Medtecs Intl    Last:0.121    -0.001

The next journey

Remembered CEO made his 2nd purchase of 500 lots at 105. 
Hope he can made another purchase at current 104/105 soon. Or at least get his kongsi to buy up, to encourage disheartened forumers like Francis.
Like what he said, kongsi got talk but no action,
No blame him, cos he is right so far, cos kongsi got buyback mandate, got approval from board for MBoard transfer on 16 Nov, chairman like also got say something like div, but like everything said still in limbo. So far, only 2 isolated purchases by CEO, and none by other top brass.
Seems like got some holders are beginning to feel like him, selling to LH to RH kakias of BBs.
That' s y price also in limborock, how low can u go, when it shd be how hi can MT go. Anyway, all in jest.

 

On transfer to main board, can wait till end of this week, assuming 2 month lag as compare to Aspen.

Celebrate CNY everybody, and hopefully the in principle approval on th transfer is announced.

Happy New Year in advance to everybody.

 

@Francis.. If you are really interested to know asap or very urgently, contact Citigate.

For further information, please contact:
Citigate Dewe Rogerson Singapore Pte Ltd
Ms Samantha Koh / Mr Justin Teh
Tel: +65 6534 5122
Email: [email protected]
 

DeadlyKitty      ( Date: 08-Feb-2021 14:21) Posted: Aiya, then you assume their mainboard listing failed lor. Just say loud loud lah, don' t need assume got problem one. you say louder then maybe they need to come out clarify, if that satisfies your wish. FrancisLim      ( Date: 08-Feb-2021 12:22) Posted: say Aspen' s timeline - 26 Oct Co' s announcement - 22 Nov SGX approval in principle Medtec s - 16 Nov - Co' s announcment Rightfully by 16 Dec - SGX approval in principle should be received. Say, Medtecs is tardy - the 16 Jan 2021? Nov it is 8th Feb 2021 -- by this week - no update.. could be an issue.

 

Aiya, then you assume their mainboard listing failed lor.
Just say loud loud lah, don' t need assume got problem one.
you say louder then maybe they need to come out clarify,
if that satisfies your wish.

FrancisLim      ( Date: 08-Feb-2021 12:22) Posted: say Aspen' s timeline - 26 Oct Co' s announcement - 22 Nov SGX approval in principle Medtec s - 16 Nov - Co' s announcment Rightfully by 16 Dec - SGX approval in principle should be received. Say, Medtecs is tardy - the 16 Jan 2021? Nov it is 8th Feb 2021 -- by this week - no update.. could be an issue.   gregtan123      ( Date: 08-Feb-2021 12:17) Posted: Yes, Greg is the LAST person you should listen to. This comment I like

 

MEDTECS INTERNATIONAL CORPORATION LIMITED
(Incorporated in Bermuda)

Board Approval for the Company to Apply for Transfer to the Mainboard
The Board of Directors (" Board" ) of Medtecs International Corporation Limited (the " Company" ) wishes to announce that the Board intends to make an application to transfer the Company' s listing from the Catalist to the Mainboard of the Singapore Exchange Securities Trading Limited (" SGX-ST" ) (the " Proposed Transfer" ).
The Board believes the Proposed Transfer would better allow the Company to attract institutional investors and reach out to a wider investor base, both within Singapore and overseas. This, coupled with the fact that a listing on the Mainboard would enhance the image of the Company and provide the Company with greater visibility and recognition in the market, is particularly critical in this COVID-19 pandemic situation, where there could be pockets of opportunities that Company would be able to tap on to expand its business operations.

The Company will be submitting an application to the SGX-ST for the Proposed Transfer and will update its shareholders on the outcome of the applications to the SGX-ST in due course.

The Proposed Transfer is subject to, amongst others, the following conditions:
(a) the in-principle approval of the SGX-ST for the Proposed Transfer being obtained
(b) the Company meeting the minimum quantitative requirements set out in Mainboard Rule 210 and
(c) the approval of the Company&rsquo s shareholders for the Proposed Transfer being obtained at an extraordinary general meeting to be convened.
Shareholders are advised to exercise caution in trading their shares as there is no certainty or
assurance as at the date of this announcement that approval by the SGX-ST for the Proposed Transfer will be obtained, the above conditions will be met, or that the Proposed Transfer will be undertaken at all.
Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders should consult their stock brokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions that they should take.
Submitted by Mr Clement Yang, Executive Chairman, on 16 November 2020 to the SGX-ST.

