ShareJunction - Member Posts

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Wah. Now I become a spy from Angioscore camp......not sure if I should be happy or not with this ?

Fatm@n ( Date: 25-Jul-2015 16:46) Posted:

You can't be wrong....
I suspect you are from Angioscore camp....

sheerluck ( Date: 25-Jul-2015 16:28) Posted:

Mr Ephraim was the founding CEO of Angioscore but i don' t think he is with Angioscore now if I am not wrong.

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I am not interested in your word, my word. I am more interested for someone to put up strong and healthy debate. I am more pragmatic and prefer to argue on facts rather than wishful thinking (most of the time that is).

Anyway, look out for these events:

- Q2 results

- Sept Patent Claim lawsuit

- appeal against lost State Law lawsuit

Each success will give QTV the lift it desperately need. Each failure just means more shit to come. Hopefully from now till some forseeable future, someone swallow up QTV with a good price tag. I think retailers has suffered enough liao.

Lastly, mgmt please be more fair to retailers. Don' t always release news in such a way that gives some more time to react than others.

Fatm@n ( Date: 25-Jul-2015 16:40) Posted:

It's your words against mine.
I am going buy now or regret later.
Maybe you can sell now or regret later...
Anyway as per what I mentioned, you don't have any QT shares now, you may wish to short....
You are most welcome.
I am sure I will be the first few to pick up your short....

sheerluck ( Date: 25-Jul-2015 16:23) Posted:

I don' t what to say about this. Obviously this is too good to be true deal for these investors. But as what you said, we can say it is illogical but it is what is written in the agreement that counts in the court of law.

Assuming you are right, your scenario is entirely possible. QTV still gets their $13mil. Investors immediately recoup up to 90% of their capital although unlikely. Existing shareholders then ended up with even lower share price. Now it is unlikely that these new investors can recoup up to 90% of their capital since unleashing so many share, price likely collapse pretty quick. So investors also unlikely to sabo themselves like this. Ofc, they can buy back at dirt cheap price when more and more retailers cannot tahan. Either way, they don' t lose. They are effectively transferring money from the market to the company through these " new investors" .

This is pretty much what they did with the IPO. It is a private placement only at 28cts, no retailers got a single share. First day pump up and gradually dropped to 28cts but never below since selling below, the pre-IPO investors lose money. After day laters, analyst cook up nice story and price went up. Pre-IPO investors continue to unload. So company got their IPO proceed, pre-IPO got their investment + very nice profit back. Money doesn' t appear out of nowhere. So if coy got money, pre-IPO investors got profit, who gave to them? Retailers who are so naive to believe analysts bullshit to buy at high price of 40-50cts hoping for 60-70cts.

How credible are the mgmt? I let you decide yourself with these chronicle of events:

- 29 Apr - announced litigation - price dropped from 27cts to 22.5cts (before annoucing price already started to decline from 33cts. I don' t think retailer got a clue what is going on yet but hard to say about people close to the company!)

- 4 May - BOD support case to support price - price stabilise around 22.5cts (retailers probably feels quite assure by mgmt statement but over the few week, price gradually decline. Some people decided to get out quietly?)

- 20 May onwards - price started to drop from 22.5cts to 18.2cts

- 2 Jul - announced lost of state law claim - price plunged to 11.6cts (one forummer picked up a critical point here. The halt came one day after the litigation outcome. Trading volume as doubled compare to last few days on 1 Jul. Retailers still unaware of situation on 1 July but hard to say about people close to the company!)

People can be in denial and brush it off as coincidence. Up to individual.

So how much fortune has mgmt bring to their own investors and how much damages has mgmt bring to powerless retailers?

Now mgmt release aggreement with such ambiguity! Perhaps the clasue is as it is. Mgmt really want to suck retailers dry?

Either the mgmt clarify or the market will tell us the truth.

Buy now or regret later or buy now and regret later? Your choice.

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Mr Ephraim was the founding CEO of Angioscore but i don' t think he is with Angioscore now if I am not wrong.

