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correct me if i am wrong.
look@bright ( Date: 23-Jan-2021 13:41) Posted:
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i have study the RTO deal and now i understand why ppl are selling at 0.001.
After the post-consolidation the share price is $0.50 base per share (500:1 share) but Livingstone shareholders gets shares base on post-consolidation of price of $0.20 which is a massive 60% discount.
After the post-consolidation the share price is $0.50 base per share (500:1 share) but Livingstone shareholders gets shares base on post-consolidation of price of $0.20 which is a massive 60% discount.
look@bright ( Date: 20-Jan-2021 12:47) Posted:
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Citicode, Artivision shareholders approve backdoor listings
Reverse takeover of Livingstone Health transfers it from SGX mainboard to Catalist
CITICODE shareholders on Friday approved the reverse takeover of healthcare specialist Livingstone Health, thus transferring its listing status from the mainboard to the Catalist board on the Singapore Exchange (SGX), the company said in a press statement.
Shareholders also voted in agreement of a change of corporate identity, with a name change to Livingstone Health Holdings.
The reverse acquisition will be satisfied by a base and deferred consideration. The base consideration is S$47 million, of which S$2 million will be in cash, said the company. The deferred consideration will amount up to S$25 million, of which S$1.5 million will be in cash, it added.
New shares will be issued at S$0.20 per consolidated share.
The pro forma revenue and pro forma adjusted net profit after tax of Livingstone Health were S$14.3 million and S$3.2 million respectively for the financial year of 2019.
Unaudited revenue for the six months ended June 30, 2020 was S$6.5 million. Net profit for the same period amounted to S$900,000.
Voluntary trading suspension of Citicode shares is expected to start on Feb 2, before the reverse takeover is expected to complete on Feb 5.
Wilson Tay will serve as executive director and chief executive of the new entity.
Citicode' s current executive chairman and chief executive officer (CEO) Teh Wing Kwan will be redesignated non-executive and non-independent chairman, and remain a substantial shareholder.
Livingstone Health Holdings has 15 medical doctors practising at 12 medical clinics and one medical spa in Singapore. Its services include aesthetics and wellness, anaesthesiology and pain management, orthopaedic surgery, as well as physiotherapy.
Separately, video solutions provider Artivision Technologies shareholders also voted in support of a reverse takeover of electronic payment and online retail business Mobile Credit Payment.
Ching Chiat Kwong, CEO of property developer Oxley Holdings and a controlling shareholder of the Artivision, and his associates were required to abstain from voting on two of the ordinary resolutions.
who is selling at 0.001 why?
Nothing fundamental. Volume increasing for 2 days
I am told the Citicode boss has pedigree. Also he has put money in his mouth. Bet a bit,at 0.1 ct
really not stepping on mines.
really not stepping on mines.
gemexplorer ( Date: 15-Jan-2021 20:40) Posted:
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will follow buy next week :)
tankoksee ( Date: 15-Jan-2021 16:43) Posted:
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delisted SC Global Also simon, why this simon and that simon so big diff lol...
buy 10 mio each..argg
All three ? Spread the risks
Hector ( Date: 14-Jan-2021 11:20) Posted:
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so which one you vest in? I follow..
SmallSmall ( Date: 14-Jan-2021 11:13) Posted:
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Only 3 stocks left with sellers @ $0.001. Citicode, Adv Sys and Annica.
Can these 3 stocks finally make their moves after years of being stucked at $0.001?
50-50% risks vs returns
Can these 3 stocks finally make their moves after years of being stucked at $0.001?
50-50% risks vs returns
Something to look forward to ? Read about Livingstone Health ... is it in this ?
alexwong ( Date: 30-Jul-2020 07:52) Posted:
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There will be share consolidation
sengtng ( Date: 31-Jul-2020 14:01) Posted:
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1 shares @$0.001. 500 to 1 means 0.001x500=$0.50
sengtng ( Date: 31-Jul-2020 14:01) Posted:
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If 500 shares to 1, meaning 1 share is 0.5 cents. How come the new share to Livingstone vendor @20cents. Anyone can advise to hold or sell the existing shares.
this useless one i kept it in my underground for yearsssss.....haha. Want to see light?
.....As part of the proposed deal, Citicode will first consolidate its shares by a ratio of 500 existing shares to one, reducing its shares outstanding from 41.3 billion to 82.6 million......
.......It will then issue up to 342.5 million new consolidated shares at S$0.20 per share to Livingstone' s vendors. After issuing the new shares to the vendors, including for the full deferred consideration, Citicode will have an enlarged share capital of 425.1 million outstanding shares......
.......It will then issue up to 342.5 million new consolidated shares at S$0.20 per share to Livingstone' s vendors. After issuing the new shares to the vendors, including for the full deferred consideration, Citicode will have an enlarged share capital of 425.1 million outstanding shares......
alexwong ( Date: 30-Jul-2020 07:52) Posted:
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Healthcare group now.......... For better or for worse?
When ?