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Jimmykohkk Master	02-Feb-2015 17:33        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	oh.. i think i know liao.. is like applying for excess rights... Ya, like the bro who is overseas now and did not submit the forms, so there will be " excess" for others to apply. But like rights excess, even if u manage to sell some excess shares, it wun be much i think.. i think is mostly for those who has odd lots will be given priority, just like rights excess. eg: Example,  a guy has  5 lots of shares aka 5000 shares. So 51% is 2550 shares and he will be left with 2450 shares. The 50 shares cannot be sold in the open market as our board lot is at least 100. In this case, I think Hafary will let this person sell 2550 + 50 excess = 2600 shares, so that he is left with 2400 shares which then can be sold in open market. So i think if ur 49% left is odd lots, then chance will be higher. If not, then most likely u wun be able to sell any excess. Same theory as excess rights. Am I correct? :)   samuelx      ( Date: 02-Feb-2015 17:13) Posted: Jimmy, the form allows you to tender excess shares (on top of the 51%). There is a separate box to fill in if you want to tender excess shares, so no, it will not void my application. Basically, as part of the rules, Hup Seng has to make the 51% offer to every shareholder on equal terms. The offer is conditional on them getting at least 51% of the company' s shares. Obviously, if you think about it, they have to get every single person to vote to tender their shares for them to even get 51% this way. As long as one person does not vote to tender his shares, they will immediately fail to get 51% and the voluntary offer will fail. Already, we have someone in this forum sayin that he is overseas and is not able to send in the application form. As such, the logical thing to do would be to invite shareholders to tender additional shares on top of the 51% that they own. This way, even if one person does not send in his application form, Hup Seng can choose to buy the excess shares from the other applicants who are willing to give up more than 51% of their shares to enable them to cross the 51% mark of Hafary' s total outstanding shares. This way, there is a much higher chance of sucess. Basically, the offer is framed this way because the rules make it compulsory to put the offer to  all shareholders and give all shareholders the chance to tender 51% of their shares. The rules also allow the offeror to invite shareholders to tender additional share on top of the 51% that they own. The above is my understanding only and i do not profess to be 100% accurate. I may be wrong. I just submitted my application form, so i can vouch that the form allows me to tender excess shares (which i did).
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samuelx Member	02-Feb-2015 17:13        samuelx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Jimmy, the form allows you to tender excess shares (on top of the 51%). There is a separate box to fill in if you want to tender excess shares, so no, it will not void my application. Basically, as part of the rules, Hup Seng has to make the 51% offer to every shareholder on equal terms. The offer is conditional on them getting at least 51% of the company' s shares. Obviously, if you think about it, they have to get every single person to vote to tender their shares for them to even get 51% this way. As long as one person does not vote to tender his shares, they will immediately fail to get 51% and the voluntary offer will fail. Already, we have someone in this forum sayin that he is overseas and is not able to send in the application form. As such, the logical thing to do would be to invite shareholders to tender additional shares on top of the 51% that they own. This way, even if one person does not send in his application form, Hup Seng can choose to buy the excess shares from the other applicants who are willing to give up more than 51% of their shares to enable them to cross the 51% mark of Hafary' s total outstanding shares. This way, there is a much higher chance of sucess. Basically, the offer is framed this way because the rules make it compulsory to put the offer to  all shareholders and give all shareholders the chance to tender 51% of their shares. The rules also allow the offeror to invite shareholders to tender additional share on top of the 51% that they own. The above is my understanding only and i do not profess to be 100% accurate. I may be wrong. I just submitted my application form, so i can vouch that the form allows me to tender excess shares (which i did).
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Jimmykohkk Master	02-Feb-2015 16:51        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	but then everyone will submit 100%?? hmm. dun quite understand.. then what is the meaning of partial offer of 51%? :) edwinjup      ( Date: 02-Feb-2015 16:49) Posted: Won' t....it allow to sell excess Jimmykohkk      ( Date: 02-Feb-2015 16:47) Posted: hmm... i tot it is a PARTIAL OFFER of 51%??? if u offer ur 100%, what would they do? wait it voids ur application how?
