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2014-01-01 19:09 | Report Abuse
Texas objects to SJ30 sale to mystery buyer
By: JOHN CROFT WASHINGTON DC
The State of Texas in asking the US bankruptcy court to halt the proposed sale of San Antonio-based Emivest Aerospace to an undisclosed buyer, an action set to take place by mid-February. Emivest builds the aircraft formerly known as the Sino-Swearingen SJ30 twin-engine business jet.
"The motion is being presented on shortened notice with a skeletal description of sale terms and no discussion of how existing secured claims will be treated," says Texas attorney general Greg Abbott in the 24 January objection letter to the court. "The buyer has not even been identified yet." The proposed sale and Texas' objections are topics on the agenda for a 31 January court hearing.
According to the letter, Emivest owes the state approximately $900,000 in taxes and liens.
Emivest declared Chapter 11 bankruptcy in October after delivering only two of the $7.25 million jets. Previous owner Sino-Swearingen also delivered two aircraft before selling the company in 2008. During bankruptcy proceedings, Emivest said it had been in contact with "as many as 15 potential purchasers or long-term investors".
Though the company has not stated its intended buyer, a letter of support from SJ30 engine provider Williams International in December revealed the favoured party, at least at that time.
"Together with jet designer Ed Swearingen, my late father conceived and launched this project, and also invested several million dollars in its critical start-up phase," wrote Gregg Williams, chairman, president and CEO of Williams in a 7 December letter to the court in support of Emivest's sale proposal.
Williams identifies the buyer as the Chinese aviation industry general aviation (CAIGA), aka Avic General Aviation, the group that bought the assets of bankrupt Epic Air in April 2010 for $4 million and is currently in the process of purchasing the piston engine business of Teledyne for $186 million.
"As the SJ30's most patient and important supplier, I urge you to accept the CAIGA's bid for the assets of this bankrupt program," Williams writes, adding that CAIGA is capitalized at "roughly $1.5 billion and is committed to investing more than $100 million" to re-establish and improve the SJ30 production line.
Filings by Emivest however do not mention the buyer by name, leaving Texas in the dark.
"Attempts to obtain more detailed information from debtor's counsel have been ignored, with the counsel involved in negotiating and drafting the sale terms refusing to respond to telephone calls or emails requesting to discuss the proposed sale," the state's objection continues. "Due process is being denied."
http://www.wikinvest.com/wikinvest/api.php?action=viewNews&aid=2271836&page=Stock%3AEmivest_%28KUL%3A7125%29&format=html&comments=0
at last a malaysian company...JETLINE INTERNATIONAL SDN BHD (M) bought it!!!
ini najib razak punya sebenarnya!!!
2014-01-01 18:56 | Report Abuse
2014-01-01 01:47 | Report Abuse
my TP is RM2 ...bila boleh kena martin?
2013-12-29 02:45 | Report Abuse
haiya dreamhunter baru balik hisap rokok...komputer belum tutup...and seing this all by u...bukan lu tanya derick ke tadi...gua tolong jawab sama lu...sikalang lu kata gua pulak..lu tengok ni:
fikirkan boleh...boleh
jika kau fikirkan kau boleh
kau hampiri kejayaan
jika ragu-ragu
kau hampiri kegagalan
fikirkan boleh
kau boleh
kau boleh
kau boleh
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Posted by derrickinvestor > Dec 29, 2013 02:12 AM | Report Abuse
@dreamhunter be confidence BUT dont over confidence
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Posted by DreamHunter > Dec 29, 2013 02:17 AM | Report Abuse
Do you have a line that you could draw on the sand for me, Derrick? Between confidence and over-confidence.
