Nothing will prevent them from issuing another new PP of 500 or more million tickets in the coming months. Then it will really plunge like MMAG from 1.98 to 0.365 haha
Perhaps PDZ is more comparable...drop from 31c to 7c. You can calculate yourself how far TakNaikX will potentially fall lol NTA per share already shrunk from 11c to 8.5c now due to all the dilution of new shares issued from 10-11c
When I scored my home run having accumulated hundreds of thousands of tickets at an average cost of 6.7c in 2017 & then SOLD from 18c all the way up to 63.5c, the company's NTA was 31c & it was DEBT-FREE & making 3 consecutive quarterly profits which brought the prospective PE to below 10.
Finally, major shareholder Liu GD/Libran Ify was holding 250 mil shares back then or 22% of the supply & had been holding since Huaan was listed in 2007. Now that major shareholder only owns 74 mil or a measly 4.8% = another 176 mil free float needs to be absorbed by the market.
Of course...why would they work so hard 2 develop a viable technology when they can just borrow $$$ & goreng & earn fast from bilis? Look @ the numbers: not worth more than 7c.
ATTILAN GROUP LIMITED (Incorporated in Singapore) (Company Registration Number: 199906459N) REPLY TO SGX QUERY In response to the SGX’s queries dated 28 June 2019 for clarification on the announcement of proposed acquisition of equity interest of Tremendous Entertainment Group (“TEG”) (the “Announcement”), the Board of Directors (the “Board”) of Attilan Group Limited (the “Company”) wishes to announce the following:- SGX’s Query 1: Please disclose all past or present relationships between the directors, beneficial shareholders, controlling minds or any other interested persons of the Tremendous Opportunity Fund I LP (“Vendor”) with the Company, its directors, CEO, controlling shareholders and their respective associates. The Company’s responses: Ng Teck Wah, being a controlling shareholder of the Company, is also a director of TEG and Tremendous Asia Partners Inc. (“TAPI”), the general partner of the Vendor, and a director of Tremendous Asia Management Inc. (“TAMI”), the fund manager of the Vendor. Datuk Jared Lim Chih Li, being a controlling shareholder and director of the Company, was formerly a director of TEG (resigned on 13 November 2017), TAPI (resigned on 18 December 2014) and TAMI (resigned on 8 December 2014). Dato’ Mohammed Azlan Bin Hashim, being the sole shareholder and a former director of Tremendous Asset Partners Ltd, which owns TAPI and TAMI, was formerly a Chairman and Non-Executive Director and also a former controlling shareholder of Attilan Group Limited. Ng Teck Wah, Datuk Jared Lim Chih Li and Dato’ Mohammed Azlan Bin Hashim do not have interest in the Vendor and TEG. Save as disclosed, there are no other past or present relationships between the directors, beneficial shareholders, controlling minds or any other interested persons of the Vendor with the Company, its directors, CEO, controlling shareholders and their respective associates. SGX’s Query 2: In relation to Information on TEG and the Vendor:- a. Please provide details of TEG such as the year of incorporation and paid up capital. b. Please disclose the recent awards and year in which they were awarded as mentioned in the “portfolio of award winning content”. c. Please explain how is the Hi-5 broadcast content related to the Company’s Hi-5 pre-schools? d. Please elaborate on what this 360-degree business model and in what country do they operate in? e. Please clarify if Base Entertainment Asia is a wholly own subsidiary of the TEG. If not, please disclose the identity of the other shareholder(s). The Company’s responses: a. TEG was incorporated in the British Virgin Islands on 19 September 2014. As at 30 June 2019, it has an ordinary share capital of US$1.00 comprising of 1 issued and fully paid up ordinary share. TEG’s objective is to consolidate the entertainment and media portfolios of Tremendous Opportunity Fund I under a single branded platform with the intent of producing content for family entertainment in the broadcast, live and exhibition space. The broadcast and exhibition businesses have been in operations since 2012 and the live business has been in operations since 2011. A total of US$35 million (approximately S$47 million) has been invested by the Vendor into TEG Group since 2012. b. TEG’s entertainment contents have received the following awards and nominations: Year Awards Awarded at Division 2000 to 2004 Five (5) ARIA Awards for ‘Best Children’s Albums’. Our fourth win broke ARIA history with Hi-5 being the only band to win an ARIA Award over four consecutive years. ARIA Music Awards Broadcast 2000, 2001 and 2004 Three (3) Australia Logie Award for ‘Most Outstanding Children’s Programme’ Logie Awards Broadcast 2002 Best Presentation for Children Helpmann Award Broadcast 2004 Gold Award for US series CD, Jump and Jive with Hi-5 Parent’s Choice Award Broadcast 2005 to 2007 Nomination for three (3) Daytime Emmy Awards for US series Daytime Emmy Awards Broadcast 2011 Winner in the category ‘Best in Education and Outreach’ Museum Roundtable Awards Exhibition 2011 Winner of Most Innovative Marketing Initiative Singapore Experience Awards Exhibition 2015 Best Preschool Programme 20th Asian Television Awards Broadcast 2018 Best Children’s Entertainment Drama Asian Academy Creative Awards Broadcast c. TEG owns Hi-5 World Ltd which owns all the Hi-5 assets which include intellectual properties, music assets, trade name, trade mark and also the education arm, Hi-5 Learning. The Company is the franchisee of Hi-5 education arm.
