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hello everyone.. different ball game lah. Big boy invest, even got delist, company still around, still have inventories, current assests,property etc and they are still in the game when delist and still controlling. For small investors / fund managers, if delist,game over, even you hold few million share, also very little compare to 19** millions issued. Anyway big boy hold share cannot sell, if they sell few percent, the market panick. No different for them even if company list or delist. For small investors or even fund manger, if delist, oh No!!!!!! am i right....
Anyone jumping onto Space Shuttle Columbia?
http://nextinsight.net/index.php/story-archive-mainmenu-60/916-2012/4924-jel-plastoform-big-investors-getting-in-small-caps
Not vested, just seeing whose a cowboy trader here.
Received the offer letter for subscription of rights (1 to 4 at $0.0035).
Not sure whether to subscribe or not?
Any advice please?
Latest news of JEL Corp...
Hv been halted for 3 days sinec Wednesday ...
0803 GMT [Dow Jones] Mobile phone repairer MDR (A27.SG) may rope in consumer goods distributor JEL Corp (J16.SG) as strategic investor, says foreign brokerage dealer; "JEL has a division doing telecommunications. So there might be some tie-up on that front." Possible deal follows recent resignation of JEL CEO Tan Boon Yong, appointment of Gilbert Ee (formerly from Rabobank) as new head from May 1. Stocks halted; both companies say they're separately in advanced talks relating to strategic investment. Deal, if true, will mean JEL likely to become major investor in MDR as latter seeking shareholders approval to issue up to 50% of its share capital. (FKH)
The price already factor in yesterday
JEL Corporation, which distributes consumer goods ranging from Duracell batteries to Nikon cameras, said local businessmen Koh Boon Hwee and Sam Goi have subscribed for 10 million and 20 million new shares in JEL respectively, at $0.22 per share, representing a 10.2% of JEL's enlarged share capital.
Both investors were also given a call option to buy 13.2m and 6.8m new shares at the same price.