ShareJunction - Member Posts

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How many times must they pull the old trick to trap retailers?

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Why you so like that? Just stating facts only......relax lah. So far market not too bad. Rex may still have some leg left. But really see if the offloading or proft-taking that you prefered or dumping as I felt so continue.

Either way everyone huat.

benjidog ( Date: 21-Aug-2019 19:31) Posted:

Up to you lor...you so very smart, haha too You can call it anything you want I only comment the trading pattern mah And it was not pump and dump, because still close much higher then 68 last week price Thats why its not dump, its called profit taking Good luck if you are shorting Got money to be made tomorrow Be careful if Principal catch you

sheerluck ( Date: 21-Aug-2019 19:14) Posted:

Pump and dump is a standard description for BB action which they most likely will profit. Now dump become lao sai cut loss? Haha...

Anyway, Rex severely undervalued by market, Market price it only on par with its cash value and totally ignored its valueable Oman oil assets which they expect to see first oil under the current challenging oil situation. Somemore Oman is offshore. Is it really profittable with oil price around this level

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and more importantly mgmt pay

ysh2006 ( Date: 21-Aug-2019 20:11) Posted:

Krisenergy announced not paying interest for their debts...save money for restructing use....

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Alita is scheduled to resume trading on 3 Sept. Should have more clarity by then.

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Pump and dump is a standard description for BB action which they most likely will profit. Now dump become lao sai cut loss? Haha...

Anyway, Rex severely undervalued by market, Market price it only on par with its cash value and totally ignored its valueable Oman oil assets which they expect to see first oil under the current challenging oil situation. Somemore Oman is offshore. Is it really profittable with oil price around this level?

benjidog ( Date: 21-Aug-2019 18:58) Posted:

The word dump suggests lao sai cut loss

actually last 2 days was big buy up, followed by profit taking

today some bullies slipped in while Principal was out

but yesterday' s bully was caught and given 2 rotan backside

tomorrow is Day 4 of this rally,
expect early morning showers followed by sunny weather.

sheerluck ( Date: 21-Aug-2019 18:50) Posted:

It was heavily dumped for the past two days. No

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It was heavily dumped for the past two days. No?

benjidog ( Date: 21-Aug-2019 18:47) Posted:

Are you hoping to short?

you can try for 1-2 pips play tomorrow

sheerluck ( Date: 21-Aug-2019 17:35) Posted:

Rex was heavily dumped today and yesterday (heavier yesterday). Seems more and more like a sell on news event now.

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Not the point I am making.

Goldenfire ( Date: 21-Aug-2019 17:51) Posted:

Got investors of cos is good indication. At least got money in. Investors also human not god, can make mistakes, unable to foresee every things Who can guarantee 100% gain in what u have invested. Who can foresee IPO listing got issue. Who can foresee China has capital control on fund transfer to offshore. Alibaba also expected to delay its IPO listing in HK. Can u foresee the trade war, HK saga before it happens?

sheerluck ( Date: 21-Aug-2019 17:32) Posted:

Clearly a good case study for those who think strategic investors is any good indication. Presumbly the Thais did theirs and didnt expect they will have difficulty claiming back their money later. Now need to send a team of lawyers to do so. At the point of their investment, how good was their due diligent then?

Logical

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Rex was heavily dumped today and yesterday (heavier yesterday). Seems more and more like a sell on news event now.

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Clearly a good case study for those who think strategic investors is any good indication. Presumbly the Thais did theirs and didnt expect they will have difficulty claiming back their money later. Now need to send a team of lawyers to do so. At the point of their investment, how good was their due diligent then?

Logical?

Goldenfire ( Date: 21-Aug-2019 17:20) Posted:

Yes. Huang said Thai brought a team of lawyers to SG to understand why the money cannot transfer out and agreed to standstill til Dec 2019.

investshare ( Date: 21-Aug-2019 16:47) Posted:

Was this discussed in AGM?

The Board of Directors Meeting of Thoresen Thai Agencies Public Company Limited (?TTA? or the ?Company?) No. 5/2019 held on 13 August 2019 acknowledged the progress of the negotiation on the principal repayment of the loan amounting to USD 20 million from Sino Grandness Food Industry Group Ltd. (the ?Borrower? or ?SGFI?).
The Company hereby would like to update that as Soleado Holdings Pte. Ltd. (the ?Lender? or ?Soleado?), a wholly owned subsidiary of the Company, had not received the principal repayment together with the accrued and unpaid interests payment from SGFI, Soleado issued a letter to SGFI in respect of the amounts due and payable to Soleado pursuant to the terms set out that Soleado will forbear from taking any action to claim or enforce the obligations of SGFI and its subsidiaries to repay the amounts due and payable to Soleado, including all accrued and unpaid interests, for a period up to and including 31 December 2019 (?Standstill?).
However, the Standstill is subject to certain conditions including the payment of interest of at least SGD 2 million, a partial progressive principal repayment, and no material adverse event occurring to the Borrower and its subsidiary during the Standstill period.