____________________________________________________________________________________
For further information, please contact:
Citigate Dewe Rogerson Singapore Pte Ltd
Ms Samantha Koh / Mr Justin Teh
Tel: +65 6534 5122
Email: [email protected]

 

Be patient, just 2 more weeks only will have more inputs from the Medtecs mgtm.
Investment is no sprint.
it is diligently chosing the right companies and seeing them grow.

I earned a lot from Medtecs since last April. But still holding huge chunks.
I believe in the new mgtm direction branding BIG in USA and of growing global in their healthcare biz.
With a huge cash hoard of 300m (by mid 2021) to propel the growth plans, the outlook is GREAT.
Medtecs2.0 is only just starting.. the best is yet to come.
Vested for long. No contra.
 

FrancisLim      ( Date: 08-Feb-2021 09:29) Posted: It seems this company just talk and sometimes contradictory like: dividend policy - need to save for investment additional investment - cautious have to conserve cash (no dividend policy, no capital expenditures plan - what, conserve cash to pay the management?) transfer to main board - no sound...   MooMoo      ( Date: 08-Feb-2021 09:18) Posted: Many suspect the delay is on MT' s side.  Someone' s sleeping on the job?  Courier lost the papers? 😬

 

HAHA ok fellas, listen up. If Medtecs is affecting ur mood so much or u have to keep coming forum or checking Medtecs share price, please SELL, Short SELL annd report Greg, I am heavily vested at various price points, And this is a conviction buy. Reason WHY i stay away from this forum is because (a) I move on to other faster moving gambles n trades whilst i wait for MT to run, (b) this forum got too many humans who want quick buck or who only shout negative things. So kiddos, please SELL, this stock is cancer to u all from ALL ur forum posting. Greg hold the bag. Think im calling to u to buy/sell, report Greg to CAD or MAS please, im waiting. last round 2020 when from 21 cents drop to 5.5 cents, already 1 clown noeyesee reported me toi CAD/MAS, in the end im still here. So please do so. Also SELL medtecs. i hold ur bag for u all. last post for the next few days. No Peace Out. SELL NOW

ETLee8      ( Date: 08-Feb-2021 12:23) Posted: May Be  ???????????????????????????? He push a little, disappear and come again far too coincidence ??????? gregtan123      ( Date: 08-Feb-2021 12:17) Posted: Yes, Greg is the LAST person you should listen to. This comment I like

 

May Be  ????????????????????????????
He push a little, disappear and come again far too coincidence ???????

gregtan123      ( Date: 08-Feb-2021 12:17) Posted: Yes, Greg is the LAST person you should listen to. This comment I like. kiattttt      ( Date: 08-Feb-2021 11:43) Posted: Greg is the last person u should listen to

 

say Aspen' s timeline - 26 Oct Co' s announcement - 22 Nov SGX approval in principle

Medtec s - 16 Nov - Co' s announcment

Rightfully by 16 Dec - SGX approval in principle should be received.

Say, Medtecs is tardy - the 16 Jan 2021?

Nov it is 8th Feb 2021 -- by this week - no update.. could be an issue.

 

gregtan123      ( Date: 08-Feb-2021 12:17) Posted: Yes, Greg is the LAST person you should listen to. This comment I like. kiattttt      ( Date: 08-Feb-2021 11:43) Posted: Greg is the last person u should listen to

 

Yes, Greg is the LAST person you should listen to. This comment I like.

kiattttt      ( Date: 08-Feb-2021 11:43) Posted: Greg is the last person u should listen to

 

Greg is the last person u should listen to

 

Greg should know leh.  Where is he ?????

FrancisLim      ( Date: 08-Feb-2021 10:53) Posted: Yes, the Co made a similar announcment as Aspen, on 16th Nov 2020. Subsequently, Aspen made the announcment of receipt in principle by SGX on 22 Dec 2020 23 Dec 2020, Aspen made press release of the in principle approval and to convence EGM for shareholders' approval. EGM on 30th Dec 2020 approved the transfer.    25 Jan 2021 started trading on SGX Mainboard. The difference  - after the intial announcemnt on 16th Nov by Medtecs, no further news. boyboy61      ( Date: 08-Feb-2021 10:28) Posted: Was scanning through the nnoucements made by Medtecs.  There was no mention that they have applied for the transfer to the mainboard but that the board of directors approved for the company to apply for the transfer to the mainboard.  Maybe I missed something

 

Yes, the Co made a similar announcment as Aspen, on 16th Nov 2020.

