| Latest Forum Topics / QT Vascular |
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QT appoints banker to look for buyer!
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RoundRound
Elite |
27-Nov-2015 07:21
Yells: "Tikam Tikam can also" |
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SGX needed statistics to prove they are "doing" work in order to collect their fat salaries. But the majority of good companies are skipping listing in SG altogether so SGX have to source for 2nd or 3rd tier lousy companies to list here. These 2nd and 3rd tier companies that maybe Indonesia or Malaysia exchange do not accept.
A few newly listed companies that are doing well are because they are controlled by a few major shareholders and some institutions, companies like Singapore O&G & Jumbo (with Ah Kong inside) and the public can only subscribe to a few million shares out of the hundreds of million free float.
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sheerluck
Supreme |
26-Nov-2015 23:52
Yells: "Work for your money first then let your money work for you" |
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This I have to agree with you.  SGX can only attract lousy coy to list here.  Many report poor result the moment they listed.  SGX not stupid and this happened too many times liao.  If they want to do something, they can.  They choose not to.  Really not power?  Yes no power to risk damaging revenue for itself.  
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edwinjup
Supreme |
26-Nov-2015 23:36
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I just dont like sgx....bring in all lousy counters...endup.who suffer.....retail investors.... | ||||
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Sunstar
Senior |
26-Nov-2015 23:27
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Lol.. Who don't wanna see money.. Just DYDD lah. I never say guarantee will chiong here chiong there. My intentions are to give my opinion for those who are vested. Think I bullshit just sell, think I make sense, hold lor. But i always emphasize don't short.. sheerluck has his doomsday view I have my optimistic view. Sheerluck's view is well thought out too. But I stick to my gun. | ||||
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edwinjup
Supreme |
26-Nov-2015 23:04
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Current nav -2c....next q will be -5c?...next year end will be -20c..??......i dont bother to understand...just show mi the money... i just wan to see the money.... $$$
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Sunstar
Senior |
26-Nov-2015 23:01
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It's a chicken and egg situation.. QT doesn't have the mega sales force and distribution networks that the big boys like Medtronics. Abbot, Bard have. QT tied up with Johnson & Johnson Cordis to distribute its products, but Cordis was then bought Cardinalhealth. Probably during this restructuring period, Cordis sales was affected which was why QT took back some accounts. If QT wants revenue, it can expand its sales force but it's going to cost it a lot more to hire sales. My view is that it rather focus on its R&D to bring its products to IDE/FDA stage. Company is setup to be taken over by the big boys I believe. Go read some of the M&A cases in USA. I think our market lacks understanding of such bio-medical devices companies.
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sheerluck
Supreme |
26-Nov-2015 22:53
Yells: "Work for your money first then let your money work for you" |
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They don' t need to pay now but whether they need to pay or not in the future depends on the appeal.  All they managed to achieve is bought more time to sort out the $$$ issue.  That issue remains. If QTV is truly prudent, they will not revert this damage in their BS so technically, they are still threading on the edge of bankruptcy. More time to look for buyer indeed.  Note that the acquirer needs to takeover that US$20mil as well.  With poor chocolate sale and FDA on DCB not even started, it will be tough.  FDA, easily one year plus process so being acquired is not impossible but need brave soul to stomach damage, work with a CEO who has a track record of moonlight during his term for his own benefits and BIG ? on the DCB potential. It will be a race of FDA approving DCB+promising sale (fly)  vs lose appeal and pay damage (crash).  Which one will arrive first hard to say. Personally, I think QTV and Mr Eitan will not win the appeal. Also if QTV just sell its assets, gone case for shareholders.  Need to sell whole company.  But sell assets no need to takeover liabilities.  Sell company need to.  So long term wise it is still not going anyway. Another thing we can look out for is the sale for thr next quarter since they recently changed the more rigid agreement with Cordis to a more flexible one.  If sale improved, it should helps, flat or still poor, haizzzzzzzz........ ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
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edwinjup
Supreme |
26-Nov-2015 22:36
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Last q spend around $10m to get $2m rev....the spending must reduce and rev must increase 10x or more per q...orelse hard to reward shareholders | ||||
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Sunstar
Senior |
26-Nov-2015 22:18
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Awww 😊 😊 .. That's very sweet of you. Thank you..
