to get a reality check.
Many times minority shareholders are a distraction, an after-thought.

If tracks are covered properly, there is little that can be done to detect or stop it. So, besides having a sound business, invest in honest management, companies that have integrity and is shareholder friendly. And don't count on independent directors to do any policing work.

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10-10-2017, 05:43 PM,
Post: #69
RE: Epicentre Holdings
How independent can an independent director be if he is nominated and voted in by the controlling shareholders and receive fees from the company. SGX and SID have zero concern over such a misleading term.

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