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moneycow Elite	06-Feb-2015 15:51        moneycow About Contact  Quote this Post!
x 0   x 0  Alert Admin	The real danger about such seafood................it gets diseases anytime and died. Thats what happened...........or strange new marine gems attack............ millions of baby abalone died............... Thats what happened............before that many were buying at high , hold and hope.........till the germs and virus killed their abalone by the millions......... Gone case - from 40cents   all the way down to below 1 cent.only recently at stayed there.......now 1.1 cents.......... sometimes when you use logic it looks like its going to make it.............but in reality its not that smooth and simple. Thats what the CEOP lerant the hard way........and all those came on board when they are above 35 cents........dying like the abalone........or half breathing.phobia already........  OXDEVIL      ( Date: 05-Feb-2015 16:48) Posted: Last financial report showed their total stock in hand =SGD$6mio. Assume that they could sell out ALL these stock in hand at a MAGICAL MARK UP of 100% ( 70% of the chinese farms are closing due to big losses due to over supply , just for comparison). They could generate a sales of SGD$12Mio for next 12 months. EVEN at this 100% magical mark up for 100% of their  inventory clear out during a difficult market condition for Chinese abalones industry, their next 12 months of operational expenses + interests expenses + depreciation expenses will still mean a NET LOSS of at least   $1.7MILLIONS per MONTH. They announced to start buy and sell canned chinese abalones. Didn' t Oceanus have their own canned abalones factory before and they were selling their own canned chinese abalones before  without any apparent success  before... now they wanted to resteam the overnight leftover for today' s  breakfast ? The canned chinese abalone market, if you talk to anyone in the trade, is overly saturated with too many sellers - a dog eats dog market : definitely not a  significant  profit contributor to Oceanus anytime soon ( surely not a whiteknight saviour for Oceanus at this stage). Love to have this FATSALARY job for just using magic mouths to announce BOLD NEW( rather recooked ) PLAN to magically boost the market cap by $millions hoping that the rest of the sheeps will blindly follow with more cash for them to " test" their BOLD NEW PLANs or rather to support the HIGHLY PAID ( rather OVERPAID TOPHEAVY management team who had all demonstrated their PROFITABLE SKILLS in the past so many years ! )
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OXDEVIL Member	05-Feb-2015 16:48        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Last financial report showed their total stock in hand =SGD$6mio. Assume that they could sell out ALL these stock in hand at a MAGICAL MARK UP of 100% ( 70% of the chinese farms are closing due to big losses due to over supply , just for comparison). They could generate a sales of SGD$12Mio for next 12 months. EVEN at this 100% magical mark up for 100% of their  inventory clear out during a difficult market condition for Chinese abalones industry, their next 12 months of operational expenses + interests expenses + depreciation expenses will still mean a NET LOSS of at least   $1.7MILLIONS per MONTH. They announced to start buy and sell canned chinese abalones. Didn' t Oceanus have their own canned abalones factory before and they were selling their own canned chinese abalones before  without any apparent success  before... now they wanted to resteam the overnight leftover for today' s  breakfast ? The canned chinese abalone market, if you talk to anyone in the trade, is overly saturated with too many sellers - a dog eats dog market : definitely not a  significant  profit contributor to Oceanus anytime soon ( surely not a whiteknight saviour for Oceanus at this stage). Love to have this FATSALARY job for just using magic mouths to announce BOLD NEW( rather recooked ) PLAN to magically boost the market cap by $millions hoping that the rest of the sheeps will blindly follow with more cash for them to " test" their BOLD NEW PLANs or rather to support the HIGHLY PAID ( rather OVERPAID TOPHEAVY management team who had all demonstrated their PROFITABLE SKILLS in the past so many years ! )
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ysh2006 Supreme	05-Feb-2015 12:22        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those were the soups change but medicine unchange so still the same albolone... GuavaXF30      ( Date: 05-Feb-2015 11:38) Posted: Is was their former CEO who stepped down this year past but is still the majority shareholder. The dragons and phoenixes were actually gecko' s and chickens in disguise. Again, for those who are thinking of investing, I urge you to read their last financial statement. Check out their debts and when they are due versus their cash on hand. albeniz      ( Date: 05-Feb-2015 11:28) Posted: Few years back, CNA interviewed the chief of this company - a Doctor something.   The prospects looked promising with dragons and pheonixes. Then, it just spiraled down like nobody' s business.
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GuavaXF30 Elite	05-Feb-2015 11:38        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is was their former CEO who stepped down this year past but is still the majority shareholder. The dragons and phoenixes were actually gecko' s and chickens in disguise. Again, for those who are thinking of investing, I urge you to read their last financial statement. Check out their debts and when they are due versus their cash on hand. albeniz      ( Date: 05-Feb-2015 11:28) Posted: Few years back, CNA interviewed the chief of this company - a Doctor something.   The prospects looked promising with dragons and pheonixes. Then, it just spiraled down like nobody' s business.
