RED HOT ! SWIBER DROPS LIQUIDATION PLAN
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 pmPosted 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 amPosted by: @danger
CAN SEE ALL THE.OFFSHORE AND MARINE STOCKS SURGING
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 amPosted by: @danger
CAN SEE ALL THE.OFFSHORE AND MARINE STOCKS SURGING
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 amPosted by: @lost_on_ezion
Sell into strength
the time u post SGX market not even open......haha
Posted: August 1, 2016 8:37 amPosted by: @danger
CAN SEE ALL THE.OFFSHORE AND MARINE STOCKS SURGING
CAN SEE ALL THE.OFFSHORE AND MARINE STOCKS SURGING
Rocket coming
Sell into strength
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
Monday all gap up
Posted: July 30, 2016 7:57 amPosted by: @danger
MANY SHORTISTS COULD BE SCRAMBLING TO COVER THE SHORTS IN THOSE OFFSHORE AND MARINE STOCKS
MANY SHORTISTS COULD BE SCRAMBLING TO COVER THE SHORTS IN THOSE OFFSHORE AND MARINE STOCKS
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.
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