Eratat Lifestyle

9.7 stop arrived. rather fast. If it did not bounce from here the next stop is 9.0 cents and then finally back to where it started.

Trading halt requested by Lead Independent Director. Now is full year audit period. Uncovered something unusual?

Not a good thing to halt at this moment. Another S-chip issue ? Recently another two S-chip just got in to trouble - China paper and Foreland.

Fraud finally detected?
Or delist offer at maybe 0.08 only?
Either way not looking good - today is the 3rd (final?) day it can be halted... unless?

Eratat default on bond payment. Suspension of shares till further notice.

This is bad news for shareholders.

( A ) DEFAULT ON BOND INTEREST PAYMENT;
( B ) SUSPENSION OF TRADING PENDING VERIFICATION OF GROUPS CASH BALANCE; AND
( C ) SUSPENSION OF CEO AND APPOINTMENT OF INTERIM CEO
infopub.sgx.com/Apps?A=COW_CorporateAnno...ading_Suspension.pdf


Warning of red flags was a thankless task, but I believe I did my fair share.
I'm sorry this happened, especially just before CNY

This will probably go down as another FA lesson in history.