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OKH resume trading Post Reply Rate topic
samlai Member	05-Apr-2016 22:00        samlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	What if the borrowed money was to buy back shares and push the price up? :x BBbull      ( Date: 05-Apr-2016 21:57) Posted: Haha why think so much... just short at the start la! Cfm make money skbeng      ( Date: 05-Apr-2016 21:51) Posted: If the placement goes thru, he probably own less then 20%. Cannot find any information on that. Any maths expert? Assuming also, his pledge shares are not dump by the banks again tomorrow because of the price drop.
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BBbull Senior	05-Apr-2016 21:57        BBbull About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha why think so much... just short at the start la! Cfm make money skbeng      ( Date: 05-Apr-2016 21:51) Posted: If the placement goes thru, he probably own less then 20%. Cannot find any information on that. Any maths expert? Assuming also, his pledge shares are not dump by the banks again tomorrow because of the price drop.   samlai      ( Date: 05-Apr-2016 21:46) Posted: Not likely... don' t forget he still owns a major share of the company.
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samlai Member	05-Apr-2016 21:53        samlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hard to imagine... unless he has been secretly selling away his shares. That' s his main asset, I cannot imagine how much poorer he will get trying to do that. skbeng      ( Date: 05-Apr-2016 21:51) Posted: If the placement goes thru, he probably own less then 20%. Cannot find any information on that. Any maths expert? Assuming also, his pledge shares are not dump by the banks again tomorrow because of the price drop.   samlai      ( Date: 05-Apr-2016 21:46) Posted: Not likely... don' t forget he still owns a major share of the company.
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skbeng Member	05-Apr-2016 21:51        skbeng About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the placement goes thru, he probably own less then 20%. Cannot find any information on that. Any maths expert? Assuming also, his pledge shares are not dump by the banks again tomorrow because of the price drop.   samlai      ( Date: 05-Apr-2016 21:46) Posted: Not likely... don' t forget he still owns a major share of the company. skbeng      ( Date: 05-Apr-2016 21:45) Posted: Feels like someone borrowing from loanshark to repay another loanshark. Never ending. Got the feeling the CEO, probably thinking how to wash hand off this company. There is no clause in agreement that he cannot resign his post.
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edwinjup Supreme	05-Apr-2016 21:48        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	can sgx reject..??...
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samlai Member	05-Apr-2016 21:46        samlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not likely... don' t forget he still owns a major share of the company. skbeng      ( Date: 05-Apr-2016 21:45) Posted: Feels like someone borrowing from loanshark to repay another loanshark. Never ending. Got the feeling the CEO, probably thinking how to wash hand off this company. There is no clause in agreement that he cannot resign his post. cccx123      ( Date: 05-Apr-2016 21:36) Posted: In the end, OKH gonna pay the interest of the 10 million loan with the placement monies. So Haiyi got some of that 500 million shares for free. Seriously... Pretty sure the banks will offer corporate loans at far better rates than the one Haiyi is demanding... And why the hell does okh need so much money anyway... 60 million?
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skbeng Member	05-Apr-2016 21:45        skbeng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Feels like someone borrowing from loanshark to repay another loanshark. Never ending. Got the feeling the CEO, probably thinking how to wash hand off this company. There is no clause in agreement that he cannot resign his post. cccx123      ( Date: 05-Apr-2016 21:36) Posted: In the end, OKH gonna pay the interest of the 10 million loan with the placement monies. So Haiyi got some of that 500 million shares for free. Seriously... Pretty sure the banks will offer corporate loans at far better rates than the one Haiyi is demanding... And why the hell does okh need so much money anyway... 60 million?
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cccx123 Elite	05-Apr-2016 21:36        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the end, OKH gonna pay the interest of the 10 million loan with the placement monies. So Haiyi got some of that 500 million shares for free. Seriously... Pretty sure the banks will offer corporate loans at far better rates than the one Haiyi is demanding... And why the hell does okh need so much money anyway... 60 million?