Sunstar ( Date: 25-Jul-2015 16:16) Posted:

Agree, there's more than meets the eye when the founding ceo of Angioscore is one of the investors. Hope the opening price is not too high on Monday so I can buy cheaper 😝

Fatm@n ( Date: 25-Jul-2015 15:58) Posted:

Angioscore wanted to acquire QT but they can't swallow their pride...
Sueing QT is one of the best option.
Bring down the share price, giving them no chance to turn back eventually QT will ask for private settlement.
By then Angioscore will announce that they acquired QT out of pity or any other ridiculous reasons....
Angioscore will win back their pride and Aquired at low price.
QT do not want things to happen this way... They want to be Aquired but with pride and high price.
So this is a counter strategy....
Good luck to All QT supporters....

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I don' t what to say about this. Obviously this is too good to be true deal for these investors. But as what you said, we can say it is illogical but it is what is written in the agreement that counts in the court of law.

Assuming you are right, your scenario is entirely possible. QTV still gets their $13mil. Investors immediately recoup up to 90% of their capital although unlikely. Existing shareholders then ended up with even lower share price. Now it is unlikely that these new investors can recoup up to 90% of their capital since unleashing so many share, price likely collapse pretty quick. So investors also unlikely to sabo themselves like this. Ofc, they can buy back at dirt cheap price when more and more retailers cannot tahan. Either way, they don' t lose. They are effectively transferring money from the market to the company through these " new investors" .

This is pretty much what they did with the IPO. It is a private placement only at 28cts, no retailers got a single share. First day pump up and gradually dropped to 28cts but never below since selling below, the pre-IPO investors lose money. After day laters, analyst cook up nice story and price went up. Pre-IPO investors continue to unload. So company got their IPO proceed, pre-IPO got their investment + very nice profit back. Money doesn' t appear out of nowhere. So if coy got money, pre-IPO investors got profit, who gave to them? Retailers who are so naive to believe analysts bullshit to buy at high price of 40-50cts hoping for 60-70cts.

How credible are the mgmt? I let you decide yourself with these chronicle of events:

- 29 Apr - announced litigation - price dropped from 27cts to 22.5cts (before annoucing price already started to decline from 33cts. I don' t think retailer got a clue what is going on yet but hard to say about people close to the company!)

- 4 May - BOD support case to support price - price stabilise around 22.5cts (retailers probably feels quite assure by mgmt statement but over the few week, price gradually decline. Some people decided to get out quietly?)

- 20 May onwards - price started to drop from 22.5cts to 18.2cts

- 2 Jul - announced lost of state law claim - price plunged to 11.6cts (one forummer picked up a critical point here. The halt came one day after the litigation outcome. Trading volume as doubled compare to last few days on 1 Jul. Retailers still unaware of situation on 1 July but hard to say about people close to the company!)

People can be in denial and brush it off as coincidence. Up to individual.

So how much fortune has mgmt bring to their own investors and how much damages has mgmt bring to powerless retailers?

Now mgmt release aggreement with such ambiguity! Perhaps the clasue is as it is. Mgmt really want to suck retailers dry?

Either the mgmt clarify or the market will tell us the truth.

Buy now or regret later or buy now and regret later? Your choice.

nngeeh ( Date: 25-Jul-2015 15:12) Posted:

Sorry, i meant " If my intepretation is correct, if anyone pumps up the shares, the investors can borrow shares to sell it first, and convert their bond later.

nngeeh ( Date: 25-Jul-2015 15:10) Posted:

I only trust what i read from the announcement. I could have misinterpret the announcement, but i will need concrete and logical explanation to challenge the language that is used in the announcement. I intended to invest until i see the fine detail .... and will be happy if anyone can explain or contradict what i have interpreted below.

If my intepretation is correct, these anyone one pump up the shares, the investors could borrow to sell it first, and convert their bond. The profit will be higher. As explained below, the bond can be converted any time, and i didn' t see any selling restriction from the announcement.

Conversion

At any time from the closing date, the Bonds may be converte at a fixed conversion price of S$0.128 (" Fixed Conversion Price

-> I interpreted that the bond can be converted from the issuing date

Payment on Maturity

On Maturity Date, and irrespective of whether the Investors have converted their Bonds into Shares, the Company will pay to each Investor an amount equivalent to the principal amount of the Bonds subscribed by such Investor. Such amount will not be payable by the Company where the Investor has already received or is entitled to receive the payments in a Qualifying Exit Event.

-> I interpret this as " Investor can convert their bond at any time, but still get back the principal" . The only exception is based is based on qualifying Exit event.