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edwinjup Supreme	02-Feb-2015 16:49        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Won' t....it allow to sell excess Jimmykohkk      ( Date: 02-Feb-2015 16:47) Posted: hmm... i tot it is a PARTIAL OFFER of 51%??? if u offer ur 100%, what would they do? wait it voids ur application how? samuelx      ( Date: 02-Feb-2015 15:53) Posted: Sending in my acceptance form today. I believe Jimmykoh forgot a fourth scenario - which is tendering all 100% of your shares. I' ve elected to offer  all of my relevant percentage offer shares (i.e. 51% of my total shares) as well as the remaining 49% of my shares. In other words, I am tendering the full 100% of my shareholding at $0.24 to Hap Seng. This would be the best case scenario I would think. Deadline is 13th Feb 5.30pm. I believe the group of the largest shareholders have also all given an undertaking to tender all their shares (read this somewhere). Hope this goes through.
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Jimmykohkk Master	02-Feb-2015 16:47        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	hmm... i tot it is a PARTIAL OFFER of 51%??? if u offer ur 100%, what would they do? wait it voids ur application how? samuelx      ( Date: 02-Feb-2015 15:53) Posted: Sending in my acceptance form today. I believe Jimmykoh forgot a fourth scenario - which is tendering all 100% of your shares. I' ve elected to offer  all of my relevant percentage offer shares (i.e. 51% of my total shares) as well as the remaining 49% of my shares. In other words, I am tendering the full 100% of my shareholding at $0.24 to Hap Seng. This would be the best case scenario I would think. Deadline is 13th Feb 5.30pm. I believe the group of the largest shareholders have also all given an undertaking to tender all their shares (read this somewhere). Hope this goes through.
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samuelx Member	02-Feb-2015 15:53        samuelx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sending in my acceptance form today. I believe Jimmykoh forgot a fourth scenario - which is tendering all 100% of your shares. I' ve elected to offer  all of my relevant percentage offer shares (i.e. 51% of my total shares) as well as the remaining 49% of my shares. In other words, I am tendering the full 100% of my shareholding at $0.24 to Hap Seng. This would be the best case scenario I would think. Deadline is 13th Feb 5.30pm. I believe the group of the largest shareholders have also all given an undertaking to tender all their shares (read this somewhere). Hope this goes through.
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everknight Member	29-Jan-2015 11:43        everknight About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Oh...didn' t know. Me blur blur on the timings. Anyway, thanks bro. Lesson learned for me. Jimmykohkk      ( Date: 29-Jan-2015 11:39) Posted: too late liao... already voted and approval granted liao.. everknight      ( Date: 29-Jan-2015 11:30) Posted: I' ve given this some more thoughts. If I am an investor, I will vote for the partial offer ONLY IF I trust the new management will enhance company valuation. The offer is only for 51% of the shares, so an investor still keeps the other 49%. So will an investor just go for the quick buck and agree to sell 51% of his shares at 0.24 cents WITHOUT any regard on what the future holds for the rest of his 49% shares?  The other scary clause in the offer document is:  9.2 Resultant Position. If the Partial Offer becomes or is declared to be unconditional in all  respects, it will result in the Offeror and parties acting in concert with it holding 51 per cent.  of the Shares in issue after the Closing Date. Accordingly, the Offeror and parties acting in  concert with it will be able to exercise statutory control over the Company and will be free,  subject to a six-month moratorium after the Closing Date, to acquire further Shares without  incurring any obligation to make a general take-over offer for the Company. I understand this as they can buyout the rest of the 49% at any price, so investors will be at their mercy once the 6-month has elapsed. Bottomline, investors will have to vote wisely and assess how the company will look if this partial offer does indeed go thru.
