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Time for collection....
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ruready
Master |
21-Aug-2013 14:56
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Look like games over soon ,,billion mark also contribute finish | ||||
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TsquareB
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21-Aug-2013 14:30
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Seems like pp r beginning to take profits
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WallStreet3
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21-Aug-2013 14:26
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WARNING !!!!!!!!!!!!!! IF IT INVOLVES MALAYSIAN STOCKS, BE CAREFUL. INNOPAC, MAGNUS....ETC LOOK AT ALBEDO SIGNING MOU TO ACQUIRE COEUR GOLD, LASPED !!!!!!!!!!!! THIS PROPOSED DEAL WILL 99% SURELY LAPSE . WHY ? COS IF ALL SHARES RTO, THAT MEANS ALBEDO NEEDS TO ISSUE 50 BILLION SHARES ??????????!!!!!!!!!!!!!!!!!!!! |
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mrwise
Senior |
21-Aug-2013 14:09
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Congrats to all vested!! $0.035 hit today!!! We will see $0.04 soon! The iskandar project is worth much much more!! Cheers!!
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ninjawarrior
Member |
21-Aug-2013 11:25
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Saw from TopGlobal thread that Albedo is partnering with TopGlobal? Is this a rumour or something we didn't know or is there going to be an announcement by the TopGlobal management? Thought of buying TopGlobal since it is much cheaper....than Albedo. |
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Bigmama
Master |
21-Aug-2013 10:43
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Congrats to all. | ||||
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Pauperman
Veteran |
21-Aug-2013 10:37
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waiting for it to cross 3c this 1-2 day | ||||
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Integrity
Veteran |
21-Aug-2013 10:24
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Looks pretty strong today | ||||
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mb7269
Senior |
21-Aug-2013 09:34
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if good why price quite flat? | ||||
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mrwise
Senior |
21-Aug-2013 09:16
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Target reached today at $0.028!! Cheers!! Looking at $0.035 by this week!
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teeth53
Supreme |
20-Aug-2013 12:53
Yells: "don't learn through life, learn to grow with life " |
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NON-BINDING MEMORANDUM OF UNDERSTANDING (MOU) WITH TEMASYA CERGAS SDN BHD IN RELATION TO THE PROPOSED ACQUISITION OF PROPERTIES LOCATED IN ISKANDAR, MALAYSIA 1. INTRODUCTION - The Board of Directors of Albedo Limited wishes to announce that the Company has on even date entered into a non-binding memorandum of understanding with Temasya Cergas Sdn Bhd. TCSB shall collectively be referred to herein as the Parties, pursuant to which it is proposed that the Company will acquire five (5) parcels of land (Properties) located in the north of Iskandar, Malaysia from TCSB (Proposed Acquisition). The shareholders of the Company (the ?Shareholders? and each a ?Shareholder?) should note that the MOU is not intended to be legally binding on the Parties save for certain specified terms relating to, amongst others, the exclusivity period as set out in paragraph 5.3 below. The principal terms of the Proposed Acquisition as set out in the MOU are subject to the terms and conditions to be agreed and set out in a definitive sale and purchase agreement(s) (the ?S& P?) to be entered into between the Parties. 2. INFORMATION ON TCSB AND THE PROPERTIES AS AT THE DATE OF THIS ANNOUNCEMENT 2.1 Information on TCSB - TCSB is a company incorporated in Malaysia and is currently an investment holding company. 2.2 Information on the Properties - The Properties are located in Gelang Patah, the vicinity of Setia Eco Gardens and are to the north of Iskandar, Malaysia?s Flagship B: Nusajaya Development. The Properties are accessible from Johor Bahru City via the multiple access roads and also the Second Link Expressway. As at the date of this announcement, the Properties cover a total land area of approximately 762 acres. Details of each of the Properties are set out below: Details Description Parcel 1 Land Size 279 acres - Proposed Usage Industrial and commercial mixed property development Tenure Freehold Parcel 23. PURCHASE CONSIDERATION - The purchase consideration for the Properties (the ?Purchase Consideration?) shall be satisfied by the allotment and issuance of new ordinary shares (?Shares?) in the share capital of the Company (the ?Consideration Shares?) to TCSB and may result in a potential reverse takeover pursuant to Rule 1015 of Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (?Catalist Rules?). The number of Consideration Shares and the issue price Consideration Share shall be determined by the Parties upon signing the S& P. The Consideration Shares when allotted and issued shall rank pari passu with the then existing Shares of the Company save for any dividends, rights, allotments or any distributions, the record date of which falls before the date of issue of the Consideration Shares. 4. RATIONALE FOR THE PROPOSED ACQUISITION - The Board wishes to inform the Shareholders that intense competition and the softening of customers? demand for the Group?s trading and distribution businesses of steel related raw materials and consumables have eroded the Group?s profit margins. The Board expects the Group?s existing core trading businesses to remain challenging. The Proposed Acquisition will provide an opportunity for the Company to venture into new business areas which have the potential for growth to the benefit of the Company and its Shareholders. The Board is hence of the view that the Proposed Acquisition is likely to enhance the long terms interests of Shareholders. |
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mrwise
Senior |
20-Aug-2013 09:18
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More upsides once MOU is signed!! Albedo investing in properties in Iskander!! Cheers to all vested. Hope to get up to $0.028 by today!!
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Pauperman
Veteran |
19-Aug-2013 12:24
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Maybe mou lapsed but deal settled over the weekend? Or perhaps a better deal in the talks now?
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caringfather360
Member |
19-Aug-2013 09:09
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ops sorry, just saw Friday news. Wonder why today trading halt.
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caringfather360
Member |
19-Aug-2013 09:04
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Wow.. how do you know MOU Lapse ? Its not in the news yet.
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Bigmama
Master |
17-Aug-2013 08:56
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I think down to 2.2 at most. But don't be surprise if it goes up!!!!! | ||||
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newbieliu
Member |
17-Aug-2013 08:00
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It seems that like a bad news leh... psychologically when it signed MOU .... we are expecting something more positive... now it lapsed and said unable to achieve agreement... it is definitely putting a negative impact on the BB or buyers' confidence... I also bet it will go down ... at least to 0.21 on Monday.
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mrwise
Senior |
17-Aug-2013 06:28
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From what i see, this is not a bad news. In fact, when this news was announced in 14 Jun, the stock retreated and stays flat for a month. I am looking for more upsides....
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mb7269
Senior |
16-Aug-2013 22:46
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bad news for those holding
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KepoChicken
Senior |
16-Aug-2013 21:20
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MOU lapsed.. monday back to 0.02 again | ||||
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