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Posted by ladzatz > Dec 29, 2013 02:24 AM | Report Abuse X
the line?
a confident guy may have a TP of RM3 for sumatec
an over confident guy may have a TP of RM5 for sumatec
then the the stock rallies to RM3.15
surely the confident guy has sold his
while the over confident one still waits
then the price when south to RM2 after couple of days
then again to RM1
then again to RM0.50
then again to 7 cents...while the over confident one keeps averaging
why not?
he's so over confident...haha
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haiya u're the one who asked..and now u yg malah?...bye...sudah 4 kali bye ini hali...bikin wa sedih saja...bye
2013-12-29 02:32 | Report Abuse
its only an example between the confident and an over confident guys...in term of the TP...and what's the peak price..its the scenario...not precisely...bye
2013-12-29 02:29 | Report Abuse
why want to stop smoking hah drimhanter? smoking best what...rugi sapa tak smoke...ahhh...want to have a smokelah..better close the computer and have some smoke in the jamban before go to sleep...bye-bye dreamhanter
2013-12-29 02:24 | Report Abuse
the line?
a confident guy may have a TP of RM3 for sumatec
an over confident guy may have a TP of RM5 for sumatec
then the the stock rallies to RM3.15
surely the confident guy has sold his
while the over confident one still waits
then the price when south to RM2 after couple of days
then again to RM1
then again to RM0.50
then again to 7 cents...while the over confident one keeps averaging
why not?
he's so over confident...haha
2013-12-29 02:16 | Report Abuse
engkaulah apa yang kau fikirkan
terkandung dalam pemikiran
fikirkan boleh...boleh
jika kau fikirkan kau boleh
kau hampiri kejayaan
jika ragu-ragu
kau hampiri kegagalan
fikirkan boleh
kau boleh
kau boleh
kau boleh
2013-12-29 02:10 | Report Abuse
that time u must change name to DreamNoMore...hahahaha
2013-12-29 01:46 | Report Abuse
may be wellington and epf conspire together?...hmmm...because each of them has more than 130m shares!!! so mesti pakat ..baru boleh tampal...kalau tak koyaklah
2013-12-29 01:27 | Report Abuse
and why did u put the word "proper" in the phrase "proper long term investor"?...hmmm very musykil...ok bye...moving to other thread...hahaha
2013-12-29 01:23 | Report Abuse
Posted by DreamHunter > Dec 29, 2013 01:16 AM | Report Abuse
Nope. I'm a proper long term investor. And so many others too.
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hmmm...what u said about yourself...could be true...but the others...very weird...how do u know that they're like u? hmmm...very interesting....hahahaha
2013-12-29 01:20 | Report Abuse
Posted by Rajinikanth > Dec 29, 2013 12:30 AM | Report Abuse
Is it true they said u cakap kosong Dickme?
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boss..are u sure u are newbie here? hmmm...know what...i can read abc...hahaha
2013-12-29 01:18 | Report Abuse
Posted by DreamHunter > Dec 28, 2013 11:18 PM | Report Abuse
And your friends Poor Man, ANZB, Alena Chong n some others too. Must've all been cursing the day they were born.
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really??? clise..hahaha
2013-12-29 01:15 | Report Abuse
sang jero..just want to ask...your comment..why resembles pantech thread...and why repeating everyday??? hahaha
2013-12-29 01:12 | Report Abuse
i think 60% people in here are all sharks!!!! hahaha
2013-12-29 00:56 | Report Abuse
naik yang naik...tanpa sebab yang kukuh...ini bahaya
2013-12-27 17:38 | Report Abuse
looiks why your beloved counter in narrow range...why cannot move up? too many shares?
2013-12-27 17:36 | Report Abuse
untung mesti mau banyak...tapi beli mesti sikit...baru boleh kaya ma
2013-12-27 17:35 | Report Abuse
enough, kalau turun nanti boleh average...jangan gelojoh...slow-slow
2013-12-27 17:32 | Report Abuse
no one want this loyar buruk counter ma...talk big but got nothing big
2013-12-27 17:30 | Report Abuse
0.845 is berani???? i thought RM 1 is berani
2013-12-27 17:22 | Report Abuse
it's worth waiting for 0.20..
just park there for 200,000 units...then tutup mata
hmmm....
0.20x200,000?
0.25x200,000?
hmm...near 25% profit in hand....kalau dapat in hand..lah..haha
2013-12-27 17:17 | Report Abuse
better buy mq tech...just waiting to rip the yield
2013-12-27 17:09 | Report Abuse
kcchong...what's the minimum TP for kfima?