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Jimmykohkk Master	29-Jan-2015 11:39        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	too late liao... already voted and approval granted liao.. everknight      ( Date: 29-Jan-2015 11:30) Posted: I' ve given this some more thoughts. If I am an investor, I will vote for the partial offer ONLY IF I trust the new management will enhance company valuation. The offer is only for 51% of the shares, so an investor still keeps the other 49%. So will an investor just go for the quick buck and agree to sell 51% of his shares at 0.24 cents WITHOUT any regard on what the future holds for the rest of his 49% shares?  The other scary clause in the offer document is:  9.2 Resultant Position. If the Partial Offer becomes or is declared to be unconditional in all  respects, it will result in the Offeror and parties acting in concert with it holding 51 per cent.  of the Shares in issue after the Closing Date. Accordingly, the Offeror and parties acting in  concert with it will be able to exercise statutory control over the Company and will be free,  subject to a six-month moratorium after the Closing Date, to acquire further Shares without  incurring any obligation to make a general take-over offer for the Company. I understand this as they can buyout the rest of the 49% at any price, so investors will be at their mercy once the 6-month has elapsed. Bottomline, investors will have to vote wisely and assess how the company will look if this partial offer does indeed go thru. everknight      ( Date: 28-Jan-2015 21:28) Posted: Yes, the concern is counter will become more illiquid. Will see how it goes. Thanks.
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everknight Member	29-Jan-2015 11:30        everknight About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	I' ve given this some more thoughts. If I am an investor, I will vote for the partial offer ONLY IF I trust the new management will enhance company valuation. The offer is only for 51% of the shares, so an investor still keeps the other 49%. So will an investor just go for the quick buck and agree to sell 51% of his shares at 0.24 cents WITHOUT any regard on what the future holds for the rest of his 49% shares?  The other scary clause in the offer document is:  9.2 Resultant Position. If the Partial Offer becomes or is declared to be unconditional in all  respects, it will result in the Offeror and parties acting in concert with it holding 51 per cent.  of the Shares in issue after the Closing Date. Accordingly, the Offeror and parties acting in  concert with it will be able to exercise statutory control over the Company and will be free,  subject to a six-month moratorium after the Closing Date, to acquire further Shares without  incurring any obligation to make a general take-over offer for the Company. I understand this as they can buyout the rest of the 49% at any price, so investors will be at their mercy once the 6-month has elapsed. Bottomline, investors will have to vote wisely and assess how the company will look if this partial offer does indeed go thru. everknight      ( Date: 28-Jan-2015 21:28) Posted: Yes, the concern is counter will become more illiquid. Will see how it goes. Thanks.    Jimmykohkk      ( Date: 28-Jan-2015 20:45) Posted: The best case is that u sell all ur shares during CE (22-23 cents), but since already over, so no choice. U can keep ur shares if u want, the shares will NOT be delisted, and if u think Hafary under the new owner (malaysia listed company) has good prospect, u can keep the shares. But the dividends must see how the new owners behave already. The new owner may not be as generous as the previous owner. But one word of advice, this hafary will become illiquid once this partial take over thing is over i feel. Then the price MAY slide back to 18-19 cents if the new owner is stingy and dun declare dividends regularly. U can read up the historical trend before u decide what to do.
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everknight Member	28-Jan-2015 21:28        everknight About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Yes, the concern is counter will become more illiquid. Will see how it goes. Thanks.    Jimmykohkk      ( Date: 28-Jan-2015 20:45) Posted: The best case is that u sell all ur shares during CE (22-23 cents), but since already over, so no choice. U can keep ur shares if u want, the shares will NOT be delisted, and if u think Hafary under the new owner (malaysia listed company) has good prospect, u can keep the shares. But the dividends must see how the new owners behave already. The new owner may not be as generous as the previous owner. But one word of advice, this hafary will become illiquid once this partial take over thing is over i feel. Then the price MAY slide back to 18-19 cents if the new owner is stingy and dun declare dividends regularly. U can read up the historical trend before u decide what to do.   everknight      ( Date: 28-Jan-2015 20:23) Posted: Thanks Jimmy, very helpful. I am on extended overseas assignment and seem no way to submit on time. So may have no choice but settle on your case 3. Correct me if I' m wrong...this is a partial offer so the counter will not be delisted after this, though it will probably be less liquid. So I can just continue to hold on to my shares and earn dividends, right? Is there a risk that I am not seeing with this? The last resort will be to sell it in the open market tomorrow while price is still holding up and I just cut loss. But I wouldn' t want to do that unless it is the best option given the situation.
