Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
සිංහල පරිවර්තනය
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1135 ]
27% 27% [ 423 ]

Total Votes : 1558

Latest topics
» RAL with Max Profit.....
by MRBRAVO Today at 12:05 pm

» ELPL Best Plantation Share.
by ranferdi Today at 11:23 am

» CSEC and CFVF
by EquityChamp Today at 9:43 am

» CFVF will cross 34/= level today ...
by EquityChamp Today at 9:23 am

» What are the shares which will have positive impact on Hambanthota port agreement
by MoneyLover Today at 8:58 am

» Long Term Investment
by thankrishan Today at 8:57 am

» AINV.N Starts again ?
by reyaz Today at 8:12 am

» GEMS in AUGUST & SEPTEMBER
by MoneyLover Today at 7:07 am

» BFN (ORIENT FINANCE PLC)
by DS Wijesinghe Today at 6:17 am

» plantation shares.....
by lakmal87 Yesterday at 11:49 pm

» People's Leasing Company
by ddrperera Yesterday at 9:08 pm

» CITH AMALGAMATION....
by dsam Yesterday at 1:38 pm

» CALF Ready for Run
by Maxime Yesterday at 12:42 pm

» Expectation answers from Experts - MGT/TJL
by MRBRAVO Yesterday at 11:28 am

» LIOC is active again
by Yahapalanaya Yesterday at 10:14 am

» NDB.N - Impressive Performance
by thankrishan Yesterday at 9:11 am

» MKT BOOM WITH Hambantota deal .....
by Vacations To Sri Lanka Yesterday at 8:53 am

» GSP Plus benefit seen short-lived
by DS Wijesinghe Yesterday at 6:50 am

» Perpetual Treasuries paid Sri Lanka finance minister’s rent: bond probe
by DS Wijesinghe Yesterday at 6:38 am

» My 6th year celebration in sri lanka equity forum
by ddrperera Tue Jul 25, 2017 9:21 pm

» BONDGATE - SRI LANKA'S BIGGEST BOND SCANDAL!
by dsam Tue Jul 25, 2017 9:16 pm

» CSE BULL GETTING READY FOR THE RUN
by worthiness Tue Jul 25, 2017 9:00 pm

» CCS profit down by 20%
by stockback Tue Jul 25, 2017 8:08 pm

» ASPI 7000 - VERY SOON
by Teller Tue Jul 25, 2017 7:42 pm

» 24 of Asia's most overlooked places
by EquityChamp Tue Jul 25, 2017 3:02 pm

» Euro at 2-Year High: ETF Winners & Losers
by VALUEPICK Tue Jul 25, 2017 12:05 pm

» MADU .......
by EquityChamp Tue Jul 25, 2017 9:31 am

» LOFC Chart 28.04.2017 (weekly chart)
by Harry82 Tue Jul 25, 2017 9:29 am

» BG, SBLC, DISCOUNTING AND LOANS FOR YOUR PROJECTS
by kimsungnyon010 Tue Jul 25, 2017 8:26 am

» BG/SBLC Financing can help you get your project funded
by kimsungnyon010 Tue Jul 25, 2017 8:25 am

» BG / SBLC / LC / DLC / MTN ETC AVAILABLE FOR LEASE
by kimsungnyon010 Tue Jul 25, 2017 8:11 am

» REEF future
by Ran49 Mon Jul 24, 2017 10:21 pm

» Asian Alliance Shares (ALLI)
by EGG Mon Jul 24, 2017 8:51 pm

» Much-awaited-fuel-pricing-formula-on-the-cards
by worthiness Mon Jul 24, 2017 7:36 pm

» Will JKH touch Rs. 180
by EquityChamp Mon Jul 24, 2017 3:13 pm

» JKH Uptrend
by EquityChamp Mon Jul 24, 2017 3:08 pm

» Sri Lanka's property Prices are soaring with imminent burst in sight
by samaritan Mon Jul 24, 2017 9:33 am