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Looks like a busy period for SinoG. Is the end game near or is it just the beginning?

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Still battling at the 0.076 level. Will there be a last minute dump or will the battle continue tmr?

sheerluck ( Date: 21-Aug-2019 09:05) Posted:

Still cannot get out of 0.076. If this resistance cannot break then it can only go down from here.....

sheerluck ( Date: 19-Aug-2019 11:53) Posted:

This stock is well-played by BB. Let see price action since the announcement of the divestment.

The divestment announced on 28 Jan and price moved from 0.081 to 0.099 in two days in huge volume of 360mil shares exchanged. But prior to that, accumulation actually started on 4 Jan over 3 weeks moving price from 0.055 to 0.081 with a rest point at ard 0.075.

Then it turned radio silent and global event took over. Price steadily decline to 0.058 by end may with help of US-China trade war pessimism.

Then on 3 Jun, Rex announced completion of divestment. BB played to a high of 0.076 but didnt break it. Price steadily decline back to 0.061 with US-China yoyo trade-war optimism/pessimism.

Now the 200-MA line is currently at 0.073. it did break out of the triangle but is struggling to break out of the 0.073-0.076 range.

This news is already 7 months old and BB has already played it twice. How will BB play this round?

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A 15cts O& G company trading at half its NAV (0.076) with mgmt pocketing fat pay, leaving shareholders to feed themselves and BB toyng with retail sharehholders.

Can shareholders tahan the roller-coaster ride?
Will mgmt repent on their selfishness?
WIll BB makan ikan bilis retail shareholders?

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Still cannot get out of 0.076. If this resistance cannot break then it can only go down from here.....

sheerluck ( Date: 19-Aug-2019 11:53) Posted:

This stock is well-played by BB. Let see price action since the announcement of the divestment.

The divestment announced on 28 Jan and price moved from 0.081 to 0.099 in two days in huge volume of 360mil shares exchanged. But prior to that, accumulation actually started on 4 Jan over 3 weeks moving price from 0.055 to 0.081 with a rest point at ard 0.075.

Then it turned radio silent and global event took over. Price steadily decline to 0.058 by end may with help of US-China trade war pessimism.

Then on 3 Jun, Rex announced completion of divestment. BB played to a high of 0.076 but didnt break it. Price steadily decline back to 0.061 with US-China yoyo trade-war optimism/pessimism.

Now the 200-MA line is currently at 0.073. it did break out of the triangle but is struggling to break out of the 0.073-0.076 range.

This news is already 7 months old and BB has already played it twice. How will BB play this round?

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Sell queue overwhelming buy queue.........

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Buy queue getting weak. Sell queue getting strong. Game over soon?

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Seems like major distribution.

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Too bad mgmt only want to use mouth to nag at market about its undervalue and thinking of only their own pocket but refusing to share fruit with shareholders. Market rightfully deal it what it deserves.

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Unfortunately, the high proportion of S-chip ended up as fraud cannot be ignored. Maybe another way to think about this is since so many S-chips already showed hand, then the proportion of the one being real is now higher based on the remaining. Many ways for die-hard fans to find ways to justify.

Goldenfire ( Date: 19-Aug-2019 12:26) Posted:

Price will not move without announcement from SG be it good or bad news. Fraudulent case can happen to other counter as well not only s-chip. There are also s-chip doing good. For this counter, it is a bet to either gone case or the IPO come true. No one can tell unless you are insiders. For those vested, they are of cos hope for big win. I'm vested. Life is a bet. If you can manage the lost, why not.

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This stock is well-played by BB. Let see price action since the announcement of the divestment.

The divestment announced on 28 Jan and price moved from 0.081 to 0.099 in two days in huge volume of 360mil shares exchanged. But prior to that, accumulation actually started on 4 Jan over 3 weeks moving price from 0.055 to 0.081 with a rest point at ard 0.075.

Then it turned radio silent and global event took over. Price steadily decline to 0.058 by end may with help of US-China trade war pessimism.

Then on 3 Jun, Rex announced completion of divestment. BB played to a high of 0.076 but didnt break it. Price steadily decline back to 0.061 with US-China yoyo trade-war optimism/pessimism.

Now the 200-MA line is currently at 0.073. it did break out of the triangle but is struggling to break out of the 0.073-0.076 range.

This news is already 7 months old and BB has already played it twice. How will BB play this round?

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Lithium is experiencing what oil was experiencing from mid-2014. If same pattern, many lithium copmanies will go into administration....jialat liao..........

Will shareholders be willing to open their own pocket to continue to finance mgmt fat pay, lender interest and even lender principal while they continue to risk no return in the end......

What can the oil situation in the last few years teach us? Will people ever learn?