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ISR resume trading on March 6 Post Reply Rate topic
tec96157 Senior	02-Apr-2018 13:58        tec96157 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will BB come to this counter?
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tec96157 Senior	28-Mar-2018 16:38        tec96157 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I hope there are some news about this counter.... make it move up...
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KeyMaster Member	28-Mar-2018 14:17        KeyMaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any news?
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zillion Master	14-Mar-2018 11:10        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	agree with you on some points. buy property need huge sums and who has $m to buy? which bank will finance the purchase? after buying can you flip fast? try Iskandar in Johore? etfs and currencies-eg thousands of gold etfs all not tied to the actual gold reserves where to buy how much is the fee, can flip easily and make $$$, currencies you need to go tru a broker who can job you need margin to play. resource/mining stocks are highly speculative and only fly to the moon upon discovering. with stocks once wrong can get out easily. you cant do that with property. Thi654321ABCDEF      ( Date: 13-Mar-2018 16:23) Posted: DONOT BUY STOCKS , WE DONOT KNOW WHICH STOCK ARE GOOD AND WHICH STOCK ARE BAD . SGX ALSO DONOT KNOW. ONLY MANAGEMENT KNOW , THEY KNOW ALSO THEY WILL NOT INFORM YOU. SO FINALLY WE THE LOSSERS . SO BUY PROPERTY OR ETFS OR CURRENCIES. THEY CANNOT CHEAT.
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Thi654321ABCDEF Master	13-Mar-2018 16:23        Thi654321ABCDEF About Contact  Quote this Post!
x 0   x 0  Alert Admin	DONOT BUY STOCKS , WE DONOT KNOW WHICH STOCK ARE GOOD AND WHICH STOCK ARE BAD . SGX ALSO DONOT KNOW. ONLY MANAGEMENT KNOW , THEY KNOW ALSO THEY WILL NOT INFORM YOU. SO FINALLY WE THE LOSSERS . SO BUY PROPERTY OR ETFS OR CURRENCIES. THEY CANNOT CHEAT.
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Poohbull Master	13-Mar-2018 15:27        Poohbull About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.petitions24.com/signatures/singapore_investor_left_unprotected_from_untruthful__fraudulent_listed_company/ zillion      ( Date: 13-Mar-2018 13:14) Posted: I was going tru the top shareholders and found a family office fund no longer has such holdings. I deduced CT took over their shares. Recent announcements telling us things are not going well at all and likely a scam-keep hoping and hoping with moving dates for the Long Stop. CT and all of us kenna scam. azzazazza      ( Date: 18-Feb-2018 21:28) Posted: I have been following this stock for sometime, I bought it at higher levels . I am really hoping for a massive bounce in this stock, an insightful article about recent activites has somewhat given hope to  future success of the company https://www.theedgesingapore.com/isr-chairman-chen-tong-raises-stake-more-10  After reading the article keen to see if you see if you fellow investors shares some optimism in ISR. It seems that 28th Feburary is crucial date for aquistion purposes
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zillion Master	13-Mar-2018 13:14        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	I was going tru the top shareholders and found a family office fund no longer has such holdings. I deduced CT took over their shares. Recent announcements telling us things are not going well at all and likely a scam-keep hoping and hoping with moving dates for the Long Stop. CT and all of us kenna scam. azzazazza      ( Date: 18-Feb-2018 21:28) Posted: I have been following this stock for sometime, I bought it at higher levels . I am really hoping for a massive bounce in this stock, an insightful article about recent activites has somewhat given hope to  future success of the company https://www.theedgesingapore.com/isr-chairman-chen-tong-raises-stake-more-10  After reading the article keen to see if you see if you fellow investors shares some optimism in ISR. It seems that 28th Feburary is crucial date for aquistion purposes
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azzazazza Member	18-Feb-2018 21:28        azzazazza About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have been following this stock for sometime, I bought it at higher levels . I am really hoping for a massive bounce in this stock, an insightful article about recent activites has somewhat given hope to  future success of the company https://www.theedgesingapore.com/isr-chairman-chen-tong-raises-stake-more-10  After reading the article keen to see if you see if you fellow investors shares some optimism in ISR. It seems that 28th Feburary is crucial date for aquistion purposes
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zillion Master	14-Feb-2018 14:24        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	it appears that vc prefers to convert. no banks will offered any financing so 2% in the early stage looks ah long now on reflection in a rising interest rate senario it is a steal! grateful      ( Date: 14-Feb-2018 11:08) Posted: It is an convertible option and not a debt. So it will not appear in balance sheet. When the company or vc exercise option to convert, then there is dilution. The interest of 2% is a lot lower than the credit facility or MTN programmes offered by banks.  Carney      ( Date: 02-Feb-2018 17:28) Posted: I don' t think this is the case. That debt doesn' t exist on the ISR balance sheet and there is no corresponmding interest expense on the profit and loss statement. Having read the prospectus my understanding is that once the programme ends without bonds haveing been issued and exercised they then disapper. Here are the FY 2016 results, again take a look and let me know your thoughts:  http://www.isrcap.com/attachment/2017030119222356672106.pdf
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grateful Senior	14-Feb-2018 11:08        grateful About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is an convertible option and not a debt. So it will not appear in balance sheet. When the company or vc exercise option to convert, then there is dilution. The interest of 2% is a lot lower than the credit facility or MTN programmes offered by banks.  Carney      ( Date: 02-Feb-2018 17:28) Posted: I don' t think this is the case. That debt doesn' t exist on the ISR balance sheet and there is no corresponmding interest expense on the profit and loss statement. Having read the prospectus my understanding is that once the programme ends without bonds haveing been issued and exercised they then disapper. Here are the FY 2016 results, again take a look and let me know your thoughts:  http://www.isrcap.com/attachment/2017030119222356672106.pdf
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Carney Member	02-Feb-2018 22:17        Carney About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' m confused ... if the company had issued S$ 35,000,000 of convertible debt then this cash would be  on  balance sheet and have shown up in the accounts post 2014. This has never been the case. Is it not the case that VCAM issues CB' s in small chunks and then immediately converts them? The company cannot repay a debt that was never issued.
