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ssrata Member	12-Nov-2021 08:18        ssrata About Contact  Quote this Post!
x 0   x 0  Alert Admin	23.8 cents  minus likely 1cent dividend for this financial year is only 22.8 cents.   tccroy      ( Date: 12-Nov-2021 08:05) Posted: Another possible scenario is the directors not found guilty, if the news is out the price will rebound to previous level. So it is very likely the offerors offer at this price now rather than later which may shoot up. It is best not to sell at all cost. PandaB      ( Date: 12-Nov-2021 07:30) Posted: Several possibilities ahead. Just a few hypothesis... Scenario A: CPIB has completed investigations and the two directors are found to be guilty (committed an offence). As a result, the board is aware they will not be able to continue to run the company. The gents are key appointment holders and have huge influence so far over the contract wins for Starburst. Stepping down will not be easy as no one can fill the shoes, also the impact on the share price will be higher (more damage). Only way is to take the company private by looking for a white knight which they have found in Nordic. Lim and Yap could possibly continue as senior advisors (emeritus) for Starburst. Scenario B: CPIB has completed investigations, and conditions for a pardon/reduction in charges include a withdrawal from all functions/ownership in Starburst. Left with no choice, the 2 directors have to exit the business altogether. Again need for a white knight to fill the position and Nordic is only willing to buy at a low price.  No announcement/business update for this quarter is also unusual. The deal is definitely not a good one as just before the price collapse, they placed out to ICH at $0.39, So quite sure that ICT (If they are still in) will reject the offer outright. Minority shareholders are really ill treated given that most if not all would have bought in at a higher price.
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tccroy Elite	12-Nov-2021 08:05        tccroy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another possible scenario is the directors not found guilty, if the news is out the price will rebound to previous level. So it is very likely the offerors offer at this price now rather than later which may shoot up. It is best not to sell at all cost. PandaB      ( Date: 12-Nov-2021 07:30) Posted: Several possibilities ahead. Just a few hypothesis... Scenario A: CPIB has completed investigations and the two directors are found to be guilty (committed an offence). As a result, the board is aware they will not be able to continue to run the company. The gents are key appointment holders and have huge influence so far over the contract wins for Starburst. Stepping down will not be easy as no one can fill the shoes, also the impact on the share price will be higher (more damage). Only way is to take the company private by looking for a white knight which they have found in Nordic. Lim and Yap could possibly continue as senior advisors (emeritus) for Starburst. Scenario B: CPIB has completed investigations, and conditions for a pardon/reduction in charges include a withdrawal from all functions/ownership in Starburst. Left with no choice, the 2 directors have to exit the business altogether. Again need for a white knight to fill the position and Nordic is only willing to buy at a low price.  No announcement/business update for this quarter is also unusual. The deal is definitely not a good one as just before the price collapse, they placed out to ICH at $0.39, So quite sure that ICT (If they are still in) will reject the offer outright. Minority shareholders are really ill treated given that most if not all would have bought in at a higher price.
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PandaB Member	12-Nov-2021 07:30        PandaB About Contact  Quote this Post!
x 0   x 0  Alert Admin	Several possibilities ahead. Just a few hypothesis... Scenario A: CPIB has completed investigations and the two directors are found to be guilty (committed an offence). As a result, the board is aware they will not be able to continue to run the company. The gents are key appointment holders and have huge influence so far over the contract wins for Starburst. Stepping down will not be easy as no one can fill the shoes, also the impact on the share price will be higher (more damage). Only way is to take the company private by looking for a white knight which they have found in Nordic. Lim and Yap could possibly continue as senior advisors (emeritus) for Starburst. Scenario B: CPIB has completed investigations, and conditions for a pardon/reduction in charges include a withdrawal from all functions/ownership in Starburst. Left with no choice, the 2 directors have to exit the business altogether. Again need for a white knight to fill the position and Nordic is only willing to buy at a low price.  No announcement/business update for this quarter is also unusual. The deal is definitely not a good one as just before the price collapse, they placed out to ICH at $0.39, So quite sure that ICT (If they are still in) will reject the offer outright. Minority shareholders are really ill treated given that most if not all would have bought in at a higher price.
