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the drop so slow
not many buyers de....the sellers waiting to short it down to 0.20
by the time the deal go thru....u would have made lots of $$$....lol
a_patche ( Date: 04-Mar-2013 10:21) Posted:
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I just short too. The graph doesn't look good ... too risky.
When this stock raised my interest it is already 6 months since the reverse takeover was mooted... An rto is exactly the same as ipo or normal listing in Singapore context... Minimum it will take 6-9 months because there will be reporting auditors, lawyers, underwriters and lead mgr which in this case is Prime Partners. According to someone here its already 7 mths so its in only the "minimum" period. If at comfortable rate, an ipo or rto should take 9-12months ie no rush... As I feel all parties inculding sgx have interest to rush this rto I feel we should see rto happen in the 6-9months period ie if not now (7th month) in the next two months. We are betting on this, if not we hold because if U Zaw Zaw is not approve in Sgx then he will go Malaysia or Hkg who will love to hook him over... Also PR wise it's not good for Singapore as U Zaw Zaw and gang would have lost real money spent on unsuccessful rto... Other Myanmar entrepreneurs will think twice to take this route again...
a_patche ( Date: 04-Mar-2013 08:37) Posted:
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break yest 0.20 > > > > 0.15
just short....not much buyers le
Listing, how do you know the reverse takeover is more sure? I don't see any news on it ...
Price dropped drastically :(. Wondering whether I should just give up on this counter and minimize losses ...
Listing ( Date: 03-Mar-2013 01:36) Posted:
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Be very careful, chart does not look good. Potential head and shoulders forming. Could be good news discounted already at this price. This stock rose from the ashes below 5cts last year. Signs of distribution by BBs recently.
Not vested, just an opinion :)
I would not have entered 7 mths ago as too much uncertainty - I entered in February - after cross checking and be more sure of the reverse takeover. So to me it's only 3 weeks have been hearing of impending reverse takeover...
7mth liao...sure be succcessful
Opportunity to buy more before reverse takeover announcement!
I think there's already another thread on Aussino ...
Lets start discussion on this stock that's awaiting reverse take over Myanmar businessman U ZAW ZAW and injection of his Burmese businesses.