4 reasons OPEC will struggle to boost oil prices -The only way is to cut -Freezing output is not enough -Iran needs to be on board -How do you fine tune a global market?
Most Bondholders have voted . The frustration of trying to get them just to take calls is killing me . Of course I am trying a face to face but facing stone wall !
Run!...Debt is the main concern as they are unable to repay the debts...they are still asking for more funds...more funds...how? Yeah unless a white knight come and save it from close shop.
Perisai has set a meeting for Oct 3 - the maturity date - where it will need to obtain a 75 per cent approval from bond holders for its debt obligations to be successfully deferred. However, its bond holders representing about 32 per cent of the outstanding bond issue, on Sept 11 filed an acceleration notice with the trustee of the firm, sources said.
This means Perisai will have to offer new terms to its note holders, or be forced to redeem the bonds with immediate effect when the acceleration notice is eventually served.
Means good lor coz perisai got no choice but to comply only. Bad for investor lor coz they got no choice but to accept also then to get nothing if perisai close shop.
If the bondholders force the comp. to settle its debts upon maturity, and causes pn17, the bondholders will not a cents back. Unless agree to delay it's maturity to other period of time to give time for comp. to sell it's assets or takeover by other comp. or increase the comp. share price to settle its debts
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
joni
1,258 posts
Posted by joni > 2016-09-26 18:13 | Report Abuse
sold all ; its a sudden surged.