| Latest Forum Topics / LifeBrandz |
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Lifebrandz to acquire goldmine business
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HB8289
Master |
21-Feb-2017 10:18
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Meaning company will be more stress 
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c3_jail
Senior |
21-Feb-2017 10:01
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What does it mean?
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steven1976
Senior |
21-Feb-2017 10:01
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Good that it is terminated. Now the share price is already 0.4cents |
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HB8289
Master |
21-Feb-2017 09:57
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SINGAPORE - Financially beleaguered firm Lifebrandz has announced that its proposed placement of 167 million new ordinary shares has been terminated by mutual agreement of the parties involved. The former nightllife entertainment firm had on Nov 15 conditionally agreed to the placement to Australian-incorporated Pramana Capital Pty Ltd. Lifebrabdz was to issue 167 million new shares for S$501,000, or 0.3 Singapore cent per share, representing a premium of 20 per cent to the Catalist-listed stock' s average price of 0.25 cents on Nov 15. |
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ronleech
Elite |
21-Feb-2017 09:36
Yells: "Believe in yourself. Ride with the waves......" |
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cummed....lol |
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steven1976
Senior |
21-Feb-2017 09:34
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coming? |
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HAITUNI
Member |
20-Feb-2017 19:13
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looks quiet.. |
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ktak888
Member |
18-Feb-2017 00:32
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Let see if you are right
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Wind22i
Supreme |
17-Feb-2017 23:57
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0.002 can get soon at rights price | ||||
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HAITUNI
Member |
17-Feb-2017 20:15
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who still vested? |
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ktak888
Member |
17-Feb-2017 20:00
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One of the substantial shareholder selling off maybe as he clear his share below 5 percent yesterday
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steven1976
Senior |
17-Feb-2017 15:43
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Strange. Today got a big volume selling at 0.004 |
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ktak888
Member |
15-Feb-2017 23:49
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There is also another way to look at it. Probably , the banker have an Ace up in his sleeves.He put out a share consolidation , knowing that many smaller players will give up and sell off before the consolidation. The BB will accumulated the shares and release the good news probably after the share consolidation.
His gain would probably from the the warrant shares rather than the direct shares. That is why i see that 2 subscribe share with free (carrot) 2 warrant shares per 1 share own
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MichaelSchenker
Master |
15-Feb-2017 22:41
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My gut-feel below 10 cents (below 0.002 pre-consolidation) This counter has been trading at 0.002/0.003 for quite a while. (Go, check the NAV for a better feel) But I feel for you, you are holding quite a fair bit. If there' s opportunity, you should grab it, and be quick about it.    
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ktak888
Member |
15-Feb-2017 22:18
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I would calculate after consolidation, price would saturated around 10 cents to 15 cents
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MichaelSchenker
Master |
15-Feb-2017 22:18
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Yes, if that' s the case, it only make good sense to subscribe.....or you have the option to subscribe partial and sell the remaining Rights in the market. My focus is post-consolidation and Ex-Rights.  
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MichaelSchenker
Master |
15-Feb-2017 22:08
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In a way, current holders are " forced to" subscribe. Apologies for the confusion in my earlier post, as I was actually referring to non-holders, like myself buying from the current market to be entitled to the Rights. I would prefer to buy after the price adjustment xRights. Because I was expecting the price to drop substantially after ex.  Then again, it' s just my presumption. |
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ktak888
Member |
15-Feb-2017 21:45
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Assuming I hold 50 mil shares
After consolidation, I would hold about 1mil share. Assuming consolidation price is about 0.005 before conversion. After conversion, the consolidated price should be around 0.15 inclusing subscribe shares, that what i think
If I dont subscribe I probably at the losing end.
If I do, I probably need to take 2 mil additional subscribe share at 0.025 per piece plus 1 mil warrant(free) price at 0.05cts per piece
So my risk will be additional SGD50k for 2 mil plus 1 mil warrant. Am I right
Thinking, pondering, wondering
I have already presume to lost my present share money, so now is to take 50k and bet on eddie
Lol
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mepkoh
Elite |
15-Feb-2017 21:31
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consolidation...50 into 1.. current price .6 cts x50= 30 cts... after consolidation..50 into 1 ie 1 share =30 cts.. rights issue 2.5cts rights x2 for every share with 2 warrants??.. thatsv why die die must subscribe..... please correct if the above rights issues calculations..are incorrect
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MichaelSchenker
Master |
15-Feb-2017 21:00
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Sorry to say, I suspect the price will drop below 0.002 (current equivalent) after Rights issue and consolidation. Why? Value of shares will be diluted once all subscribed Rights are converted to normal shares, meaning to say more Lifebrandz shares flooding the market. The 0.006/0.007 price we saw recently was just a " push-up" dressing to make the Rights issue look attractive. You have been holding this stock for some years now, and I would suggest you don' t do anything now. If I were you, I' ll just hold on, once consolidated and if the price dip further (below 0.002), just add somemore. Personally, I believe Eddie Chng will    turn the company around. And if it happens, your shares will fly. Of course, not to expect it to happen overnight.  
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