The Company and SD Subsidiaries have identified some assets for immediate sale to generate the cash flows required to meet the SD Group liabilities. The Company and its subsidiaries would require a court-convened meeting of its creditors to consider and if thought fit, to approve a scheme of arrangement to be proposed between the Company and its creditors to restructure the debt obligations of the Company and its subsidiaries.
The Board of Directors of the Company is of the view that the Applications for Scheme are in the best interest of the SD Group and its creditors as the proposed scheme of arrangement proposes a 100% return to the Company’s creditors.
Stock Market Farm Animals:- BULL:- Always bullish, makes a lot of money. BEAR:- Sometimes makes but most time loses. PIG:- Every time ended up on the table being eaten. CHICKEN:- Buys 1 lot but makes so much noise; worst didn’t buy.
What animal are you?
Mabel is definitely a BULL unlike Koni and the Cap Ayam Team..
YES ! there's two sides in a coin..
There is this old saying on the Wall Street - "In bear markets, the winner is the one who losses the least"
There is also this new saying on Mabel Street - "In bear markets, the winner is the one who wins the most"
It has already happened before it will happen again..
"The Company and SD Subsidiaries have identified some assets for immediate sale to generate the cash flows required to meet the SD Group liabilities. The Company and its subsidiaries would require a court-convened meeting of its creditors to consider and if thought fit, to approve a scheme of arrangement to be proposed between the Company and its creditors to restructure the debt obligations of the Company and its subsidiaries"...&... "The Board of Directors of the Company is of the view that the Applications for Scheme are in the best interest of the SD Group and its creditors as the proposed scheme of arrangement proposes a 100% return to the Company’s creditors"... Only fools will still believe in Karim. If Karim genuine or honest to resolve this financial issue, last year already start to sell off those "So-called assets" to repay loan defaults to bankers. Why have to wait until bankers asked for loan defaults repayment from Serba-dick and only then Karim starts to say about those assets.. He's either not honest to repay loan defaults repayment to bankers or try to cheat again...this guy (karim) is hopeless. The best place for him now is Jail.
cheahgood We got your message. You just keep on posting the same beat and hammering Karim. My question. With that hugh amount of $$$ involved, do you think the creditors, institutions, bankers are prepared to cut loss or are they prepared to try and recover by riding it out with Karim. Don't forget one is a definate decision with no possiblility of recovery while the other is giving it more time and some hope. Exactly what happen in share trading, bit more extreme.
Actually, it is not about the banker also, it is about whether their current cash able to continue operation, are they still bleeding as the last they default on payment and in losses......it is even worst when even the major shareholder need force selling, this is all warning signal.......anyway for bankers, this is not the first time they face this, as all ruin businesses also ask for leniency etc..........which either you get back something or nothing, asking bankers to gamble will be a big NO for them.......
Cooking oil price went up, Ron 97 price went up, flour price went up, chicken price went up nobody seem to bail out the situation, would the gomen bail out this counter. Some state has tried to bail it out using public fund but suffered loss . Pisang tak kan berbuah 2 kali
I don't agree. Of course they care , it will show up on their annual report sooner or later. The only people who don't care is the Goverment. They can give loans out of consolidated account or loans back by bonds with gov guarantees. This is not going to stand out like a BIG FLAG except it will end up in deficit.
You know why Ambank can pay 2.83B for 1MDB scandal.. its not the money of the PIC.
So for the 6 banks to write off SD loans and take a hit of 90% losses, they can do it without blinking an eyelid.
Im sure plenty of bankers or ex-bankers here would see this..
Losing 90% on a bad loan is better than keep the saga going on and on... Banks management dont have time to entertain a fraud company like SD for the next few years.
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....
cicakman
6,129 posts
Posted by cicakman > 2022-05-24 14:46 | Report Abuse
Instead of getting your money,you want to add more money and problems to save karim.