| Latest Forum Topics / Reenova Investment |
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ISR resume trading on March 6
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HappyInvestor22
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25-Apr-2017 12:22
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Waiting for what's unfolding. :)) 28 Apr is a wonderful date. | ||||
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SoHigh
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24-Apr-2017 21:17
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Thanks boss
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HappyInvestor22
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24-Apr-2017 20:48
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Thanks! :D
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ticktock
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24-Apr-2017 19:04
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Hope ppl who are vested cover their investment and make profit.
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SoHigh
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24-Apr-2017 18:23
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Did u load? I am loaded a few rounds
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HappyInvestor22
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24-Apr-2017 17:49
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Haha. Have fun at work (: 
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Zindarion
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24-Apr-2017 17:47
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I have not CL yet
And not planning to CL too Will look at it probably 2-3 weeks later.
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Zindarion
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24-Apr-2017 17:44
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Me too
Loaded Up.... Busy today with work, seems ISR still sleeping mode. Ok be back in Mid May. Going for holiday... enjoy the gossip
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HappyInvestor22
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24-Apr-2017 17:39
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Yeah, I' m loaded and in. ^^
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ticktock
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24-Apr-2017 17:34
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Did you load up any?...:)...if you load and it went up would be happy to see someone who made profit from this counter...so far only see cut loss here..cut loss there.
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HappyInvestor22
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24-Apr-2017 17:03
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Wait and see. Since last Friday' s off-market transaction of 20m shares (married deal), something must be up on their sleeves. Insiders know it. 
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cheng987
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24-Apr-2017 16:59
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I think no good news ,otherwise lots of people already buy. |
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HappyInvestor22
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24-Apr-2017 16:51
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Wait for this evening announcements. Something might have happened.
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cheng987
Veteran |
24-Apr-2017 16:41
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What  happen to this ISR no movement from morning until now ? |
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Wind22i
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24-Apr-2017 13:24
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ISR Capital substantial shareholder Abdul Wahid sells again via married deal By: Chan Chao Peh 22/04/17, 07:35 am SINGAPORE (April 22): Abdul Wahid bin Abdul Ghani, former chairman of ISR Capital, has sold yet another tranche of shares in the company. However, unlike other recent disposals via the open market, the latest 20 million shares offloaded by him was via a married deal to a party which the company did not name. Advertisement Wahid sold the shares on Wednesday at 0.6 cent each, earning him gross proceeds of $120,000. With this sale, he is left with 216 million shares, or 9.33% of the company, stated the company in a Friday filing to the stock exchange. In a separate announcement on the same day, ISR Capital notes that its share base will expand by another 225 million shares to more than 2.3 billion share with effect on Thursday. The new shares will be listed and quoted for trading starting on Monday, April 24. The new shares came about via the conversion of an on-going redeemable convertible bond programme subscribed by Value Capital Asset Management worth up to $35 million. As agreed under terms of the subscription agreement, VCAM has been converting the bonds into shares at 0.4 cent, or 250 million new shares for each $1 million. Late last year, prosecutors have alleged that ISR shares have been manipulated by the October 2013 penny stock saga mastermind John Soh Chee Wen. Last year, the company's shares surged by some 4,000% following a planned acquisition of a 60% stake in a rare earth concession in Madagascar. The company plans to pay for the acquisition by issuing new shares at 10 cents each. To lend credibility to this acquisition, ISR has commissioned two valuation reports each stating that the concession is worth more than US$1 billion. However, SGX had cast doubts on the reports. Following Soh's arrest on November 24, ISR shares have given back basically all the gains. Executive chairman Chen Tong, who took on this job last November, has stated in the company's annual report that he is trying to push ahead with the rare earth concession, including, among other actions, looking for a third valuer. "The Company remains deeply committed to completing the acquisition, the injection of the Madagascar concession into ISR Capital, and thereafter extracting rare earths in a responsible manner which will generate returns for our shareholders," states Chen in the company's 2016 annual report. ISR will hold its AGM on April 28. Year to date, its share price has dropped by nearly 95%. It closed on Friday at 0.7 cent, up 0.1 cent. |
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HappyInvestor22
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21-Apr-2017 21:33
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Precisely. :) huat ah~
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Zindarion
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21-Apr-2017 20:53
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Exciting Monday... 225M shares coming
Woohooo |
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HappyInvestor22
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21-Apr-2017 19:14
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Let's see if anyone buy the those shares on Monday! :)) haha
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dyingcat
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21-Apr-2017 18:32
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When I entered ISR in Mar, I didn' t go and read the old news and hence didn' t notice it had RCBs. Realized too late and now can only hope for miracle by Chen Tong. Luckily cut half at 0.007 today. Next Monday, 225m shares from VC will flood the market.
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ticktock
Master |
21-Apr-2017 18:23
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Close to half a billion more conversion shares is what they have up their sleeves, now another SSH signalling that he is selling similar to previous SSH and there are 200million shares to offload.
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