Reenova Investment   

ISR resume trading on March 6

Going by the average rate of sell off the entire stake can be sold in 10-15 days......http://www.businesstimes.com.sg/companies-markets/ex-isr-capital-executive-director-continues-disposing-shares 

 

From the announcemnt, Mr Rigoll has tendered his resignation.

Hence,  presumably that he doesnt wanna hold his shareholdings any longer.

The point of contention here is, he has agreed to a deed of undertakings/moratorium not to sell his shares.

Hope my understanding of the announcement is correct.

Do correct me if i m wrong.

 

MichaelSchenker      ( Date: 10-Mar-2017 12:24) Posted: I think his agreement not to sell is between him and the company. Being a SSH as long as he disclose his buy/sell activity, SGX will not have any reasons to veto him. Question is, will he continue to be employed by the company? Does he need to sell all his holdings once he leaves. If, there is somebody taking over him, will this person buy over, or be given the shares Rigoll is holding. And why did Rigoll dump his shares? Obviously he' s not due for retirement yet. mepkoh      ( Date: 10-Mar-2017 11:34) Posted: ANY lawyers here?? can shareholders sue him?? for breaking moratorium?

 

yes..

shareholders is part of the coy yeah??

MichaelSchenker      ( Date: 10-Mar-2017 12:24) Posted: I think his agreement not to sell is between him and the company. Being a SSH as long as he disclose his buy/sell activity, SGX will not have any reasons to veto him. Question is, will he continue to be employed by the company? Does he need to sell all his holdings once he leaves. If, there is somebody taking over him, will this person buy over, or be given the shares Rigoll is holding. And why did Rigoll dump his shares? Obviously he' s not due for retirement yet. mepkoh      ( Date: 10-Mar-2017 11:34) Posted: ANY lawyers here?? can shareholders sue him?? for breaking moratorium?

 

I think his agreement not to sell is between him and the company. Being a SSH as long as he disclose his buy/sell activity, SGX will not have any reasons to veto him.

Question is, will he continue to be employed by the company? Does he need to sell all his holdings once he leaves. If, there is somebody taking over him, will this person buy over, or be given the shares Rigoll is holding.

And why did Rigoll dump his shares? Obviously he' s not due for retirement yet.

mepkoh      ( Date: 10-Mar-2017 11:34) Posted: ANY lawyers here?? can shareholders sue him?? for breaking moratorium? mepkoh      ( Date: 10-Mar-2017 11:31) Posted: ang goli..making fools of sgx..what moratorium..just BSBSBS ARGHHH

 

If they could sue i don' t think he would have sold, the selling happened twice, one time was after the announcement opposing the sell off so its not a positive sign. Looking at the announcement document dated 8th June Its a " Voluntary Undertaking" may be someone can intrepret better?

mepkoh      ( Date: 10-Mar-2017 11:34) Posted: ANY lawyers here?? can shareholders sue him?? for breaking moratorium? mepkoh      ( Date: 10-Mar-2017 11:31) Posted: ang goli..making fools of sgx..what moratorium..just BSBSBS ARGHHH

 

ANY lawyers here??

can shareholders sue him?? for breaking moratorium?

mepkoh      ( Date: 10-Mar-2017 11:31) Posted: ang goli..making fools of sgx..what moratorium..just BSBSBS ARGHHH

 

ang goli..making fools of sgx..what moratorium..just BSBSBS ARGHHH

 

Entrapment lai liao.....😆 😆 😆 😆 😆 😆 😆 😆 🍻 🍻 🍻

 

SGX probably knows that they are a mickey themselves so no action will be taken for anything :)

zillion      ( Date: 10-Mar-2017 09:00) Posted: wa this David sees SGX no up and does not respect the procedures-suka suka resigned as ED suka suka sell his stake. He is making a mickey out of SGX and other shareholders as fools. Sh impound his passport and ban him from holding any directorship.

 

David taking a moratorium was a voluntary undertaking, looking at the announcement dated 6th June it says "Mr. Rigoll is not required by any laws, or the regulations or
rules of any authority or governing bodies, including the SGX-ST, to provide the
Undertaking" Seems to me he can sell all his stake and no one can stop him. He sold off 17 mil more shares yesterday.

 

The Chinese must corner the rare earths market. So that is where Chen Tong comes in.

Zindarion      ( Date: 10-Mar-2017 07:05) Posted: David Copperfield is Chen Tong? Jonathan Lim? alishan      ( Date: 09-Mar-2017 19:27) Posted: David rigol out, David copperfield in.   Magic will restart.   Who want to get new Rolex?

 

wa this David sees SGX no up and does not respect the procedures-suka suka resigned as ED suka suka sell his stake. He is making a mickey out of SGX and other shareholders as fools. Sh impound his passport and ban him from holding any directorship.

 

Apparently, based on today' s sgx disclosure re David' s selling via market transaction, he' s still a long way to go. From 26% to 24%. He still remains the majority shareholder. Will he stop anytime soon?

 

A patient goes for cancer treatment may not mean it' s fully recover.

Zindarion      ( Date: 09-Mar-2017 16:39) Posted: suspension just release la boss sengsk      ( Date: 09-Mar-2017 11:36) Posted: Second REMINDER :   Becareful, Suspension take place very soon !!

 

David Copperfield is Chen Tong?
Jonathan Lim?

alishan      ( Date: 09-Mar-2017 19:27) Posted: David rigol out, David copperfield in.   Magic will restart.   Who want to get new Rolex?     destinykraze      ( Date: 09-Mar-2017 19:21) Posted: game over, clear signs of BBs exiting. david rigoll sold 21.27m shares yesterday. More selldown today. Well, fast in fast out. The music stopped.

 

Buy a promising counter with tangible multi million contract like Ntegrator instead of punting on a risky stock. Remember, Ntegrator got pay dividends too around 5% some more.

 

David copperfield lol. Might as well get David goldfield from Liongold. They are under the same person after all.

alishan      ( Date: 09-Mar-2017 19:27) Posted: David rigol out, David copperfield in.   Magic will restart.   Who want to get new Rolex?     destinykraze      ( Date: 09-Mar-2017 19:21) Posted: game over, clear signs of BBs exiting. david rigoll sold 21.27m shares yesterday. More selldown today. Well, fast in fast out. The music stopped.

 

I come back from New Zealand will be at least One COE

Then upgrade to Toyota
Hopefully can upgrade to Condo

alishan      ( Date: 09-Mar-2017 18:15) Posted: If you punt early in the morning and sell at high before went down, you got Rolex already.   Anybody?

 

Get in tomorrow at 0.01 to 0.015 should be profitable. Don' t forget Monday volume is 400 million shares

 

David rigol out, David copperfield in.   Magic will restart.   Who want to get new Rolex?    

destinykraze      ( Date: 09-Mar-2017 19:21) Posted: game over, clear signs of BBs exiting. david rigoll sold 21.27m shares yesterday. More selldown today. Well, fast in fast out. The music stopped.