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chipchip66 Master	04-Oct-2006 15:37        chipchip66 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	May day! May day! Will someone pls put out the fire? OHL??
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tom999 Member	04-Oct-2006 15:13        tom999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those who short will be $loaded$
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tom999 Member	04-Oct-2006 15:13        tom999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those who short will be $loaded$
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chipchip66 Master	04-Oct-2006 15:03        chipchip66 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Looks like rebounding is unlikely, lets see how much it will end today!
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tom999 Member	04-Oct-2006 14:48        tom999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Got this : STOCKWATCH - Singapore's Citiraya falls on return, seen grossly overvalued      10/4/2006 11:25:00 AM  SINGAPORE (XFN-ASIA) - Shares in electronics waste recycler Citiraya Industries slumped when trading in them resumed after a 19-month suspension as the stock is considered grossly overvalued, dealers said. At 11.21 am, Citiraya was down 0.875 sgd or 81.02 pct at 0.205 compared to its pre-suspension price of 1.08. It was the most actively traded stock with a hefty 362.02 mln shares exchanged. The Straits Times index was up 1.54 points at 2,594.81. The trading resumption followed Citiraya shareholders' approval of a plan to restructure the company, which includes issuing and allocating 1.90 bln new shares, equivalent to 75 pct of its enlarged capital, to Equation Corp (formerly Heshe Holdings) and Oei Hong Leong Foundation for 16.01 mln sgd or 0.008485 sgd per share. "At the current price, market cap is about 500 mln sgd, which is outrageous. Fundamentally, the stock should be worth less than 0.10 sgd, " a dealer at a local brokerage said. "There is a lot of speculation now but I believe it will eventually drop to 0.10 sgd in a few weeks," he said. Trading in Citiraya was suspended in January last year at the start of a criminal investigation of senior officials of the company. Subsequently, its assistant general manager, Ng Teck Boon, was sentenced to eight years in prison for corruption. Ng was convicted in connection with a 1.82 mln sgd scam in which he bribed staff working with customers of Citiraya. The bribes were part of a ploy to divert unwanted electronic scrap to Citiraya so that the firm could resell it in other markets.
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mstycoon Member	04-Oct-2006 13:30        mstycoon About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Equation & OHL paid less than 1ct for each share ie 0.8cts.........
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chipchip66 Master	04-Oct-2006 13:15        chipchip66 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	70m shares done at 20c and below. Could rebound later!
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knightrider Elite	04-Oct-2006 12:18        knightrider About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	hi Nostradamus Elite , We should treat this as from zero starting and is a 1st day trading ! I still think your calculation is most accurate at 8.5c ($0.0085)and we can assume this is the initial par value and when diluted after post offering at $0.2, maybe it is reasonable to leverage around this level now ! What do the rest of you think. Please share your comments !
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scotty Senior	04-Oct-2006 12:10        scotty About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	wah liew eh... now below Equation
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Nostradamus Supreme	04-Oct-2006 11:54        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	It's not valuation. Equation and OHL paid $16.1m for nearly 1.9b shares. They've injected a few million more. So total around $20. That's around $0.10 per share.
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scotty Senior	04-Oct-2006 11:12        scotty About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	A sad sad fate to such a company.... many people going be a very depressed today. I hope nobody in Sharejunction affected badly.
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derekchong Veteran	04-Oct-2006 11:04        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	lower than Equation. Just cannot believe it.
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chipchip66 Master	04-Oct-2006 10:58        chipchip66 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	going below 21c liao!!!
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Nostradamus Supreme	04-Oct-2006 10:55        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Volume is HUGE. Going to break record of around 300m. Maybe hit 400m today.
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chipchip66 Master	04-Oct-2006 10:55        chipchip66 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	So if their valuation is 8.5c , shouldnt it trade around 10c ++???
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Nostradamus Supreme	04-Oct-2006 10:52        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Equation and OHL paid around 8.5 cents a share. Still made a big profit.
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teeth53 Supreme	04-Oct-2006 10:48        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	RED RED RED RED DAY for .......$0.19c liao
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teeth53 Supreme	04-Oct-2006 10:46        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Plenty of shortise here today ma-king alot of $$$. It is a king day for SHORTISE going for the killing in...... :)))>>>$$$$
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chipchip66 Master	04-Oct-2006 10:36        chipchip66 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	For those who short from 40c to 20c , wow can go starbucks drink kopi!!!
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teeth53 Supreme	04-Oct-2006 10:29        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Do some home work and find out at what px big boys bot into this stock before it open for business, then U will know even at this px. It is still very big, biggest profit to them.
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