Subsequently, Aspen made the announcment of receipt in principle by SGX on 22 Dec 2020

23 Dec 2020, Aspen made press release of the in principle approval and to convence EGM for shareholders' approval.

EGM on 30th Dec 2020 approved the transfer.    25 Jan 2021 started trading on SGX Mainboard.

The difference  - after the intial announcemnt on 16th Nov by Medtecs, no further news.

boyboy61      ( Date: 08-Feb-2021 10:28) Posted: Was scanning through the nnoucements made by Medtecs.  There was no mention that they have applied for the transfer to the mainboard but that the board of directors approved for the company to apply for the transfer to the mainboard.  Maybe I missed something. FrancisLim      ( Date: 08-Feb-2021 10:12) Posted: This is Aspen' s announcement on 26th Oct 2020, and there are susequent updates: " The Board of Directors (the &ldquo Board&rdquo or &ldquo Directors&rdquo ) of Aspen (Group) Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company intends to undertake the proposed transfer (the &ldquo Proposed Transfer&rdquo ) of the listing of the Company from the Catalist Board of Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) to the Mainboard of the SGX-ST (&ldquo Mainboard&rdquo ). The Board considers that the Proposed Transfer would promote the Company&rsquo s corporate profile and recognition in the market and amongst public investors and enhance the image of the Company both locally and overseas. Further, a listing on the Mainboard would provide the Company with greater visibility in the capital markets, which could result in a larger investor base and accord the Group with a wider platform and better opportunities for future fund raising. This will allow the Company to better tap into capital markets (both equity and debt) to maximise the Group&rsquo s growth potential. Therefore, the Directors are of the view that the Proposed Transfer will be beneficial to the future growth, financing flexibility and business development of the Group, which will in turn enhance the long-term value for shareholders. The Proposed Transfer is subject to, amongst others, the following: (a) the in-principle approval of the SGX-ST for the Proposed Transfer (b) the Company meeting the minimum shareholding spread requirements applicable to Mainboard listing applicants set out in Mainboard Rule 210(1) and (c) approval of the Company&rsquo s shareholders for the Proposed Transfer at an extraordinary general meeting to be convened. The Company has submitted an application to the SGX-ST in relation to the Proposed Transfer. The Company will update shareholders as and when there are material developments in respect of the Proposed Transfer.

 

look at the price..... disgusting

 

Was scanning through the nnoucements made by Medtecs. 

There was no mention that they have applied for the transfer to the mainboard but that the board of directors approved for the company to apply for the transfer to the mainboard.  Maybe I missed something.

FrancisLim      ( Date: 08-Feb-2021 10:12) Posted: This is Aspen' s announcement on 26th Oct 2020, and there are susequent updates: " The Board of Directors (the &ldquo Board&rdquo or &ldquo Directors&rdquo ) of Aspen (Group) Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company intends to undertake the proposed transfer (the &ldquo Proposed Transfer&rdquo ) of the listing of the Company from the Catalist Board of Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) to the Mainboard of the SGX-ST (&ldquo Mainboard&rdquo ). The Board considers that the Proposed Transfer would promote the Company&rsquo s corporate profile and recognition in the market and amongst public investors and enhance the image of the Company both locally and overseas. Further, a listing on the Mainboard would provide the Company with greater visibility in the capital markets, which could result in a larger investor base and accord the Group with a wider platform and better opportunities for future fund raising. This will allow the Company to better tap into capital markets (both equity and debt) to maximise the Group&rsquo s growth potential. Therefore, the Directors are of the view that the Proposed Transfer will be beneficial to the future growth, financing flexibility and business development of the Group, which will in turn enhance the long-term value for shareholders. The Proposed Transfer is subject to, amongst others, the following: (a) the in-principle approval of the SGX-ST for the Proposed Transfer (b) the Company meeting the minimum shareholding spread requirements applicable to Mainboard listing applicants set out in Mainboard Rule 210(1) and (c) approval of the Company&rsquo s shareholders for the Proposed Transfer at an extraordinary general meeting to be convened. The Company has submitted an application to the SGX-ST in relation to the Proposed Transfer. The Company will update shareholders as and when there are material developments in respect of the Proposed Transfer.  FrancisLim      ( Date: 08-Feb-2021 09:47) Posted: Has the Co made an announcement on SGX that it intends to transfer to main board.. and subsequent updates like the case of Aspen

