| Latest Forum Topics / Oceanus Last:0.003 -- |
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Oceanus major business model restructure
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Lightyear
Veteran |
21-Mar-2021 08:47
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This will be a coming week of ups
The CEO just relaxed on yacht this weekend . .
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COVID-21
Member |
20-Mar-2021 22:26
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told you NO meat liao... you not believe me .....Oceanus only Good for LT investors ....if you think making fast $$$ better think twice....
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COVID-21
Member |
20-Mar-2021 22:22
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you included what people said.... you Yakult !! :(
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gregtan123
Supreme |
20-Mar-2021 22:22
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Bro are u vested?
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COVID-21
Member |
20-Mar-2021 22:20
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you included try support the false rumours :(
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COVID-21
Member |
20-Mar-2021 22:01
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you support him to adding more rumours here ??!!!
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COVID-21
Member |
20-Mar-2021 21:53
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we all know its is just a false rumours and you try to create more rumours here??!! :(
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gregtan123
Supreme |
20-Mar-2021 21:24
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relax, let them doubt n warn. it' s superb. we can end up losers/broke or be richer than ALL these INS " clowns" HAHA. i repeat let most Singaporeans remain poor. this comment we will see on 15 April 2021
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dot123
Senior |
20-Mar-2021 20:55
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Thanks bro...Yakult!!!! 👍 👍 👍
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ckmpd1
Supreme |
20-Mar-2021 20:29
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All pointers show that Oceanus is on the right track
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SureStrike
Veteran |
20-Mar-2021 20:26
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Powderful lah! Bro.👍 🏻 😃
More yakult coming for sure. 👊 🤗
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ckmpd1
Supreme |
20-Mar-2021 19:57
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Thank you.  Much appreciated
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mondaybluesy
Senior |
20-Mar-2021 19:37
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Btw guys, I answered the following questions on Investing Note if anyone is interested (https://www.investingnote.com/posts/2211326):
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uiop1223
Supreme |
20-Mar-2021 17:40
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If the criteria to have daily trade of $40m, many companies need to delist 😂
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dot123
Senior |
20-Mar-2021 16:39
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Thanks bro 
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ckmpd1
Supreme |
20-Mar-2021 16:15
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Thank you.
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mondaybluesy
Senior |
20-Mar-2021 15:50
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Thank you. The criteria to exit the SGX watchlist is not average daily trade of $40million for past six months.  It is to have an average daily market capitalisation of at least $40million for past six months. Currently, the total number of issued shares as at 31 December 2020 is 24,296,921,463 shares.  Which means, so long as the share price is above $0.00164 per share the past 6 months, it will have fulfilled this criteria. Oceanus definitely has met this criteria.  
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mondaybluesy
Senior |
20-Mar-2021 14:27
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I am not sure if you managed to cash out in profit before the share price collapse, but if you did lose money, I am sorry to hear that.  I will not comment on the past as the present day Oceanus is not the same as before.  Different management, revenue streams, strategy and story.  In fact, think of present day Oceanus as a completely different company.  It is simply not fair to criticise the present day management for something they did not do (old management) and have no control over now. For sake of discussion, in the unlikely event Oceanus gets delisted, it is incorrect to say that the CEO and management goes away unscathed.  Private companies are way more illiquid, and given that the CEO holds more than 10% of Oceanus, it will be difficult for him to find a buyer for his shares.  It is likely he will have to take a significant discount on the latest valuation to cash out his portion.  The discount will be in the multi-millions, at least 100x more than his CEO annual salary.  We retailers will likely be allowed to exit via tag along clauses, at a discount to the last known valuation (i.e. share price on the day Oceanus gets delisted).  In short, there is nobody that wants Oceanus to remain listed and get out of the watchlist more than the CEO and the major investors.  That, I can assure you. For completeness, the exit from watchlist is not a " hopeful" 50-50 scenario.  The criteria for exit is clear: " record consolidated pre-tax profit for most recently completed financial year, AND post an average daily market capitalisation of at least $40 million over the last six months."   In addition, SGX takes into account the audit opinion of the FS and sustainability of profit. As far as we know, Oceanus has already achieved both criteria.  This is factual.  Read their quarterly earnings.  However, the quarterly reports did not need to be audited.  Thus, the focus now is on the finalistion of the audit for FYE 2020 and discussion on sustainability of profit with SGX. In summary, whether Oceanus exits the watchlist or not is not a flip of a coin.  If anything, it is way more likely that they do based on the aforementioned than they don' t.  Have a healthy dose of scepticism, but do not let that manifest into misgivings and paranoia.  Trust your due diligence and the facts. And that is what doing your own research and making an investment is.  An investment is simply a gamble in which you' ve managed to tilt the odds in your favour.  When you find those odds heavily in your favour, you bet heavily.  Like I did, with Oceanus.  
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bornloser
Senior |
20-Mar-2021 13:48
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Understand your frustration.You are not the only one.
Failure is mother of success.
Invest if you trust the new CEO and his team
Is Oceanus in 天 時 地 利 人 和 ?
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churnw
Elite |
20-Mar-2021 12:40
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I like your post . Well say.
After Post-Covid, this will be the norm onwards This counter will benefit through govt emphasis on food security and tech. 1. Oceanus 2. MC payment 3. Macro polo (when into builting fish farm)
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