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Jimmykohkk Master	28-Jan-2015 20:45        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	The best case is that u sell all ur shares during CE (22-23 cents), but since already over, so no choice. U can keep ur shares if u want, the shares will NOT be delisted, and if u think Hafary under the new owner (malaysia listed company) has good prospect, u can keep the shares. But the dividends must see how the new owners behave already. The new owner may not be as generous as the previous owner. But one word of advice, this hafary will become illiquid once this partial take over thing is over i feel. Then the price MAY slide back to 18-19 cents if the new owner is stingy and dun declare dividends regularly. U can read up the historical trend before u decide what to do.   everknight      ( Date: 28-Jan-2015 20:23) Posted: Thanks Jimmy, very helpful. I am on extended overseas assignment and seem no way to submit on time. So may have no choice but settle on your case 3. Correct me if I' m wrong...this is a partial offer so the counter will not be delisted after this, though it will probably be less liquid. So I can just continue to hold on to my shares and earn dividends, right? Is there a risk that I am not seeing with this? The last resort will be to sell it in the open market tomorrow while price is still holding up and I just cut loss. But I wouldn' t want to do that unless it is the best option given the situation.   Jimmykohkk      ( Date: 28-Jan-2015 19:41) Posted: Yes please go submit before deadline. If you never submit means u can only sell ALL ur shares at 21.5 cents vs (49% at 21.5 and 51% at 24) if u submit. And if u had sold all ur shares during CE, u would have sold ALL ur shares at 22.5 cents. Eg: 10 lots. Case 1) Sold ALL during CE, 10 x 22.5 cents = $2250.00 Case 2) Submit form on time, sell remaining in open market,   (5.1 x 24 cents) + (4.9 x 21.5 cents) = $2275.50 Case 3) Never submit, sell in open market,  10 x 21.5 cents = $2150
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everknight Member	28-Jan-2015 20:23        everknight About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Thanks Jimmy, very helpful. I am on extended overseas assignment and seem no way to submit on time. So may have no choice but settle on your case 3. Correct me if I' m wrong...this is a partial offer so the counter will not be delisted after this, though it will probably be less liquid. So I can just continue to hold on to my shares and earn dividends, right? Is there a risk that I am not seeing with this? The last resort will be to sell it in the open market tomorrow while price is still holding up and I just cut loss. But I wouldn' t want to do that unless it is the best option given the situation.   Jimmykohkk      ( Date: 28-Jan-2015 19:41) Posted: Yes please go submit before deadline. If you never submit means u can only sell ALL ur shares at 21.5 cents vs (49% at 21.5 and 51% at 24) if u submit. And if u had sold all ur shares during CE, u would have sold ALL ur shares at 22.5 cents. Eg: 10 lots. Case 1) Sold ALL during CE, 10 x 22.5 cents = $2250.00 Case 2) Submit form on time, sell remaining in open market,   (5.1 x 24 cents) + (4.9 x 21.5 cents) = $2275.50 Case 3) Never submit, sell in open market,  10 x 21.5 cents = $2150   everknight      ( Date: 28-Jan-2015 17:36) Posted: I see. Thanks bro. Yea, unfortunately I didn' t manage to follow this and not aware of the dates.  So that means I have 2 options now?  - Opt 1: Submit form to sell 51% of holdings at 24 cents. - Opt 2: If I do not submit form (or do not submit on time as I am overseas now), I can still hold on to all my shares, and trade as per normal. Is that correct?
