It "may be" lucky if get 0.005 just to bet like in casino. Outstanding loans 380 millions. Assuming 100% receivables can be recouped, still not enough to settle borrowings. It is more interesting to observe our sleeping authorities actions and professional body actions with regard to disclosure and auditor competencies and professionalism.
please dont listen to those who just create account and spread false info... they create new account to ask u guys to buy so that they can cut lost.. else they dont even can cut lost..
In western technology coin investment can made 1 to 100000. Like bitcoin. I also got a question mark In this world can biscuits made a hundred ringgit become billions ringgit. Like topglove Facebook apple Alibaba huaan. In this world anything can happen. If you buy topglove since ipo until now plus bonus plus dividend how much you earn. In this world debts is nothing. Dayang also got debts . Perdana armada also got debts. The most important is can the business still continue to run or sunset. Is the business good. The food got problem. Not taste people like to eat ?
The question is are you a gambler or investor? Gambler will hold and hope that they will get something more after winding up WHILE for investor, every knowledge they have will tell them to leave!! Let see is this BIG profit chance or a write off mistake!!
Liquidations to write off debt might take a few months; then what is left of it is up to the new buyer to decide either to share with the share holder or just out right sell... It might not look that positive afterall.... Good Luck to all the gamber!! Might reopen or not, it will tight your fund for a few months the minimal!!
trap666 Buy Buy BUY !!!! trap666 ya...now paper earn...dunno can sell it not trap666 hehehe
This bastard is very happy to see people get trapped, he didn't buy any but asking people to buy, at the end just happy to see people get trapped, same like what he done in perisai forum, promote "beli sai" until suspended!!!
The time for the aussie fund or anyone in charge to show that they have a credible ability to turn the company around was during the hearing for the winding up petition. Now that judgement has been passed, the company effectively out of business and any directors have no say in the day to day activity. All power resides in the liquidator who will now sell off for any assets the companies owns to the highest bidder. These assets include any recipes and trademarks the London Biscuits own.
The cheapest option for any 'white knight' who wants to save the company now is to form a new company and buy all these assets including IP such as recipes and product names from the liquidator at these discounted rates and sell them as their own. Where this leaves shareholders of London Biscuits is shit out of luck because why would you buy shares in a company that is being wound up? Or why would you 'invest' in a company without finding out what a winding up order actually means? Answer is you were gambling. Poorly.
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Posted by tigerball > 2020-01-17 02:30 | Report Abuse
poor sweet november. key siao already after buy as high as 20 cent