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m0shii Member	06-Oct-2009 16:53        m0shii About Contact  Quote this Post!
x 0   x 0  Alert Admin	any good news for this company....seems bottom for so long
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keepnosecrets Master	06-Oct-2009 14:45        keepnosecrets About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is the company doing?  Chartwise seems like bootoommed. ROI25per      ( Date: 29-Sep-2009 10:10) Posted: if ceo dun do anything , below 10 this week. shit.
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ROI25per Master	06-Oct-2009 14:24        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	10.44 shld be the target or below if u r thinkin
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ROI25per Master	06-Oct-2009 11:07        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	completed the $2.5m conversion, last price was 10.44c   PROPOSED ISSUE OF 1% UNSECURED EQUITY-LINKED REDEEMABLE STRUCTURED NOTES DUE 2014 BY THE COMPANY TO ADVANCE OPPORTUNITIES FUND All capitalized terms used and not defined herein shall have the same meanings given to them in the announcements dated 30 March 2009, 11 May 2009, 2 June 2009 and 16 September 2009 (the “Announcements”). The Board of Directors (the “Board”) of Transcu Group Limited (the “Company”) refers to the proposed issue by the Company to Advance Opportunities Fund (the “Subscriber”) of one per cent. unsecured equity-linked redeemable structured notes due 2014 (the “Notes”) with an aggregate principal amount of up to S$80 million (the “Proposed Issue”), and the Announcements made by the Company in connection with the Proposed Issue. The Company wishes to announce that the Subscriber has exercised its right to convert an aggregate principal amount of S$250,000 in respect of the first sub-tranche Tranche 1 Notes at the Floating Conversion Price of S$0.1044. The Floating Conversion Price is based on 90% of the average of the five consecutive closing prices per share of the Company on 24, 25, 28, 29 and 30 September 2009, as traded on the SGXST, and in accordance with the terms and conditions of the Subscription Agreement dated 30 March 2009. To date, the aggregate amount of S$2,500,000 in respect of the first sub tranche of Tranche 1 Notes has been fully converted by the Subscriber. The aggregate number of new shares allotted to the Subscriber is 2,394,636 ordinary shares in the capital of the Company (the “Conversion Shares”). The new ordinary shares arising from the conversion of the Notes in aggregate do not exceed 50% of the share capital of the Company. Subsequent to the allotment and issuance of 2,394,636 Conversion Shares to the Subscriber, the Conversion Shares will be listed and quoted on the official list of the SGX-ST with effect from 9.00 a.m. on 6 October 2009. Shareholders should take note that the in-principle approval from SGX-ST is not to be taken as an indication of the merits of the Conversion Shares, the Proposed Issue, the Company, its subsidiaries or their securities. None of the Directors or substantial shareholders of the Company have any direct or indirect interest in the Proposed Issue.
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Fishcake Member	01-Oct-2009 09:29        Fishcake About Contact  Quote this Post!
x 0   x 0  Alert Admin	this coy price is so low, a potential for any M&A....this is personal opinion...
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derekchong Veteran	01-Oct-2009 09:07        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	today cheong already. go, go higher
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derekchong Veteran	30-Sep-2009 20:46        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	latest converted px $0.1098. getting cheaper and cheaper.
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ROI25per Master	30-Sep-2009 11:37        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	the fund keep getting cheaper pricing, 11.25c. where is the low???   The Board of Directors (the “Board”) of Transcu Group Limited (the “Company”) refers to the proposed issue by the Company to Advance Opportunities Fund (the “Subscriber”) of one per cent. unsecured equity-linked redeemable structured notes due 2014 (the “Notes”) with an aggregate principal amount of up to S$80 million (the “Proposed Issue”), and the Announcements made by the Company in connection with the Proposed Issue. The Company wishes to announce that the Subscriber has exercised its right to convert an aggregate principal amount of S$500,000 in respect of the first sub-tranche Tranche 1 Notes at the Floating Conversion Price of S$0.1125. The Floating Conversion Price is based on 90% of the average of the five consecutive closing prices per share of the Company on 18, 22, 23, 24 and 25 September 2009, as traded on the SGXST, and in accordance with the terms and conditions of the Subscription Agreement dated 30 March 2009. To date, an aggregate amount of S$1,250,000 has been converted by the Subscriber, leaving an outstanding balance of S$1,250,000 in respect of the first sub-tranche of Tranche 1 Notes yet to be converted. The aggregate number of new shares allotted to the Subscriber is 4,444,444 ordinary shares in the capital of the Company (the “Conversion Shares”). The new ordinary shares arising from the conversion of the Notes in aggregate do not exceed 50% of the share capital of the Company. Subsequent to the allotment and issuance of 4,444,444 Conversion Shares to the Subscriber, the Conversion Shares will be listed and quoted on the official list of the SGX-ST with effect from 9.00 a.m. on 30 September 2009.
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ROI25per Master	29-Sep-2009 10:10        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	if ceo dun do anything , below 10 this week. shit.
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ROI25per Master	29-Sep-2009 08:59        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	fund will keep on depressing the price so that more shares can be converted, i think. so where is the bottom for tis bugger? 10c,  5c???
