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OCEANUS (No.1 in abalone farming): Venturing into
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xing78
Elite |
31-Mar-2013 14:55
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AwakenTide
Member |
31-Mar-2013 11:23
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Thx :) vested for the same reason too.
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teeth53
Supreme |
31-Mar-2013 10:27
Yells: "don't learn through life, learn to grow with life " |
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" intention of investment is to give financials support for the company" - (rather then to keep asking public for more $.) To bring what big stake (BBs) believing in, what their $ vest in will give them a reasonable return, their trust n foresight will solely depend on the new management, run by Dr Ng team (the owner himself) and with the new auditor. |
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teeth53
Supreme |
31-Mar-2013 10:15
Yells: "don't learn through life, learn to grow with life " |
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" warrants will somehow appreciate...(note, Warrant shr appreciate only when someday mother shr appreciate) | ||||
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AwakenTide
Member |
31-Mar-2013 09:37
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That's right master :) thx to shed the light. It might serve the purpose to help Oceanus in a direct manner. The warrants will somehow appreciate in value to benefit the investors.
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Bopanha
Master |
30-Mar-2013 17:12
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Simple. Buying from the market entails queuing and brokerages that do not benefit the company. Furthermore it creates uncertainty in the overall $ value of the investment. Additionally, the company does not receive the money when you buy from the market. The intention of investment is to give a support to the financials of the company and not outside concerns. Thus the reason why some investors prefer to support the company and not the market. Naturally the market will take care of itself when the company makes use of the money to make money. Hope it is understable. Cheers.
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guoyanyunyan
Elite |
30-Mar-2013 14:19
Yells: "uncertainty always exist" |
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... without detail of the 5 Apr 2012 Agreement... may not able to figure out why .... ... since these investors do so ... it may imply that they are confidence the share price can go above $0.072..??...
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AwakenTide
Member |
30-Mar-2013 12:28
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It may be strategically tricky for us to understand :) in short , i strongly believe Oceanus will instinctive to appreciate from the move. | ||||
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AwakenTide
Member |
30-Mar-2013 00:31
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Found this brief explaination about warrants - 'For investors, the uses of warrants are very similar to put and call options. Parties interested in investing in warrants include speculators looking to make bets on stock price movements as well as hedgers. In exchange for an up front cost, also known as the warrant premium, the buyer of a call warrant can profit on large upward movements in stock prices while limiting their downside. The maximum the buyer of a warrant can ever lose is the warrant premium (the price of a warrant). Theoretically however, the upside to a call warrant is infinite.
A quick example: You pay $5 to buy a European call warrant entitling you to purchase one share of Company Z (current share price $90) at a strike price of $100 in exactly one year. At the end of one year: If the stock price is at $50, your warrant expires worthless and you lose $5. Compare this to actually buying the stock, in which your loss would have been $40. If the stock price is $150, you exercise the warrant, paying the $100 strike price in return for one share of Company Z, in which your total gain would be $45. Compare this to actually buying the stock, in which your gain would have been $60.'
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vw2796
Senior |
27-Mar-2013 21:32
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actually i don't quite understand why would anyone pay $0.072 to exercise the warrant when they can buy from mkt < $0.06?? any insights? |
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Bigwinner
Member |
27-Mar-2013 15:45
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Fake high wall was created at $0.06 since this morning to make people feel the share price won't go beyond that and lure them to sell low. Beware !!!! | ||||
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kingkongdotcom
Member |
27-Mar-2013 09:32
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Selling queue at 0.06 is huge. Many people stuck there waiting for breakeven or is a fake wall | ||||
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vw2796
Senior |
27-Mar-2013 08:38