» How about LDEV
by sanjulanka Sun Jul 23, 2017 10:52 pm

» DONT SELL LIOC
by predictor Sun Jul 23, 2017 10:33 pm

» ENTRUST SECURITIES PLC
by worthiness Sun Jul 23, 2017 4:19 pm

» foreigners-active-analysts CSE
by predictor Sun Jul 23, 2017 2:07 pm

» AINV............1.20
by ddrperera Sun Jul 23, 2017 11:36 am

» JKH - FOREIGNERS RESORT TO DUMP & PUMP!
by samaritan Sun Jul 23, 2017 9:49 am

» TAP TAP TAP .......9+++++++++
by ddrperera Sat Jul 22, 2017 11:38 pm

» KZOO WHO IS THE SELLER?
by ddrperera Sat Jul 22, 2017 11:30 pm

» Buy TKYO - will be 100
by sharemarket Sat Jul 22, 2017 8:11 pm

» Palmgarden hotel
by gamagevidana Sat Jul 22, 2017 6:20 pm

» How 2 1/2 Years of increased taxation by 'Adooradarshipalanaya' has slowed down the Economy and how the new proposed taxation will further bring down our economy
by samaritan Sat Jul 22, 2017 11:47 am

» Dividend දෙන ශේයර්ස්
by saliya1000 Sat Jul 22, 2017 9:11 am

» CIFL.N flying
by fortuneteller Sat Jul 22, 2017 7:15 am

» AAF & CIFL.
by soileconomy Fri Jul 21, 2017 9:49 pm

» PCHH @ 0.90
by dow Fri Jul 21, 2017 6:02 pm

» AINV.N playing like crazy
by Neluka Karannagoda Fri Jul 21, 2017 10:31 am

» When Market drops higher foreign purchases
by prabath Fri Jul 21, 2017 8:11 am

» CIFL......
by sameboy Thu Jul 20, 2017 9:55 pm

» Soy- nobody spoke about
by reyaz Thu Jul 20, 2017 2:07 pm

» What is the situation of PCP.N ?
by Neluka Karannagoda Thu Jul 20, 2017 10:21 am

» LLUB any news?
by thankrishan Thu Jul 20, 2017 8:56 am

» RICH share price is up from 4th July.
by Teller Wed Jul 19, 2017 8:07 pm

» MTD WALKERS (KAPI.N) TO HIT 40 OR HIGHER
by reyaz Wed Jul 19, 2017 7:09 pm

» Sri Lanka: HNB Bank Accidentally leaks out Priority Customers List in Email - Facebook Post form Official HNB Page
by reyaz Wed Jul 19, 2017 7:03 pm

» sirasa news 1st(16.09.2011)_Dr.Harsha_about manipulators
by reyaz Wed Jul 19, 2017 6:37 pm

» Good News regarding Dengue
by Neluka Karannagoda Wed Jul 19, 2017 1:30 pm

» SELL ALUM SHARES IMMEDIATELY..
by sakuni Wed Jul 19, 2017 12:43 pm

» asi going down.....
by nigma Wed Jul 19, 2017 12:35 pm

» මුංගෙ පවුල් පිටින් හෙණ ගහල මළත් මදී....
by kalu_mahaththaya Wed Jul 19, 2017 11:56 am

» Sri Lanka President battles to keep coalition, ultimatum backfires
by reyaz Wed Jul 19, 2017 9:11 am

» COTTON PRICES going down after the bullishness ..... GOOD For MGT/TJL
by kcrRanz Wed Jul 19, 2017 8:52 am

» Please give your comments
by deli Wed Jul 19, 2017 7:31 am

» KZOO.N0000 Will Rise Up
by fortuneteller Tue Jul 18, 2017 8:58 pm

» The Finance Company ----TFC........???
by Teller Tue Jul 18, 2017 8:01 pm

» could the stock broker block my acc....
by Teller Tue Jul 18, 2017 7:58 pm

» HEXP next run
by anges Tue Jul 18, 2017 7:19 pm

» ABANS Unfair Offer Price
by Wimal Modawansa Tue Jul 18, 2017 6:51 pm

» CITW converted share
by Eugine Fernando Tue Jul 18, 2017 2:38 pm

» Top global fund manager upbeat on Sri Lanka’s future prospects
by worthiness Tue Jul 18, 2017 1:47 pm

