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$0.031 watch for some action later
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ruready
Master |
13-Sep-2013 10:27
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This one bb is king push up and short,,,,,,retail kena buy h and flush by low,,,,,,this is stock market,,,,,bb always is winner | ||
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johnng
Veteran |
29-Jul-2013 21:31
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Could be a ramp and dump action......be fast and swift | ||
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dekmelvie
Senior |
29-Jul-2013 21:06
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anyone here knows whats happening to this counter? | ||
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ruready
Master |
08-Jul-2013 11:56
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This counter very obvious is a trap,,,,,, | ||
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beemerc
Member |
29-May-2013 22:24
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This stock has been sleeping for a long time! | ||
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hem2998
Member |
01-Mar-2013 08:18
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Nice chart... should move up to 3c soon |
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davidjabez
Member |
04-Jan-2013 17:13
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shot up today. anyone know why? | ||
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mcking
Member |
29-Aug-2012 22:43
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Value Capital Management entered into a 100 million convertible bond subscription agreement with M Development whereby the Conversion Price shall be 85% of the average of any five consecutive Closing Prices per Share as selected by them during the 30 Business Days immediately preceding the relevant Conversion Date. This is commonly known as the DEATH SPIRAL CONVERTIBLES. The floating conversion ratio ensures guaranteed profitable arbitrage while the existing shareholders will see their holdings diluted.
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davidjabez
Member |
29-Aug-2012 15:50
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Hi, I do not know what you all are talking about? Can someone please explain this to me? | ||
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mcking
Member |
29-Aug-2012 07:04
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Despite the hundreds of millions sold by Value Capital Management (654 million to be exact) in the last 2 months, there will be hundred of millions more coming out in fast succession through the conversion of their bonds. This time, their cost is only $0.00578. Be careful. The supply of the converted shares is directly dependent on the demand in the market... the more you buy, the more they can convert and sell. | ||
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mcking
Member |
21-Aug-2012 20:36
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You forget to mention that Mr Huang Wen Lai sold more than 11.6 million shares in May 12 immediately after receiving the first conversion note from Value Capital Management.
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mcking
Member |
21-Aug-2012 20:31
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147 million shares were converted at $0.00578 the last two days* and with the possibility of billions of shares convertible at $0.00578 for the next 28 trading days, one would expect no buyer of this share above $0.006. But yet, we do see huge buying of M Dev at 0.01 and above. Modern day mystery that can never be understood..... *Value Capital Management entered into a 100 million convertible bond subscription agreement with M Development whereby the Conversion Price shall be 85% of the average of any five consecutive Closing Prices per Share as selected by them during the 30 Business Days immediately preceding the relevant Conversion Date. This is commonly known as the DEATH SPIRAL CONVERTIBLES. The floating conversion ratio ensures guaranteed profitable arbitrage while the existing shareholders will see their holdings diluted. |
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mavenkg
Member |
04-Jul-2012 21:37
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Can anyone advise on what the “BLIND EYE” (Hokkien) doing is legal? Can I saying that SGX only monitor transactions volume and does not CARE on what the “BLIND EYE” is doing to the shareholder? Within 2 months, the “BLIND EYE” had issued more than 50% of shares to the fund manager knowing that they will sell to the market the next day and able to issue more shares at cheaper price. “BLIND EYE” gives the crab that the money is for “Future development and expansion” As all company will say that!!!
Will like to make note to SGX on why the Fund is able to make sure a Hugh transactions every time it manage to converted the shares? Is there a conspiracy?
Currently I am out of this, had lost fade in whatever the “BLIND EYE” was doing, maybe SGX too. Where is your corporate governance on this company….
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mavenkg
Member |
21-Jun-2012 11:12
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"Blind Eye" = chairman. Don't issuees any more shares. Wake up...... | ||
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mavenkg
Member |
13-Jun-2012 20:22
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Any conversion is done at 2 cent WHY the company need so much cash reserves and it drawing THE TRANCHE 1 NOTES in batches within such a short period of time. Does the chairman have ANY form of financial planning and vision for the company? We the minority shareholder shares are diluted because of his GREAT vision. CHAIRMAN explains your actions? |
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mavenkg
Member |
12-Jun-2012 21:15
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From company announcements, Fund sold 17 million shares after that almost immediately. Chairman follow suit and sold another 6.5 million shares. Almost immediately, fund sold about 22 million shares down to 2.5c. Fund get cheap shares at 2.43 c after that. What the hell is this ? Now company said making mistake for issue price at 2.99 c. Why this mistake ? |
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mavenkg
Member |
12-Jun-2012 21:05
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Fund got shares on 17 May. Chairman sold 5.1 millions shares on 18 May. He run road first before the fund sell down ? What the hell is this ? |
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tradehuathuat
Veteran |
30-May-2012 13:25
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$0.031 watch for some action later | ||
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