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Why would the company get release from suspension eventually back to suspension?
The BOD so dumb?
Or just for the Ang mo to sell 400 millions at 16 millions? Taking 0.040 average sales price
Lol just a show la
Major retail even big or small are having the doubt on ISR even the market full of Rumours
Remember the best trading way, buy on Rumours sell on news
Never be too wrong.
The BOD so dumb?
Or just for the Ang mo to sell 400 millions at 16 millions? Taking 0.040 average sales price
Lol just a show la
Major retail even big or small are having the doubt on ISR even the market full of Rumours
Remember the best trading way, buy on Rumours sell on news
Never be too wrong.
jeremyow ( Date: 09-Mar-2017 11:45) Posted:
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0.5cents means 0.005 (0.5 divided by 100). smells like he has to run road before authority catches him. but does fundamentals ie getting the rare earth stuff in madgascar is on.
No doubt they can continue to do financial engineering. But there is still a limit how far they can go until the music ends. There will always be some retail investors or should I say traders who will get burnt in the end when they suddenly get caught in suspension mode when the music ends. It has also happened before to many penny stocks including penny S-chips that got suspended and people getting burnt (including unwary and ignorant uncles and aunties who buy and sell on news and rumours).
Zindarion ( Date: 09-Mar-2017 11:27) Posted:
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Second REMINDER : Becareful, Suspension take place very soon !!
sengsk ( Date: 06-Mar-2017 10:35) Posted:
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rigoli shares purchase is 0.5 cts...not as you post 5 cente..please check the report
tankookoo ( Date: 09-Mar-2017 11:31) Posted:
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if he dun sell, when company suspened, he will get back NOTHING..I see more that he is cutting loss as he got the shares at 5 cents.
zillion ( Date: 09-Mar-2017 11:23) Posted:
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Just for public show only
Since when penny has going concern one
Negative cash or negative NTA also can survive forever. Penny no fundamental
They have many convertible bond to issue to survive.
I suspect this is the fishy way for huge shares to release out
Company only show seller
Who is the buyer then? No release?
Retail eat 20 over millions?
More to come this week for the Ang mo to release
I suspect to release close to 100-200 millions in coming days then balance off market transaction.
Problem solve...: always seen such thing before the rally. Just how Low they want to press only
Since when penny has going concern one
Negative cash or negative NTA also can survive forever. Penny no fundamental
They have many convertible bond to issue to survive.
I suspect this is the fishy way for huge shares to release out
Company only show seller
Who is the buyer then? No release?
Retail eat 20 over millions?
More to come this week for the Ang mo to release
I suspect to release close to 100-200 millions in coming days then balance off market transaction.
Problem solve...: always seen such thing before the rally. Just how Low they want to press only
jeremyow ( Date: 09-Mar-2017 11:14) Posted:
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wa he kenna margin call if not why the hurry to offload or else he jump down
Up! Up! Up!
We do not know what had happened as to whether the allegations that the CEO has against ISR is valid. Even if it is valid, why did ISR not pay their CEO? Lack of money to pay their CEO or some other reasons that they withhold the salary from Mr Rigoll? The only risk now for punters in this stock is whether there is a hidden inherent major problem with this company that is not disclosed to the public. If there is indeed such hidden major issue that will cause the company to cease as an ongoing concern, then the share price could crash further before being suspended again. Caveat Emptor!
Wind22i ( Date: 09-Mar-2017 07:53) Posted:
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Good to punt under 1 cents price..preferable around .005...lets see how soon it goes there.
Thanks....
I trade on bad news, added 500 Lot 26
Release some funds from other stock
Since they want me to collect more then just collect la....
I don't chase stock
I trade on bad news, added 500 Lot 26
Release some funds from other stock
Since they want me to collect more then just collect la....
I don't chase stock
saisai ( Date: 09-Mar-2017 10:40) Posted:
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i can only say wish you all the best. balls of steel to buy this stock when it is so ridden with bad news and vibe.
Zindarion ( Date: 09-Mar-2017 09:37) Posted:
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Lets see by today 330pm will it sell down like yesterday or Buy up to hold and distribute to retailers.
Damn interesting to watch, hahahaha.
Fully loaded
Done
2millions shares
Gogogogo
Done
2millions shares
Gogogogo
good deductions..
but the balance of billions of shares out there ..may have their herd instinct...
run for your life....london bridge is falling down
Huatsweeswee ( Date: 09-Mar-2017 07:53) Posted:
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If to sell away 400mil he need to push even higher to sell down.
ahhuat08 ( Date: 08-Mar-2017 23:43) Posted:
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Rigoll
unloading shares
By:
Chan Chao Peh
09/03/17, 12:28 am
SINGAPORE (March 9): ISR Capital, under stress for links to penny stock saga mastermind John Soh Chee Wen, has lurched into yet another wave of troubles.
(See also: SGX to allow ISR Capital to resume trading on March 6 shares said to be manipulated by John Soh)
In a filing on Wednesday night, ISR announced that David Rigoll, the company?s largest shareholder, has resigned as an executive director with effect from Monday. He has also started dumping shares in the company.
Rigoll is accusing ISR of not paying him his salary for February this year. He is also planning not to honour a moratorium to sell or transfer his shares, said ISR.
Rigoll, 54, also accused ISR?s board for failing to ?act in accordance? to its duties. Specifically, he questioned the appropriateness of the appointment of ISR?s previous legal adviser, whose appointment puts it in a conflict of interest. ISR did not say who the legal adviser is.