» BFN DIVIDENT Announced !!!!!
by ruwan326 Tue Jul 18, 2017 1:09 pm

» Mr Saman vs HARI
by ruwan326 Tue Jul 18, 2017 10:55 am

» LIOC Future in AUGUST
by thankrishan Tue Jul 18, 2017 9:41 am

» IMF APPROVES $167.2MILLION
by Yahapalanaya Tue Jul 18, 2017 9:24 am

» TO ADMIN: How can unlock the login
by Ran49 Mon Jul 17, 2017 9:32 pm

» BFN 18+ guaranteed
by Maharaja Mon Jul 17, 2017 8:32 pm

» BLI's wife - BFN
by Maharaja Mon Jul 17, 2017 5:02 pm

» LIOC - NAV Rs. 40/=
by thankrishan Mon Jul 17, 2017 2:58 pm

» Any news of trading halt or suspension of AINV.N ?
by Neluka Karannagoda Mon Jul 17, 2017 11:36 am

» TB Rates ....
by Vacations To Sri Lanka Mon Jul 17, 2017 9:03 am

» NEXT BOOM ODEL TRAGET PRICE 35..FOREIGN PARTY ATTRACTION...
by soileconomy Mon Jul 17, 2017 7:15 am

» Will HARRY JAYAWARDENA lose his entire business helm
by soileconomy Mon Jul 17, 2017 7:05 am

» CSE BULL UNDER YAHAPALANAYA
by predictor Mon Jul 17, 2017 12:02 am

» LEASING GIANT PLC WITH NEW MANAGEMENT...TARGET PRICE 20
by ddrperera Sun Jul 16, 2017 10:49 pm

» H. Port in the Queue now.......
by stockback Sat Jul 15, 2017 9:43 pm

» DPL..........WINNERS CAN buy............!
by Teller Sat Jul 15, 2017 4:44 pm

» ABANS FINANCE UNDER INVESTIGATION BY CSE AND SEC?
by fortuneteller Sat Jul 15, 2017 12:11 pm

» TILE Sector
by bonbon Fri Jul 14, 2017 8:55 pm

» Market 40 points up
by prabath Fri Jul 14, 2017 4:51 pm

» Commodities & Indices Trading In Sri Lanka made easy by forex4srilanka
by forex4srilanka Fri Jul 14, 2017 1:44 pm

» Sri Lanka Royal Ceramics increasing production of porcelain tiles
by Harry82 Fri Jul 14, 2017 12:07 pm

» KZOO-Be Careful
by fortuneteller Fri Jul 14, 2017 9:56 am

» VONE will Hit Soon with Anual Report
by Elahara Fri Jul 14, 2017 7:42 am

ABANS Unfair Offer Price

View previous topic View next topic Go down

ABANS Unfair Offer Price

Post by Investor1994 on Thu May 18, 2017 4:31 pm

Ironwood Holdings paid ABANS 3 lkr for the rights to buy the shares with which they crossed the mandatory offer mark. This 3 lkr should be part of the price that Ironwood paid to obtain the shares and as such should be included in the offer price. It is incredibly unfair that two major shareholders can work together to gain control of a company in this regard and blatantly bypass the regulation surrounding mandatory offers. We should also look to see why ABANS did not sell any shares at a higher price to other investors who were willing to purchase it at that price. That would show that they had colluded with Ironwood Holdings in a pre-meditated move.

Investor1994
Stock Analytic
Stock Analytic

Posts : 13
Equity Stars : 161
Reputation : 2
Join date : 2017-03-07

Back to top Go down

Ironwood and ABANS cheating minority share holders!

