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RED HOT ! SWIBER DROPS LIQUIDATION PLAN

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(@zandlery)
Posts: 2007
Noble Member
 

of cos anyhow say la.....when he posted....it 8.37am......market not even open yet.....where u see the surge.....must be dreaming la.......

promoting also never apply logic....haha

Posted: August 1, 2016 12:51 pm
Posted by: @jayarumah

Anyhow say ... where surge ? Ezra and Ezion surge where ? Technics and Oil leh ?

USOil companies results very bad .....those downline waiting for small crumbs to nimble not easy too

Posted: August 1, 2016 8:37 am
Posted by: @danger

CAN SEE ALL THE.OFFSHORE AND MARINE STOCKS SURGING

 
Posted : 01/08/2016 4:54 am
(@jayarumah)
Posts: 1473
Noble Member
 

Anyhow say ... where surge ? Ezra and Ezion surge where ? Technics and Oil leh ?

USOil companies results very bad .....those downline waiting for small crumbs to nimble not easy too

Posted: August 1, 2016 8:37 am
Posted by: @danger

CAN SEE ALL THE.OFFSHORE AND MARINE STOCKS SURGING

 
Posted : 01/08/2016 4:51 am
(@seanpent)
Posts: 1935
Noble Member
 

any rebound is an opportunity to exit & reduce losses ? think O& G stock like Ezra is not showing any sign that anything has improve ... sigh ... 🙁

Posted: July 30, 2016 10:53 am
Posted by: @lost_on_ezion

Sell into strength

 
Posted : 01/08/2016 4:47 am
(@zandlery)
Posts: 2007
Noble Member
 

the time u post SGX market not even open......haha

Posted: August 1, 2016 8:37 am
Posted by: @danger

CAN SEE ALL THE.OFFSHORE AND MARINE STOCKS SURGING

 
Posted : 01/08/2016 4:44 am
(@danger)
Posts: 2649
Famed Member
Topic starter
 

CAN SEE ALL THE.OFFSHORE AND MARINE STOCKS SURGING

 
Posted : 01/08/2016 12:37 am
(@danger)
Posts: 2649
Famed Member
Topic starter
 

Rocket coming

 
Posted : 31/07/2016 11:00 pm
(@lost_on_ezion)
Posts: 312
Reputable Member
 

Sell into strength

 
Posted : 30/07/2016 2:53 am
(@luckystrike)
Posts: 204
Estimable Member
 

I don't think so. Pandora's box already open.

Posted: July 30, 2016 8:29 am
Posted by: @johnng

Monday all gap up
Posted: July 30, 2016 7:57 am
Posted by: @danger

MANY SHORTISTS COULD BE SCRAMBLING TO COVER THE SHORTS IN THOSE OFFSHORE AND MARINE STOCKS

 
Posted : 30/07/2016 12:37 am
(@danger)
Posts: 2649
Famed Member
Topic starter
 

Yeah .. it is like your next block neighbour house is on fire .... and potential buyers of your house is asking for discount because your opposite house is burnt

 
Posted : 30/07/2016 12:33 am
(@johnng)
Posts: 2030
Famed Member
 

Monday all gap up

Posted: July 30, 2016 7:57 am
Posted by: @danger

MANY SHORTISTS COULD BE SCRAMBLING TO COVER THE SHORTS IN THOSE OFFSHORE AND MARINE STOCKS

 
Posted : 30/07/2016 12:29 am
(@danger)
Posts: 2649
Famed Member
Topic starter
 

MANY SHORTISTS COULD BE SCRAMBLING TO COVER THE SHORTS IN THOSE OFFSHORE AND MARINE STOCKS

 
Posted : 29/07/2016 11:57 pm
(@danger)
Posts: 2649
Famed Member
Topic starter
 

In a surprise move late yesterday evening, financially troubled oilfield services firm Swiber Holdings said it applied to discharge the provisional liquidation order and withdraw the winding-up application it made on Wednesday, opting instead to be placed under judicial management.

&ldquo On 28 July, 2016, the board of directors and the provisional liquidators have had discussions with the company &rsquo s major financial creditor who indicated that they are supportive of an application for the company to place itself into judicial management instead of liquidation. Today, the company and its subsidiary, Swiber Offshore Construction (SOC) have taken out applications to place the company and SOC under judicial management and interim judicial management, &rdquo Swiber said in a regulatory filing with the Singapore Exchange. In a major embarrassment, Swiber also said it had wrongly announced on Thursday the resignation of Mr Leonard Tay Gim Sin as group chief financial officer as he remains in the role.

Judicial management allows a company more room to reorganise its affairs under court supervision and may offer a better outcome to creditors and shareholders than a liquidation. Under the Companies Act, no other proceedings and no execution or other legal process shall be commenced against the company or its property, except with the consent of the judicial manager or with leave of the court.

 
Posted : 29/07/2016 11:54 pm
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