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Contel Corp
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rotijai
Supreme |
09-Apr-2013 20:29
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terencee... terencee... i really hope u are just joking..
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edwinjup
Master |
09-Apr-2013 20:24
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I think slc will unload the placement share once receive
..why keep the share even they got no money to pay the bill...avoid |
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iluvboost
Master |
09-Apr-2013 20:23
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walan terence, u seem delusional...every news u can twist until good.   no money pay law firm, so give them shares. 
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terencee
Master |
09-Apr-2013 20:21
Yells: "I don't entertain trolls." |
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_95BBDDF93BD4DA2648257B48003C2DD1/$file/Announcement-Settlement.pdf?openelement   contel new announcement to cut debts. Looks good to me than yesterday's announcement. Meaning they are doing some work.    But we still have to look at tml's preopen market to determine the bulls and bears for Contel  |
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iluvboost
Master |
09-Apr-2013 20:20
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big boys know this piece of news in advance, thus the down today.
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iluvboost
Master |
09-Apr-2013 20:18
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no money in bank, so print some money from paper    CONTEL CORPORATION LIMITED (Incorporated in Bermuda) (Company Registration No.: 36658) THE PROPOSED ISSUE OF 4,333,577 NEW ORDINARY SHARES IN THE CAPITAL OF CONTEL CORPORATION LIMITED 1. INTRODUCTION The Board of Directors (the “Board”) of Contel Corporation Limited (the “Company”) wishes to announce that the Company intends to allot and issue new ordinary shares (the “Shares”) to Stamford Law Corporation (”SLC”) in satisfaction of the professional fees owing to SLC in the amount of S$270,415.26 by way of a private placement (the “Proposed Placement”). 2. PROPOSED PLACEMENT 2.1 Principal Terms of the Proposed Placement (a) The Company has on 9 April 2013 entered into a settlement agreement with SLC (the “Settlement Agreement”) that the invoices issued by SLC for the period between 16 July 2011 and 6 July 2012 for an amount of S$270,415.26 (the “Legal Fees”), being professional fees for services rendered by SLC as legal adviser to the Company for the period between 16 July 2011 and 6 July 2012 be fully and finally settled by way of allotment and issuance of 4,333,577 Shares (the “Placement Shares”) to SLC at an issue price of S$0.0624 per Placement Share (the “Issue Price”). (b) The volume weighted average price of the Shares for trades done on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 9 April 2013 (being the full market day on which the Settlement Agreement is entered into between the Company and SLC) was S$0.0693 per Share. (c) The Issue Price represents a discount of 10% to the volume weighted average price of S$0.0693 for trades done on the Shares on the SGX-ST on 9 April 2013 (being the full market day on which the Settlement Agreement was entered into between the Company and SLC). 2.2 Shareholders Mandate for the Issue of the Placement Shares (a) The Placement Shares will be allotted and issued pursuant to the general shareholders’ mandate to issue new Shares not exceeding 50% of the issued share capital (excluding treasury shares) of the Company as at the date of the Company’s annual general meeting held on 31 August 2012 (“AGM”), of which the aggregate number of Shares to be issued other than on a pro-rata basis shall not exceed 20% of the then issued share capital (excluding treasury shares of the Company) (“General Share Mandate”). (b) The Proposed Placement will be undertaken as a private placement in accordance with Section 272B of the Securities and Futures Act (Cap. 289). As such, no 1
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terencee
Master |
09-Apr-2013 19:11
Yells: "I don't entertain trolls." |
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A little bit of morale boosting for everyone..
    Avg short price 0.069. Today close 0.072. Should be burned 3 bids.    |
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gelu2279
Member |
09-Apr-2013 18:28
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my gut feel... pattern tmr will be same as today.. short sell in opening hours with strong buy later
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iluvboost
Master |
09-Apr-2013 18:01
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for the unvested, if i were them, i will wait till it drop to 0.05-6, and enter. if never drop, and show signs of uptrend, i will enter at 0.07. if all gone case, treat it as paying school fees. focus on the next stock and move on.
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Huatahearnmoney
Senior |
09-Apr-2013 17:49
Yells: "Rich is ruthless, share the wealth ,share your insider news!" |
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有 危 必 有 机 。 cheena saying ah, confirm dio one. U see the louis simi , keep saying what white wolve something. I learnt from him. Throw some cheenathing out. Dio bo? U see today i see 5 digit red... What can i do now? Go and drink and wake up tmr... Arbo cant sleep ahhahah .
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Vafirish
Member |
09-Apr-2013 17:48
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Two things I would change ..... hmmm ......   1. Probably listen to what Suze Orman said in her books  IE  only buy stocks that you know of........More than 95% of my stocks I traded are all  rumored  based. 2.   Have a stop loss and profit target .......... at the moment I am just basing them on gut  instincts.......oh well.   Consistent theme .............. hmmm ........ I realized I only deal with penny stocks. (The fund managers of my unit trusts probably invest in blue chips anyway so I ain't so keen with blue chips stocks per se.)   Good questions ...........make me think. 
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gelu2279
Member |
09-Apr-2013 17:43
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contel will be on the news, first is top vol, next is highest % loss how do you think unvested people would read it tonight? a risk or oppty tmr?
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student
Veteran |
09-Apr-2013 17:40
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The initial shock is nothing compared to the after-effects. Question is, will it ever climb back? and when, if it will?
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gelu2279
Member |
09-Apr-2013 17:39
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if there were two things you wish you could change in terms of trading behavior, what would it be? is there a consistent theme across your trading life? 
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iluvboost
Master |
09-Apr-2013 17:36
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its not bad news, i just like to prep myself at the worst that could happen, so im not shocked at anything...  
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gelu2279
Member |
09-Apr-2013 17:34
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wah... that's a drop like today's magnitude... more bad news?
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Vafirish
Member |
09-Apr-2013 17:33
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True, I am also one of those still " trapped" with China Gao Xian ...... not sure when trading un-suspended. But over the last 8 years of playing stocks, at this point of writing, when I clicked on my " realized profit/loss" , after hundreds of trades - it is now showing a loss of 5k. While my unit trusts have been profiting over the years ........ my stocks(over this period of time)shows that it ain't no investment. But unfortunately (or fortunately as one might see it) .... I am still playing it because the thrill of getting that 5 digit profits once in a while is just exhilarating. Of course getting hit with a 5 digit loss is also a downer. So does that make me a high risk gambler? perhaps. Perhaps when I reached my 40s......my attitude will change. At this point of time I am hooked. Contel wise ........I hope it rises .........vested.   
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iluvboost
Master |
09-Apr-2013 17:30
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the most it can drop is to 0.05-0.06 levels tmrw.. meaning mid march, mid feb levels. 
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Huatahearnmoney
Senior |
09-Apr-2013 17:26
Yells: "Rich is ruthless, share the wealth ,share your insider news!" |
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Make or break, our lil action counts and also. 天 要 帮 我 等 。 。 。
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gelu2279
Member |
09-Apr-2013 17:22
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Whatever happens between now and end of week, I am vested.. so I am in with you brudders |
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