Post by fortuneteller on Fri May 19, 2017 11:52 am

Abans has always manipulated.
 -When the company was formed no cash was put in. -Hire Purchase portfolio was transferred as share capital.(Central Bank pf Sri Lanka).
 -When listing was made shares were fraudulently transferred to employees to cheat the CSE/SEC on free float rule.(CSE/SEC)
-Those employees have no means to buy the shares and FCID should investigate under money laundering act(Employees of Abans)
-If the initial share holder list is checked these employees could be identified(Varners International-company secretaries)
-CDS accounts were opened with Acquity and JB stock brokers and shares sold fraudulently without payment of money.(Acquity and JB stock brokers.)
-When private placement was made shares were issued to Ironwood , company owned by independent director and audit committee chairman Hiran Embuldeniya at a discounted price of Rs 25.00 when the share was trading at 69.90 ,cheating the minority share holders(stock exchange records)
-Hiran Embuldeniya requested approval to buy shares even before the Company was incorporated(Central Bank of Sri Lanka)
-Seylan bank offered 2 times the asset value to buy the shares but private placement was at 1.4 times asset price to Ironwood.(Seylan Bank)
-A company named Able Investment was set up to buy and transfer shares of employees and the rate at which such company bought the shared should be the mandatory offer price as Abans and Ironwood have acted in consort(Registrar of companies)
-Poor CSE and SEC , They were cheated and taken for a ride(Investors and General public.)
-Mr Hiran Embuldeniya common Director of Abans And Ironwood continue to serve as Audit Committee Chairman and Independent Director(Varners International-company secretaries)
-WHAT A MANUPULATION OF CORPORATE GOVERNANCE !!!
avatar
fortuneteller
Equity Analytic
Equity Analytic

Posts : 47
Equity Stars : 409
Reputation : 0
Join date : 2016-08-01

Back to top Go down

THE ONE WEEK DIRECTOR at "A FINANCE COMPANY"?

Post by fortuneteller on Mon Jul 10, 2017 1:16 pm

DOES THIS NEWS ITEM ON EXCHANGE CONTROL FRAUD HAVE ANY RELEVANCE TO  THE FAMOUS ONE WEEK DIRECTOR @ "A FINANCE COMPANY" (and his deputy) FOR WHICH MANDATORY OFFER IS MADE?  Embarassed Embarassed Embarassed Embarassed Embarassed                                                                                                 
+Customs probe continues into luxury car undervaluation.                                                                                                      +Sri Lanka Customs is still to complete an investigation into a massive vehicle racket of importing 1500 undervalued luxury cars in 2015 causing a loss of billions of rupees to the country, officials alleged. 
+investigations are yet to be completed due to the complex nature of the racket involving a private vehicle firm and a leasing company (which changed its name after the fraud was detected) which is a subsidiary of a bank, Customs spokesman Dharmasena Kahandawa reported.                                                                      +This private vehicle importer had registered a company overseas and the luxury cars were imported through this company for several local car dealers, he said, adding that a leasing company which (changed its name after fraud was detected) is a subsidiary of a bank has provided loans to import those vehicles.                                                                                                                 +The modus operandi of the racket was to open Letters of Credit (LCs) for a value less than the actual value under the name of the overseas company and brought down those vehicles without directly importing from the manufacturing company in Germany.                                                                                                              +Racketeers have imported those vehicles using duty free and duty slashed permits issued to Ministers, MPs, provincial councilors and senior government officials, a Customs trade union leader said.                                                                                                                     +He noted that a senior official of customs has lodged a complaint at the Bribery or Corruption Investigation Commission claiming that this custom duty fraud had taken place with the knowledge of a top politician in the country.                                                                                                                +Already the Government has forfeited a staggering Rs. 57 billion in revenue granting duty free concessions for import of vehicles for public servants, Treasury data revealed.                                                                                                               +The duty free permit only allows a senior official to import a vehicle valued at less than US$35,000. Most officials sell those permits as they don’t have money to import a vehicle even on a permit.                                                                                                                  +Some motor traders purchase these permits and use the permits to import luxury vehicles, he said.                                                                                                                     +He said these companies also receive a tariff relief on the declared value of less than US$35,000 when importing the vehicles.                                                                                                                +He said the companies pay about 0.45 per cent tax to the Customs instead of the actual taxes of 352.12 per cent.                                                                                                                     +At least Rs 13.9 million per vehicle was being lost by not levying the actual duty, levies and other charges, he disclosed.
avatar
fortuneteller
Equity Analytic
Equity Analytic