Qualifying Exit Event

Occur prior to the Maturity Date:

(a) entry by the Company into legally binding agreements for the sale of the Company and/or all or any of the Subsidiaries

(b) entry by the Company into legally binding agreements for the sale of a major asset or business of the Group.

-> I intepret this that only when the company is sold, the company will need to pay the principle

Interest

The Bonds bear interest from the closing date of each tranche at the rate of 8.0% per annum, due and payable every six (6) months in arrears. Interest will cease to be payable on the Bonds in the event they are converted into Shares.

-> If convert the bond, no interest will be given. If can get 90% profit, why take the risk of not converting just for the 8%

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Not really pissed off at that 8%. The takeaway point is rich people have leverage to engineering low risk investments. Poor people buy in hope of striking lottery. Some got lucky, most got burnt.

Also my view on the CB remains unchange. Necessary for the company, good for the new investors (got a high reward low risk investment), bad for existing shareholders (got more risk and lower reward).

Sunstar ( Date: 25-Jul-2015 11:04) Posted:

I truly agree with you that the damages awarded in the lawsuit is quite damaging. It creates a negative perception on this stock. But there's always 2 sides to a coin.. Bad is qt cannot stomach the 20m lawsuit. Good is it clears away uncertainty for potential takeover. Imagine a big boy looking to buy qt but not sure what will happen if qt lose the patent. Now that patent has no problem , the company only has a 20m lawsuit which is peanuts to a billion dollar company. They can buy over at a certain price with no worries. Also the appeal process may take 1-2 years, and they may even potentially overturn the ruling. Whatever the car is, I believe the investors are confident qt will by then turn around with this cash injection and even taken over by then. I am sure shareholders are relieved by this news that the company has secured funding, instead of being pissed by the 8% interest rate.

sheerluck ( Date: 25-Jul-2015 10:37) Posted:

Seems like you have been reading all my posts. If you have paid attention to them, you should know my emphaise is on risk management.

The potential upside of QTV is definitely more attractive than appreciation in SG property price for a 1.5 years investment period. But the attention is on the downside ie risk. For this CD, the investors are guaranteed 8% return. For property, it might be 4%. It might be negative. They engineered such that they have super low risk for this CD. Things needs to be balanced. If they have low risk and high rewards then someone else must have high risk and low reward. Who are these people? Existing shareholders.

Like I said in my previous post, people can shout and scream 60cts, 70cts, M& A, people knock on door when FDA approve chocolate. These may or may not happen. But for sure, we get to see results every Q. QTV last quarter results is far below expectation. Only 12% of analyst target.

Also don' t forget they are still in the lawsuit with the appeal. The outcome might give QTV a lift or simple destroy it. QTV mgmt has led market to believe that the lawsuit favour them but started to change their tone during AGM. Subsequently, they annouced the lawuit outcome. Now the mgmt also said the believe the appeal is to their favour. This is like a boss telling its staff, I will pay you your salary but never do so and keep saying the same thing over and over again.

I hope they win the appeal. If not many retailers die.

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When I reread this clause, I got he same question as you. Logically speaking, they shouldn' t but the wordings suggested otherwise. This clause is ambiguous to me.

slownsteady ( Date: 25-Jul-2015 07:57) Posted:

3.7. Payment on Maturity On Maturity Date, and irrespective of whether the Investors have converted their Bonds into Shares, the Company will pay to each Investor an amount equivalent to the principal amount of the Bonds subscribed by such Investor. Such amount will not be payable by the Company where the Investor has already received or is entitled to receive the payments in a Qualifying Exit Event.

This means that the investors can convert fully and get the shares, and yet still get back their full capital of 13 mil? This means the interest is 8% per annum plus whatever amount they are able to sell the converted shares at in the market?

x 0

Seems like you have been reading all my posts. If you have paid attention to them, you should know my emphaise is on risk management.

The potential upside of QTV is definitely more attractive than appreciation in SG property price for a 1.5 years investment period. But the attention is on the downside ie risk. For this CD, the investors are guaranteed 8% return. For property, it might be 4%. It might be negative. They engineered such that they have super low risk for this CD. Things needs to be balanced. If they have low risk and high rewards then someone else must have high risk and low reward. Who are these people? Existing shareholders.

Like I said in my previous post, people can shout and scream 60cts, 70cts, M& A, people knock on door when FDA approve chocolate. These may or may not happen. But for sure, we get to see results every Q. QTV last quarter results is far below expectation. Only 12% of analyst target.

