Post Reply
8901-8920 of 11116
IPCO coming very very soon
rentay ( Date: 03-Jan-2013 11:48) Posted:
|
I am wondering why IPCO management and directors did not push up the share price before allowing the note subscriber to convert so many notes into high vol of new shares? Very fishy.....
Anyone still buying? Shd query IPCO mgt why it keep allowing note conversion since it has the option to stop it. I will vote against the appointment of current directors during the next AGM.
you are not far off for this one. there is on 50K sgd balance to convert the 2,500,000 shares. Then Ipco is thru to the roof.
Could it be misleaded information?
think2profit ( Date: 01-Jan-2013 17:11) Posted:
|
IPCO is the cheapest stock now based on price to NTA and PE ratio. Once the notes expires, it shd shoot up like what has happened to blumont!
buy more today at0.022 with my last week 0.021cts,,,,,,,,,,,yes slowly catch up blumon and inoopac,,,,,,,,,,,,,,,,,,,,,,soon,,,,,,,,,,,,
Happy New year! Happy 2013 for ipco..... lol
only $50k notes outstanding?
rentay ( Date: 29-Dec-2012 14:46) Posted:
|
As at 26 Dec 2012, the Subscriber has exercised its right to convert a total of S$15,950,000 of the Notes on hand. The converted Notes, with an aggregate principal value of S$15,950,000, were converted into 776,068,374 conversion shares. Following this conversion, the aggregate principal value outstanding in respect of the Notes is S$50,000 and the existing issued share capital of the Company has increased from 2,333,299,986 ordinary shares to 2,458,299,986 ordinary shares.(Extracted from http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_31F075684BBFBEDD48257AE2002C8574/$file/IPCO281212.pdf?openelement).
Its two core biz are also looking very bright now: Real Estate Dev in USA [via wholly owned subsidiary Asia Plan which owns large piece of land in Seattle] and Oil & Gas Biz in China [via Excellent Empire that supplies gas to households in 3 china cities and own a large piece of oil field to be developed].
Extract from WSJ dated 27 Dec 12:
Home Prices Hit a Milestone Growing Demand, Shrinking Supply Buoy Housing Market 'Tide Has Changed'
Home prices are on track to notch their first yearly gain since 2006, the strongest performance since the housing bust and a development that could accelerate the real-estate rebound even as the broader economy stutters.
The housing market's revival has had several false dawns in recent years, but a recovery that began in the spring has strengthened throughout the summer and fall. The latest confirmation came on Wednesday, when the Standard & Poor's/Case-Shiller 20-city index showed that prices rose by 4.3% from a year ago in October. Since January, prices are up 6.9% so far this year, the largest year-to-date ...
louis_leecs ( Date: 27-Dec-2012 23:05) Posted:
|
blumond and inoopac today closed at 0.255cts and 0.072cts,,,,,,,,,,,,so ipco going to announce in paper profit or sell to third party soon,,,,,,,,,,,,ipco going to kick off soon,,,,,,,,,,,0.024cts get ready to test test water,,,,,,,,,,,,and you will see mother follow two son the crazy ki qiao tuao qiong
Hi Choonmng,
Have you informed SGX? It seems that the fund has converted 275 million shares representing about 11.8% since May 2012. Since there is no announcement that it has become a major shareholder, it could have sold quite a bit away [at least 160 million shares] during the period.
choonmng ( Date: 27-Dec-2012 11:59) Posted:
|
Hi Isolator, You might want to raise to the BOD/IDs of IPCO why they should continue to issue notes now that they could easily raise $50 million cash by selling non-core financial assets, Blumont & InnoPac. Blumont's shares were issued to IPCO to settle outstanding AR and should be sold immediately as price has already gone up by 10 folds since the date of issue.
Btw, IPCO has the option not to proceed with further tranches according to its proposal dated Apr 17 2008
------------------------------------------------------------------
[Extract from Notes Doc] Option of Company not to proceed with further tranches after Tranche 1 Notes notwithstanding anything to the contrary above, save for Tranche 1 Notes, the Company has the sole discretion not to proceed with the issue of subsequent tranches of the Notes by electing not to exercise the Option.
Isolator ( Date: 26-Dec-2012 10:30) Posted:
|
or, just sit and wait for notes to expire in 2013.
Isolator wat are u thinkings?
2013 will be see the shine!! Enjoy...
btw, why should ipco continue to issue notes at all? Isn't it sitting on potential cash from shares it holds in two penny stocks, Blumont [165m shares?] and innoPac [200m shares]? Shouldn't it just sell them away since they are weak security and raise cash that it needs than issuing notes? Ipco's audit committee and independent directors should evaluate than leave to the BOD to continue issues note right???
It should be investigated... in case this allows any funds to short hey wire and profit huge without the risk of buy back since they can convert to shares and cover back,...
It seems to me that Adv Opp Fund has been converting at 2 cts and selling off at 2.1cts. Isn't it ipco benefitting just the fund and sacrificing shareholders? I believe the notes should have clause to adjust the term and condition, or the way it prices the notes, and ipco mgt should be able to exercise it??