Panic? No, please don't.

Needed to touch base again, more trouble coming to light.
Seems the old news from (SUN) stated that there would be a stock split. Must have been an oversight on my behalf as we trawled through our info lists and discovered this: Sorry, a lot has happened in a week!

So, onto the newest of incidents; Kejo Merlin Land Group, suffering from land problems and the onset of VAT, has scheduled a shareholder Resolution to liquidate the stock and return funds to the shareholders. As Kejo Merlin is the majority shareholder (50.68%), it's no wonder the resolution passed. But as we (here and here) have been discussing over the last few days, at least the CEO followed protocol. The financials just don't stack up here...but I will wait for them to finalise before I comment on that.

In other news, the trading halt on (MYT) has been removed and once again the stock will attempt to regather after bearing the brunt of many of SL's financial difficulties. After the sale of Mythlands III, new Mythlands IV being opened up as residential rental estate, there is profitability on the horizon.

Splinkrot will return later to provide a complete update of the market.

Sincerely,
Logansan Oh
- CEO, Chairman