Also don' t forget they are still in the lawsuit with the appeal. The outcome might give QTV a lift or simple destroy it. QTV mgmt has led market to believe that the lawsuit favour them but started to change their tone during AGM. Subsequently, they annouced the lawuit outcome. Now the mgmt also said the believe the appeal is to their favour. This is like a boss telling its staff, I will pay you your salary but never do so and keep saying the same thing over and over again.

I hope they win the appeal. If not many retailers die.

Fatm@n ( Date: 25-Jul-2015 03:12) Posted:

I believe that you had been burnt by this counter before as all your comments are negative!
Yes! Investors are not charity.
What they wants is returns.
8% is good enough?
Placing $1mil to get $80K is good enough?
I can buy a $1mil property in Singapore and rent it out, I can easily fetch $40K furthermore eventually the price of the property will appeciate.
I think the return is definitely higher than 8%.
On papers, some of these investors are substantial share holders, what benefit them most is the shares price! That is only on paper, those not on papers only gods know....
Mr Ephraim Heller who is the founding CEO of Angioscore is involve in this funding!
Something strange???
Founding CEO is supporting when they are against each other on law suit!

I knew that you are not holding any.
My humble suggestion is that you start to pick up some on Monday morning (first thing in the morning).
Please note that, you are not required here for all this useless and negative comments as I felt that you are too naive.

$0.128 is the minimum that we are going to see when markets open on Monday.
Expect closing is $0.14.

After this show, next is when QT gotten the approval from CE Mark and FDA. ( shouldn't be too long to see this happen)

Final show for near future is AngioScore.
The result should be a winning situation.
There could be many possibilties....
It's for us to find out.

By 31/12/2015 closing forecasted to be at $0.60-$0.75.

sheerluck ( Date: 25-Jul-2015 00:43) Posted:

These investors aren' t charity. Their confidence are engineered by managing risk.

This round of CB is worse for existing shareholders.

Compared to last round:

- maturity reduced from 2 years to 1.5 years with option to extend by 0.5 years (if good, stay for another 0.5 years. If not quickly take principle and interest and ciao)

- interest remained at 8% (already high at 8% so paiseh to ask for more. Which bank pay interest anywhere near 8%?)

- conversion price lowered from 19.2cts to 12.8cts, a 33% reduction (even worse dilution for existing shareholders and there is no lock up period at all.)

- no proceed to be used for payng lawsuit damage (ring fence proceed for commercial development)

- can appoint up to two directors into board (probably one of the reasons is to ensure proceed are used according to their agreement. Minor -ve point is have to pay them director fees. major -ve point is they will jarga their own interest first.)

So overall the new CB deal is worse than the previous one for existing shareholder, but given the shitty situation the company in, has QTV and its shareholder got any options?

Saying that this " Reinforces the potential of and confidence in QT Vascular&rsquo s Chocolate® platform" is really bullshit. If they really confidence than they should accept share placement at a premium. But they go by CB route and built in so many protective clauses to the extend that the only risk they face is QTV default (which they know is low prob) is really saying that " They are very confident that they can make money whether QTV make it (make more) or not (make less)" .

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These investors aren' t charity. Their confidence are engineered by managing risk.

This round of CB is worse for existing shareholders.

Compared to last round:

- maturity reduced from 2 years to 1.5 years with option to extend by 0.5 years (if good, stay for another 0.5 years. If not quickly take principle and interest and ciao)

- interest remained at 8% (already high at 8% so paiseh to ask for more. Which bank pay interest anywhere near 8%?)

- conversion price lowered from 19.2cts to 12.8cts, a 33% reduction (even worse dilution for existing shareholders and there is no lock up period at all.)

- no proceed to be used for payng lawsuit damage (ring fence proceed for commercial development)

- can appoint up to two directors into board (probably one of the reasons is to ensure proceed are used according to their agreement. Minor -ve point is have to pay them director fees. major -ve point is they will jarga their own interest first.)

So overall the new CB deal is worse than the previous one for existing shareholder, but given the shitty situation the company in, has QTV and its shareholder got any options?

Saying that this " Reinforces the potential of and confidence in QT Vascular&rsquo s Chocolate® platform" is really bullshit. If they really confidence than they should accept share placement at a premium. But they go by CB route and built in so many protective clauses to the extend that the only risk they face is QTV default (which they know is low prob) is really saying that " They are very confident that they can make money whether QTV make it (make more) or not (make less)" .

