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Contel Corp
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mlfbac
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09-Apr-2013 10:58
Yells: "Make Life Fun But Always Considerate" |
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Not an easy phase currently. Be strong and calm. Take care to all vested. |
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rotijai
Supreme |
09-Apr-2013 10:57
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ok... whatever it is.. just make sure u know wat u are doing.. and the potential profit/losses that you might be facing.. gl to u all |
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Bopanha
Master |
09-Apr-2013 10:57
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Yes, business secret should not be revealed here, so don't ask further.   Cheers.
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Bopanha
Master |
09-Apr-2013 10:54
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Contel got business.   It also chopped off loss subsidiary last year, that was why the director still have the confidence to put his own money from his own resources to invest in the company in bonds repayable in future.   Furthermore, I bought not because of RTO (unlike Terrence).   I bought because it chopped off the loss subsidiary and now ready for big things.  Yuuzoo acquisition is a big thing.   You think of Facebook company, you will think of Yuuzoo Corpn having big fortunes ahead.   Cheers.  |
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terencee
Master |
09-Apr-2013 10:52
Yells: "I don't entertain trolls." |
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Thats logic to most of us. But what if the 50m loan is used to exchanged for notes ? Then to the investor that loan the money to the company, the notes will be converted and sold for so much more should the company produce good results. Think no need to wait 50 years if notes were to be convert at low price like now and then run up to 10c in the near future ? That's already 30% back.    Well, i'm a little bias on this.  
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iluvboost
Master |
09-Apr-2013 10:48
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logically no single 1 person will put 50million in a company , how to recoup? get back 1 mil per year? need to wait 50 years. 50 million can do many things to other companies. not just 1.  only banks will pump such money in companies (financing) 
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rotijai
Supreme |
09-Apr-2013 10:46
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sir.. if investment can be done so easily.. banks.. funds.. finance houses.. wont pay a fortune to analysts to study the companies.. -_- then again..i am refering to their internal analysts.. not those who happy happy publish analysts articles out to public (those mostly cannot be trusted)
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Bopanha
Master |
09-Apr-2013 10:46
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I will try to trace the news, if not mistaken it was contained in an SGX announcement concerning Mr. Tan CW being a subscriber (interested party and independent director) to the bond for $50 million for Contel.
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iluvboost
Master |
09-Apr-2013 10:46
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dont be too attached to the stock, treat it as a one night stand  
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terencee
Master |
09-Apr-2013 10:45
Yells: "I don't entertain trolls." |
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Well said.   For me I'm looking at RTO to push price up for now. If I were to long, its definitely on the good business prospects. I have put some cash into this counter for future prospects. But will let go part of my holdings just because of RTO.  
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Huatahearnmoney
Senior |
09-Apr-2013 10:43
Yells: "Rich is ruthless, share the wealth ,share your insider news!" |
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Your post makes a lot of sense. This is very impt. We are purely speculating that if this goes true, the shares will go up. But on the other hand, we are investing on the hope that yuuzoo inject money and this company will have a huge   opporunity ahead. What I see now is that shortist are making life difficult for this counter today.  
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rotijai
Supreme |
09-Apr-2013 10:40
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i just wanna highlight the mistake that many are making.. including myself when u are speculating, admit (to urself) that u are speculating... and it's high risk take the profit/loss based on the outcome.. for this case, most are speculating that the RTO will push up the price, which it did.. but got fried down now.. now.. whether u wanna hold or not, u are still speculating... cause u bought speculating that RTO will push the price up.. not because the business is good and it's worth to grow ur $ in this counter.. sry if i offend some of u.. especially in this hard times.. but it's good for self assessment sometimes
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iluvboost
Master |
09-Apr-2013 10:40
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which director will put 50million?  this stock is run by the big boys, purely speculative. such news are to shake retailers. flush down. personally im not sure whether it will climb to its original 2 heights. 
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1963411
Member |
09-Apr-2013 10:36
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No way that the price is not going to bounce back by end of today.   Unless the RTO deal is really not going through (which I don't think so). I don't have crystal ball or nothing. Just personal observation... We shall see. Those who suffered contra loss, take care. I am one of those too. Now is the opportunity to re-enter, if you believe that the RTO is going through. Someone has said earlier in this forum, buy from the fearful, sell to the greedy!   |
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Bopanha
Master |
09-Apr-2013 10:35
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That was last year's conditions summarized.   I think one director is putting in some money to the tune of a total $50 million.   This was in the announcement, thus the old news should give way to the new news.   Bite the bullets to huat arg!!!.  
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srichipan
Master |
09-Apr-2013 10:31
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That is expected to be announced this Friday? | ||||
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srichipan
Master |
09-Apr-2013 10:30
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Hmm. It's amazing how one statement can make people forget about the RTO that is ex
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Bopanha
Master |
09-Apr-2013 10:27
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Hi bro, but if they shorted on borrowed shares, they could wait quite long since they are now in huge profits.
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srichipan
Master |
09-Apr-2013 10:25
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Really? I always it's bad to unload near the end of a sell-down. Short sellers got open positions. They need to buy back one day.
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rotijai
Supreme |
09-Apr-2013 10:25
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i am not an auditor.. nor a professional account either.. Without qualifying our opinion, we draw attention to Note 2.2 to the financial statements. The Group incurred a net loss of US$1,121,000 and net cash used in operating activities of US$556,000 for the financial period from 1 April 2012 to 31 December 2012. Furthermore, the Group’s and the Company’s current liabilities exceeded current assets by US$1,090,000 and US$1,347,000 respectively as at 31 December 2012. The Group is reliant on its existing cash and bank balances for its continuing operations which show a balance of approximately US$138,000 as at 31 December 2012. These factors indicate the existence of a material uncertainty which may cast significant doubt about the Group’s and Company’s ability to continue as going concerns. The ability of the Group and Company to continue as going concerns is dependent on the Group’s ability to generate cash inflows from its existing operating activities and to raise additional funds from investors. pls look at the words underlined.. i suppose the auditors wont make up the numbers... which good company will allow their cash balance to be only US$138k? that's like less than my personal account... i am not creating panic.. i didnt short either.. i never bother to study its TA... it's possible like u guys say.. because of RTO effect it might chiong.. just rmb.. u guys are speculating.. not investing.. (unless u tell me u think it's perfectly fine to invest in a company who has such a low cash at hand....) |
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