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zillion Master	02-Feb-2018 21:45        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	back in the olden days they are off balance sheet items. you should see in the balance sheet an item convertible redeemable bonds of 47,168. No interest payment as the first 2 tranches became convertible increasing the number of shares.  Carney      ( Date: 02-Feb-2018 17:28) Posted: I don' t think this is the case. That debt doesn' t exist on the ISR balance sheet and there is no corresponmding interest expense on the profit and loss statement. Having read the prospectus my understanding is that once the programme ends without bonds haveing been issued and exercised they then disapper. Here are the FY 2016 results, again take a look and let me know your thoughts:  http://www.isrcap.com/attachment/2017030119222356672106.pdf
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Carney Member	02-Feb-2018 17:28        Carney About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don' t think this is the case. That debt doesn' t exist on the ISR balance sheet and there is no corresponmding interest expense on the profit and loss statement. Having read the prospectus my understanding is that once the programme ends without bonds haveing been issued and exercised they then disapper. Here are the FY 2016 results, again take a look and let me know your thoughts:  http://www.isrcap.com/attachment/2017030119222356672106.pdf
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zillion Master	02-Feb-2018 16:10        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Come maturity date in August this year the bonds which are not converted will be redeemed by the company at par (100%). Assuming Tranche 2 is fully converted there will a balance of S$25m (S$5m per tranche from T3 to T7) which I wonder how the company can get $$$ to redeem other than a rights issue/ private placement. Still at the back of out mind is the huge dilution of shares and its absorption by the market/big boys.  Carney      ( Date: 01-Feb-2018 15:50) Posted: Zillion, I looked at the prospectus for the convertible bond programme this afternoon after reading your post. Three things struck me 1. The subscriber, Value Capital, only has the option to exercise Tranches 1 & 2. After that it is the option of the company. Of the remaining Tranche only SGD 600,000 remains. Thereafter any issuance is entirely at the option of ISR. This option allows ISR to issue equity at 85% to 100% of the prevailing share price should they choose to do so. In effect the facility acts as a backstop liquidity facility that reflects the current shareprice.  2. It looks as if the programme last only three years from first issue date. I take this to mean 4 August, 2018 as it looks like the programme was first used on 4 August, 2015. 3. Shares cannot be iissued at a price lower than 0.003. If this is the case then the risk of future dilution is perhaps lower than we thought. You can take a look here:  http://www.isrcap.com/attachment/201508211935251787654799_en.pdf. Would be great to hear your comments,
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KeyMaster Member	02-Feb-2018 09:26        KeyMaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	everyday there is an annoucement. http://www.isrcap.com/html/media_sgx.php
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Carney Member	01-Feb-2018 15:50        Carney About Contact  Quote this Post!
x 0   x 0  Alert Admin	Zillion, I looked at the prospectus for the convertible bond programme this afternoon after reading your post. Three things struck me 1. The subscriber, Value Capital, only has the option to exercise Tranches 1 & 2. After that it is the option of the company. Of the remaining Tranche only SGD 600,000 remains. Thereafter any issuance is entirely at the option of ISR. This option allows ISR to issue equity at 85% to 100% of the prevailing share price should they choose to do so. In effect the facility acts as a backstop liquidity facility that reflects the current shareprice.  2. It looks as if the programme last only three years from first issue date. I take this to mean 4 August, 2018 as it looks like the programme was first used on 4 August, 2015. 3. Shares cannot be iissued at a price lower than 0.003. If this is the case then the risk of future dilution is perhaps lower than we thought. You can take a look here:  http://www.isrcap.com/attachment/201508211935251787654799_en.pdf. Would be great to hear your comments,
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zillion Master	01-Feb-2018 10:16        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	at the back of our mind is that huge uncoverted bonds from Tranch 3 to Tranche 7 each S$5m. furthermore, the CB is expiring this year with vcam charging at 2%. so how long will our neck be for the renewal of the permit and getting the pilot production permit esp it is under the WatchList now?
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dyingcat Veteran	31-Jan-2018 19:11        dyingcat About Contact  Quote this Post!
x 0   x 0  Alert Admin	I decided to queue at 0.004 instead, as VC continued rcb conversion and CT stopped buying. dyingcat      ( Date: 30-Jan-2018 20:59) Posted: No luck today. Didn't get. Think tmr should be able to. But may not be a good thing, as VC just converted 75m shares. grateful      ( Date: 30-Jan-2018 15:30) Posted: Re-entered?
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dyingcat Veteran	30-Jan-2018 20:59        dyingcat About Contact  Quote this Post!
x 0   x 0  Alert Admin	No luck today. Didn't get. Think tmr should be able to. But may not be a good thing, as VC just converted 75m shares. grateful      ( Date: 30-Jan-2018 15:30) Posted: Re-entered?  dyingcat      ( Date: 29-Jan-2018 12:35) Posted: I am out at 0.007 with small profit. Will re-enter if it drops back to 0.005.
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azzazazza Member	30-Jan-2018 20:30        azzazazza About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems to be some interesting movements in the market of recent, I wonder if this is a sign that the price could sky rocket to .30 to .40 levels that were experienced before. What are your guys thinking of this possibility especially since CT BOUGHT STOCK? I am really hoping for the price to sky rocket.
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