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Jimmykohkk Master	28-Jan-2015 19:41        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes please go submit before deadline. If you never submit means u can only sell ALL ur shares at 21.5 cents vs (49% at 21.5 and 51% at 24) if u submit. And if u had sold all ur shares during CE, u would have sold ALL ur shares at 22.5 cents. Eg: 10 lots. Case 1) Sold ALL during CE, 10 x 22.5 cents = $2250.00 Case 2) Submit form on time, sell remaining in open market,   (5.1 x 24 cents) + (4.9 x 21.5 cents) = $2275.50 Case 3) Never submit, sell in open market,  10 x 21.5 cents = $2150   everknight      ( Date: 28-Jan-2015 17:36) Posted: I see. Thanks bro. Yea, unfortunately I didn' t manage to follow this and not aware of the dates.  So that means I have 2 options now?  - Opt 1: Submit form to sell 51% of holdings at 24 cents. - Opt 2: If I do not submit form (or do not submit on time as I am overseas now), I can still hold on to all my shares, and trade as per normal. Is that correct? Jimmykohkk      ( Date: 28-Jan-2015 17:19) Posted: U never sell all? Right now u have to accept the offer lo.. 51% of ur holdings at 24 cents.. if u dun reply and deliver the form on time, (u have to check the annoucement for last day for submission), then u can only sell ALL ur holdings in the open market which closed at 21.5 cents today ==> u make some ' loss' as u could have sold ALL ur holdings before XE when it was trading 22-23 cents.
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everknight Member	28-Jan-2015 17:36        everknight About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	I see. Thanks bro. Yea, unfortunately I didn' t manage to follow this and not aware of the dates.  So that means I have 2 options now?  - Opt 1: Submit form to sell 51% of holdings at 24 cents. - Opt 2: If I do not submit form (or do not submit on time as I am overseas now), I can still hold on to all my shares, and trade as per normal. Is that correct? Jimmykohkk      ( Date: 28-Jan-2015 17:19) Posted: U never sell all? Right now u have to accept the offer lo.. 51% of ur holdings at 24 cents.. if u dun reply and deliver the form on time, (u have to check the annoucement for last day for submission), then u can only sell ALL ur holdings in the open market which closed at 21.5 cents today ==> u make some ' loss' as u could have sold ALL ur holdings before XE when it was trading 22-23 cents. everknight      ( Date: 28-Jan-2015 17:16) Posted: Guys, apologies for this as I have been outstationed these few weeks and am still not clear. So what happens now at XE? Is there any action needed on my part?
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Jimmykohkk Master	28-Jan-2015 17:19        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	U never sell all? Right now u have to accept the offer lo.. 51% of ur holdings at 24 cents.. if u dun reply and deliver the form on time, (u have to check the annoucement for last day for submission), then u can only sell ALL ur holdings in the open market which closed at 21.5 cents today ==> u make some ' loss' as u could have sold ALL ur holdings before XE when it was trading 22-23 cents. everknight      ( Date: 28-Jan-2015 17:16) Posted: Guys, apologies for this as I have been outstationed these few weeks and am still not clear. So what happens now at XE? Is there any action needed on my part? paul1688      ( Date: 23-Jan-2015 20:05) Posted: As a small private retail investor, considering price had been ranged bound bet 21.5 and 22.5 for so long, I do agree with your call to sell at high end of current range in absence of any other info. Again, disclaimer - not vested and not enticing anyone to sell.
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everknight Member	28-Jan-2015 17:16        everknight About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Guys, apologies for this as I have been outstationed these few weeks and am still not clear. So what happens now at XE? Is there any action needed on my part? paul1688      ( Date: 23-Jan-2015 20:05) Posted: As a small private retail investor, considering price had been ranged bound bet 21.5 and 22.5 for so long, I do agree with your call to sell at high end of current range in absence of any other info. Again, disclaimer - not vested and not enticing anyone to sell. Jimmykohkk      ( Date: 23-Jan-2015 19:57) Posted: but for those who miss the opportunity to accept the offer (eg: overseas etc), i think is better to sell ALL now at current market price of 22-22.5 cents, am i right? If not they have to risk ALL their shares dropping to 20-21 cents once it goes XE..
