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Oceanus major business model restructure
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think2profit
Master |
27-Dec-2012 22:44
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Hi Choonmng, Have you informed SGX? It seems that the fund has converted 275 million shares representing about 11.8% since May 2012. Since there is no announcement that it has become a major shareholder, it could have sold quite a bit away [at least 160 million shares] during the period.
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think2profit
Master |
27-Dec-2012 22:35
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Hi Isolator, You might want to raise to the BOD/IDs of IPCO why they should continue to issue notes now that they could easily raise $50 million cash by selling non-core financial assets, Blumont & InnoPac. Blumont's shares were issued to IPCO to settle outstanding AR and should be sold immediately as price has already gone up by 10 folds since the date of issue. Btw, IPCO has the option not to proceed with further tranches according to its proposal dated Apr 17 2008 ------------------------------------------------------------------ [Extract from Notes Doc] Option of Company not to proceed with further tranches after Tranche 1 Notes notwithstanding anything to the contrary above, save for Tranche 1 Notes, the Company has the sole discretion not to proceed with the issue of subsequent tranches of the Notes by electing not to exercise the Option.
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think2profit
Master |
27-Dec-2012 12:41
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or, just sit and wait for notes to expire in 2013. | ||
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ballball
Elite |
27-Dec-2012 12:18
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Isolator wat are u thinkings? | ||
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Isolator
Supreme |
27-Dec-2012 12:15
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2013 will be see the shine!! Enjoy... | ||
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think2profit
Master |
27-Dec-2012 12:02
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btw, why should ipco continue to issue notes at all? Isn't it sitting on potential cash from shares it holds in two penny stocks, Blumont [165m shares?] and innoPac [200m shares]? Shouldn't it just sell them away since they are weak security and raise cash that it needs than issuing notes? Ipco's audit committee and independent directors should evaluate than leave to the BOD to continue issues note right??? | ||
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choonmng
Member |
27-Dec-2012 11:59
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It should be investigated... in case this allows any funds to short hey wire and profit huge without the risk of buy back since they can convert to shares and cover back,... | ||
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think2profit
Master |
27-Dec-2012 11:58
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It seems to me that Adv Opp Fund has been converting at 2 cts and selling off at 2.1cts. Isn't it ipco benefitting just the fund and sacrificing shareholders? I believe the notes should have clause to adjust the term and condition, or the way it prices the notes, and ipco mgt should be able to exercise it?? | ||
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choonmng
Member |
27-Dec-2012 11:36
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selling pressure depengs on CK and the people push... if these are scadie cats then got selling pressure if they got strong backup then all selling pressure just look like wind... suggest to look at other counters loh.. this fellow ai si bey si ... ai run bey run, btw it run... all other counters run like mad liao... i am going to go for other counters... later profit from others then channel a little to here to play play but not going to stuck with this lousy ck first. |
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think2profit
Master |
27-Dec-2012 11:32
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start to move up but faces selling pressure | ||
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rentay
Member |
26-Dec-2012 23:39
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Louis, I think Ms Quah will only buy the shares when her position is being threatened or replaced. Based on last annual report, she holding less than 4%. All other directors are also holding very little shares percentage. | ||
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louis_leecs
Elite |
26-Dec-2012 23:05
Yells: "half cash" |
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very hard to get0.02cts ,,,,,,,im q from buy dint get,,,,,,,,,,buy im still keep my 0.021cts,,,,,,,,,,,,,,,,,,imbelieve soon will be next target,,,,,,,,last time use to be trade 0.06cts -0.09cts,,,,,,,,,,,,,,,,,,so now still very cheap,,,,,,,,and wait ms quek come to buy |
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choonmng
Member |
26-Dec-2012 22:03
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coz they can then convert at low low price mah... it also means that now price has reached bottom liao and thus they quickly convert to cash to ride the stock price up | ||
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rentay
Member |
26-Dec-2012 21:51
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why the notes subscriber cannot one time converted all the notes to shares and needs so many times to convert in different dates? Now the share price seem to be stucked for so long, i kind of worry it might dropped next year. |
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Isolator
Supreme |
26-Dec-2012 10:30
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2013 will be a good year for ipco.... Only the fated one will benefit from it... |
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medivh
Elite |
26-Dec-2012 10:17
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Expect the unexpected! RED = green long = short crystal ball = sotong ball. enjoy... (" ,) (," ) |
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Isolator
Supreme |
20-Dec-2012 14:17
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Expect the Unexpected.... | ||
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Isolator
Supreme |
20-Dec-2012 10:43
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Enjoy... | ||
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ballball
Elite |
20-Dec-2012 10:03
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rentay
Member |
19-Dec-2012 23:55
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It will be best if there an entry of white knight or change of existing ipco management. | ||
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