AUSSINO   

AUSSINO - Myanmar U Zaw Zaw

between the high of 147 on 25-Jul-13 and the support of 112 on 5-Jul-13, 6-Jul-13 and 12-Jul-13 ... looking  towards a  retracement toward 130, hopefully in the coming sessions ...

 

guess the 147 on 25-Jul-13 is probably a good barometer for the atmosphere

 

wake up call ?

 

is collector upping the ante at 117 today ?

 

hehe ..... this one like suddenly turning low profile into quiet  collection mode at 115 .....

 

the pennies sector is turning very bullish ..... and is only the beginning .....

 

thanks ... can re-capture 113 here too ...

 

yesterday was bears ..... guess today the fully-charged bulls are gonna bull-doze the bears .....

 

Last 5 minutes force down 3 bits, from 0.115 to 0.112 at 2540 done. dun know anyone manipulating correctly ?

 

 

yes !  gotcha .....

 

how much more it's gonna drop further? what is the resistance n support?

anybody can adv? thks

 

hi,

new on the market, what do u all think of the chances of going up or will it still go down further?

 

 

hmmm ..... nicely consolidated from it's recent high of 147 .....

 

thanks a lot for sharing

Octavia      ( Date: 30-Jul-2013 16:39) Posted: It alrdy official the grp  had terminated the proposed reverse-takeover offer by Max Strategic Investments (the energy business of Max Myanmar group, owned by Myanmar’s tycoon U Zaw Zaw). The group also informed shareholders that it is actively seeking other potential investments and proposals to enhance its financial position and is requesting a time extension to meet the minimum listing criteria in order to be removed from SGX Watch-List by 6 Sep 13, failing which the company will be de-listed. seanpent      ( Date: 30-Jul-2013 15:17) Posted: another possible view point ..... is that the RTO is still ongoing ..... and  the info is considered a good update/follow up  for us .....

 

It alrdy official the grp  had terminated the proposed reverse-takeover offer by Max Strategic Investments (the energy business of Max Myanmar group, owned by Myanmar’s tycoon U Zaw Zaw).

The group also informed shareholders that it is actively seeking other potential investments and proposals to enhance its financial position and is requesting a time extension to meet the minimum listing criteria in order to be removed from SGX Watch-List by 6 Sep 13, failing which the company will be de-listed.

seanpent      ( Date: 30-Jul-2013 15:17) Posted: another possible view point ..... is that the RTO is still ongoing ..... and  the info is considered a good update/follow up  for us .....

 

another possible view point ..... is that the RTO is still ongoing ..... and  the info is considered a good update/follow up  for us .....

 

while reading the fine prints, technically seems the RTO is still not over yet as there's mentioned  of " explore potential ways to restructure the transactions" ?

Octavia      ( Date: 30-Jul-2013 14:47) Posted: Not surprised that  the deal fell though.They can come up with another sexy story  again. Sometimes I feel that these RTO deals are a syndicate devised by the SSH & BBs.Their plan is to make  the counter alive and  suck money from the retailers.So in the end who are the fools?Sigh. seanpent      ( Date: 30-Jul-2013 14:34) Posted: will it be a blessing since it's possible to open itself up to other even better choices

 

Not surprised that  the deal fell though.They can come up with another sexy story  again.

Sometimes I feel that these RTO deals are a syndicate devised by the SSH & BBs.Their plan is to make  the counter alive and  suck money from the retailers.So in the end who are the fools?Sigh.

seanpent      ( Date: 30-Jul-2013 14:34) Posted: will it be a blessing since it's possible to open itself up to other even better choices ? Octavia      ( Date: 30-Jul-2013 14:29) Posted: Aussino's RTO plan with Myanmar energy group falls through Bedlinen retailer Aussino Group on Tuesday said its reverse takeover (RTO) deal with the energy business of Max Myanmar Group has been terminated. This was because conditions to their sale and purchase (S& P) agreement signed last year had not been fulfilled or waived within the deadline of 12 months from the agreement dates. " Separately...the parties thereto are obliged to discuss in good faith and explore potential ways to restructure the transactions contemplated in the S& P agreement within three months of the SGX-ST's rejection of the application,'' the company said in a statement. " The company and the vendor had not been able to arrive at a mutually agreeable structure for the proposed acquisition," it added.

 

will it be a blessing since it's possible to open itself up to other even better choices ?

Octavia      ( Date: 30-Jul-2013 14:29) Posted: Aussino's RTO plan with Myanmar energy group falls through Bedlinen retailer Aussino Group on Tuesday said its reverse takeover (RTO) deal with the energy business of Max Myanmar Group has been terminated. This was because conditions to their sale and purchase (S& P) agreement signed last year had not been fulfilled or waived within the deadline of 12 months from the agreement dates. " Separately...the parties thereto are obliged to discuss in good faith and explore potential ways to restructure the transactions contemplated in the S& P agreement within three months of the SGX-ST's rejection of the application,'' the company said in a statement. " The company and the vendor had not been able to arrive at a mutually agreeable structure for the proposed acquisition," it added.

 

Aussino's RTO plan with Myanmar energy group falls through

Bedlinen retailer Aussino Group on Tuesday said its reverse takeover (RTO) deal with the energy business of Max Myanmar Group has been terminated. This was because conditions to their sale and purchase (S& P) agreement signed last year had not been fulfilled or waived within the deadline of 12 months from the agreement dates. " Separately...the parties thereto are obliged to discuss in good faith and explore potential ways to restructure the transactions contemplated in the S& P agreement within three months of the SGX-ST's rejection of the application,'' the company said in a statement. " The company and the vendor had not been able to arrive at a mutually agreeable structure for the proposed acquisition," it added.