I maintain my view now that QT doesn't need to pay usd$20m, it's a mini victory for them. They have averted bankruptcy or need to raise funds through rights issue etc. They can proceed to file for appeal which will give them ample time to look for potential buyer in meanwhile. Those vultures circling over their head can go back to their nest empty stomach. For being prudent, QT write down the legal losses in their books but share price was punished again by these shortists. Kenna whacked twice for the same thing. Hopefully share price can recover by these nasty shorts. 2nd tranche money likely to be called to fund its operating cash flow and legal expenses are going to drop drastically moving forward. This should improve its cash flow. Qt may have negative equity, but value lies in their patents which it has spent probably a hundred million in developing its product and FDA approvals. These money was raised thru it's pre-ipo investors and subsequently during ipo. It's not going to let go without a fight. Please DYODD..As I reiterated many times, don't buy if you don't believe .. But short and face the music if it gets halted suddenly
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WanSiTong
Supreme |
26-Nov-2015 21:51
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MEDIA RELEASE UPDATE ON ANGIOSCORE LITIGATION Highlights: * A three-judge panel of the Federal Circuit unanimously granted a motion to stay the  enforcement of the trial court ' s judgement pending the appeal by the Group and Dr.  Konstantino * The Group and Dr. Konstantino argued that a stay of enforcement was appropriate  based on a four factor test that includes consideration of likelihood of success on the  merits of the appeal SINGAPORE, 26 November 2015 - QT Vascular Ltd., together with its subsidiaries (the  " Company" or " QT Vascular" , and together with its subsidiaries, TriReme Medical LLC and Quattro Vascular Pte. Ltd., collectively the " Group" ), a global company engaged in the design, assembly  and distribution of advanced therapeutic solutions for the minimally invasive treatment of vascular disease, is pleased to announce that a three-judge panel of the United States Court of Appeals  for the Federal Circuit (" Federal Circuit" ) has unanimously granted the Group and Dr. Eitan Konstantino (" Defendants" ) a motion to stay the enforcement of the trial court ' s judgment (being  damages of US $ 20.034 million awarded against the Defendants) (" Trial Court ' s Judgement" ) on the State Law Claims (" Order" ). The Defendants argued that a stay of enforcement was  appropriate based on a four factor test that includes consideration of the likelihood of success on the merits of the appeal. AngioScore, Inc. (" AngioScore" ) had opposed the to stay the motion  enforcement of the Trial Court ' s Judgement. As a result of the Federal Circuit ' s Order, AngioScore is not permitted to seek enforcement of the  Trial Court ' s Judgment while the appeal is pending. The Group continues its operations in the normal course of its existing business. The Federal Circuit is the appellate court that will hear the Defendants' appeal. Please refer to the Company ' s announcements of 29 April 2015, 2 July 2015, 8 July 2015 and  media release on 4 May 2015 for further information on the State Law Claims. ~~ End ~~   |
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halleluyah
Supreme |
25-Nov-2015 11:32
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tis bugger better to play day trade only....
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Richie81
Member |
25-Nov-2015 11:13
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Counter holding pretty steady at current price. Given a company for sale, this counter has pretty good upside. Just vested at 0.1, hope for best! |
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halleluyah
Supreme |
24-Nov-2015 17:17
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close the gap then chiong up...
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sheerluck
Supreme |
24-Nov-2015 16:09
Yells: "Work for your money first then let your money work for you" |
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Recovered given boarder markert recovery.  Anytime can go back to square one.
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andysim83
Elite |
24-Nov-2015 15:55
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Suddenly revive |
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moron101
Supreme |
24-Nov-2015 13:41
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Break out.. Chiong liao.. | ||||
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lglg666
Supreme |
14-Nov-2015 00:45
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If this is true then it's a not good sign and still do more digging...may find a can full of worms instead of a pot of gold.
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duofu1285
Member |
13-Nov-2015 10:02
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sure?   when to come out
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Composure
Senior |
13-Nov-2015 09:44
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support is back |
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james81
Member |
13-Nov-2015 00:33
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http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=5I0:SES   |
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