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something brewing?
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AnthonyTan
Elite |
03-Apr-2012 14:48
Yells: "patience" |
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2,000,000,000 X 0.024 = $48 million Wow, wow, wow ????????? |
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tankuku
Master |
03-Apr-2012 14:45
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No reason for an investor to buy placement share at 343% higher than the current trading price. Do be careful it is a scam. Trade at your own risk. |
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HTSpider
Member |
03-Apr-2012 14:34
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2,000,000,000 (2 billion share) x $0.00699 (placement price) = $13.98 million. current price $0.024 = 343% higher than placement price. |
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ozone2002
Supreme |
03-Apr-2012 14:06
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white knight in the form of Sam Goi..dyodd cos he may play small investors out.. JEL Corp proposes to issue 2 billion shares to Sam Goi 
Sam Goi
Billionaire Sam Goi is set to become the No.1 shareholder of JEL Corporation, which has entered into an agreement to place out 2 billion new shares of JEL at 0.6999 cent a share. The placement will raise S$13.998 million for JEL which is currently on the watch-list of the SGX-ST. Among other things, the placement is meant to help JEL meet the criterion of market capitalization, with a view to be removed from the watch-list. If approved by shareholders, the placement will see Mr Goi's current stake of 14.99% soar to 57.75% of the enlarged issued and paid-up share capital of JEL. Such a massive issue of new shares will result in significant dilution for existing shareholders. Prior to the announcement of the share placement, JEL shares were active and shot up 57.1% last Friday to 1.1 cents. |
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tankuku
Master |
03-Apr-2012 09:27
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This company is being monitor by SGX and there is a possibilty of being delist . I am no confident company that is in the red. Do monitor and vest at your own risk. |
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ozone2002
Supreme |
03-Apr-2012 09:19
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this gem jumped a lot the past few days.. gd thing i stuck to Sam Goi being vested.. gd luck!.. turnaround for this ex scandal laden company.. |
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kenkhyang
Member |
21-Feb-2012 14:49
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hello everyone.. different ball game lah. Big boy invest, even got delist, company still around, still have inventories, current assests,property etc and they are still in the game when delist and still controlling. For small investors / fund managers, if delist,game over, even you hold few million share, also very little compare to 19** millions issued. Anyway big boy hold share cannot sell, if they sell few percent, the market panick. No different for them even if company list or delist. For small investors or even fund manger, if delist, oh No!!!!!! am i right.... I wish to be a big boy one day haha (dreaming) | ||
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Vivivie
Member |
19-Feb-2012 23:36
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There is a big risk in this counter, unless you understand very well the criteria for being removed from SGX watchlist. JEL is on the watchlist and it has up to next month to get itself out of it. The curious thing is that some BBs seem to be voting with their money that JEL will survive. I am not too confident about it even if this article says the BBs are happily putting $ on the table: JEL, PLASTOFORM: Big investors getting big in small caps |
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ozone2002
Supreme |
18-Feb-2012 11:17
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anyone else vested in this baby? | ||
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ozone2002
Supreme |
17-Feb-2012 09:02
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now 6c... bought @ 2c.. earn 3x..shiok!