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albeniz Veteran	05-Feb-2015 11:28        albeniz About Contact  Quote this Post!
x 0   x 0  Alert Admin	Few years back, CNA interviewed the chief of this company - a Doctor something.   The prospects looked promising with dragons and pheonixes. Then, it just spiraled down like nobody' s business.
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GuavaXF30 Elite	05-Feb-2015 10:59        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	And then another (or same) guy spend $12/- to create impression there is interest. Hahaha. What a con counter. OXDEVIL      ( Date: 05-Feb-2015 10:24) Posted: Just saw  someone spent $240 to buy 20lots in  an  attempt to  " support"   the price at 0.012.  And the MARKET CAP magically went up by a few $millions - you have to love this MAGIC SHOW of STOCK MARKET - better than SENTOSA OR MBS.
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OXDEVIL Member	05-Feb-2015 10:24        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Just saw  someone spent $240 to buy 20lots in  an  attempt to  " support"   the price at 0.012.  And the MARKET CAP magically went up by a few $millions - you have to love this MAGIC SHOW of STOCK MARKET - better than SENTOSA OR MBS.
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GuavaXF30 Elite	03-Feb-2015 11:55        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Champion one day wonder. Totally no interest in this counter now.
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OXDEVIL Member	29-Jan-2015 17:42        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	This counter is alive only to serve the GAMING INTERESTS of BB to play magic against the meek and the gullible small investors. The HAT is empty and there is NO RABBIT ( they had killed all those billion rabbits years ago ) inside the empty hats... the fact that these BB Magicians relentlessly playing with the ice-cold corpse in their pursuit to suck the final drops of blood..... GIVE THE SMALL INVESTORS a BREAK, unlike the BB who have $$$$$$$ to fool around, the smaller investors are losing their life-saving to these MAGICIANS. THERE IS NO RABBIT from EMPTY HAT regardless of how many MEDIA GURUs they hired to camouflage the reality... and regardless of how many magicians they put on stage,... JUST ILLUSIONS .. however some poor chaps will be parting with their life saving due to these elaborately orchestrated MAGIC SHOWS. Taking away their financial advantage ( they once had ), these cowboys cannot compete with the local Chinese Indians who could dance circles around Oceanus' s TOPHEAVY COST-INEFFECTIVE operations. Furthermore Oceanus as listed company could not possibly engage in the illegal TAX REBATE SCHEME that some of her local competitors are doing - meaning there is NO LIGHT at the end of the tunnel. THE ONLY VIABLE OPTION is RTO to restart afresh with REAL BUSINESS MODEL involving REAL SALES and REAL INDIANS and REAL PROFITS ( not magical paper profits of the yesteryears ).... For the next foreseeable 12 months, OCEANUS gross sales would be at most 30% of their EXPENSES !
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rogeryap Member	29-Jan-2015 17:23        rogeryap About Contact  Quote this Post!
x 0   x 0  Alert Admin	Price down u slam, price up u also slam. If u dun like this stock y keep coming to this thread??? Dun understand.. OXDEVIL      ( Date: 29-Jan-2015 13:23) Posted: No wonder these financial cowboys never run out of silver bullets to shoot without any need to aim. Just annouce a BOLD PLAN sitting from air-conditioned high-rent tower office = MAGIC WAND brings instant MKT CAP up by 20% ! After so many years of the same SHIT MAGIC, still SHEEPS out there to fall for this RABBITS OUT OF THE EMPTY HAT TRICK !
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OXDEVIL Member	29-Jan-2015 13:23        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	No wonder these financial cowboys never run out of silver bullets to shoot without any need to aim. Just annouce a BOLD PLAN sitting from air-conditioned high-rent tower office = MAGIC WAND brings instant MKT CAP up by 20% ! After so many years of the same SHIT MAGIC, still SHEEPS out there to fall for this RABBITS OUT OF THE EMPTY HAT TRICK !
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OXDEVIL Member	29-Jan-2015 13:19        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Magic Show starts again !
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oldflyingfox Master	29-Jan-2015 08:57        oldflyingfox About Contact  Quote this Post!
x 0   x 0  Alert Admin	There are buying queuing to buy at $0.012 (20% higher than last clsoed) at pre-opening now. Market see this as good news. Think the new CEO is bold to action.
