What is happening with TWOD?

skyfall · 1 What is happening with TWOD? Fri Mar 07, 2014 10:41 am

skyfall

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Huge selling pressure at the moment. Is there a specific reason for that?

Jiggysaurus · 2 Re: What is happening with TWOD? Fri Mar 07, 2014 11:08 am

Jiggysaurus

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Kiwula has given the polla. Looks like Mrs Baloney has failed to get the wood.

http://www.cse.lk/cmt/upload_cse_announcements/6711394167571_.pdf

aiyosalli · 3 Re: What is happening with TWOD? Fri Mar 07, 2014 11:24 am

aiyosalli

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Seems The statement "remittance Advice tendered to court" make and impact to the price

jonta999 · 4 Re: What is happening with TWOD? Fri Mar 07, 2014 11:26 am

jonta999

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Jiggysaurus wrote:Kiwula has given the polla. Looks like Mrs Baloney has failed to get the wood.

http://www.cse.lk/cmt/upload_cse_announcements/6711394167571_.pdf

Jiggy you gave me the polla ne..You took my presidency

Hanoifortune · 5 Re: What is happening with TWOD? Fri Mar 07, 2014 11:57 am

Hanoifortune

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Lawyers appearing on behalf of Touchwood Investments Plc (TWOD), Vijan Lanka Kiwlegedara sought further time to honour the Rs. 21 million worth cheques issued as there has been a delay in the remittance of funds from the account of a foreign investor.

The request was made after the Touchwood winding-up case was called in the Commercial High Court before Amendra Senevirathna H.C.J. yesterday (March 06).

The cheques issued to the Petitioner and eight other intervening creditors, by the CEO of Touchwood Investments PLC Lanka Kiwlegedara from his personal bank account, were all retuned due to insufficiency of funds in his account.

Lawyers appearing on behalf of Kiwlegedara stated that that the investor is the Industrial and Commercial Bank of China (ICBC), the largest bank in the world by assets.

The lawyers attributed the situation due to a delay of documents.

Despite the existance of a settlement, the Counsel for the Petitioner Avindra Rodrigo insisted on proceeding with the inquiry for the winding-up of the company on 19 March 2014.

A list of the creditors who are to be paid were also presented to court.

As stated on 25 February 2014 in Court, TWOD also assured to keep a land as security and file the relevant documents in Court on 6 March, which they had failed to do.

The case will be taken up again on March 19.
https://www.srilankamirror.com/news/13775-cheques-returned-as-kiwlegedara-s-money-on-way

Jiggysaurus · 6 Re: What is happening with TWOD? Fri Mar 07, 2014 12:04 pm

Jiggysaurus

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jonta999 wrote:

Jiggysaurus wrote:Kiwula has given the polla. Looks like Mrs Baloney has failed to get the wood.

http://www.cse.lk/cmt/upload_cse_announcements/6711394167571_.pdf

Jiggy you gave me the polla ne..You took my presidency

Jonta you are losing the election to two IDs. You better start the gilmarts. Better call Kiwula

jonta999 · 7 Re: What is happening with TWOD? Fri Mar 07, 2014 12:54 pm

jonta999

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Must get a guarantee from ICBC Twisted Evil

Light of Hope · 8 Re: What is happening with TWOD? Fri Mar 07, 2014 4:21 pm

Light of Hope

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Jiggysaurus wrote:

jonta999 wrote:

Jiggysaurus wrote:Kiwula has given the polla. Looks like Mrs Baloney has failed to get the wood.

http://www.cse.lk/cmt/upload_cse_announcements/6711394167571_.pdf

Jiggy you gave me the polla ne..You took my presidency

Jonta you are losing the election to two IDs. You better start the gilmarts. Better call Kiwula

No no dont. He gives bouncing cheques these days. Mr.GM is so powerful, as pm are restricted, u shud send him a mail asking for the next gil marts up on his sleeve?? I'm seeing for the first tm a techie who cannot fix a simple issue here. Loweth na :Deleted:

lol!

gagamini · 9 Re: What is happening with TWOD? Sat Mar 08, 2014 5:42 pm

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Very smart game is played by persons who is having with vested interest . In this game they are using media and other form of communication . Sometimes this forum too to spread negative sentiments . If you know how to play the game then making money on any speculative share is not that difficult . This is a game of fear and greed. Assess your limits on them .