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ROI25per Master	28-Sep-2009 16:22        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	if 5 days ave is 11, then 90% of 11 = 9.9c if 5days ave is 11.5, then 90% of 11.5 =10.35c the fund really smart.
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ROI25per Master	28-Sep-2009 14:28        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	when / where is the bottom ; pple threw 2.31m @ 11.5c 14:27:08 0.120 1,258,000 X 14:22:24 0.110 60,000 Sell Down 14:10:21 0.115 20,000 Buy Up 14:01:17 0.115 30,000 Buy Up 14:00:58 0.110 50,000 Sell Down 12:21:43 0.115 120,000 Buy Up 12:18:06 0.115 50,000 Buy Up 12:09:24 0.115 20,000 Buy Up 12:07:58 0.115 50,000 Buy Up 12:06:00 0.115 20,000 Buy Up 12:03:33 0.115 100,000 Buy Up 12:02:54 0.115 5,000 Buy Up 12:02:20 0.115 2,310,000 Sell Down 11:41:04 0.120 10,000 Buy Up 11:30:41 0.120 10,000 Buy Up 11:27:07 0.115 50,000 Sell Down 11:20:30 0.120 10,000 Buy Up 11:08:41 0.120 20,000 Buy Up 10:57:44 0.120 25,000 Buy Up 10:56:31 0.120 30,000 Buy Up 10:54:38 0.120 50,000 Buy Up 10:52:47 0.120 100,000 Buy Up 10:43:38 0.120 30,000 Buy Up 10:22:35 0.120 20,000 Buy Up 10:20:35 0.120 39,000 Sell Down 10:20:31 0.120 61,000 Buy Up 10:20:23 0.120 145,000 Buy Up 10:20:16 0.120 70,000 Buy Up 10:18:38 0.120 40,000 Buy Up 10:18:07 0.120 100,000 Buy Up 10:12:41 0.120 100,000 Buy Up 10:10:33 0.120 129,000 Buy Up 10:09:50 0.120 100,000 Buy Up 09:45:57 0.120 10,000 Buy Up 09:19:05 0.120 50,000 Buy Up 09:17:44 0.120 20,000 Buy Up 08:59:02 0.120 175,000 Buy Up Slingshot Server dead or Java not enabled.
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ROI25per Master	28-Sep-2009 11:56        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	still dun see bloodshed yet? i like this passionate ceo...
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ROI25per Master	28-Sep-2009 10:49        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	close 11.5 today? buy towards year end or beginning next year will be good??????
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gregorsamsa Member	24-Sep-2009 12:23        gregorsamsa About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	If they (Advance Opp Fund) slowly sells at current price of about 12 cents, they still make a profit. People who believe that 12 cents is a time to accumulate may unknowingly buy what is being sold by Advance Opps. It is in Transcu CEO's interest to bid up the closing day price, if not, more shares will be converted to Advanced Opp at the lower price. Right now, we do not know if Advance Opp wishes to take control of the company eventually. By right, it cannot own more than 50% of the company based on the notes agreement. The notes are "toxic" because, in my opinion, the formula for calculating the conversion price more dilutive than for Convertible Bonds. 90% of the average 5 day closing price. It means that the creditor will make money no matter what. And when it cashes out the shares it owns from the conversion, through selling in the open market, more shares will drive down the demand for Transcu's share and hence price. On the theoretical level, there is already share price dilution. Unless Transcu can find someway to grow its earnings exponentially, EPS will keep falling with each tranch of conversion. Hence that "toxic" downwards spiralling effect.
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derekchong Veteran	24-Sep-2009 12:05        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	just convert cannot push up yet. dun worry they will push up the px and make profit.
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waverly Member	24-Sep-2009 11:51        waverly About Contact  Quote this Post!
x 0   x 0  Alert Admin	can tell me why this is toxic? if advance converts at 0.114 shdnt they want the px to rise as high to profit from this deal
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ROI25per Master	24-Sep-2009 10:20        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	this remind me of Genemedix; from few dollars to 20-30 cents...... to 10-20cents..... to below 10cents.... and then consolidation 10:1 .... finally delisted to other mkt
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ROI25per Master	24-Sep-2009 10:14        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	dunno whether is it aof selling 10:07:09 0.120 5,000 Sell Down 09:55:19 0.120 180,000 Sell Down 09:46:28 0.120 4,000 Sell Down 09:45:37 0.120 1,500,000 Sell Down 09:32:14 0.125 40,000 Buy Up 09:31:38 0.125 30,000 Buy Up 09:29:25 0.125 40,000 Buy Up 09:08:48 0.125 50,000 Buy Up 09:08:23 0.120 5,000 Sell Down 09:04:31 0.125 80,000 Buy Up
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ROI25per Master	23-Sep-2009 22:12        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	initially placement shld have gone ahead but at the end never happen b'cos ceo said it is dilutive to existing shareholders. now tis notes even more dilutive and share price damaging.  $500,000 get 500000/0.117 =4,273,504 shares instead of 500,000/0.38 =1,315,789 shares   if tis fund sell @ 12 , they still make profit for the 4m shares which may cause weak holders to get out causing more selling and in the end the fund can get even more cheaper share. bad....      Company to raise additional funds of $95 million 􀂃 via placement of 250 million new shares 􀂃 At S$0.38 per share
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