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edriclian94 Veteran	05-Apr-2016 21:31        edriclian94 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ahh I see, guess I didn' t read carefully for that part. Despite the poor sentiments, I guess I would just short around 50,000 shares tmr and see how far it can go tmr haha
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edwinjup Supreme	05-Apr-2016 21:30        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	pay 24% .....siao.... skbeng      ( Date: 05-Apr-2016 21:27) Posted: Borrowing $10M for 1.5% first 3 month and 2% after that. It' s like borrowing money at credit card rate! How to go up the share price if it is having this kind of financial expenses. edriclian94      ( Date: 05-Apr-2016 21:22) Posted: On a side note, since OKH received funding from Singhaiyi, wouldn' t that mean there could be an opportunity for the stock price to run up instead?
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skbeng Member	05-Apr-2016 21:29        skbeng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just to clarfy, it' s 1.5% per month (first 3 month) and 2% per month after that for the $10m loan.
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skbeng Member	05-Apr-2016 21:27        skbeng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Borrowing $10M for 1.5% first 3 month and 2% after that. It' s like borrowing money at credit card rate! How to go up the share price if it is having this kind of financial expenses. edriclian94      ( Date: 05-Apr-2016 21:22) Posted: On a side note, since OKH received funding from Singhaiyi, wouldn' t that mean there could be an opportunity for the stock price to run up instead?
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edriclian94 Veteran	05-Apr-2016 21:22        edriclian94 About Contact  Quote this Post!
x 0   x 0  Alert Admin	On a side note, since OKH received funding from Singhaiyi, wouldn' t that mean there could be an opportunity for the stock price to run up instead?
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sheerluck Supreme	05-Apr-2016 21:16        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Current NAV of 18.7cts will be diluted to 14.8cts.  Property counter typically trade at 70% NAV so expected trade price should drop from 13cts to 10.4cts. Company will get $50mil from placement + $10 mil from loan.  The annoucement did said how the $50mil will be used but never say about that $10mil. Don' t understand the capital reduction bit. Seeking wavier for GO from SGM. Haiyi should end up as biggest shareholder.
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BBbull Senior	05-Apr-2016 21:14        BBbull About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.theedgemarkets.com/sg/article/okh-enters-share-subscription-and-loan-deal-singhaiyi
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edriclian94 Veteran	05-Apr-2016 20:45        edriclian94 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha just dont be the last one to hold the baby clickshop1628      ( Date: 05-Apr-2016 20:37) Posted: Nav will be adjusted but not simply by division. Company will get cash from Gordon. More shorts better, squeeze will be fiercer.. Lol edriclian94      ( Date: 05-Apr-2016 20:31) Posted: 40 over % at 0.10, and the current 50 over percent at 0.124 as of now. Does it mean NAV is 11 cents or so? Correct me if I' m wrong guys. Of course market sentiment tmr may push the price even further down, but I hope everyone would pay attention to any sudden rebound which may be dangerous to shortists
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clickshop1628 Master	05-Apr-2016 20:37        clickshop1628 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nav will be adjusted but not simply by division. Company will get cash from Gordon. More shorts better, squeeze will be fiercer.. Lol edriclian94      ( Date: 05-Apr-2016 20:31) Posted: 40 over % at 0.10, and the current 50 over percent at 0.124 as of now. Does it mean NAV is 11 cents or so? Correct me if I' m wrong guys. Of course market sentiment tmr may push the price even further down, but I hope everyone would pay attention to any sudden rebound which may be dangerous to shortists
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edriclian94 Veteran	05-Apr-2016 20:34        edriclian94 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha alright then, I shall join in the fun for a short while then
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BBbull Senior	05-Apr-2016 20:32        BBbull About Contact  Quote this Post!
x 0   x 0  Alert Admin	Likely below 10c tmr. Join the shortists for a day to make money! edriclian94      ( Date: 05-Apr-2016 20:31) Posted: 40 over % at 0.10, and the current 50 over percent at 0.124 as of now. Does it mean NAV is 11 cents or so? Correct me if I' m wrong guys. Of course market sentiment tmr may push the price even further down, but I hope everyone would pay attention to any sudden rebound which may be dangerous to shortists
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edriclian94 Veteran	05-Apr-2016 20:31        edriclian94 About Contact  Quote this Post!
x 0   x 0  Alert Admin	40 over % at 0.10, and the current 50 over percent at 0.124 as of now. Does it mean NAV is 11 cents or so? Correct me if I' m wrong guys. Of course market sentiment tmr may push the price even further down, but I hope everyone would pay attention to any sudden rebound which may be dangerous to shortists
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