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This REX really hopeless. Their tech is no truly independent in detecting oil. Their tech is half-baked and by inference they investing on asset based on their half-baked tech is also trying luck......Their claim of 85% is misleading.

I got a tech than has slightly more than 50% chance (I not so shameless to say 85%) of detecting oil in every HDB houses in Singapore. Can fight with REX' s tech?

Octavia ( Date: 24-Jul-2015 14:25) Posted:

But do not be fooled by its look...after some time you will know whether the CEO is a player or an actor.:)

sheerluck ( Date: 24-Jul-2015 14:10) Posted:

If this REX is as solid as the two T-REXs you posted, investors will have some hope.

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If this REX is as solid as the two T-REXs you posted, investors will have some hope.

Octavia ( Date: 24-Jul-2015 13:33) Posted:

Sheerluck,happy times are over.See my 2013 posting.

Octavia ( Date: 07-Aug-2013 13:32) Posted:

You are so right.

Now.Happy happy.

Next change.Run for your life.Lol

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I meant for owners to cash out.

Berani ( Date: 24-Jul-2015 13:35) Posted:

whole day number of trade so little.

those ppl buy high yesterday... will throw the shares slowly.

sheerluck ( Date: 24-Jul-2015 13:25) Posted:

IPO at the wrong time for investors but at the right time for cashing out before market totally lost interest in O& G sector.

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IPO at the wrong time for investors but at the right time for cashing out before market totally lost interest in O& G sector.

treetops ( Date: 23-Jul-2015 18:16) Posted:

Lol. Ipo come out wrong timing...

Zachiel ( Date: 23-Jul-2015 16:03) Posted:

Got some at 0.325 :D

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No point delisting. CEO can continue to draw fat salary while finding no oil. What investors do to them? When company runs out of cash and CEO starts to worry about his pay, then cook up some nice stories, issue rights, warrants. Investors will continue to pump money to sustain his pay.

The coy gave me the impression that their tech alone can find oil but from their latest announcement, it also need other party tech to get it right as well. So they keep claiming their tech is got dragon but cannot find oil because other' s tech are worm......

Like theory very good but practical completely fail. What 85% got it right. Till now hit rate is 0%. Really good at blowing only.

halleluyah ( Date: 24-Jul-2015 12:42) Posted:

coming liao...vry soon...lol....will delist???

halleluyah ( Date: 14-Jul-2015 16:48) Posted:

becoming micro soon....

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NC is losing it each day. There are no contract wins for donkey months now. They needing to refinance loan indicates that cashflow is unable to do so. Will we see a loss this coming quarter? Will NCL attempt to continue recognising revenue for those BTS without contract to contain market fear and hope to clinch a deal before they run out of time?

Will NC survive?

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Fund already starting to desert them. FIL sold at a loss within a few days of buying up.

HVRRVH ( Date: 24-Jul-2015 10:53) Posted:

Brand name investor and fund also cannot stem the drop in price, no profit mean no profit.

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Wah liao, This dino everyday frop 5% - 10%. Like that it will become a baby REX soon.

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IEV yesterday announced a gas supply agreement. Note this is not a contract wins but an agreement where IEV can get cheaper gas for selling.

IEV' s natural gas business used to enjoyed about GP of 30% but has fallen to 11% for FY14. This new agreement should help to improve the GP for this segment.

IEV share price is pretty low now and is trading at about 45% BV. However, it has not been profitable (after excluding one-off gain) for the past three years. Last quarter Q1 results is also a loss.

It recently announced that it won a compensation of about USD2.2mil from its US contractor for one of its project. A minor plus since they were originally suing for USD8.6mil. Bette than nothing I suppose.

And it is operating in an out-of-flavour O& G sector.

Has it bottomed out or more worse to come?

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hit 15cts but can go much lower still.

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After this dino die and turned into fossil, the CEO can said " We found oil!!" .....but that will be 65million years later.......

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Bro, you too kind to them. At least dino shit got some historic value.

halleluyah ( Date: 22-Jul-2015 09:35) Posted:

its better to siam tis dinosaur....frm bad to worst yet only found dino' s shit...nothing else...

genting^2 ( Date: 22-Jul-2015 09:14) Posted:

Will it delist