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24-07-2018, 09:01 PM
(This post was last modified: 26-07-2018, 08:49 PM by cyclone.)
(24-07-2018, 06:31 PM)karlmarx Wrote: Give them what they want, apologise unreservedly, and offer them a token sum to settle. Sometimes we have to bear the indignity, just so we don't put ourselves in a worse situation. Unless you have lots of cash to do legal battle with them...Even then there is nothing you could gain from it, unless you consider the embarrassment of the management as a gain.
We all have investments that totally bombed. It's better to walk away and move on to others.
Take care.
It is the Company that is suing. Why is the Company using shareholders' money to sue own shareholders?
Who is 'they' or 'them'?
The Company is a different animal when the mgt and board changes.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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'The Company is a different animal when the mgt and board changes.'
This is the key. How to change the board if you're a minority?
You can go public and try to win support from other minorities. Even then, Asiatic has a small number of minority shareholders, and these shareholders may have already written off their holdings. In other words, the shares they hold may be too little for them to care.
Another way is to win the support of the general public and/or press. This has also been attempted but since Asiatic has only a market cap of $14m, and no apparent value in the company, there is little interest from both the public and press.
I'm not saying it is okay to get pushed around. I'm saying that if it is too hard or too costly, then it may be better not to retaliate. I understand the anguish of unfair treatment, but pushing back doesn't always make things better. My time and energy is limited so I have to pick my battles wisely by choosing only those that I think have a higher probability of winning.
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24-07-2018, 11:26 PM
(This post was last modified: 26-07-2018, 08:53 PM by cyclone.)
Could you get help from Brian?
Afterall, I would imagine he should be seething with anger by now...
plus he would've a lot more to gain from a revamp of the board.
Or has he already written off this as a bad mistake?
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Well, Brian Chang already asked the Board to resign or else EGM. Will have to carry out what he says..
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Anyone can help me understand?
How many shares does the Tan family has of now?
How many shares does the Lim and Son has of now? Are they neutral or pro-Tan?
From the AR 2018, about 1000 shareholders has 99.99 of the shares.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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26-07-2018, 11:42 PM
(This post was last modified: 26-07-2018, 11:51 PM by cyclone.)
It's better it remains a mystery, considering his predicarement.
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Update on the Cease and Desist Letter
Quote:Further to the announcement made dated 20 July 2018, The Board of Directors (the “Board”) of Asiatic Group (Holdings) Limited (the "Company") would like to clarify its position and provide an update on this matter.
The Board would like to reiterate and clarify that the cease and desist letter (the "Letter") was not sent in respect of any queries on the Company raised by Mr Low Chin Yee. The Letter was sent as the Board, after consultation with its legal advisors, took the view that false and defamatory statements (the “Statements”) had been made against the Company and its management, and that the Company had to protect its reputation by issuing the Letter.
The Board notes that Mr Low has since removed his Statements from the public domain. As such, after considering the best interests of the Company, the Board has decided not to pursue the matter any further.
The Board would like to assure all shareholders that it continues to welcome all constructive feedback that are made in a responsible manner.
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Today extremely high vol.
Ystd climbed up .003 to $0.012 then today dropped .004 to $0.007.
No annoucements.
Anyone know of anything?
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