Infinio   

Infinio

so should sell at 003 or wait?

SmallSmall      ( Date: 25-Jan-2018 11:51) Posted: :)

 

:)

 

Hehe. Did they get rid of the 2 pests?

SmallSmall      ( Date: 23-Jan-2018 04:08) Posted: RECONSTITUTION OF BOARD AND BOARD COMMITTEES Out with the old and in with the new ! The only thing constant would be change.....for the better :)

 

RECONSTITUTION OF BOARD AND BOARD COMMITTEES
Out with the old and in with the new ! The only thing constant would be change.....for the better :)

 

press down price for vwap placement price... now can slowly move up

 

Placement of 1.2 bil shares @ $0.0018 to business associates of Wang Zhen Weng.
In total they would have amassed a controlling stake of 51.3% after the placement (though they are not acting in concert ?)
I see money coming in and I see stock trending higher like Blumont :)

 

:)

RECEIPT OF NO-OBJECTION FROM THE SGX-ST FOR THE EXTENSION OF TIME FROM 31 DECEMBER 2017 TO 30 JUNE 2018 TO HAVE A VIABLE BUSINESS
Further to the announcement dated 28 December 2017, the Board of Directors (the ?Board?) of Infinio Group Limited (the ?Company?) wishes to update shareholders that the Singapore Exchange Securities Trading Limited (?SGX-ST?) has on 17 January 2018 advised that it has no objection to the Company?s application to seek for an extension of time to demonstrate that it has a viable business to maintain its listing status from the existing deadline of 31 December 2017 to 30 June 2018.

 

Another new substantial shareholder Lim Soon Fang has amassed a 6.97% holding in this company @ $0.001 via off market trade.
Quite a colorful past on this character. 

 

Now I half hearted, maybe cancel my queue at 0.001.  I don' t buy any stock I don' t understand.   

TigTig      ( Date: 16-Jan-2018 23:03) Posted: Bro, the puzzling thing is the seller could have sold at 0.002, there is a buy queue of more than 100 million shares at 0.002.  Why did seller sell at half price?    Scatching my head over this, something is not quite right.  Berani      ( Date: 16-Jan-2018 22:59) Posted: so good immediately sold at 0.002 tomorrow... 100% gai

 

Bro, the puzzling thing is the seller could have sold at 0.002, there is a buy queue of more than 100 million shares at 0.002.  Why did seller sell at half price?   
Scatching my head over this, something is not quite right. 

Berani      ( Date: 16-Jan-2018 22:59) Posted: so good immediately sold at 0.002 tomorrow... 100% gain TigTig      ( Date: 16-Jan-2018 21:10) Posted: SGX filing today. Lim Soon Fang bought 175.75 Million Infinio on 12 january at  0.001.      Strange, but how did he manage to jump the 0.0002 Buy q?    Likely a married deal outside.

 

so good immediately sold at 0.002 tomorrow...

100% gain

TigTig      ( Date: 16-Jan-2018 21:10) Posted: SGX filing today. Lim Soon Fang bought 175.75 Million Infinio on 12 january at  0.001.      Strange, but how did he manage to jump the 0.0002 Buy q?    Likely a married deal outside.

 

SGX filing today.

Lim Soon Fang bought 175.75 Million Infinio on 12 january at  0.001.     

Strange, but how did he manage to jump the 0.0002 Buy q?    Likely a married deal outside.
     

 

Wang has 26.98% of Infineo, having bought 680 million shares.  This works out to a whopping 2.5 billion outstanding shares.  All waiting to sell to you at 0.003, hehe.   
 

 

this counter is safer than ABL... as company now is debt free n clean....

 

Slowly but surely....when the tide flows in, everything will rise :)

 

Next to run after Blumont ?

SmallSmall      ( Date: 08-Jan-2018 11:53) Posted: With new sharehokder Wang Zhen Wen mopping up 680,213,800 shares representing 26.98% of the issued share capital of the Company, the transformation of this company into a property play will soon begin

 

With new sharehokder Wang Zhen Wen mopping up 680,213,800 shares representing 26.98% of the issued share capital of the Company, the transformation of this company into a property play will soon begin

 

So far, Board changes have been announced. But the two still there, only add two new guys, still got some way to go. There are too many shares outstanding so can't expect a jump as there are sellers stuck and just waiting to unload. I find it challenging for new guy. The costs are still there even with no business now add another 2 directors will burn more cash. The new CEO is the construction guy who paid the debts. Now he song song collect salary. See what he can do. My q still firm at 1. Can buy at 2 but be prepared for long stay. Anticipate new guy may do rights. I doubt placement will work.just my thoughts only.

 

:) With Blumont as the market leaders, the rest of the troops are advancing too ... (only those wihtout CBs please)

joker1980      ( Date: 16-Dec-2017 20:52) Posted: Lets prepare for the monday ride SmallSmall      ( Date: 16-Dec-2017 12:04) Posted: No more CB means no more death spiral ! Hurray. TERMINATION OF 1.0% EQUITY LINKED REDEEMABLE CONVERTIBLE NOTES DUE 2020 AND SETTLEMENT OF LOANS All capitalized terms used in this announcement, unless otherwise defined herein, shall have the same meanings as ascribed thereto in the Company?s circular to Shareholders dated 17 May 2017 relating to the proposed issue of 1.0% equity linked redeemable convertible notes due 2020 In aggregate principal amount of up to S$20,000,000 (?Proposed Notes Issue?) (the ?Circular?). The Board of Directors of Infinio Group Limited (the ?Borrower? or ?Company? and together with its subsidiaries, the ?Group?) refers to the Circular in relation to the Proposed Notes Issue and wishes to announce that the Company had on 14 December 2017 terminated the Subscription Agreement together with the Supplemental Agreement (the ?Termination?). Pursuant to the terms and conditions of the Termination, the parties to the Subscription Agreement, being the Company, the Subscriber and ACPAM agrees to release and discharge each party from further observance and performance of the Subscription Agreement and to terminate the Subscription Agreement. Under the terms of the Termination the Company has agreed to pay to the Subscriber a termination amount of S$251,007 being full and final settlement and there are no other salient terms of the Termination to be disclosed. As at the date of this announcement, there are no Notes outstanding which has been issued and not converted. The Company had on 14 December 2017 also entered into a settlement letter with AOF to settle all outstanding loans and advances extended by AOF to the Company (the ?Settlement?). Pursuant to the terms of the Settlement, the Company agreed to pay AOF a settlement amount of S$471,053 as full and final settlement of all or any claims which the Company and AOF have or may have against each other. There are no other salient terms to be disclosed. The Proposed Notes Issue is interest-bearing and it is in the Company?s interest to reduce its interest expense. The Proposed Notes Issue is also potentially significantly dilutive to existing shareholders. Funding for the Termination and Settlement is from the interest-free loan of $2,950,000 announced on 12 December 2017. The Company does not expect the Termination and the Settlement to have a material impact on the EPS and NTA of the Group for the financial year ending 31 March 2018.

 

keep the taith, stay calm in the midst of the storm.    if you don' t have the share, you have nothing lost.  If you bought at 0.002, and you need to sell at 0.001, you make a loss of more than half you invested in. 
If you stay calm and buy at 0.001, even if you need to sell urgently for any reason, your loss is limited to brokerage fees. 
It' s a test of nerves and logic. 

there are many sellers out there, who have been holding to the shares for a long long time, and they are tired.    wait for them to sell to you at 0.0001.

In case you do not know, there are 2.5 billions sellers, potentially.    why so gan chiong?      Stay calm, keep the faith, buy only at 1.