 

This is Aspen' s announcement on 26th Oct 2020, and there are susequent updates:

" The Board of Directors (the &ldquo Board&rdquo or &ldquo Directors&rdquo ) of Aspen (Group) Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company intends to undertake the proposed transfer (the &ldquo Proposed Transfer&rdquo ) of the listing of the Company from the Catalist Board of Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) to the Mainboard of the SGX-ST (&ldquo Mainboard&rdquo ).

The Board considers that the Proposed Transfer would promote the Company&rsquo s corporate profile and recognition in the market and amongst public investors and enhance the image of the Company both locally and overseas. Further, a listing on the Mainboard would provide the Company with greater visibility in the capital markets, which could result in a larger investor base and accord the Group with a wider platform and better opportunities for future fund raising. This will allow the Company to better tap into capital markets (both equity and debt) to maximise the Group&rsquo s growth potential. Therefore, the Directors are of the view that the Proposed Transfer will be beneficial to the future growth, financing flexibility and business development of the Group, which will in turn enhance the long-term value for shareholders.

The Proposed Transfer is subject to, amongst others, the following:

(a) the in-principle approval of the SGX-ST for the Proposed Transfer

(b) the Company meeting the minimum shareholding spread requirements applicable to Mainboard listing applicants set out in Mainboard Rule 210(1) and

(c) approval of the Company&rsquo s shareholders for the Proposed Transfer at an extraordinary general meeting to be convened.

The Company has submitted an application to the SGX-ST in relation to the Proposed Transfer.

The Company will update shareholders as and when there are material developments in respect of the Proposed Transfer. 

FrancisLim      ( Date: 08-Feb-2021 09:47) Posted: Has the Co made an announcement on SGX that it intends to transfer to main board.. and subsequent updates like the case of Aspen? ETLee8      ( Date: 08-Feb-2021 09:41) Posted:   The transfer to Mainboard is in the interest of the company.  So if there is any delay, it has to be on SGX side. Taking ASpen' s timeframe as a guide, it should be either this week or next at the latest. On the dividend issue, it is important to give a substantial dividend since the co has made record profits.  A high dividend will maintain the support of investors

 

Has the Co made an announcement on SGX that it intends to transfer to main board.. and subsequent updates like the case of Aspen?

ETLee8      ( Date: 08-Feb-2021 09:41) Posted:   The transfer to Mainboard is in the interest of the company.  So if there is any delay, it has to be on SGX side. Taking ASpen' s timeframe as a guide, it should be either this week or next at the latest. On the dividend issue, it is important to give a substantial dividend since the co has made record profits.  A high dividend will maintain the support of investors. FrancisLim      ( Date: 08-Feb-2021 09:29) Posted: It seems this company just talk and sometimes contradictory like: dividend policy - need to save for investment additional investment - cautious have to conserve cash (no dividend policy, no capital expenditures plan - what, conserve cash to pay the management?) transfer to main board - no sound...

 

This may be the future of trading.  The rules which has been favoring Hedge Fund, Broking hses, BBs, ..etc may change with more n more young investors coming in.

