| Latest Forum Topics / QT Vascular |
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QT appoints banker to look for buyer!
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RoundRound
Elite |
09-Nov-2015 18:32
Yells: "Tikam Tikam can also" |
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Actually whatever the result okay to me
Made 2 rounds in 2 days ( that's why my name RoundRound ......LOL). Friday sold 16.4c bought a few pips lower. Today sold off all at 16.5c/16.6c bought last Friday at 16c/16.1c and didn't buy back any today as was busy doing some work
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edwinjup
Supreme |
09-Nov-2015 18:16
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3q rev 2.4m...cost 1.4m...marketing 2.4m...admin 3.8m....research 2.2m...finance cost 5.5m...this joker...do just 2.4m....yet the cost of doing that 2.4m is soooo much even without the 21m law suit... so.....pls ask the mgt to reduce the cost of doing business to 1/10 rev . | ||||
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deschan
Senior |
09-Nov-2015 17:45
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The losses is due to the recognition of the Angio Score litigation judgement expenses of usd $20.4 mil.   The company as recognised entire sum being damages awarded against the CoMpany, TriReme Medica , LLC, Quattro Vascular Pte Ltd and the CEO.   Anyway the Company is trying to appeal against the judgement of State law Claims in 3Q2015.   If the Company appeals succesfully, then they can recognise other income. Good that all negative news are flush out.           |
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RoundRound
Elite |
09-Nov-2015 17:23
Yells: "Tikam Tikam can also" |
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QT Vascular results just out. Number not good.
3rd Quarter revenue dropped to $2.478m (-26.7%) vs Q3 2014 3rd Quarter loss widen to $33.575m, vs $5m losses in Q3 2014. |
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edwinjup
Supreme |
09-Nov-2015 17:20
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Z star company...loss is 15x of rev..and nav is neg 2c |
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andysim83
Elite |
09-Nov-2015 17:03
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haha drop further to .161
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jackong1979
Master |
09-Nov-2015 15:25
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they want to panic us, then collect cheap.
anyway, support at 162 alry. going up soon before 5pm i expecting close at 170 today.
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andysim83
Elite |
09-Nov-2015 15:24
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yalor....within 10min drop to .162 |
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guiren
Veteran |
09-Nov-2015 15:09
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Diarrhea |
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gavinl
Supreme |
09-Nov-2015 13:18
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What happened? Bo liat?. Not vested yet, queue at 160. Lol |
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RoundRound
Elite |
09-Nov-2015 09:32
Yells: "Tikam Tikam can also" |
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Remember tp take profit along the way. This morning I have already liquidated quite a bit while on the way to hit 16.8c.
Can back back up when reverse down.
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gavinl
Supreme |
06-Nov-2015 17:26
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Manys thanks RR. Wish you huat again on QT.
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RoundRound
Elite |
06-Nov-2015 17:22
Yells: "Tikam Tikam can also" |
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16.8c to 17c but please DYODD
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gavinl
Supreme |
06-Nov-2015 17:11
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Whats your TP? Not vested yet. Seems like at 0.166 small resistance.
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RoundRound
Elite |
06-Nov-2015 17:10
Yells: "Tikam Tikam can also" |
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Good closing at 16.4c today to me. Look like short-covering in the final minutes.
Loaded yesterday at 16/16.1c |
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sheerluck
Supreme |
06-Nov-2015 16:23
Yells: "Work for your money first then let your money work for you" |
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I didn' t come to 30ctss from that angle. Those CB investor will hold 15.5% of the enlarged share capital upon conversion.  No point for acquirer to pay extra for the remaining 85% what it is due to the CB investors. Instead, I used Angioscore assuming that it is a comparison.  It was aquired for USD230mil.  Assuming the same price tag, QTV can go to around 56cts.  But lets don' t be dreamy so say take about 50% discount gives about 28c or 30cts.  40cts+ is also a real possiblility since still cheaper than buying Angioscore and QTV DCB is likely the fourth DCB in the market.  So far haven' t heard anything similar things from Angioscore.  
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tipusultan
Member |
06-Nov-2015 15:40
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Thats why i think the price must cover what they were pay CB Investor 0.128X2=0.256 so roughly close to 0.30 should be strating point. 
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sheerluck
Supreme |
06-Nov-2015 13:27
Yells: "Work for your money first then let your money work for you" |
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The CB investors really got a good deal out of QTV' s mishap. Based on the agreement: 3.8. Qualifying Exit Event A " Qualifying Exit Event" shall mean any of the following events, provided that cumulatively such events involve an aggregate transaction size of equal to or more than S$75,000,000 (&ldquo S$75m QEE Threshold&rdquo ) and 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 or (b) entry by the Company into legally binding agreements for the sale of a major asset or business of the Group. In the event of completion of a Qualifying Exit Event, the Company receiving full proceeds on completion of such Qualifying Exit Event and the S$75m QEE Threshold having been crossed, the Company will pay to each Investor an amount equivalent to two (2) times of the principal amount of the Bonds subscribed by such Investor. This is irrespective of whether the Investors have converted their Bonds into Shares prior thereto. So whether they have convert or not, they still get 2x principle in the event of QEE.  So any no reason not to convert.  Also based on the number of issued shares, $75mil equate to 13cts/share.  This can be easily achieve based on current market price.  So the CB investors is pretty much guaranteed a windfall. The problem is really for those who are stuck at 40-50cts.  Unless they have average down, then they can hardly recoup their loss. For M& A I think 30cts is not an unrealistic expectation. FDA for its DCB shold be bext year.  Eaxcty when no idea. Anyway, Q3 results should be out next week.  Not expecting firework but QTV may surprise.
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tipusultan
Member |
06-Nov-2015 12:15
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Actually QT repersentatives meintioned few months ago at UOBKAYHIAN talk that they have peoples intersted but were not keen to sale that time, (i suppose they wouldnt get good price as Patent Suit was not settled then).  Now things are clear they are in position to seek better price or they might wait till gettign FDA approval to get even better price in this case not sure what is time line of FDA approval. 
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tipusultan
Member |
06-Nov-2015 11:44
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If i am not wrong they need to pay CB holders double then conversion price of 0.128 so around S$0.30 should be minmum to start negotiating. Since the founder has some personal legal issues (there is a court judegment againts him which requires him to surrender all profit an benifit he obtianed from his invention which is QT acquired from him to his ex-employer which he is appealing). Any adverse judgement would not effect QT as it only involve his personal income but not sure what would be his action. It make sense for him to sale the company and use the moeny to fight the legal issues.
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