2013-12-27 16:44 | Report Abuse
another mkland in the making
2013-12-24 18:17 | Report Abuse
Changes in Director's Interest (S135)
Disposed
20/12/2013
24,000
Joginder Singh A/L Bhag Singh
haha but that just a tip of the iceberg
2013-12-24 15:29 | Report Abuse
skeleton is arrogant and likes to talk rude to others...no wonder they responded against him with same tone
2013-12-24 15:20 | Report Abuse
wrong again anbz...bukak kedai seluar dalam "wanita"...baru best...hehehehehehe
2013-12-20 22:46 | Report Abuse
remember this was just 50 cents a few months ago..careful...anything is possible
2013-12-20 22:36 | Report Abuse
i thought i saw someone talks about betik?
where where? u know i like betik very2 much...nyum nyum nyum
2013-12-20 21:19 | Report Abuse
what proof u have that it is debt free now??
2013-12-15 17:58 | Report Abuse
u buy first..me buy later..what do u say? please buy many many...so we can wait lower lower..hahaha
1 month ago | Report Abuse
fuh rm7.50...kaya lah lu...ini macam boleh kawin dua
2013-12-14 01:10 | Report Abuse
don't sell...wait for bonus warrant...congrat...i don't have any ...but congrat for warrant u'll get while the company doesn't create any value for it
2013-12-14 01:07 | Report Abuse
i think the king maker ...may be CHATAR SINGH A/L SANTA SINGH
2013-12-14 01:04 | Report Abuse
i am thinking that the 1st group don't want the share to move up...while the 2nd group want it to go up
the 1st group related to directors...although CHENG YU KIAM is not a director
the 1st group lack money..yet they still got many bullets(shares)
the 1st group want to control the price...they too want to buy as many shares of mq tech...but lacking money ma...so they kasih tahan dulu ini harga
it seems the 2nd group have pushed the price before to 24 cents...and later up it to 20 cents after it fell to a low of 11 cents...but someone put a brake onto it (the 1st group)
now the 2nd group may have more shares...but at high price
i hope the 2nd group will ask money from najib or nafizudin or pegi angkat bank loan lah..megat sama zulqaisar sama raja abdullah (ini zulqaisar sama raja abdullah dulu director kah substantial shareholder in 'cyberwork' ace counter)
GO GO GO
silap
FLY FLY FLY mqtech
2013-10-16 16:32 | Report Abuse
latest Announcements 13 Dec 2013
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1491741
CHENG YU KIAM
Disposed 06/12/2013
400,000
Acquired 09/12/2013
210,000
Disposed 10/12/2013
160,000
let me see...
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the range of price on 06/12/2013 was 13 to 14 cents
the range of price on 09/12/2013 was 12.5 to 13 cents
the range of price on 09/12/2013 was 13 to 13.5 cents
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the price start falling with significant volume of 6,460,700
i think either he is the first whom sold at 4 cents on 06/12/2013 that triggered the "fall"...he may be the culprit
but i have proved before that CHENG YU KIAM bought at price around 16.5 cents...min price guarantee 16 cents...that is..if he is 'a clever shark'
unless he is a stupid one buying from 18 to 19 cents
..yet he is not playin contra..because the latest transaction involving this shark was on 13 nov..so why does he needs to dispose? may be for his gangs...or a counter attack against the 2nd group...or he is also playing other stock in bursa...may be to cover contra losses in other stock
i am guessing for now he is playing ...by selling at 13 cents and buying at 12.5 cents
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by the way zu1967..u are wrong...CHENG YU KIAM is a substantial shareholder...
HE IS NOT A DIRECTOR OF MQ TECH
and i have proved before that jutst one, one of the director bought alot at high price with high volume but only sold little at low price(TEH ENG HUAT)
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THIS shark- CHENG YU KIAM- way of transacting is quite abnormal....he is now just asking half cent profit and with low volume???
hey cheng yu kiam....u jangan cheng...u kena diam...jangan kiam.....u pegi diam kat cheng sana...u tau mana cheng?...jcool tanya mana this guy cheng? cheng kat melaka ma
2013-12-13 02:22 | Report Abuse
warrant sudah buang..now no need to tahan the mother ma...simple thinking..warrant just to make directors richer
Stock: [MQTECH]: MQ TECHNOLOGY BHD
2014-01-02 16:24 | Report Abuse
RM2...ini najib sama nafizuddin sama rosmah punya...i mean jetline....nanti pakatan rakyat tak boleh kritik rosmah lagi...go go go rosmah