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WanSiTong Supreme	21-Dec-2015 06:07        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	MEDIA RELEASE on 24 July 2015 QT VASCULAR OBTAINS FUNDING TO BOOST GROWTH THROUGH ISSUANCE OF UP TO US $ 13.14 MILLION CONVERTIBLE BONDS Highlights: Dr. Eitan Konstantino, Ph.D., Chief Executive Officer of QT Vascular said, " We are very pleased to receive this stamp of confidence from the Investors. Securing this funding would not only allow us to grow the business further but also to achieve greater value for our shareholders. Their investment in us reflects the confidence the Investors have in our products and our prospects. " The convertible bond investment will have an 18-month maturity period and can be converted into ordinary shares at S $ 0.128 per share. 3.1. Tranches The Bonds will be issued at 100.0% of the principal amount in three (3) tranches as follows: (A) the first tranche of US $ 5.475 million falling within three (3) business days from the date on which the first tranche conditions precedent stated in Section 3.3 below are satisfied (B) the second tranche of US $ 5.475 million falling within three (3) business days from the date on which the second tranche condition precedents also stated in Section 3.3 are satisfied (provided that the second tranche shall not apply in the event completion of the first tranche does not take place) and (C) at the sole option of each of the Investors, the third tranche of US $ 2.19 million falling within three (3) business days from the date of written notice by the Investors to the Company to subscribe for the same, provided that such notice shall be given no later than three (3) calendar months from the date of completion of the second tranche. The Bonds will be issued in registered form, will not be listed and are non-transferrable. 3.3. Conditions Precedent The obligation of the Investors to subscribe and pay for the first tranche Bonds is subject to the following conditions precedent: (A) at the closing date (i) all the representations and warranties of the Company set forth in the Agreement shall be accurate and correct and not misleading in all respects at, and as if made on, the closing date (ii) the Company shall have performed all of its undertakings or obligations under the Agreement required to be performed by it on or before the closing date (B) the results of the due diligence exercise being to the satisfaction of the Investors (at their sole discretion) (C) the Investors being reasonably satisfied that, on the closing date, there is no material adverse change occurring in the prospects, results of operations or financial conditions of the Company, or the Group taken as a whole (D) the approval of the Singapore Exchange Securities Trading Limited (" SGX-ST" ) for the listing and quotation of new ordinary shares in the capital of the Company (" Shares" ) on the SGX-ST arising from any conversion of the Bonds and all other consents, approvals and authorizations having been obtained by the Company and the same continuing to be in full force and effect and (E) the execution of security documents on terms agreed between the Investors and the Company in respect of specified patents of the Group, to secure the obligations of the Company under the Bonds. For the avoidance of doubt, in the event of any enforcement of such security, the Investors will only be entitled to recover the amounts owing to them under the Bonds and not any excess thereof. The obligation of the Investors to subscribe and pay for the second tranche Bonds is subject to the following conditions precedent: (I) the Company having appointed a reputable investment bank and issued an offering memorandum in relation to the subject matter of a Qualifying Exit Event (as defined below) to potentially interested parties by no later than the date falling three (3) months from the date of the Agreement and (Ii) commitment by the Company that there will be no material changes to the key personnel of the Group
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sheerluck Supreme	18-Dec-2015 22:01        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Finally announced!  Whether happy or lanlan I don' t know.  Already technically bankrupt.  Lucky to escape officially bankrupt and close shop.  Now at least BOD and mgmt can take these money to pay salary, BONUS and fees and staff expense (like flying the CEO and mgmt to and fro US for the court case and case fee) and maybe throw in a X' mas cum NY party for all staff to enjoy X' mas. I did a quick guestimate on their Q4 financial. Not pretty (ofc others might find it very pretty!  To each his own.) On PL, last Q, stripping away the US20mil damage and US5.5mil loan from PL, loss for that Q is about US8.  So this quarter after accounting for the 2nd tranche loan, expected loss for Q4 is about US13mil. On BS, last Q NAV is -USD14mil and NTA is -USD26mil (yup they got about USD13mil as intangiable asset).  Simply add that expected -US13mil loss to the coy gives NAV of -USD27mil and NTA of -USD39mil.  So that' s a possible liability of about -5cts (or -7cts if you prefer to exclude intangiable assets) per share. On CF, last Q cash balance is USD4.5mil.  So add USD4.4mil from CB 2nd loan but minus USD 8mil of loss and they will be left with about less than USD1mil. So the news of the released fund gave at least two weeks of breathing space for QTV.  