ETLee8      ( Date: 08-Feb-2021 08:03) Posted: THE GAMES BEGIN The forum started discussing GameStop around a year ago. But at that time it was just a trading opportunity. There wasn&rsquo t any talk of taking down hedge funds or a war with Wall Street until two months ago. In January 2021, based on the discussion in the forum, I bought 11 shares in GameStop, in gradual steps ranging in price from US$80 to US$350 (averaging US$200) as a calculated trade based on the available information at the time. By late January, it had become a frenzy as forum members piled into GameStop and other stocks, including BlackBerry and cinema group AMC Entertainment, using low-fee trading platforms such as Robinhood. READ:  Commentary: GameStop insanity has painful lessons on short-selling and more for retail investors This was based on the knowledge that many hedge funds had bet heavily on these share prices to go down (known as &ldquo short positions&rdquo ), and that driving them up would cost big investors a fortune. In the event, the damage has run to billions of dollars and some players, including Melvin Capital, Maplelane and Citron, got burned. OUTRAGE AGAINST ROBINHOOD The WallStreetBets forum has grown exponentially. The number of members now stands at 8.4 million and still rising, and it is almost impossible to follow the discussion or extract information from the barrage of posts. Even the founders of the forum have complained that it is a victim of its own success. The response from the trading apps has been questionable in my opinion. They either stopped or severely restricted buying by individual traders while allowing everyone to sell, thus suppressing demand and price. And these restrictions were only for retail traders - not hedge funds. Outraged retail investors are bringing more than 30 class-action lawsuits against Robinhood, and a house committee hearing by US lawmakers is expected later in February. READ:  Commentary: Is the stock market&rsquo s rise driven by mania or logic? The New York attorney general, Letitia James, is reviewing Robinhood&rsquo s reaction, while prominent figures like CNN host Chris Cuomo, Tesla&rsquo s Elon Musk and tech investor Chamath Palihapitiya have openly questioned whether Robinhood imposed the restrictions to favour hedge funds with short positions. Notably, one of the main customers for the user data that Robinhood sells is Citadel Securities, which is one of Melvin Capital&rsquo s backers. Robinhood responded that it imposed the restrictions temporarily while it raised additional funding to cover a huge hike in the amounts the clearing houses were demanding to cover the period until each trade settled. Trading information for GameStop is displayed on the Robinhood App. (Photo: REUTERS/Brendan McDermid)   It has since raised over US$3 billion from backers and has partially lifted the restrictions. A WIDER CHANGE Beyond this individual Reddit forum, a wider change seems to be taking place. For the past few weeks, most of the fastest-growing communities on Reddit are related to investment and trading discussions. And this trend is spreading across the world. Similar forums have emerged in the UK, Europe and Malaysia. There is also the realisation among institutional investors that social media users working collectively are capable of exposing carefully hidden information and spreading it like wildfire. It may mean that more people may choose to manage their own investments in future rather than paying generous fees to hedge funds and other financial institutions to do it for them. READ:  Commentary: GameStop and how WallStreetBets may disrupt financial markets permanently It may also lead to significant changes in risk management and disclosure practices. For example, Citron, which specialises in taking short positions, says it will no longer put its research into the public domain. On a more social level, this phenomenon appears to have made young people much more interested in how the financial markets work. Social media forums and commission-free trading appears to be creating a new generation of investors. This democratisation of capital markets may be a solution to the indifference that has long existed among the ordinary population towards saving and investing - reversing a trend that has existed for more than three decades. As for me and my 11 shares in GameStop &ndash currently worth US$990, or about half of what I paid for them &ndash I plan to hold them for two reasons. The company now has the support of 8.4 million WallStreetBets members as potential customers, many of whom are also the primary customers for its gaming products. GameStop is now also a well recognised brand among young social media users across the world. Wish me luck.

 

  The transfer to Mainboard is in the interest of the company.  So if there is any delay, it has to be on SGX side.
Taking ASpen' s timeframe as a guide, it should be either this week or next at the latest.
On the dividend issue, it is important to give a substantial dividend since the co has made record profits.  A high dividend will maintain the support of investors.

FrancisLim      ( Date: 08-Feb-2021 09:29) Posted: It seems this company just talk and sometimes contradictory like: dividend policy - need to save for investment additional investment - cautious have to conserve cash (no dividend policy, no capital expenditures plan - what, conserve cash to pay the management?) transfer to main board - no sound...   MooMoo      ( Date: 08-Feb-2021 09:18) Posted: Many suspect the delay is on MT' s side.  Someone' s sleeping on the job?  Courier lost the papers? 😬

 

It seems this company just talk and sometimes contradictory like:

dividend policy - need to save for investment

additional investment - cautious have to conserve cash

(no dividend policy, no capital expenditures plan - what, conserve cash to pay the management?)

transfer to main board - no sound...

 

MooMoo      ( Date: 08-Feb-2021 09:18) Posted: Many suspect the delay is on MT' s side.  Someone' s sleeping on the job?  Courier lost the papers? 😬 lailai      ( Date: 08-Feb-2021 09:12) Posted: Shd be asking SGX and not MT, just opinion.