Posts : 47
Equity Stars : 409
Reputation : 0
Join date : 2016-08-01

Back to top Go down

Re: ABANS Unfair Offer Price

Post by Quibit on Mon Jul 10, 2017 4:38 pm

Never trust abans and Prestongies. They will never leave anything to the minority shareholders. boycott them..
avatar
Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2345
Equity Stars : 8263
Reputation : 372
Join date : 2010-05-08

Back to top Go down

Re: ABANS Unfair Offer Price

Post by worthiness on Mon Jul 10, 2017 7:52 pm

@Quibit

There is a speculation that a possible risk for short term Fixed deposit holders with Abans Finance. What is your opinion of the risk factor on short term (3 -6 months) deposits.

worthiness
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2475
Equity Stars : 6345
Reputation : 114
Join date : 2011-04-08

Back to top Go down

ABANS FINANCE IS THE BEST EMPLOYER TO WORK

Post by fortuneteller on Mon Jul 10, 2017 9:14 pm

The Following staff members were allocated free shares-MRS. H G S CHANDRAKANTHI, MRS. M V I F FERNANDO, MR. A H A JAYASINGHE, MR. D S KARUNAKARAN, MR. K KUNENTHIRAN, MR. N N PERERA, MR. P K PESTONJEE, MISS. C V SUMANADASA,  Mr S C H GAMAGE and MISS. I N JALALDEEN.(Source-Annual Report –AFSL. 2011/2012.)
These employees have no means to buy the shares.(source-Employees of Abans PLC)

They have sold the shares and are multi millionaires now!
avatar
fortuneteller
Equity Analytic
Equity Analytic

Posts : 47
Equity Stars : 409
Reputation : 0
Join date : 2016-08-01

Back to top Go down

Re: ABANS Unfair Offer Price

Post by fortuneteller on Tue Jul 11, 2017 10:17 am

@Quibit wrote:Never trust abans and Prestongies. They will never leave anything to the minority shareholders. boycott them..
Don't assume things! They loook after the staff well.

The Following staff members were allocated free shares-MRS. H G S CHANDRAKANTHI, MRS. M V I F FERNANDO, MR. A H A JAYASINGHE, MR. D S KARUNAKARAN, MR. K KUNENTHIRAN, MR. N N PERERA, MR. P K PESTONJEE, MISS. C V SUMANADASA,  Mr S C H GAMAGE and MISS. I N JALALDEEN.(Source-Annual Report –AFSL. 2011/2012.)

These employees have no means to buy the shares.(source-Employees of Abans PLC)




Most of them  have sold the shares and are multi millionaires now! Very Happy Very Happy Very Happy
avatar
fortuneteller
Equity Analytic
Equity Analytic

Posts : 47
Equity Stars : 409
Reputation : 0
Join date : 2016-08-01

Back to top Go down

Re: ABANS Unfair Offer Price

Post by fortuneteller on Sat Jul 15, 2017 12:14 pm

@Quibit wrote:Never trust abans and Prestongies. They will never leave anything to the minority shareholders. boycott them..

