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The SH only have 12% plus proxies, the other major shares hold by management, their proxies, Dato , Datin and Towkays plus retail investors like us...if we don' t want Blumont to file for Cap 13 , the Dato ,Towkay, Management and we all should be able to fenced off the SH.... (I think only)
buying volumn increase is good sign.
support is still there.
be patient.
Seems like as of the rights announcement they didn' t even have any substantial shareholder support yet. Sure they will be there? This board appears to have only 180mil share support from the results of the last EGM.
NON-UNDERWRITTEN
The Company intends to undertake the proposed Rights Issue on a non&ndash underwritten basis in view of the savings in costs by the Company in respect of no underwriting fees. However, the Company will be approaching its substantial shareholders to obtain undertakings from them to subscribe for and/or procure the subscription of their respective pro rata entitlement to the Rights Shares. As and when the Company has secured any such undertakings, it will update Shareholders accordingly in an announcement.
ysh2006 ( Date: 25-Jun-2015 21:58) Posted:
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i though still got last right issue at 0.01.
how come now got another right issue leh
ysh2006 ( Date: 25-Jun-2015 21:58) Posted:
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Supposed this time if happened, the managememt will get enough number of shares to counter this SH loh... a Dato & Towkay will come ...( I think only)
Observers ( Date: 25-Jun-2015 21:07) Posted:
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Another rights issue. 2 rights for every 1 share less than 50% of total share capital so no need to call for EGM.
I wonder if the single largest shareholder with more than 10% of total shares who rejected the last rights issue call for an EGM to make things interesting again.
what if there' s least interest on buying the rights share?
What was that news about Blumont Yesterday!!!!
Hope it at the least gets the stock active in a few days.
Under the circumstances, creditors should not push hard on the company but be sympathetic. Helping the company to recover is helping themselves.
For forgiving some debts, they can save livelihoods. They can look at the ways the US government has done to help ailing companies hit by the 2008 economic crisis. Provide bailouts and eventually enjoy the outcome of prosperity in the later years, lol.. How to do it? They must think how to help the company, hahaha.
KepoChicken ( Date: 19-Jun-2015 13:34) Posted:
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need tompick up the shares.
lesson tell me. if no ABL wind.. never buy ABL shares
ysh2006 ( Date: 18-Jun-2015 20:32) Posted:
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Must wait next week how the management taik to the debtors lah...' reduce debt amount or collect nothing' ?..now" my shareholders don' t want to give $ , so I can' t O $ pay $ loh .pay shares you want ?"
KepoChicken ( Date: 18-Jun-2015 18:02) Posted:
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buy 0.01....yesterday.
whole day just stagnant
KepoChicken ( Date: 17-Jun-2015 09:47) Posted:
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ABL today so so quiet
haruta ( Date: 16-Jun-2015 20:36) Posted:
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Come, join me.
Demostation ( Date: 16-Jun-2015 14:58) Posted:
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Will Greece default their debt ?...the most get out of EU...Will see by next week...
Demostation ( Date: 16-Jun-2015 14:50) Posted:
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Sold off all pennies and now scouting to buy the best pennies, any recommendation?
peace.lehh ( Date: 16-Jun-2015 14:55) Posted:
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so you are the culprit that sell down
this counter today.
You' ve sold your shares?
Demostation ( Date: 16-Jun-2015 14:50) Posted:
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Think no chance to make it back to 5 cents.
Bite bullet and sold off all, liao at good loss.
duno when blumont will be like last time.. very hot again
derekchong ( Date: 16-Jun-2015 13:55) Posted:
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