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E-waste recycler
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specuvestor
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20-Sep-2007 13:30
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Eddie from Equation had said 2 days ago that its about 39% share will remain. This guy is the operational man and he should know better, not that Fatty, Choo & company. I hope Eddie is reliable as he had been - in terms of expanding in Europe, USA, getting the internal controls certified, etc. He did mention something about "hoping to finally see some decent profits next year" in his Metech acquisition announcement. Let's hope so and this stock will surely fly? At this point, market up or down is not as impt as a good announcement from the company - new contract, new permit to import e-waste etc. |
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Yangkwan
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20-Sep-2007 11:17
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I think Choo will stop dumping if share price drops to 8 cents & below, since he bought 300 million shares at 7.7 cts, or he will lose money. After dumping 18.8 million he still got 281.2 million shares to dump now until price at 8 cts.and below. Problem is there are at least 2 more giants with a lot more shares to dump even at 8 cts because they bought much cheaper and much earlier - and if they continue to dump then the 8 cts resistance level is no more realistic - hard to guess how low price will drop , to 5 cts to 3 cts ??? Better to watch at least until the dust settles. On the other hand price may move up to 9 or 11 cts, who really knows??? It is like trying to fly a plane blind-folded. |
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oldtimer
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20-Sep-2007 11:03
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Might head towards the 6 cents level..... don't be surprised. |
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Centaur
Veteran |
20-Sep-2007 10:58
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going underwater.... who would have thought saviour becomes villian. Anyway, all is not lost yet. Choo still got more than 200over million shares, if he continue to hold, then there might be a chance for this counter to turnaround |
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jackjames
Elite |
20-Sep-2007 10:55
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nothing is for sure one la... but i found that he is more like a "reverse-type" nickyng, doing contra, 18800 lots, say he lets go at 0.09 , (0.09-0.077) *18800 lots , that is handsome HDB 4 rooms flat SGD 244K in just 24 hours, err... why not? |
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Yangkwan
Member |
20-Sep-2007 10:42
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When Choo bought 300 million shares I was so sure now centillion got new hopes. But 3 days later, 17 Sept, he also dumped 18.8 million shares and make about $150k cool profit (guestimates based on mkt price 8 to 8.5 cts) I am no more sure about centillion's future. If they keep dumping like this how can it be good for the company? Why no substantial shareholders want to be a real leader & talk about business vision or growth or even if new big customers or new big contracts have been secured by centillion lately ??? Otherwise centillion where got enough cashflow or revenue to survive??? And in the meantime they continue to party , buy and dump, buy and dump??? |
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gho485
Senior |
20-Sep-2007 09:43
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The rich gets rich in a qucik way. Choo, is making fast big bucks within a day. How good can that be? i will be very spectacle to enter this for now until proven otherwise. For those who are keen, trade with extra care.. |
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Pension
Elite |
19-Sep-2007 20:01
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zhuge liang, si liao, anchor man oso sell share, I must let go few million 2 more row. |
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zhuge_liang
Supreme |
19-Sep-2007 19:56
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Choo sold 18.8m shares today for some quick gains. |
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zhuge_liang
Supreme |
19-Sep-2007 16:32
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Choo Yeow Ming purchase of 300m shares at $0.077 is a 6.75% stake. |
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specuvestor
Member |
19-Sep-2007 09:07
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Centillion will catch up now. Having removed the BIG uncertainties of that BIG share dumpster and BIG Fed cut, it can only go up - BIG! |
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blackie
Member |
18-Sep-2007 21:55
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alamak...already sold the shares at a lost... |
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Pension
Elite |
18-Sep-2007 21:18
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look like centillion has another anchorman, cheong ahhhhhhhhhhh |
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Pension
Elite |
18-Sep-2007 21:06
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gho485, choo yeow ming Business Times - 29 Aug 2007 Seatown reborn as ASI funeral and cemeteries operator By CONRAD RAJ PRE-CAST concrete manufacturer Seatown Corporation will resume life as a funeral and cemeteries operator, catering to the rich and middle class, on Sesdaq tomorrow. Its shares, which have been suspended since May 22, 2002, will be traded under the name Asia-Pacific Strategic Investments (ASI) following a reverse take-over by Malaysian parties earlier in the year. ASI is developing a 40-hectare site owned by Pribena Construction in Semenyih Hill, just outside Kuala Lumpur, into a memorial park with embalming facilities, memorial service halls, columbaria and non-Muslim cemeteries. While the development and construction works are still ongoing and will be carried out in several phases over 5-8 years, internment is expected to be carried out from the end of this year. ASI also intends to develop Semenyih into a centre of learning and training of professional bereavement care providers. The company then plans to develop and operate similar parks and columbaria throughout Asia, especially in China, Vietnam and Indonesia. It said it is currently in negotiations to acquire and collaborate with an Indonesian party to develop a memorial park in Jakarta and has engaged a consultant for the project. ASI's chairman and chief executive Choo Yeow Ming said: 'We want to design and provide facilities throughout Asia like those in the West and Japan where they even provide recreation, and not places to be feared.' Seatown has a long and troubled history as it began life as Pacific Can, culminating in its placement under the judicial management of accountant and deal maker Nicky Tan, who after several failed attempts to get a white knight or inject new businesses into the company, met up with Mr Choo and got him to invest in the company. Under the reverse takeover terms, Mr Choo and executive director Heng Aik Koon will end up with 32.63 per cent each of ASI, which has a paid-up capital of $100 million divided into 500 million shares, with non-executive director Faizal bin Ahmad Stalin owning 16.18 per cent. Former Seatown shareholders will own 3.23 per cent, its judicial manager 3.57 per cent, E2-Capital Investment 4.04 per cent and Seatown's creditors 4.2 per cent. For the financial year ended Sept 30, 2006, Seatown suffered a loss of $9.14 million compared with $5.93 million the year before while revenue rose 8 per cent to $3.94 million from $3.65 million. Its last traded price was 3 cents but the judicial manager's effective price for his stake in ASI was 46 cents a share |
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gho485
Senior |
18-Sep-2007 20:53
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Wow..who is this guy? Anyone has any background reference? keen to share? |
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Pension
Elite |
18-Sep-2007 20:34
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sub holder who bought 300,000,000 is choo yeow ming. average price is 0.77 cents. this guy is somebody. |
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Pension
Elite |
18-Sep-2007 18:56
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the lowest it can go is 0.08 cents. anything beyond 0.08 cents is a good buy. |
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specuvestor
Member |
18-Sep-2007 16:42
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Manikamaniko, will it be "short term gain, long term loss" for you? I guess you will know better next week. |
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Manikamaniko.
Master |
18-Sep-2007 13:31
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I had queued to buy Centillion @ .105, but later withdrew the order on gut feel... |
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smartrader
Elite |
18-Sep-2007 09:46
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As long as Eddie Chng does not dump shares, it is alright. He is the man running the business. |
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