However, when we entered the next Q1, the same problem comes back again......cashflow.....too bad they did not manage to claim their legal fees back which is much greater than any of their quarter revenues. Well lets hope for a surprise M& A news before X' mas should we? Anyway I am sure all QTV people can now sign a relief and laugh their way to their nice X' mas party and maybe they should invite all shareholders to join in their celebration as well.  Ofc, shareholders have to pay for your own entrance fees and F& B cost lah! Happy X' mas QTV!!!!!!!  Sunstar      ( Date: 18-Dec-2015 17:21) Posted: Your wish is granted.. 2nd tranche completed. sheerluck      ( Date: 10-Dec-2015 18:58) Posted: Lucky you sold already. Already announced to the whole world that 2nd tranche condition all met donkey months ago but still CB investors haven' t relased the fund.  Obvioulsy, they want something done on that USD$20 damage before parting their money.  I beleive they will not want to throw money into a technically bankrupted coy.  If the coy goes officially bankrupted, even these CB investors lose money.  They also a bit poor thing now because they have already released their first tranche.  Reaky kanna stuck between a hard rock and a hard place. Also by end Dec, if 2nd tranche still no released, I wonder how they get over cashflow problem. Given their situation, people likely squeeze them very hard for any funding. Well, existing shareholders will be lucky if they gets a very bad dilution.  Worse case, they get a officially bankrupted coy! Hope things will be clearer soon.
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Sunstar Senior	18-Dec-2015 17:21        Sunstar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Your wish is granted.. 2nd tranche completed. sheerluck      ( Date: 10-Dec-2015 18:58) Posted: Lucky you sold already. Already announced to the whole world that 2nd tranche condition all met donkey months ago but still CB investors haven' t relased the fund.  Obvioulsy, they want something done on that USD$20 damage before parting their money.  I beleive they will not want to throw money into a technically bankrupted coy.  If the coy goes officially bankrupted, even these CB investors lose money.  They also a bit poor thing now because they have already released their first tranche.  Reaky kanna stuck between a hard rock and a hard place. Also by end Dec, if 2nd tranche still no released, I wonder how they get over cashflow problem. Given their situation, people likely squeeze them very hard for any funding. Well, existing shareholders will be lucky if they gets a very bad dilution.  Worse case, they get a officially bankrupted coy! Hope things will be clearer soon.   james81      ( Date: 10-Dec-2015 17:46) Posted: kenna tank today siah... when the news of second tranche coming
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sheerluck Supreme	11-Dec-2015 17:23        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	This stock move very violently on news.  Easily +/-30%.  Don' t get caught either way. Demostation      ( Date: 11-Dec-2015 16:14) Posted: Can get very rich shorting this counter.   Anyone making a try for shorting it, or are scooping tons of money already?   Lol..
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Demostation Supreme	11-Dec-2015 16:14        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can get very rich shorting this counter.   Anyone making a try for shorting it, or are scooping tons of money already?   Lol..
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erhaier Senior	11-Dec-2015 16:13        erhaier About Contact  Quote this Post!
x 0   x 0  Alert Admin	really cannot make it counter.
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sheerluck Supreme	10-Dec-2015 18:58        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Lucky you sold already. Already announced to the whole world that 2nd tranche condition all met donkey months ago but still CB investors haven' t relased the fund.  Obvioulsy, they want something done on that USD$20 damage before parting their money.  I beleive they will not want to throw money into a technically bankrupted coy.  If the coy goes officially bankrupted, even these CB investors lose money.  They also a bit poor thing now because they have already released their first tranche.  Reaky kanna stuck between a hard rock and a hard place. Also by end Dec, if 2nd tranche still no released, I wonder how they get over cashflow problem. Given their situation, people likely squeeze them very hard for any funding. Well, existing shareholders will be lucky if they gets a very bad dilution.  Worse case, they get a officially bankrupted coy! Hope things will be clearer soon.   james81      ( Date: 10-Dec-2015 17:46) Posted: kenna tank today siah... when the news of second tranche coming
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james81 Member	10-Dec-2015 17:46        james81 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	kenna tank today siah... when the news of second tranche coming
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sengsk Elite	01-Dec-2015 12:39        sengsk About Contact  Quote this Post!
x 1   x 0  Alert Admin	Oop.. I got different view as trying to pick at 114, 115 NVM,   just try... .. As hope i' m right. learner42      ( Date: 01-Dec-2015 12:32) Posted:     Should have shorted   Today. 1 day makes a VAST difference.
