Martin Lee @ Sg
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The Road Ahead for Minibond Investors

Minibond Investors

The Road Ahead Seminar (Organised by MIAG)
Date: Saturday, 21st March, 2009
Time: 3:00-5:00 pm
Location: 5 min from Farrer Park MRT

60 Tessensonhn Road
CSC Auditorium, Level 3
Singapore 217664

Take the lift beside the Booking Counter & turn left all the way at Level 3.
Following Auditorium/Lehman MIAG Seminar sign

For more information:
http://minibondsg.blogspot.com or www.miagsg.com or call 6846-7885/9665-4132

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7 comments
smellarat says 10 years ago

Hi lioninvestor

Wonder why this FI is wiling to offer $15,000 for only 10,000 units of a $50,000 investment. Does it mean the balance 40,000 units is worthless and likely to realise zero residual value? I was told my brother-in-law was offered this settlement deal.

Reply
    lioninvestor says 10 years ago

    Hi smellarat,

    No one really knows what the balance is worth. It probably won’t be much, and it will take a few years to settle.

    Perhaps this is one way of “window dressing” the settlement.

    Reply
deefeeted says 10 years ago

My FI is willing to buy back 10,000 units of my $50,000 minibond and offered cash settlement amounting to almost 30% of my $50,000 invested. I would like to accept the settlement offer for the time being: what I want to know is whether I can still sue them for the remaining 40,000 units in my possession later.

Reply
    lioninvestor says 10 years ago

    Hi deefeeted,

    Are they paying you $15k to takeover all your holdings?

    Reply
      deefeeted says 10 years ago

      Yes, $15,000 to take over only 10,000 units of 50,000 holding; the balance 40,000 remain. Later on, entitled to any remaining residual value upon realisation of the notes.

      Reply
        lioninvestor says 10 years ago

        Sorry, I don’t quite get it. Shouldn’t the 10,000 units be worth $10,000 at face value?

        Reply
          deefeeted says 10 years ago

          hi lioninvestor

          Yes, in theory the 10,000 units should be worth $10,000 at face value, but they make it look at if they are compensating $15,000 (30%) for the $50,000 failed investment. The balance 40,000 units which I still get to keep, I reckon, is as good as worthless, but in the event of any realisation hopefully, I still get what is left of any remaining residual value.

          Reply
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