d. The 360-degree business model refers to a range of family entertainment attractions which extends beyond television programme and includes stage shows, brand licensing, music, merchandise, digital sales and education. TEG Group is headquartered in Singapore and has offices in Malaysia and Las Vegas, United States. TEG Group has an extensive global presence in multi territories such as South East Asia, Australia, North Asia, Latin America, North America and Europe. In addition the partners for the Group’s Hi-5 business include major TV networks or channels like Disney Junior, Netflix Asia Pacific and Astro Malaysia. e. The operating entity of Base Entertainment Asia namely BASE Entertainment Marina Bay Sub Pte Ltd. is a 51% subsidiary of TEG. The remaining shares are held by the management of BASE Asia and will be consolidated into TEG for the proposed acquisition of TEG Group. SGX’s Query 3: Please quantify the factors in arriving at the purchase consideration of S$100 million. The Company’s responses: The purchase consideration of S$100 million (equivalent to approximately US$73 million) is based on interalia: (i) invested capital of US$35 million (approximately S$47 million); (ii) TEG Group’s historical and prospective financial performance and the trading statistics for comparable companies and the TEG Group’s ability for provision of content; (iii) Discussions with prospective investors for the latest round of funding prior to RTO; (iv) Indicative discussions with prospective investors and funds (financial and likely corner stone); (v) Discussions with professionals involved in the transaction; (vi) TEG Group IPs and licenses inter-alia its media library of Hi-5 programs, exclusive licenses for CSI and Star Trek etc., long term lease arrangement with an established and reputable theatre, franchise education model; and (vii) the business and prospects of the TEG Group. In addition, the Proposed Acquisition will be supported with a business valuation from professional firms to be engaged and currently it is the intention of the parties to provide for mechanisms for adjustments which are subject to the finalization of valuation from an acceptable professional firm. Should the transaction require a whitewash waiver, the Company will seek the opinion of both a professional valuer and an independent financial adviser. Do note that as at the date of this reply, it is envisaged that the settlement of creditors via an issuance of shares for the status of the Company as a listed company, will not result in any cashflow for the enlarged group post the completion of the RTO. TEG Group owns IPs such as the live action children brand Hi-5 and licenses including Star Trek and Crime Scene Investigation (“CSI”) that create a unique portfolio primed for expansion. Hi-5 will be producing it’s first animation series and the preschool education arm has plan to expand its brand of preschools throughout Asia. The Group has an exclusive partnership with an established and reputable theatre until 2030. The regional expansion is expected to spearhead growth in the next few years and road maps have been set. SGX’s Query 4: Please provide the breakdown of purchase consideration to be satisfied in cash and consideration shares. The Company’s responses: Subject to any amendments to be agreed by the Company and the Vendor, the purchase consideration of S$100 million will be satisfied in the following manner: (i) S$5 million in cash; and (ii) the remaining balance of S$95 million in the form of such number of Consideration Shares at an issued price to be agreed between the Company and the Vendor. The above is preliminary and subject to further negotiation in the definitive agreement. SGX’s Query 5: Please disclose the relative figures for the Proposed Acquisition computed on the bases set out in Listing Rule 1006. The Company’s responses: The relative figures for the Proposed Acquisition computed on the relevant bases of comparison set out in Rule 1006 of the Listing Manual are as follows: (a) Net asset value of the assets to be disposed of, compared with the Group Not applicable to the Proposed Acquisition which is an acquisition (b) Net profits attributable to the TEG Group compared with the Group's net profits Not meaningful%(1) (c) Aggregate value of the consideration given or received, compared with the Company's market capitalisation based on the total number of issued shares being the last market day preceding the date of the SPA Approximately 4,036.5%(2) (d) The number of new shares to be issued by the Company as consideration for the Proposed Acquisition, compared with the number of shares of the Company previously in issue Approximately 3,834.6%(3)
(e) The aggregate volume or amount of proven and probable reserves to be disposed of, compared with the aggregate of the Group’s proven and probable reserves. This basis is applicable to a disposal of mineral, oil or gas assets by a mineral, oil and gas company, but not to an acquisition of such assets Not applicable to the Proposed Acquisition which is not a disposal of mineral, oil and gas company Notes: (1) Based on the unaudited pro-forma consolidated net loss of the TEG Group for FY2018 of approximately US$928,000 and the audited consolidated net profit of the Group of S$59,395 for FY2018. (2) Based on the purchase consideration of S$100 million and the Company’s market capitalisation of approximately S$2.48 million (being its issued ordinary share capital of 1,238,708,804 shares and the volume weighted average price of such shares of S$0.002 for trades done on the Shares on the SGX-ST on 6 June 2017, being the full market day on which the Shares were last traded prior to the suspension of trading of the Shares on the Mainboard. (3) Assuming that the issue price is S$0.002 per Consideration Share, there will be 47,500,000,000 Consideration Shares and the Company’s issued ordinary share capital of 1,238,708,804 shares as at 30 June 2019. BY ORDER OF THE BOARD Datuk Jared Lim Chih Li Managing Director 2 July 2019
SINGAPORE (July 3 2019): Attilan Group, the penny stock which is urgently searching for a new core business before being forcibly delisted, has disclosed more relationships between its directors – both past and present -- and the seller of its acquisition target.