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ozone2002
Supreme |
26-Apr-2011 16:25
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Watch out for this counter.. used to be Koh Boon Hwee's baby.. now read that Serial which is Sam Goi's baby is taking part of their profits to buy up JEL's debt so that both companies can synergise their efforts to tap on each others markets n expertise. This gem used to be 30+c..currently 2c..that's a 15 bagger in the making. gd luck |
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CHUAHY
Member |
09-Jul-2008 15:53
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Anybody can help to enlighten what happen to JEL Corp ? there is a sudden dive yesterday. Thanks. | ||
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knightrider
Elite |
09-Jan-2008 09:48
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After Sep '07 share suspended, finally the 1st report from KPMG is out. Go read this, it is interesting. I quote some from the report ! I just want everyone to be careful when investing, hope that I am not offending any law with this extract. FYI. JEL Corporation (Holdings) Ltd Report to the Audit Committee 7 January 2008 © 2007 KPMG Advisory Services Pte. Ltd. All rights reserved. The use of and reliance on this Report or any extract hereof is made subject to the express terms of our engagement. If you have been given or otherwise are in receipt of this Report or any extract hereof, you should inquire of the Company the terms of its use. KPMG shall not, in any circumstances whatsoever, save for those expressly set out in the terms of its engagement, be liable to any party for any loss and/or damage occasioned by the use, reliance on or illegtimate disclosure of this Report or any part hereof. 1.3.5.4 Some information or documents requested by us were modified before they were provided to us. 1.3.6 We were informed that certain employees and consultants of the Company were involved in the removal, alteration and deletion of certain data from the Company?s computer systems. We also found that specialised software had been installed and used which had as its function the permanent removal of ?deleted? data from the Company?s computer systems. 1.3.7 We are unable to ascertain the identities of such persons who performed or caused to be performed the deletion, alteration and/or removal of these records. |
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Salute
Master |
02-Oct-2007 11:57
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I wonder why is the calls off deal to buy 17% stake in mDR is a bad news, with not carry out the agreement of $4mil convertaible loan by JEL to mDR. I thought mDR itself is in such a bad shape. Is the chairman Tan who claimed to be health unfit something to do with this deal. Can someone explain it. Thank you |
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ngw050873
Member |
02-Oct-2007 09:27
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More bad news for JEL : resignation of Chairman Eric Tan. Reason for departure : Health reasons. "The Board of Directors of JEL Corporation (Holdings) Ltd (the "Company") wishes to announce the resignation of Mr Eric Tan Boon Yong as the Chairman and Executive Director with immediate effect, due to health reasons. Appropriate announcements on his replacement will be made by the Company in due course. The Board wishes to thank Mr Eric Tan for his invaluable support and contributions to the Company during his term of office. By Order of the Board Chan Shok Hing Company Secretary" Not too sure if "health" is the main reason in view of the current situation that the company is in....That's one of the favorite reason often cited (eg Abe's resignation as Japan PM)....think the share price will dive once the halt is removed.... |
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ngw050873
Member |
01-Oct-2007 09:40
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Announced by MDR and posted on SGX website on 1st October : TERMINATION OF THE AGREEMENTS ASSOCIATED WITH THE PROPOSED STRATEGIC INVESTMENT IN THE COMPANY BY JEL We refer to the SGXNET announcement dated 29 April 2007 in relation to the proposed strategic alliance between the Company and JEL. In view of the SGXNET announcement in relation to JEL (Announcement No: 00017) which was released on 28 September 2007 at 10.24 a.m., the Company and JEL have decided to mutually terminate all agreements in relation to proposed strategic alliance between the Company and JEL with effect from 30 September 2007. Things are really not developing well for JEL..... |
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knightrider
Elite |
01-Oct-2007 01:34
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This will definetly impact their business plan ! Liao ! Liao for this counter ! | ||
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ngw050873
Member |
28-Sep-2007 21:49
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Announcement posted on SGX website: With reference to the SGX?s announcement on 28 September 2007, the Company confirms that the trading in its shares has been halted by the SGX and that the Commercial Affairs Department has today requested the Company to provide documents and information, in connection with its investigations concerning the Company. The Audit Committee of the Company (?the AC?), was informed by the SGX on 14 August 2007, that it was in receipt of certain information relating to the financial affairs of the Company. On 17 August 2007, the AC commissioned and appointed KPMG Forensic, to conduct an independent review of the financial affairs and operations of the Company. KPMG Forensic commenced its independent review on 27 August 2007 and has informed the SGX and the AC that it has found certain irregularities, which require further review. KPMG Forensic has today also informed the AC that pending the completion of its review, it is not in a position to share its conclusions with the AC. The AC has accordingly informed the Board of this position. The Board and Management of the Company have extended and will continue to extend their fullest cooperation to KPMG Forensic and the Commercial Affairs Department, in their work. The Company will provide further updates when it is in a position to do so. This is not good....any comments on the potential impact? |
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ngw050873
Member |
28-Sep-2007 10:52
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trading halt pending announcement.....
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dinola
Member |
21-Sep-2007 10:46
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Does anyone know when we will receive the bonus shares? | ||
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