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ssrata Member	12-Nov-2021 07:14        ssrata About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yesterday Ah Lim and Ah Yap have sold all their shareholdings in the company henceforth they are no more substantial shareholders in the company that position  has passed to tne Nordic Group which now control nearly 70 per cent of the company. I wonder what is the hurry to sell by the 2 crooked directors? Nordic group say 23.8 percent is a premium over the average traded price I say it is a discount over ths last traded price before the CPIB investigation  because the share price went down from 40 cents to 20 cents not because the fundamentals of the company became weaker but soley bscause of the CPIB investigation. In fact the fundamentals of the company has improved when the price was 40 cents as the company made record profits during the last financial year. This looks like a China scam or is it a Nigeria scam? whatever it is this transaction reeks of dishonesty, greed and shamelessness.
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tccroy Elite	11-Nov-2021 23:16        tccroy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please bear in mind do not sell at all cost unless the offerer come out with improve offer
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kepoh88 Veteran	11-Nov-2021 21:08        kepoh88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those kana CAD investigations are not fit to lead the company anymore and these are the people who should giving up or  divesting themselves of state holdings.  Not gang-upto privatisenor sold off cheaply. Wonder what SIAS and SGX no querry and allowed this to happen ? It is legal ?
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chiachiawee Elite	11-Nov-2021 20:15        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not sure what approval you mean, friend. Anyway the directors have accepted the offer. So holders have to pray the remaining minority holders don?t sell. In that case, the offerer would have to provide a reasonable take over price if they keen to delist the company. Otherwise, 0.238 it is. Cheers. hschsc      ( Date: 11-Nov-2021 14:26) Posted: Is it have to wait for the SGX  approval? chiachiawee      ( Date: 11-Nov-2021 12:24) Posted: Best example of 三 十 六 计 之 趁 火 打 劫 . Practicing at its best. Haha. Cheers.
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tccroy Elite	11-Nov-2021 16:26        tccroy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let's all cooperate. Do not sell at all cost kepoh88      ( Date: 11-Nov-2021 15:59) Posted: Daylight robbery !!!
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kepoh88 Veteran	11-Nov-2021 15:59        kepoh88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Daylight robbery !!!
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hschsc Master	11-Nov-2021 14:46        hschsc About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Invest in financially healthy companies"
x 0   x 0  Alert Admin	I mean they （ Two big owners） want to sell the equity to Nordic.    tccroy      ( Date: 11-Nov-2021 14:41) Posted: No need to wait for SGX approval. Just don't sell. The offer price is too cheap hschsc      ( Date: 11-Nov-2021 14:26) Posted: Is it have to wait for the SGX  approval
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tccroy Elite	11-Nov-2021 14:41        tccroy About Contact  Quote this Post!
x 0   x 0  Alert Admin	No need to wait for SGX approval. Just don't sell. The offer price is too cheap hschsc      ( Date: 11-Nov-2021 14:26) Posted: Is it have to wait for the SGX  approval? chiachiawee      ( Date: 11-Nov-2021 12:24) Posted: Best example of 三 十 六 计 之 趁 火 打 劫 . Practicing at its best. Haha. Cheers.
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hschsc Master	11-Nov-2021 14:26        hschsc About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Invest in financially healthy companies"
x 0   x 0  Alert Admin	Is it have to wait for the SGX  approval? chiachiawee      ( Date: 11-Nov-2021 12:24) Posted: Best example of 三 十 六 计 之 趁 火 打 劫 . Practicing at its best. Haha. Cheers. cherintc      ( Date: 11-Nov-2021 12:12) Posted: Before the CAD case, it was trading above 40c. Now got picked up by Nordic at half price...  When you are small, you get bullied. That is life.