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RoundRound Elite	29-Jan-2015 07:49        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	Sorry, my below posting is actually to quote on moneycow's posting done at 2.02am....but it's okay lah RoundRound      ( Date: 29-Jan-2015 07:40) Posted: You are absolutely right. It was once a high-flyer counter well over 50c when S-chips were in the hip. And still remember even China Fishery was around $1.70/share. After a few rounds of asking for money from shareholders (easy money to milk) for spending on don't know what, the share price keep on sliding. Shareholders a.k.a. Investors should be wiser but most importantly, the Guardian of the gate, SGX should be more stringent and selective in ensuring only better companies to list here or else a lot of Mickey Mouse companies come here to rob people's money and people stupidly gave and gave till nothing left. Btw, I'm not vested in either Oceanus or China Fishery OXDEVIL      ( Date: 29-Jan-2015 02:18) Posted: Whatever the NEEEW BUSINESS MODEL, THIS TOP HEAVY MANAGEMENT ( MANY CHIEFS FEW INDIANS - CHIEFS that get paid MANY TIMES HIGHER than their competing Chinese farms ) SIMPLY CANNOT GET THE MAGIC REVENUE ENOUGH TO COVER FOR THE $MILLIONS EXPENSES PER MONTH !   CASH BURN/BLEED RATE IS SCARY ! WONDER WHY SGX KEEPS THIS COUNTER ALIVE ?
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RoundRound Elite	29-Jan-2015 07:40        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	You are absolutely right. It was once a high-flyer counter well over 50c when S-chips were in the hip. And still remember even China Fishery was around $1.70/share. After a few rounds of asking for money from shareholders (easy money to milk) for spending on don't know what, the share price keep on sliding. Shareholders a.k.a. Investors should be wiser but most importantly, the Guardian of the gate, SGX should be more stringent and selective in ensuring only better companies to list here or else a lot of Mickey Mouse companies come here to rob people's money and people stupidly gave and gave till nothing left. Btw, I'm not vested in either Oceanus or China Fishery OXDEVIL      ( Date: 29-Jan-2015 02:18) Posted: Whatever the NEEEW BUSINESS MODEL, THIS TOP HEAVY MANAGEMENT ( MANY CHIEFS FEW INDIANS - CHIEFS that get paid MANY TIMES HIGHER than their competing Chinese farms ) SIMPLY CANNOT GET THE MAGIC REVENUE ENOUGH TO COVER FOR THE $MILLIONS EXPENSES PER MONTH !   CASH BURN/BLEED RATE IS SCARY ! WONDER WHY SGX KEEPS THIS COUNTER ALIVE ?
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OXDEVIL Member	29-Jan-2015 02:18        OXDEVIL About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Whatever the NEEEW BUSINESS MODEL, THIS TOP HEAVY MANAGEMENT ( MANY CHIEFS FEW INDIANS - CHIEFS that get paid MANY TIMES HIGHER than their competing Chinese farms ) SIMPLY CANNOT GET THE MAGIC REVENUE ENOUGH TO COVER FOR THE $MILLIONS EXPENSES PER MONTH !   CASH BURN/BLEED RATE IS SCARY ! WONDER WHY SGX KEEPS THIS COUNTER ALIVE ?
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moneycow Elite	29-Jan-2015 02:02        moneycow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Go up to 48 cents at one point than plunge seriously to just 1 cent today ? :(   The worst performer.   At one stage they make money never give divident, I remember the then CEO say, waity a little while more, we will give dvidents...........   It never happen and the capital all drain   in longkang..........
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deschua Member	29-Jan-2015 00:34        deschua About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think they will be asking for money again, soon.
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dingbat Veteran	28-Jan-2015 23:00        dingbat About Contact  Quote this Post!
x 0   x 0  Alert Admin	I hope Japanese abalone they are producing  means the genus of abalone and not shellfish bred in radioactive Japanese seas. From ST SINGAPORE - Abalone producer Oceanus Group announced on Wednesday several changes to its current business model, with bold measures to cut cost and improve revenue. This comes after management changes made in December last year. A major cost-saving measure will see Oceanus revamping its entire business model. This will allow the company to work with the sea farmers by supplying abalone spawns, instead of competing with them in the same space. Oceanus plans to purchase full-grown abalones from these sea farmers for redistribution, which mitigates the high risks the company faces due to natural abalone deaths.
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GuavaXF30 Elite	28-Jan-2015 22:16        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry. I am completely jaded by this counter. This act does not address how they are going to repay all the loans and liabilities that are maturing this year. oldflyingfox      ( Date: 28-Jan-2015 21:23) Posted: Sound good news.... and they can cut cost by 50% in 2 months time. WinBigLoseSmall      ( Date: 28-Jan-2015 18:09) Posted: New CEO outline new business model to cut cost, improve revenue http://infopub.sgx.com/FileOpen/Press%20Release_Oceanus%20Group%20Ltd.ashx?App=Announcement& FileID=332993
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