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learner42 Senior	01-Dec-2015 12:32        learner42 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Should have shorted   Today. 1 day makes a VAST difference.
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wishbone Master	01-Dec-2015 12:12        wishbone About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow. This counter punctures ardy after going up in the last few days. Now@114
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sheerluck Supreme	30-Nov-2015 23:34        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Take the positive view: you managed to rescue $700! james81      ( Date: 30-Nov-2015 22:33) Posted: Not really .make a mistake to sold on Friday...if I.hold on until today then sell at 122..I can earn back my money but as I sold on Friday so I am like only reducing my losses from 900+ to 200+.. To cover my looses, must go up to 144 sheerluck      ( Date: 30-Nov-2015 09:36) Posted: bro, you break even liao!
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james81 Member	30-Nov-2015 22:33        james81 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Not really .make a mistake to sold on Friday...if I.hold on until today then sell at 122..I can earn back my money but as I sold on Friday so I am like only reducing my losses from 900+ to 200+.. To cover my looses, must go up to 144 sheerluck      ( Date: 30-Nov-2015 09:36) Posted: bro, you break even liao! sheerluck      ( Date: 27-Nov-2015 15:41) Posted: You almost break even liao.  Must be a rough ride.  If 2nd tranche comes, you should be in the green.
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sheerluck Supreme	30-Nov-2015 18:10        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Well can considered a win then. learner42      ( Date: 30-Nov-2015 18:06) Posted: Cover back @ .120 Loss on brokerage fee. At least don"t need to see the skyline from highrise building sheerluck      ( Date: 30-Nov-2015 15:45) Posted: How still got chance to cover?
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learner42 Senior	30-Nov-2015 18:06        learner42 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cover back @ .120 Loss on brokerage fee. At least don"t need to see the skyline from highrise building sheerluck      ( Date: 30-Nov-2015 15:45) Posted: How still got chance to cover? learner42      ( Date: 30-Nov-2015 15:23) Posted: OMG....123 Where is the tallest high rise building?
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sheerluck Supreme	30-Nov-2015 15:45        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	How still got chance to cover? learner42      ( Date: 30-Nov-2015 15:23) Posted: OMG....123 Where is the tallest high rise building? sheerluck      ( Date: 30-Nov-2015 10:48) Posted: Taking from SGX useless quote " Trade with caution" .  Ha!  Gd luck!
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learner42 Senior	30-Nov-2015 15:23        learner42 About Contact  Quote this Post!
x 0   x 0  Alert Admin	OMG....123 Where is the tallest high rise building? sheerluck      ( Date: 30-Nov-2015 10:48) Posted: Taking from SGX useless quote " Trade with caution" .  Ha!  Gd luck! learner42      ( Date: 30-Nov-2015 10:24) Posted: Thanks for advice. ALL DANGEROUSLY DONE averaging .12 Now have to sit back and let the price tumble... Gut feel.....16 possible. Wait till near end of trading.....see how
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sheerluck Supreme	30-Nov-2015 10:48        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Taking from SGX useless quote " Trade with caution" .  Ha!  Gd luck! learner42      ( Date: 30-Nov-2015 10:24) Posted: Thanks for advice. ALL DANGEROUSLY DONE averaging .12 Now have to sit back and let the price tumble... Gut feel.....16 possible. Wait till near end of trading.....see how sheerluck      ( Date: 30-Nov-2015 10:03) Posted: Dangerous to toy with short.  Twice even more.
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learner42 Senior	30-Nov-2015 10:24        learner42 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for advice. ALL DANGEROUSLY DONE averaging .12 Now have to sit back and let the price tumble... Gut feel.....16 possible. Wait till near end of trading.....see how sheerluck      ( Date: 30-Nov-2015 10:03) Posted: Dangerous to toy with short.  Twice even more.   learner42      ( Date: 30-Nov-2015 09:48) Posted: Que another batch to short at .121 QED
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sheerluck Supreme	30-Nov-2015 10:03        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Dangerous to toy with short.  Twice even more.   learner42      ( Date: 30-Nov-2015 09:48) Posted: Que another batch to short at .121 QED
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