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hschsc Master	11-Nov-2021 13:13        hschsc About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Invest in financially healthy companies"
x 0   x 0  Alert Admin	Why still remain treading halt? not happy with the deal?
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chiachiawee Elite	11-Nov-2021 12:24        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Best example of 三 十 六 计 之 趁 火 打 劫 . Practicing at its best. Haha. Cheers. cherintc      ( Date: 11-Nov-2021 12:12) Posted: Before the CAD case, it was trading above 40c. Now got picked up by Nordic at half price...  When you are small, you get bullied. That is life.
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cherintc Senior	11-Nov-2021 12:12        cherintc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Before the CAD case, it was trading above 40c. Now got picked up by Nordic at half price...  When you are small, you get bullied. That is life.
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ssrata Member	11-Nov-2021 06:45        ssrata About Contact  Quote this Post!
x 0   x 0  Alert Admin	Starburst ipo price was 31 cents in 2014 and now when the firm has become profitable an offer of just 23.8 cents is being made this must be the joke of the year. It looks like the 2 substantial shareholder are in cahoots with the offeror to defraud the minority shareholders. TraderBen      ( Date: 11-Nov-2021 00:58) Posted: Kenna low balled liao.. but still premium to its NAV. Shareholders LL. Those bought above 40 cents suck thumb. Sibehboeng      ( Date: 10-Nov-2021 23:00) Posted: Take over offer @ $0.238. Doesn' t seem very attractive though...
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TraderBen Supreme	11-Nov-2021 00:58        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kenna low balled liao.. but still premium to its NAV. Shareholders LL. Those bought above 40 cents suck thumb. Sibehboeng      ( Date: 10-Nov-2021 23:00) Posted: Take over offer @ $0.238. Doesn' t seem very attractive though...
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Newlearner Veteran	10-Nov-2021 23:56        Newlearner About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Offeror has received irrevocable undertakings (the &ldquo Irrevocable Undertakings&rdquo ) from Mr Edward Lim Chin Wah and Mr Yap Tin Foo, represented 69.7% of the total shares... Looks like they wanted/ needed to exit Sibehboeng      ( Date: 10-Nov-2021 23:47) Posted: Unlikely to mop coz it is illiquid. If majority holders not happy, just need to sell to push down and the rest have to LL take the offer... chiachiawee      ( Date: 10-Nov-2021 23:37) Posted: Haha. Gotta be greatest joke of the year. Unless some strategic investors mop up all the shares and force the offerer to revise target price, vested holders lan lan will have to sell if the precondition is met. Good luck holders. Cheers.
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Sibehboeng Master	10-Nov-2021 23:47        Sibehboeng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unlikely to mop coz it is illiquid. If majority holders not happy, just need to sell to push down and the rest have to LL take the offer... chiachiawee      ( Date: 10-Nov-2021 23:37) Posted: Haha. Gotta be greatest joke of the year. Unless some strategic investors mop up all the shares and force the offerer to revise target price, vested holders lan lan will have to sell if the precondition is met. Good luck holders. Cheers. chiachiawee      ( Date: 10-Nov-2021 10:37) Posted: Last year just had a placement at 0.39 before the CAD case. So if this time round placement what price should it be and if take over how high should it be? Better be some super solid positive making announcement, otherwise?just passing by, cheers..
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chiachiawee Elite	10-Nov-2021 23:37        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha. Gotta be greatest joke of the year. Unless some strategic investors mop up all the shares and force the offerer to revise target price, vested holders lan lan will have to sell if the precondition is met. Good luck holders. Cheers. chiachiawee      ( Date: 10-Nov-2021 10:37) Posted: Last year just had a placement at 0.39 before the CAD case. So if this time round placement what price should it be and if take over how high should it be? Better be some super solid positive making announcement, otherwise?just passing by, cheers..
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