Caution-
Abans Finance downgraded to associate company of Abans Group and lose it's subsidiary status.
Ironwood Investment Holdings (Private) Limited which successfully concluded the Mandatory offer of Abans Finance PLC is likely to replace the Chairman by an independent Professional Shortly?
avatar
fortuneteller
Equity Analytic
Equity Analytic

Posts : 47
Equity Stars : 409
Reputation : 0
Join date : 2016-08-01

Back to top Go down

Re: ABANS Unfair Offer Price

Post by worthiness on Sat Jul 15, 2017 7:29 pm

Now Ironwood investments holds 41.89%..Correct?

worthiness
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2475
Equity Stars : 6345
Reputation : 114
Join date : 2011-04-08

Back to top Go down

Re: ABANS Unfair Offer Price

Post by fortuneteller on Tue Jul 18, 2017 10:13 am

CAUTION-KEEP AWAY FROM AFSL

 MAJOR CHANGES AFTER ABANS GROUP PARTLY EXITING ABANS FINANCE

Senior most staff member recruited by one of the major shareholder Ironwwod Investment without the knowledge of Abans group for recoveries told to quit after the bad loans and provisions increased substantially?


Profits for the three months up to JUNE 2017 has droped to below Rs 10 Mn mark from Rs 35.3 Mn?
avatar
fortuneteller
Equity Analytic
Equity Analytic

Posts : 47
Equity Stars : 409
Reputation : 0
Join date : 2016-08-01

Back to top Go down

Re: ABANS Unfair Offer Price

Post by Wimal Modawansa on Tue Jul 18, 2017 6:51 pm

DOES THIS NEWS ITEM ON EXCHANGE CONTROL FRAUD HAVE ANY RELEVANCE TO TWO SENIOR OFFICIALS OF "A FINANCE COMPANY" FOR WHICH MANDATORY OFFER WAS CONCLUDED?                                                                                               
•Customs probe continues into luxury car undervaluation. •Sri Lanka Customs is still to complete an investigation into a massive vehicle racket of importing 1500 undervalued luxury cars in 2015 causing a loss of billions of rupees to the country, officials alleged. •These investigations are yet to be completed due to the complex nature of the racket involving a private vehicle firm and a leasing company (which changed its name after the fraud was detected) which is a subsidiary of a bank, Customs spokesman Dharmasena Kahandawa reported. •This private vehicle importer had registered a company overseas and the luxury cars were imported through this company for several local car dealers, he said, adding that a leasing company which (changed its name after fraud was detected) is a subsidiary of a bank has provided loans to import those vehicles. •The modus operandi of the racket was to open Letters of Credit (LCs) for a value less than the actual value under the name of the overseas company and brought down those vehicles without directly importing from the manufacturing company in Germany. •Racketeers have imported those vehicles using duty free and duty slashed permits issued to Ministers, MPs, provincial councilors and senior government officials, a Customs trade union leader said. •He noted that a senior official of customs has lodged a complaint at the Bribery or Corruption Investigation Commission claiming that this custom duty fraud had taken place with the knowledge of a top politician in the country. •Already the Government has forfeited a staggering Rs. 57 billion in revenue granting duty free concessions for import of vehicles for public servants, Treasury data revealed. •The duty free permit only allows a senior official to import a vehicle valued at less than US$35,000. Most officials sell those permits as they don’t have money to import a vehicle even on a permit. •Some motor traders purchase these permits and use the permits to import luxury vehicles, he said. •He said these companies also receive a tariff relief on the declared value of less than US$35,000 when importing the vehicles. •He said the companies pay about 0.45 per cent tax to the Customs instead of the actual taxes of 352.12 per cent. •At least Rs 13.9 million per vehicle was being lost by not levying the actual duty, levies and other charges, he disclosed.
avatar
Wimal Modawansa
Equity Analytic
Equity Analytic

Posts : 23
Equity Stars : 157
Reputation : 0
Join date : 2017-03-13

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Statistics
We have 20021 registered users
The newest registered user is CooperOr

Our users have posted a total of 326071 messages in 50102 subjects
Who is online?
In total there are 187 users online :: 21 Registered, 0 Hidden and 166 Guests

chana007, crs, ddrperera, DHAVER88, EquityChamp, Eugine Fernando, hariesha, Imti2020, kapifm, kjojo, monash, MRBRAVO, Ran49, ranferdi, rizan666, rosh@cse, samcader, sisira.wijeweera, stockback, Suranga_77, thankrishan

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.