The disclosures were in response to queries by the Singapore Exchange following Attilan’s May 28 announcement that it is proposing to buy Tremendous Entertainment Group (TEG) from seller Tremendous Opportunity Fund I LP (TOF) for $100 million in a “very substantial acquisition” which could result in a reverse takeover of the company.
See also: Attilan in RTO deal to transform into entertainment content producer despite delisting notice
In a Wednesday morning filing, Attilan says managing director and controlling shareholder Jared Lim Chih Li was a former a director of TEG, Tremendous Asia Partners Inc. (TAPI) and Tremendous Asia Management Inc. (TAMI).
Attilan says controlling shareholder Ng Teck Wah is also a director of TEG and TAPI, the general partner of TOF, and a director of TAMI, the fund manager of TOF.
In addition, Mohammed Azlan Bin Hashim, the sole shareholder and a former director of Tremendous Asset Partners which owns TAPI and TAMI, was formerly a chairman and non-executive director and also a former controlling shareholder of Attilan.
Currently, Ng, Lim and Mohammed do not have any interest in the vendor or TEG, adds Attilan.
In other responses to SGX, Attilan says the purchase consideration of $100 million was based on and invested capital of US$35 million ($47 million); TEG’s historical and prospective financial performance; discussions with prospective investors and professionals involved in the transaction; TEG’s Intellectual Properties and licences, including its media library of Hi-5 programme which the company had previously valued at US$30 million, exclusive licences for CSI and Star Trek as well as its franchise education model.
Attilan also says the purchase consideration will be satisfied with $5 million in cash and the remaining balance of $95 million in the form of consideration shares to be issued at and agreed price between the company and vendor TOF.
So clear from the evidence I presented above from public news sources that the major shareholders of delisted & insolvent Attilan are desperately trying to 'draw blood from a stone' !
As at 29 June 2018 SHAREHOLDERS’ INFORMATION 128 ATTILAN GROUP LIMITED | Annual Report 2017 STATISTICS OF SHAREHOLDINGS AS OF 29 JUNE 2018 Number of Shares : 1,238,708,804 Class of Shares : Ordinary shares Voting Rights : On show of hands : One vote for each member : On a poll : One vote for each ordinary share
SUBSTANTIAL SHAREHOLDERS SHAREHOLDER’S NAME DIRECT INTEREST DEEMED INTEREST Asiasons Investment Managers Inc 305,994,400 – Porterhouse Capital Limited 107,000,000 – Datuk Jared Lim Chih Li1 – 412,994,400 Ng Teck Wah1 – 412,994,400
1.Coolmansee TECHNA-X is a trap upcoming to be 0.01 china joining to be conman & scammer , they just wanna taken your money running away of around the world. 31/12/2020 9:43 AM
2.Narialse This is actually quite disgusting. They goreng and use private placement to raise funds to bail out Jared Lim by buying his company. 24/12/2020 8:12 PM
Also retail investors will be wary after first round of goreng. VWAP was stable around 15.5sen for 3 days so I'd expect a PP announcement of around 13-14sen announcement if this is the second goreng. 29/12/2020 9:55 AM
3.jasontan1177 Wah get huaan buy bankcrup company ah... Aiyooooooo........
Cheap cheap sell off the coke biz when coke price is at all time high now...
Yup... He spent time writing long articles for us to stay away n sell... N dompeilee will keep coming back to see if everyone sold or selling.... Else we would be in hell
I have never advised anyone to buy anything & refuse 2 give any TP for any stock only stating what I buy when I buy it. YOU are the one who is destined for jaiL! To join your partner in crime Jailed Lim LOL!
funny when see ppl fight over a stock. hahaha. btw my curiosity awake when dompilee keep attacking the stock when he don't even own.... if I'm not holding, I don't even care if it's p.08 or rm1
Wow that bold statement u have coolmansee, this company have good prospects tho.. the management doing they best by changing they business nature...technology, storage, supar capasitor etc.
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....
dompeilee
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Posted by dompeilee > 2020-12-31 07:18 | Report Abuse
Nothing will prevent them from issuing another new PP of 500 or more million tickets in the coming months. Then it will really plunge like MMAG from 1.98 to 0.365 haha