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I just sold 25lots at 0.055 seeing so many done at that level.
I vested 25000 at 4c.
I do not know who get the shares. If the investment banks or managers get them we have less worry, but if the broking houses get them they probably sell them soon.
Sorry i meant entitled.....since they announced completion of placement share...listing and quotation of the placement share on the official list of the sgx-st is expected to take place on 27 mar 2007
Pandan....may i know who is intitled to the placement share?
Those who received the placement shares can sell from 27/3/07 . Their cost is 3.6cents. Supposing a rich trader paid $18000 for 500000 shares, the floating profit when the last traded is 4.5c is $4500. Will he take profit which is 25% ? There are 171.5 million overhanging.
ipunter....i agree....vested a little so will see how it go, thanks
For low-priced penny stocks like this one, just one click down is enough to cause you many tense days and sleepless nights!
I see.....hmmm....more share more liquid.....if more share less demand, price will fall......but price seems holding....hmmmmm
thanks scotty
I don't think you need to subscribe or apply... they are just increasing the number of shares available to the public. More shares out there make it more liquid.... which is good, I guess. If its a private placement, then the stocks are "reserved" to someone, usually the big boys.
I see ..... so how will we know if we can subscribe/apply? is it to wait for further announcement? pardon me for being so green.....thanks again scotty
"placement" means they want to make more new shares available to the market.
Scotty....understand demand & supply....just dont understand is it for application or what? dont understand what "placement share" mean, thanks though.
More shares out in the market place probably means the share price will fall right? Law of supply and demand .... increase the supply and if demand doesn't increase, the price falls.
Hi all, wonder if anyone can help me with this.....how does this work and does it affect share price? thanks
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_0EB6D6BCEBFF05A6482572A70038A7CD/$file/ABTERRAINPRINCIPALAPPR230307.pdf?openelement