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Hi Hulumas,
It am very concerned with your remarks for other forumers. To give a fair opinion, how many company can quickly bounces back from JM, not forgetting the amount of time under suspension. Yes 10m is no big deal for big caps, but it means a lot for a small company like JiLong. That is why it has to be put into JM or winding up. Take a serious look at the past events and CFI and a few related firm. You will know why I keep reminding you on the loops of events.
If your reply is more for consolation, forumers it is better to take his opinion critically.
Dear Lecithin,
10 millions bad debt is no big deal to this company, future prospect of this company does count!!!
Understand that the counter is under JM. Will the company goes bust? Hope there is white knight to rescue. Pls comment....anyone to enlighten......
suddenly no news on this counter......
ADJOURNMENT OF THE WINDING UP PETITON
Further to the announcement dated 20 March 2007, the Board of Directors of the Company wishes to announce that the winding up petition which was adjourned to be heard on 23 March 2007 has been further adjourned for a week to 30 March 2007.
By Order of the Board of Directors
ZHONGGUO JILONG LIMITED
Fang Swee Peng
Director
26/03/2007
Dear Ultrameg,
As the old saying: No news is good news. So, I like it to be no news for long........
Still no news for Jilong ........ Hai.........
It's had been weeks since Jilong got suspended. Blessing in disguise?
Dear Lausk22,
As I predicted before, the reversed take over may in placed accordingly as in the rumour! I may doubt and guess, Indonesian well known conglomerate might be on the card as the white knight, hopefully.
But the fate of Jilong still uncertain, as the creditor bank has served winding up action. So if winding up goes through then whatever Jilong shares distributed by QAF could be worthless, unless of course there are white knights coming to its rescue.
News announcement in SGX QAF website. Guess QAF shareholders will have reasons to laugh to the bank on Monday.
Dear Readers,
Thanks be to God, finally and presumably, contingent rescue to Jilong is solved by QAF dividend distribution in term of one whole lot QAF, getting PSC, JILONG 973 and 284 unit shares respectively to all QAF share holders. It is really amazing, astonishing, marvelous and brillient "Innovative modern mathematical portion distribution accounting's capital market model settlement", as such, it serves all parties involved, i.e. QAF, JILONG, PSC, RABO BANK, SHARE HOLDERS and INVESTORS in a all win, happy, satisfied and justified solution!
Theorectically, all parties involved have about more than at least 23% market potential appreciation/gain being evenly distributed through dilution of this uniqueness of the capital secondary market mechanism.
Last but not the least, JILONG as one of the twin best Astrological Compatible stock to be strongly recommended and invested right now, throughout the Year of Boar is still intact!!!
Hi Hulumas,
Any dates for the reverse takeover?
Hi Hulumas,
Any dates for the reverse takeover?
Just went earlier to check in SGX, no news about reverse takeover.
Where's your source from?
Dear Readers,
Yes, very good news to those vested!! The rumour was about true hopefully, as Rabo Bank might reversed take over the Jilong group to rescue its debt by issuing new share placement say each share > Sgd. 0.26. It will be carried out as if an IPO in the secondary market.
Jilong in trouble???
In search of Nostradamus...where are your predictions tonight?;))
Dear Nostradamus,
For the benefits of more novice investors, you may wish to be more specific in your prophecies;))
Be careful with topics with h g-- in them. These people only love their stocks. If there's any bad news, they'll only give a brief mention and defend stoutly.