| Latest Forum Topics / Artivision Tech |
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ARTIVISION TO SELL OFF ITS TECH LIKE ASTI ????
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TigTig
Master |
15-Nov-2017 20:23
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In the old days, Arti is one of my favourite punts.  Can make quite a bit just by holding a week or so.  Sometimes, can make even on contra, but nowadays I see the movement is very limited.    Though it' s still possible if you do opp what the market does.  When they dump, you eat, when they chiong, you let go.  | |||||||||||
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Berani
Elite |
15-Nov-2017 19:18
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today taste 0.02... once market hot.. it will ciong
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TigTig
Master |
15-Nov-2017 17:03
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Hehe punting only on this stock. Two weeks and made about $1k liao. Now zero holdings.
Sentiment is the king. Not reason.
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Msport
Elite |
15-Nov-2017 16:20
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buyers  |
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sbscap
Master |
14-Nov-2017 21:58
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Tig, I' m going to remind you of your 2.0, 1.9, 1.8, 1.7, 1.6, 1.5, 1.4, 1.3, 1.2, 1.1, 1.0, 0.9, 0.8 that you are going to buy from now till end of next year. Will not bother you again. | |||||||||||
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TigTig
Master |
14-Nov-2017 21:38
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Buy at 1.8 sell at 1.9 gonna move to buy at 1.9 sell at 2 soon, typical old Arti style never change.  Now added on Fintech as a tag along. Hehehe. | |||||||||||
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Msport
Elite |
13-Nov-2017 16:18
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0.019 who dare clear? | |||||||||||
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TigTig
Master |
11-Nov-2017 13:24
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Challenging who is more prosperous.  In the pic, at least Ching looks slimmer, but catching up.    I bought in at 1.8 cents, wait for price action next few weeks.  If sinks, collect more.    If goes to 2 cents, clear.  Punting strategy with Ching' s genius as backstop.
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TigTig
Master |
10-Nov-2017 15:49
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Sure look fat fat. Prosperous | |||||||||||
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Msport
Elite |
10-Nov-2017 13:33
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For all its life as a listed company, Artivision Technologies tried to make inroads with its proprietary video management and solutions technology. Didn' t happen.    It has the dubious distinction of delivering revenue averaging just S$4.5 million a year in its past 10 financial years.  And it has never had a profitable year. Instead, it burnt through a lot of cash which it raised not only at its IPO in 2008 but subsequently through rights issues, bond issues and share placements.  By 30 June 2017, its accumulated losses had come up to a staggering S$72.5 million. Time for change.  In early 2017, Artivision sought to divest its core business (Artimedia) but a potential acquirer decided against buying it. See:  ARTIVISION: Cash to exceed share price soon?   In August, Artimedia was finally sold to Artivision' s co-founder, executive director and chief technology officer, Dr  Ofer Miller. This week, Artivision said it  signed a conditional and non-binding Heads of Agreement to acquire a 100% stake in  Mobile Credit Payment (&ldquo MC Payment&rdquo ), including its  convertible bonds. This a reverse takeover attempt.  It' s spearheaded by Mr Ching Chiat Kwong, who first became a substantial shareholder of Artivision in 2012 and has since seen his initial and subsequent investments dwindle significantly in value.  (We think he missed our 2011 story:  ARTIVISION: Not a stock for the value investor) L-R: Johnny Ng, Director of MC Payment | Robson Lee, Partner of Gibson, Dunn & Crutcher LLP | Anthony Koh, Founder & CEO of MC Payment | Susan Choo, Financial Controller of Artivision Technologies | Ching Chiat Kwong, controlling shareholder of Artivision Technologies.  Photo: Sheryl Sim
The base consideration for the acquisition of MC Payment is S$80.0 million with an additional consideration being equivalent to the  cash raised by MC Payment from the date of the HOA until the completion of the reverse takeover. The total consideration will be fully satisfied by Artivision issuing new shares to the shareholders and bondholders of MC Payment  at an issue price of S$0.014. The number of consideration shares  will represent at least 60.07% of the enlarged share capital of Artivision. To reduce the outstanding debt of Artivision and possible dilution to the vendors, Mr Ching  Chiat Kwong, the controlling shareholder, will  acquire all of Artivision&rsquo s outstanding bonds and options from their respective holders. He will be issued 2,000,000,000 newArtivision  shares  at S$0.014 apiece.  With that, Mr. Ching will hold about  25.18% of the enlarged share capital of Artivision.  Currently the executive chairman and CEO of Oxley Holdings, Mr  Ching will serve as a  consultant of Artivision  to connect brick-and-mortar industries to MC Payment&rsquo s  growing business of instantaneous, secure and efficient payment solutions.  
A New Chapter of Growth Mr Kenneth Goh, Executive Director and CEO of  Artivision, commented, &ldquo The expansion into the fintech business aims to  breathe new life into the Company as we reposition ourselves for long-term growth.   
" This  would also make us one of the first fintech companies to be listed on the Singapore Exchange, at a time when Singapore is positioning herself to be the world&rsquo s leading fintech  and innovation hub. We are confident that this is an exciting industry which offers a multitude  of growth opportunities that will provide long-term shareholder value.&rdquo Mr Anthony Koh, Founder and CEO of MC Payment, said, &ldquo The proposed  listing in Singapore through Artivision marks a significant milestone in our growth story. Over  the years, we have aimed to build a cashless society and our vision is to  be the region&rsquo s foremost omni-channel and omni-payment solutions provider. The result is  the establishment of a scalable infrastructure which transcends borders and payment systems  in the APAC region." Details of the Heads of Agreement  here. |
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Berani
Elite |
10-Nov-2017 12:21
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yes... once 0.02 clear... all ppl will jump in.. and push.. cheers !
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ruready
Supreme |
10-Nov-2017 12:13
Yells: "Follow the micro penny , May be this is the last train" |
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Just add more hope go go go | |||||||||||
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Msport
Elite |
10-Nov-2017 12:11
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time to fly? new owner OXLEY boss | |||||||||||
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Battle123
Elite |
09-Nov-2017 21:57
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Wow great also like to buy
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TigTig
Master |
09-Nov-2017 20:32
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Bought another million shares.  | |||||||||||
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sbscap
Master |
08-Nov-2017 08:56
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History keeps repeating because there are always people who are positive and hopeful. It's in human's DNA.
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xiaoyuji
Veteran |
08-Nov-2017 08:14
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Today T+5. Need to watch | |||||||||||
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ruready
Supreme |
08-Nov-2017 07:57
Yells: "Follow the micro penny , May be this is the last train" |
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Are you ready, artilery missile target 30
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Berani
Elite |
07-Nov-2017 23:50
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everyday close 0.02.... good sign !
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ruready
Supreme |
07-Nov-2017 23:45
Yells: "Follow the micro penny , May be this is the last train" |
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18-21 trading range, get ready for coming day next stage of rally, once 21 clear , papa , mama, all chase chase chase,  | |||||||||||
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