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Hypersonic

Aiyo when was that huh? Just started work not Long, where got so much spare cash

 

GFC....you got so young bo?

 

:a-fun:

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(edited)

GFC....you got so young bo?

 

:a-fun:

Bro, you should share with the folks here how you made $16mil that time

 

 

Edited by Throttle2
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Hypersonic

Bro, you should share with the folks here how you made $16mil that time

 

ððµ

today you aiming at me is it?
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how many baggers when EZRA shot back to $1? [sly][laugh]

 

For those that miss citi at $1 and miss the property boom

 

there is always EZRA at 1 cent.  [thumbsup]

 

:D

 

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For those that miss citi at $1 and miss the property boom

 

there is always EZRA at 1 cent. [thumbsup]

 

:D

Too dangerous for me :D

I give it a miss :)

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Ezra faces US$194.5m claim tied to Lewek Champion lease

 

 

OFFSHORE and marine group Ezra Holdings is facing a claim for US$194.5 million as the guarantor of a bareboat charter on pipelay vessel Lewek Champion.

 

Ezra disclosed the claim in an announcement issued on Sunday, stating that Hai Jiang 1401 Pte Ltd, the vessel-owning unit of ICBC Financial Leasing Co Ltd, has demanded a payment of the termination sum of US$194.5 million within 15 days from the date of a notice of termination.

 

The notice of termination was served to Ezra on March 9, 2017, two days after Ezra's associate Emas Chiyoda Subsea (ECS) and its affiliates filed a debtor's motion with the US Bankruptcy Court to reject a back-to-back bareboat charter dated Feb 19, 2014 on Lewek Champion, a vessel in Emas Offshore Limited's (EOL) operating fleet.

 

Hai Jiang 1401 noted the debtor's motion filed to reject the bareboat charter in its notice of termination.

 

 

In addition, the vessel owner also cited three other events supporting its notice of termination.

 

 

 

First, Lewek Champion Shipping Pte Ltd, a wholly owned subsidiary of EOL, has defaulted on payment of US$1.6 million payable under the bareboat charter.

 

Second, ECS being the sub-sub-charterer of the vessel, has also filed an application to the Singapore courts for a stay order on claims against the company, following a Chapter 11 application with the US bankruptcy court.

 

Third, Lewek Champion was seized and/or detained by Huisman Equipment BV in Xiamen, China since Feb 18, 2017.

 

Hai Jiang 1401 had appointed Joshua James Taylor and Yit Chee Wah of FTI Consulting (S) Pte Ltd as the joint receivers and managers of certain assets of the vessel charterer, Lewek Champion Shipping Pte Ltd.

 

Ezra and its affected direct or indirect subsidiaries are seeking legal advice on the impact of Hai Jiang 1401's notice of termination, claim and appointment of joint receivers and managers.

 

http://www.businesstimes.com.sg/companies-markets/ezra-faces-us1945m-claim-tied-to-lewek-champion-lease

 

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now trading at 0.011... sianz 1/2 liao... i hope the Lee Family manage to pull the rabbit out of the hat with this one.. anymore thing they can sell to prop up their share prices i wonder?

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My good friend went in at 6c. Said nothing to lose since so low. Just gamble.

 

I warned of the likelihood of total loss.

 

But good income earner, money can earn again, just a pity did not capitalise on advantage.

High risk, high gain, low risk, low gain.

 

Should take risks but never extreme risks with chance of losing everything.

 

Most people either switch between taking no risks or taking extreme risks!

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now trading at 0.011... sianz 1/2 liao... i hope the Lee Family manage to pull the rabbit out of the hat with this one.. anymore thing they can sell to prop up their share prices i wonder?

Lee Family embroiled in their own trouble. Sentosa cove house alao sell, gCB also sell.

What more you want them to sell?

Rolex watches?

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now trading at 0.011... sianz 1/2 liao... i hope the Lee Family manage to pull the rabbit out of the hat with this one.. anymore thing they can sell to prop up their share prices i wonder?

 

10% up. How many people

 

can say their investment

 

is making a 10% return.  [thumbsup]

 

:D

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Lee Family embroiled in their own trouble. Sentosa cove house alao sell, gCB also sell.

What more you want them to sell?

Rolex watches?

 

Can sell car and overseas properties... LOL. Better not sell Rolex and become your competitors...Haiz... cannot imagine a billion dollar coy going down just like this... Poh Pee Poh Pee someone pls come and save them... Save the banks too if not they will only recover 2 cents from each dollar they loaned out...

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10% up. How many people

 

can say their investment

 

is making a 10% return.  [thumbsup]

 

:D

 

Haven't end trading leh... somemore i bought in at 0.015... think need to hedge against this bet liao... Healthway medical group looks tempting, heard their former chairman declared bankruptcy in the news today... Will Pak Riady whoot them big big anot?

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Haven't end trading leh... somemore i bought in at 0.015... think need to hedge against this bet liao... Healthway medical group looks tempting, heard their former chairman declared bankruptcy in the news today... Will Pak Riady whoot them big big anot?

 

1.5c is a bit high to go in.

 

Should only take the risk when its 1 cent.

 

I think Healthway if the drops enough is

 

worth the risk.

 

:D

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1.5c is a bit high to go in.

 

Should only take the risk when its 1 cent.

 

I think Healthway if the drops enough is

 

worth the risk.

 

:D

 

 

 

 

He that observeth the wind shall not sow; and he that regardeth the clouds shall not reap. Eccl 11:4, how much drop is enuff? Dun think HMC stocks will go to 1ct...

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He that observeth the wind shall not sow; and he that regardeth the clouds shall not reap. Eccl 11:4, how much drop is enuff? Dun think HMC stocks will go to 1ct...

 

I think its 4c now. 

 

Maybe 1.5 cents

 

can go in?

 

:D

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