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Thus the chairman, a non Malaysian and the only member of the board with any credibility announced he was going to walk and the Nomad Allenby gave three months notice.
The hapless Malays left in charge said they will try to find another Nomad. The suspension price was 0. So in eight odd years investors have lost all their money as the shares are now untradeable.
The odds of a distribution look small now that there is no Nomad or AIM Regulation to guide the company. More coke and hookers for the crony capitalists!
For the mug punters the return is, as ever, nothing. This area of the ShareProphets. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.
The information available at ShareProphets. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.
Photo article two - snowballs and cat in the snow: Friday 1 February Thursday Tom Winnifrith Bearcast: News about the new SJM shareholder alliance arrive ahead of the looming expiration of casino licenses in Macau starting next year through The government of Macau has remained tight-lipped on how, when, and whether the existing licensees will have their licenses extended.
Ambrose So, the Chief Executive of SJM, has said previously that his company would seek a two-year extension of its license before it expires in March If the company is granted the two-year extension, it will come in line with the four concessionaires whose licenses are set to expire in MGM China is, too, seeking the same two-year extension.
Executives at the two companies have said that the move would set all six licensees on a level footing and that they would all be able to compete at the same pace.
More info Got It! Friday, February 1, January 24, 3: License Expiration News about the new SJM shareholder alliance arrive ahead of the looming expiration of casino licenses in Macau starting next year through Terry Davis Terry Davis holds a degree in Psychology, but it was after his graduation that he found his real passion — writing.
Previously, he worked for a local news magazine.