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Last chance to buy at $0.003 before Luo ShanDong consolidates his largest shareholder position from his undertaking from the rights issue which closes tomorrow
High Volume these few days...
Rights price is $0.0036...
SmallSmall ( Date: 15-Aug-2016 22:32) Posted:
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Last day trading cum 18-August 2016 (This Thursday).
Last chance to buy below rights price of $0.0032.
Notice is hereby given that the register of members and the register of share transfer books of the Company will be closed at 5.00 p.m. on 23 August 2016 (the &ldquo Books Closure Date&rdquo ) for the purpose of determining the provisional allotments of Rights Shares to Entitled Shareholders under the Rights Issue.
Agreed. If intend to subscribe the rights .... and believe in the new management .... it' s better to buy from open market now at 0.003. Who knows ... maybe if during rights trading, and the share price will somehow go up above 0.0036 (or 0.004) to encourage subscription of rights, those who buy now can sell it at higher price ... and then subscribe the rights at lower price
goodman ( Date: 12-Jul-2016 06:32) Posted:
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Any idea when is the Book Closure Date for the rights issue?
There have been couple of sell down to the buy price which I think is better than getting the rights. I don't think I will subscribe to the rights when my buy price is already at 3. How about you guys? Taking up the rights? If wana take up the rights why not take now at buy price?
No book closure date yet as the dates are not out.
If you can buy at $0.003 it is better than the rights issue price of $0.0036.
When is the book closure date? When need to subscribe for the right ?
SmallSmall ( Date: 29-Jun-2016 22:35) Posted:
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lol, you make it sound like you can sell the shares you bought at 0.003 successfully at 0.004 within a week (contra deadline)
look at the queues.
AloisOZH ( Date: 10-Jul-2016 22:45) Posted:
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please do not contra.
especially micro caps.
especially micro caps.
AloisOZH ( Date: 10-Jul-2016 22:45) Posted:
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Hi everyone,
I recently came across contra trading and I was thinking that since the price of Cedar Strategic consistently fluctuates between 0.003 and 0.004. Wouldn' t it make sense if I were to keep buying at the former price and sell it at the latter price to earn some quick cash? Or is it too good to be true? (i.e. it goes against SGX trading rules?)
My thanks.
Enjoy...
Luo Shan Dong is steady. He " put your money where your mouth is"
Money talks the rest does not matter
I like this Ah Tiong.
Extracts :
2. IRREVOCABLE UNDERTAKING
2.1. Irrevocable Undertaking: As at the date of this announcement, Mr Luo Shandong (the &ldquo Undertaking Shareholder&rdquo ) has approximately 10.34% of the existing issued share capital of the Company of 10,366,782,808 Shares. In order to show his support for the Rights Issue and to demonstrate his commitment and confidence in the prospects of the Group, the Undertaking Shareholder has provided the Company with a deed of undertaking dated 29 June 2016, pursuant to which he has unconditionally and irrevocably undertaken to the Company, inter alia, (the &ldquo Irrevocable Undertaking&rdquo ):
* (i) to fully subscribe and/or procure subscription for his pro rata Rights Shares entitlement, based on the LSD Shares, under the Rights Issue
* (ii) to subscribe and/or procure subscription for all the excess Rights Shares which are not subscribed or otherwise taken up and/or applied for by the other Shareholders on the basis that he will rank last in priority in the allotment of excess Rights Shares which are not taken up by the other Shareholders, provided always that his subscription and/or procurement of subscription of his pro rata Rights Shares entitlement and such applicable excess Rights Shares shall not exceed the sum of S$3,000,000
*
* (iii) not to transfer, sell or otherwise dispose of any or all of the LSD Shares in which he has a direct interest from the date of the Irrevocable Undertaking until the Books Closure Date, and to procure that none of the LSD Shares in which he has an indirect interest shall be transferred, sold or otherwise disposed of from the date of the Irrevocable Undertaking until the Books Closure Date
* (v) that he shall deposit with the Company a sum of Singapore Dollars Three Million (S$3,000,000.00) (the &ldquo Deposit&rdquo ) within three (3) days of the date of the Irrevocable Undertaking for the purposes of fulfilling his obligations pursuant to the Irrevocable Undertaking.
* (vi) in addition to the Irrevocable Undertaking, that he shall also provide the Company with a letter of intention to indicate to the Company his non-binding intention to take up such other excess Rights Shares which are not subscribed or otherwise taken up and/or applied for by the other Shareholders, provided always that his subscription and/or procurement of subscription of such applicable excess Rights Shares shall not cause his shareholding in the Company to exceed twenty-nine percent (29%) of the enlarged share capital of the Company subsequent to the Rights Issue
Enjoy the rally..
2 for 1.
trying to raise $20mil.
cornerstone investor is the China man with 1billion shares...he will deposit $3mil means he subscribe is abt 1bil shares..
can see 0.006 - 0.007 soon?
trying to raise $20mil.
cornerstone investor is the China man with 1billion shares...he will deposit $3mil means he subscribe is abt 1bil shares..
can see 0.006 - 0.007 soon?
SaltyCake ( Date: 29-Jun-2016 21:05) Posted:
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Rights issue??
SmallSmall ( Date: 29-Jun-2016 19:51) Posted:
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Those load at 2..100% profit...haiz....mine closed at 3,weeks ago...50%profit ONLY..hihi
Slowly but surely. Like a Phoenix rising from the ashes.
$0.004 would be cleared soon :)
One direction ... Up... Enjoy..