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HUAT AH! OCEANUS GROUP LIMITED (Incorporated in the Republic of Singapore under Registration Number: 199805793D) 61 Robinson Road, #10-01 Robinson Centre, Singapore 068893 Tel: +65 6837 0568 Fax: +65 6837 2660 ALLOTMENT AND ISSUE OF AN AGGREGATE OF 80,888,625 NEW ORDINARY SHARES IN THE ISSUE AND PAID-UP CAPITAL OF THE COMPANY PURSUANT TO THE EXERCISE OF WARRANTS BY THE STRATEGIC INVESTORS Unless otherwise defined, capitalised terms used in this announcement shall bear the same meaning ascribed to them in the circular to the shareholders of the Company dated 22 June 2012. The Board of Directors (the “Board”) of Oceanus Group Limited (the “Company”) refers to: (a) the loan agreement dated 5 April 2012 between the Strategic Investors and the Company for a cash term loan of S$5,823,981.00 (the “Strategic Investors Loan Agreement”) and (b) the warrant subscription agreement dated 5 April 2012 between the Strategic Investors and the Company for 80,888,625 Restructuring Warrants (the “Strategic Investors Subscription Agreement”) The Board wishes to announce that on 20 March 2013, and pursuant to the terms and conditions of the Strategic Investors Loan Agreement and the Strategic Investors Subscription Agreement, the Strategic Investors have exercised an aggregate of 80,888,625 Restructuring Warrants as follows: Name of Strategic Investor Loan Amount (S$) Number of Restructuring Warrants Issued under the Strategic Investors Subscription Agreement Number of Restructuring Warrants which were Exercised Number of Shares issued Percentage of issued and paid up Shares in the enlarged share capital(1) Ngan Tang Joo 4,757,839.76 66,081,108 66,081,108 66,081,108 2.51% GIT PRE-IPO Private Equity Fund SPC acting for the account of Nature Resources Segregated 1,066,141.24 14,807,517 14,807,517 14,807,517 0.56% Portfolio (“GIT”) Total: 5,823,981.00 80,888,625 80,888,625 80,888,625 3.07% Notes: (1) Based on an aggregate of 2,636,189,528 issued Shares (excluding treasury shares) following the completion of the allotment and issuance of the New Shares. Payment of the aggregate exercise price of S$5,823,981.00 for the exercise of the Restructuring Warrants was made by way of extinguishing the principal loan amount of an equal sum of S$1,066,141.24 owed by the Company to GIT and S$ 4,757,839.76 owed by the Company to Mr Ngan Tang Joo respectively under the Strategic Investors Loan Agreement. An aggregate of 80,888,625 new Shares (the “New Shares”) in the Company were allotted and issued to the Strategic Investors on 26 March 2013. The New Shares rank pari passu in all respects with the existing Shares of the Company. The New Shares will be listed and quoted on the Official List of the Main Board of the Singapore Exchange Securities Trading Limited with effect from 9.00 am on or around 2 April 2013. Following the completion of the allotment and issuance of the New Shares, total number of issued Shares in the Company (excluding treasury shares) after the allotment is 2,636,189,528. The total number of outstanding warrants in the Company as at 26 March 2013 is 894,209,296. BY ORDER OF THE BOARD Ng Cher Yew Executive Chairman 26 March 2013 |
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Bopanha
Master |
25-Mar-2013 13:37
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Naturally, if I were to be a bb fund or equity management person, I will think of abalones breeding same like breeding salmons for sale in every market that eats these seafood and fish. Potential to reap very good returns when you have the right people running the business. I think Oceanus is currently on a right direction and many investors are really putting their money with the calculations they are confident with.
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teeth53
Supreme |
25-Mar-2013 12:47
Yells: "don't learn through life, learn to grow with life " |
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Interest by BBs vested stakes holders, above 7.2c ++, will keep Oceanus n it abalones growing and becoming more valuable...(think so)
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teeth53
Supreme |
25-Mar-2013 12:42
Yells: "don't learn through life, learn to grow with life " |
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Posted by Awaken - " Big stakeholders still holding it at low 7.2c and high 20c a piece in millions of shares." Oceanus 5-6c is a passing phase, able to make the price more valuable, that after going through disastrous mgt fiasco. Once, depend on your own TP...Should be climbling forward 6c++ to 8 c...based on expecting better result YoY, coming this Qs
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ballball
Master |
25-Mar-2013 12:13
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Uncle ti, any target price? | ||||
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teeth53
Supreme |
25-Mar-2013 12:12
Yells: "don't learn through life, learn to grow with life " |
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All in safe hands, BBs did run away even after putting up with shortist.... Huat...arch.
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teeth53
Supreme |
25-Mar-2013 12:11
Yells: "don't learn through life, learn to grow with life " |
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Ooop....i mean BBs didn't run away
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teeth53
Supreme |
25-Mar-2013 12:08
Yells: "don't learn through life, learn to grow with life " |
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All in safe hands, BBs did run away even after putting up with shortist.... Huat...arch.
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