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paul1688 Veteran	23-Jan-2015 20:05        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	As a small private retail investor, considering price had been ranged bound bet 21.5 and 22.5 for so long, I do agree with your call to sell at high end of current range in absence of any other info. Again, disclaimer - not vested and not enticing anyone to sell. Jimmykohkk      ( Date: 23-Jan-2015 19:57) Posted: but for those who miss the opportunity to accept the offer (eg: overseas etc), i think is better to sell ALL now at current market price of 22-22.5 cents, am i right? If not they have to risk ALL their shares dropping to 20-21 cents once it goes XE.. paul1688      ( Date: 23-Jan-2015 19:55) Posted: Just food for thought ..... The key judgment for holders is what happens at XE. Part of the analysis is why Buyer offer @ 24 cents (must be deemed a value buy at this price) to obtain a controlling stake or key stake. Also whether vested players deliberately kept price low to "motivate" the take up of offer, and how keen are existing holders to keep their remaining stakes. I noticed Harfary had an impressive dividend payout track in 2014 without special reasons so they could be an investment appeal too. In building and renovation (even if property market is subdued) hungry Singapore, Harfary's market seemed robust in near and mid term so again the business seemed strong (recall a couple of strong analysts reports last year - not that they get it right most of the time). So I would be curious too how Mr Market takes the price XE. I wondering if it may flirt with the 20 cent psychological level but settle back to the 21-22 cent range shortly after XE IF company management get their IR act together and investors are more enlightened about the company outlook. Disclaimer : not vested.
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Jimmykohkk Master	23-Jan-2015 19:57        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	but for those who miss the opportunity to accept the offer (eg: overseas etc), i think is better to sell ALL now at current market price of 22-22.5 cents, am i right? If not they have to risk ALL their shares dropping to 20-21 cents once it goes XE.. paul1688      ( Date: 23-Jan-2015 19:55) Posted: Just food for thought ..... The key judgment for holders is what happens at XE. Part of the analysis is why Buyer offer @ 24 cents (must be deemed a value buy at this price) to obtain a controlling stake or key stake. Also whether vested players deliberately kept price low to "motivate" the take up of offer, and how keen are existing holders to keep their remaining stakes. I noticed Harfary had an impressive dividend payout track in 2014 without special reasons so they could be an investment appeal too. In building and renovation (even if property market is subdued) hungry Singapore, Harfary's market seemed robust in near and mid term so again the business seemed strong (recall a couple of strong analysts reports last year - not that they get it right most of the time). So I would be curious too how Mr Market takes the price XE. I wondering if it may flirt with the 20 cent psychological level but settle back to the 21-22 cent range shortly after XE IF company management get their IR act together and investors are more enlightened about the company outlook. Disclaimer : not vested.
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paul1688 Veteran	23-Jan-2015 19:55        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just food for thought ..... The key judgment for holders is what happens at XE. Part of the analysis is why Buyer offer @ 24 cents (must be deemed a value buy at this price) to obtain a controlling stake or key stake. Also whether vested players deliberately kept price low to "motivate" the take up of offer, and how keen are existing holders to keep their remaining stakes. I noticed Harfary had an impressive dividend payout track in 2014 without special reasons so they could be an investment appeal too. In building and renovation (even if property market is subdued) hungry Singapore, Harfary's market seemed robust in near and mid term so again the business seemed strong (recall a couple of strong analysts reports last year - not that they get it right most of the time). So I would be curious too how Mr Market takes the price XE. I wondering if it may flirt with the 20 cent psychological level but settle back to the 21-22 cent range shortly after XE IF company management get their IR act together and investors are more enlightened about the company outlook. Disclaimer : not vested.
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Jimmykohkk Master	23-Jan-2015 19:28        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	My humble opinion. Maybe  other experts can help to  advise :) Jimmykohkk      ( Date: 23-Jan-2015 19:27) Posted: Right now market price CE is 22 cents. After XE,  the price will drop  to 20 cents. Reason:  24 cents (51% offer) + 20 cents (49% remain to be sold in open market) average = 22 cents (current price). So if u dun sell, there is a very high chance, ALL ur shares will only be worth 20 cents after XE. So one way to save urself is to sell ALL ur shares now at 22 cents during CE. I think it works like CE for warrants or rights.. everknight      ( Date: 23-Jan-2015 16:40) Posted: Hi, am overseas now and unable to receive the form. Just a question...what will happen if I do not take action and do not submit the form?
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