?The Board has requested for Mr Rigoll to provide evidence to support his allegations. The Board has to-date, not received any such evidence to support Mr Rigoll's allegations, which the Board considers baseless,? the company said.
?For the avoidance of doubt, the Board and the Company deny all allegations made by Mr Rigoll and will be seeking legal advice if required,? it added.
In addition, Rigoll has alerted ISR he will withdraw a voluntary undertaking to not sell or transfer ISR shares held by him before November 2017.
ISR drew attention to itself last June by trying to acquire a stake in a rare earth concession in Madagascar for $40 million from an entity called REO Magnetic. The same concession was bought by REO Magnetic for just one-seventh this price just six months earlier from a company listed in Dusseldorf. Up until June 3, Rigoll was a director of that German company, Tantalus Rare Earths AG.
Trading of ISR shares resumed only this Monday following a suspension by SGX that began on Nov 27 last year.
In a separate filing, ISR said Rigoll has sold nearly 21.3 million shares at an average of 4.7049 cents per share, with a total value of $ 1,000,859.
Rigoll first bought into ISR last year, paying Value Capital Asset Management (VCAM) 0.5 cent a share for VCAM?s stake in ISR. VCAM has an on-going $35 million convertible bond programme with ISR and the shares Rigoll bought from VCAM came from a tranche of bonds which were converted by VCAM into new ISR shares.
According to ISR filings, even after Monday?s sale, Rigoll is still the largest shareholder by far, with 407,840,300 shares, or 26.07% stake -- down from 27.43% before the sale.
ISR?s board now sees Rigoll?s sale of shares on Monday as a breach of agreement and will be seeking legal advice.
When ISR shares resumed trading on Monday, it dropped by 80% from the pre-suspension price of 12.7 cents. On Wednesday, the shares closed 25% lower at 3 cents.
(See also: ISR Capital plunges 76.4% on opening at resumption of trading)
unloading shares
By:
Chan Chao Peh
09/03/17, 12:28 am
SINGAPORE (March 9): ISR Capital, under stress for links to penny stock saga mastermind John Soh Chee Wen, has lurched into yet another wave of troubles.
(See also: SGX to allow ISR Capital to resume trading on March 6 shares said to be manipulated by John Soh)
In a filing on Wednesday night, ISR announced that David Rigoll, the company?s largest shareholder, has resigned as an executive director with effect from Monday. He has also started dumping shares in the company.
Rigoll is accusing ISR of not paying him his salary for February this year. He is also planning not to honour a moratorium to sell or transfer his shares, said ISR.
Rigoll, 54, also accused ISR?s board for failing to ?act in accordance? to its duties. Specifically, he questioned the appropriateness of the appointment of ISR?s previous legal adviser, whose appointment puts it in a conflict of interest. ISR did not say who the legal adviser is.
?The Board has requested for Mr Rigoll to provide evidence to support his allegations. The Board has to-date, not received any such evidence to support Mr Rigoll's allegations, which the Board considers baseless,? the company said.
?For the avoidance of doubt, the Board and the Company deny all allegations made by Mr Rigoll and will be seeking legal advice if required,? it added.
In addition, Rigoll has alerted ISR he will withdraw a voluntary undertaking to not sell or transfer ISR shares held by him before November 2017.
ISR drew attention to itself last June by trying to acquire a stake in a rare earth concession in Madagascar for $40 million from an entity called REO Magnetic. The same concession was bought by REO Magnetic for just one-seventh this price just six months earlier from a company listed in Dusseldorf. Up until June 3, Rigoll was a director of that German company, Tantalus Rare Earths AG.
Trading of ISR shares resumed only this Monday following a suspension by SGX that began on Nov 27 last year.
In a separate filing, ISR said Rigoll has sold nearly 21.3 million shares at an average of 4.7049 cents per share, with a total value of $ 1,000,859.
Rigoll first bought into ISR last year, paying Value Capital Asset Management (VCAM) 0.5 cent a share for VCAM?s stake in ISR. VCAM has an on-going $35 million convertible bond programme with ISR and the shares Rigoll bought from VCAM came from a tranche of bonds which were converted by VCAM into new ISR shares.
According to ISR filings, even after Monday?s sale, Rigoll is still the largest shareholder by far, with 407,840,300 shares, or 26.07% stake -- down from 27.43% before the sale.
ISR?s board now sees Rigoll?s sale of shares on Monday as a breach of agreement and will be seeking legal advice.
When ISR shares resumed trading on Monday, it dropped by 80% from the pre-suspension price of 12.7 cents. On Wednesday, the shares closed 25% lower at 3 cents.
(See also: ISR Capital plunges 76.4% on opening at resumption of trading)
So nearly wanted to play this counter but my investment sense stopped me..... read the news and this conflict is super major.
ahhuat08 ( Date: 08-Mar-2017 23:43) Posted:
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David Rigoll just sold 21 million shares out of his original 429 million shares as he us resigning from the company. However, the board of directors have alledged that this sale has contradicted David' s previous deed if undertaking/moratorium, hence the board is seeking legal advise.
400 over million shares of isr to flood the mkt soon? Or will he withhold the sale of his shares?
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast6MonthsSecurity& F=1GMUH0R2EIC11F4V& H=ccc641a1df5f29a1c2b0ac0da87e4f520de6a428f2d514d378854e851e5ae7d9