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Safer to buy at 0.001, if you buy at 0.002 and exit at 0.001, it is a 100% loss! Bear this in mind. Unless you are very sure price will climb super high, it' s not advisable to get in at higher than 0.001, for this share there is no guarantee it will fly as there are 2.5 billion hungry mouths to feed. The new shareholder will need to raise funds to do justice to the project he embarked on, now he' s stuck with more than $4 milo sunk in so he either borrow money or get from existing shareholders. Another way is to sell the gold mine but they probably can only sell cheap, not $6 milo, lucky to get 1 milo for it, which is 0.0004 per share.
And the board of directors need to be fixed, first get rid of the CEO and Andy, the happy financier. Unless Andy can provide interest free loans, or at least cheap loans in return for shares.
no bullet liao..
if not will buy also
TigTig ( Date: 21-Dec-2017 19:44) Posted:
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Let?s hope he mops up more shares and disclose his plan for the company. $0.002 entry point should be pretty safe considering his open market purchase was made at $0.003
Wonder what the new investor want to do,clearing all debts and make it a debt free company
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.
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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.
Soon the price will surge
blackiewong ( Date: 15-Dec-2017 10:39) Posted:
Buy an empty shell to Raise more $$$$
SmallSmall ( Date: 15-Dec-2017 10:15) Posted:
| New shareholder emerges.
Wang ZhenWen who had extended an interest free loan of 2.95 mil to the company had bought a total of 680.2 mil shares @ $0.003 to become the single largest shareholder of Infinio with a 26.98%
Out the total, 56 mil were bought from open market at $0.003.
Buy at $0.002 and wait for the fruits to drop :)
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Buy an empty shell to Raise more $$$$
SmallSmall ( Date: 15-Dec-2017 10:15) Posted:
| New shareholder emerges.
Wang ZhenWen who had extended an interest free loan of 2.95 mil to the company had bought a total of 680.2 mil shares @ $0.003 to become the single largest shareholder of Infinio with a 26.98%
Out the total, 56 mil were bought from open market at $0.003.
Buy at $0.002 and wait for the fruits to drop :)
joker1980 ( Date: 13-Dec-2017 09:28) Posted:
| Got feeling that the new investor is the construction compan |
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New shareholder emerges.
Wang ZhenWen who had extended an interest free loan of 2.95 mil to the company had bought a total of 680.2 mil shares @ $0.003 to become the single largest shareholder of Infinio with a 26.98%
Out the total, 56 mil were bought from open market at $0.003.
Buy at $0.002 and wait for the fruits to drop :)
joker1980 ( Date: 13-Dec-2017 09:28) Posted:
Got feeling that the new investor is the construction company
SmallSmall ( Date: 13-Dec-2017 09:26) Posted:
| OEI LIANG JEN NICHOLAS REMIGIUS sold the block of 375,066,000 @ $0.003? (He holds the exact qty based on last annual report)
New shareholder emerging because that block represents 14.88% !
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Then will load some @ 0.001
Berani ( Date: 13-Dec-2017 16:44) Posted:
seem is the last chance for ppl to run at 0.002...
next day should be 0.001 Vs 0.002
Msport ( Date: 13-Dec-2017 16:25) Posted:
| abit only la... got stuck more at higher price.. |
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seem is the last chance for ppl to run at 0.002...
next day should be 0.001 Vs 0.002
Msport ( Date: 13-Dec-2017 16:25) Posted:
abit only la... got stuck more at higher price...
blackiewong ( Date: 13-Dec-2017 15:09) Posted:
MSport, how much share u buy @ 0.002
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got idiot buy 1m at 0.003... lol
Nothing to comment,too fake
abit only la... got stuck more at higher price...
blackiewong ( Date: 13-Dec-2017 15:09) Posted:
MSport, how much share u buy @ 0.002
Msport ( Date: 13-Dec-2017 15:08) Posted:
| fake buyers... bullshit company |
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MSport, how much share u buy @ 0.002
Msport ( Date: 13-Dec-2017 15:08) Posted:
| fake buyers... bullshit company |
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fake buyers... bullshit company
Haha,as expected,here comes the ride,force people to sell low and they absorb before they pump up
Msport ( Date: 13-Dec-2017 11:24) Posted:
| wow 50m buy order come in at 0.002 |
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wow 50m buy order come in at 0.002
no more CBs... think they call off already
SmallSmall ( Date: 13-Dec-2017 09:33) Posted:
But caution is also advised because there are CBs.
joker1980 ( Date: 13-Dec-2017 09:28) Posted:
| Got feeling that the new investor is the construction compan |
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so many ppl rush to exit at 0.002.. this morning
joker1980 ( Date: 13-Dec-2017 09:35) Posted:
Meaning?
SmallSmall ( Date: 13-Dec-2017 09:33) Posted:
| But caution is also advised because there are CBs |
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