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czcx
Edward's father is in Lee's foundation , if his father Bernard can influence the management to put some of the fund from the foundation into IPCO, then really tua huat.
3,000,000 shares is not going to shore up any support.
starlene ( Date: 30-Nov-2013 14:41) Posted:
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Don't think so. Can reach 2.5 by the end of the year very very happy already.
serious ( Date: 30-Nov-2013 16:11) Posted:
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If Edward Lee goes back to Lee Foundation to buy ipco, then it will fry thru thru roop.
Edward who sold shares at higher level bought 20m on 14 OCT.....22/24 cents
Obviously Edward Lee Ewe Ming trying to support IPCO at 20/21 cts level by buying 3mil on 28 Nov 2013
..yet the price dropped to 0.019..gone case..better don't touch this counter
i didn't follow the saga closely so i don't know. i m just thinking that if sun spirit is involved then ipco is implicated, which will rattle its reputation n investors' confidence.
I thought most of the Blumont shares that sun spirit was holding were transferred to ipco prior to the freeze?
Bluemanta ( Date: 28-Nov-2013 22:06) Posted:
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defending his investments? any lower and he is going to suffer big losses. the fact that sun spirit group is also targeted by the legal action to freeze its assets can't be good...
...when the price is lower.. one should buy more...may see more actions from him?...
They broke, can't afford too many lots.
hmphie ( Date: 28-Nov-2013 19:35) Posted:
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That's like $60,000? Zzz...
nqing87 ( Date: 28-Nov-2013 19:32) Posted:
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http://infopub.sgx.com/FileOpen/EdwardLeeForm3.ashx?App=Announcement& FileID=266082
3k lots bought by edward today, giving us his little support lol
Wise word from a Sifu to me.. For those whose has high hopes for ipco. "It can't go up much as there are too many dead people up there"
Click on link to see IPCO/Sun Spirit trades/transactions of Blumont shares: http://blumont.listedcompany.com/stock_insider.html/year/2013/trader_type/SSH
Last:0.02 Vol:30764k
+0.001...3rd position in Top 20 Vol :-(
SINGAPORE] Global broking giant Interactive Brokers has launched the largest legal action so far in the wake of October's penny stock collapse, taking aim at at least 10 clients as it seeks to recover about US$68 million of losses.
BT understands that Interactive Brokers launched arbitration proceedings earlier this month against 10 individuals and entities through the American Arbitration Association.
Pending the start of arbitration proceedings, the global broker has also obtained court orders in Singapore and Malaysia to freeze the assets of eight of those clients, including certain directors and shareholders of Asiasons Capital, Blumont Group, LionGold Corp and Innopac Holdings - four of the stocks at the centre of last month's selldowns.
According to court documents inspected by The Business Times and confirmed by sources, Interactive Brokers on Nov 8 sought court orders to freeze the assets of Malaysian nationals Neo Kim Hock, Peter Chen Hing Woon, Tan Boon Kiat, Quah Su-Ling, Lee Chai Huat and Kuan Ah Ming and two British Virgin Islands-registered companies, Sun Spirit Group Ltd and Neptune Capital Group Ltd
BT understands that Interactive Brokers launched arbitration proceedings earlier this month against 10 individuals and entities through the American Arbitration Association.
Pending the start of arbitration proceedings, the global broker has also obtained court orders in Singapore and Malaysia to freeze the assets of eight of those clients, including certain directors and shareholders of Asiasons Capital, Blumont Group, LionGold Corp and Innopac Holdings - four of the stocks at the centre of last month's selldowns.
According to court documents inspected by The Business Times and confirmed by sources, Interactive Brokers on Nov 8 sought court orders to freeze the assets of Malaysian nationals Neo Kim Hock, Peter Chen Hing Woon, Tan Boon Kiat, Quah Su-Ling, Lee Chai Huat and Kuan Ah Ming and two British Virgin Islands-registered companies, Sun Spirit Group Ltd and Neptune Capital Group Ltd
=.=
No ofense, I really find your post baffling.....
In previous postings, you said this counter won't move up (TKK thingy) and insulted the holders (aka investors) as low intelligent animals waiting for UFO.
Alright fine maybe this counter is really bad, perhaps we really made the wrong decision holding it.
But after it fell just by 2 pips (or maybe 3pips), you started to talk about " how it will rise but don't know when" .
Can I therefore assume that you got on board already?
moneycow ( Date: 27-Nov-2013 14:11) Posted:
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I guess, if it cannot hold at 1.9 by day day or near - it will hit 1.8. Thats the lowest it would touch. And after that its all the way up. BUT just don't know when and what pattern it will move up. BUT if its like the last time for no reason move more than 10 steps in a day - it won't sustain.
IPCO perhaps hold this record being a one day hero. Obviously its played.
If IPCO is serious about running its natural gas business in China, the following news may be positive for IPCO :
PUBLISHED NOVEMBER 26, 2013
China mulls ways to allow private investment in energy
[BEIJING] The Chinese government is studying ways to allow more private investment in the energy sector, the National Energy Administration (NEA) said on Tuesday, as part of a wider reform to boost the economy.
China, the world's largest energy consumer, is gradually opening up the industry, but core businesses such as oil and gas exploration are still tightly controlled by state-owned firms.
"NEA is making efforts to remove policy obstacles for private capital to participate in energy development and provide a fair competitive environment for private firms," the administration said on its website.
The government will simplify approvals for coal-fired plants and power grid projects, support private investment in oil and gas exploration and development and set requirements for refineries that can import crude oil, it said.
PUBLISHED NOVEMBER 26, 2013
China mulls ways to allow private investment in energy
[BEIJING] The Chinese government is studying ways to allow more private investment in the energy sector, the National Energy Administration (NEA) said on Tuesday, as part of a wider reform to boost the economy.
China, the world's largest energy consumer, is gradually opening up the industry, but core businesses such as oil and gas exploration are still tightly controlled by state-owned firms.
"NEA is making efforts to remove policy obstacles for private capital to participate in energy development and provide a fair competitive environment for private firms," the administration said on its website.
The government will simplify approvals for coal-fired plants and power grid projects, support private investment in oil and gas exploration and development and set requirements for refineries that can import crude oil, it said.