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Oceanus major business model restructure
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happyharvest
Elite |
25-Jan-2017 20:50
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buy more oceanus abalone lor and give it to your relatives and family
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NoMoney
Master |
25-Jan-2017 19:47
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hai cannot harvest my abalone happily liao zzzzz wnet up 0.008 tot got change to break 0.01 zzzz
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happyharvest
Elite |
25-Jan-2017 19:43
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the CEO is trying to turn the smelly abalone into a good one. haha
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Wind22i
Supreme |
25-Jan-2017 19:39
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Both the smelly abalone & good one is thrown to the drain.
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happyharvest
Elite |
25-Jan-2017 13:55
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same thoughts but it may still be possible to drop there depends on situation. The CEO has to defend the share price if it wants it to appreciate further
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BrotherHuat
Member |
25-Jan-2017 13:17
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With the current market momentum it is not likely that both parties would want the share price to back track. For the restructuring of debt exercise to be meaningful, Both parties would want the share price to fast forward i.e. the debtors would have a head start on the 0.00395cts on the debt conversion share price. I maybe wrong but the price surge before Halt is a selling point to negotiate the deal I guess. GOOD LUCK!!! |
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Wind22i
Supreme |
25-Jan-2017 12:49
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Wait for it to drop below S$0.00395
Now the abalone very smelly.. |
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jonmark
Member |
25-Jan-2017 12:36
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" wanted to make money and not just taking their cash back and cut loss " i think you hit the bullseye there. Lets hope that it will be a good 2017!
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BrotherHuat
Member |
25-Jan-2017 12:10
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Everyone holding on to this counter wanted it to go up and more so for the Bosses and Debtors. Otherwise how can they recoup their money? More importantly, they also wanted to make money and not just taking their cash back and cut loss. They have timed the announcement of their re-structuring just before CNY so that Oceanus can have a good start in the year of the Rooster.Let' s be positive and eat more Abalone!!! " Bao Yu" in Chinese is Guaranteed Excess!!! |
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HuatHuat88
Member |
25-Jan-2017 12:01
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Smelly abalone hahaha | ||||
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happyharvest
Elite |
25-Jan-2017 11:33
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Price will only go up from here unless they screw up their new strategy plan big time
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guards80
Supreme |
25-Jan-2017 11:20
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Oceanus: Begins New Year On Clean Slate, Signs Binding Term Sheet With Key Creditors To Advance With Debt Restructuring.25 Jan 2017 10:58
Oceanus to convert 76.4% of outstanding debt into new shares at S$0.00395 per share. Balance secured debt of S$20.0 million after conversion will cease to accrue interest from July 1, 2016. New investors will inject new funds of up to S$6.0 million into Oceanus... http://repository.shareinvestor.com/rpt_view.pl/id/78059a1da38f4ffa7eba0b33889bf4280aff52f1c761940564e021536ce8d491/type/si_news |
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happyharvest
Elite |
25-Jan-2017 11:12
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It seems like good news to me as they finally manage to find fund to pay their debts or postpone repayment of their debts |
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BrotherHuat
Member |
25-Jan-2017 11:09
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One Day Offer:- Abalone at 0.007cts. Buy some for CNY. |
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HuatHuat88
Member |
25-Jan-2017 10:22
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10.45 trading halt lifted |
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jonmark
Member |
25-Jan-2017 10:21
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This thread gonna be lively ! |
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BrotherHuat
Member |
25-Jan-2017 09:51
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Think positive. CNY is just round the corner and debtors would not dump their shares at the start of a penny rally. |
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happyharvest
Elite |
25-Jan-2017 09:32
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Wondering query what
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happyharvest
Elite |
25-Jan-2017 09:31
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Do u want to change your mind?
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rotijai
Supreme |
25-Jan-2017 09:30
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for thoese interested, please read their financial statement for the past few quarters... why makes the financial statement a joke? lesser revenue but higher cost? what type of management is this? if you do not have the capability to sell more, at least you know how to spend less? this applies to many other small smelly chips.. you can just read up their financial statement.. it' s even a greater joke than this halt unhalt thingy.. my apologies to those who bought.. i do not intend to flame you. just a word of cautioun |
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