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Goldtron Rights Issued
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superboy
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15-Jun-2007 09:21
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The price of Goldtron is going to move up very fast now....There are so many lots queue at 4cts.... Once the Sino agreement is signed to sell radiance shares and the rights issued for new shares is done, the price of goldtron is going to move up very fast as the debt owing to creditors would be cleared and the perceive value of this share is much higher than the current 3.5cts only. If you have checked the price of all the rest of the shares, you would observe goldtron share price is so cheap. 1000 shares is only $35 dollars. Cheaper than buying 4 movie ticket ($36) on weekend. |
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superboy
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12-Jun-2007 16:08
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uychan12, Please see the published write issued on 10 May 2007. I observe that there are heavy collection at 0.3 cts and 0.35 cts. it is very unusal. All these fund managers always push the price down than buy in alot and later push the price up, and they earn huge profit. GOLDTRON LIMITED (the ?Company?) (COMPANY REGISTRATION NUMBER: 196200234E) PROPOSED NON-UNDERWRITTEN RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,631,468,525 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY (?RIGHTS SHARES?) AT AN ISSUE PRICE OF S$0.015 FOR EACH RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING SHARE HELD BY SHAREHOLDERS OF THE COMPANY AS AT A BOOKS CLOSURE DATE TO BE DETERMINED, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED, TOGETHER WITH UP TO 1,315,734,263 FREE DETACHABLE WARRANTS ("WARRANTS"), EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR 1 NEW ORDINARY SHARE IN THE CAPITAL OF THE COMPANY (?NEW SHARES?) AT AN EXERCISE PRICE OF S$0.015 FOR EACH NEW SHARE, ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED FOR (THE ?PROPOSED RIGHTS ISSUE?). |
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uychan12
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11-Jun-2007 23:23
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Something is brewing. Goldtron has been supported at .035 and the que to buy is higher than sell which is unusual. Goldtron is raising money by selling Radiance shares. Today buy up has been healthy. Someone is trying to depress it to 0.03. I am curious. |
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miyagiz
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10-Jun-2007 21:13
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Rights issue is older news announced on May10... any comments on this and the recent one involvin Sino? |
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uychan12
Member |
10-Jun-2007 06:41
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Superboy, where do you hear the news about the rights issue by Goldtron. I search and search and wait and wait but nothing happen. If you have insider news, why is Goldtron issuing rights? For clearing of debt or expension? The latest news from sgx website is Put and Call option with Sino Fortune Union Investment Ltd. |
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iPunter
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05-Jun-2007 17:56
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Just to add to my post below... |
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Green8
Senior |
05-Jun-2007 17:26
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The fundamental now is not solid as explained by its debt. The issue of rights and warrants is an easy way to clear the debts. Whether the price will be going up still let BBs to decide. Short term it looks unlikely. |
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iPunter
Supreme |
05-Jun-2007 17:02
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Superboy... :) (red face) hahaha... |
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superboy
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05-Jun-2007 16:11
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Hi iPunter, I saw the last year May 06 news, Goldtron was in talk of take over. Why other said that it could become 20 times shares price if it is take over? After the Right Issued, the debts would be cleared, does that mean its share price would go up? |
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iPunter
Supreme |
05-Jun-2007 15:57
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When one buys, one should always buy at a good price (ie. cheap-cheap). |
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superboy
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05-Jun-2007 15:45
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Hi iPunter, Can elaborate? Why hard to get in? What similarity does it has compare to Digiland?? |
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iPunter
Supreme |
05-Jun-2007 14:57
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This is another stock that's hard to get in (just like Digiland) ...
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superboy
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05-Jun-2007 10:17
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Goldtron is issuing Rights Issued at 1.5cents to the current shareholder for 1 to 1 share. Currently the share price is 3 to 3.5 cents. Does that mean if we subscribe the Rights, we immeidately earn 50% of the share price?? Got such good thing? Anyone to share your advice? |
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