W Corp   

Contel Corp

for unvested, yes can go for a long.   no way i will pump another 1000lot   in this..

clickshop1628      ( Date: 10-Apr-2013 08:27) Posted: Fundamentally, everything hinges on the RTO. 50/50 gamble. Technically, we can go for a long trade as yesterday's hammer like doji candle means buyers have stepped in to absorb the selling. I expect any retreat near 6.5/6.6 will be brief and the price may head towards 8cts soon. If I have more bullets, will definitely buy near these levels. Happy trading :)

 

Fundamentally, everything hinges on the RTO. 50/50 gamble.


Technically, we can go for a long trade as yesterday's hammer like doji candle means buyers have stepped in to absorb the selling. I expect any retreat near 6.5/6.6 will be brief and the price may head towards 8cts soon. If I have more bullets, will definitely buy near these levels.

Happy trading :)

 

I remember this hor. lol

We shall see ^^ 30 mins time.

iluvboost      ( Date: 09-Apr-2013 21:17) Posted: ONZ, if tmrw gap up, i give u big angbao. Huatahearnmoney      ( Date: 09-Apr-2013 20:47) Posted: Pay now so their ledger looks better. Before you guys flame terencee. Let me explain why it is a good news. By paying now, that means that their debt went down, that is first. Second- u think lawyers are dumb?? Why they want a stupid company that is gonma go burst? You are dumb, not the money minded lawyers. Apparently they are in the know for something... Not announced yet. With or without small cock blockers ... This share will gap up tmr. If it doesnt. I will galdy find cb blow u guys. Mai so dumb. Retards. Today was manipulated, and you guys arent heavily vested

 

Sifu, with humans, that is almost impossible.

Because when it rises, they will feel " bullish all over" (euphoric and biased).

When it falls, they will also be feeling the same (bullish and biased).

terencee      ( Date: 10-Apr-2013 07:44) Posted: Is only see if we can enter the correct time and exit before people sell.  student      ( Date: 10-Apr-2013 07:34) Posted: Actually, short and long, all kena whacked " trok trok" by the market.

 

Huatahearnmoney      ( Date: 10-Apr-2013 07:47) Posted: Bro, probably yuuzoo is buying in alrdy? Or they are using "shell" accounts to hold contel cheaper share so they got more shares later . There are so many BB around ... Haha ... Woah there are many secret contel loyalist here. Cheers to everyone. Our loyalty will be paid off handsomely clickshop1628      ( Date: 10-Apr-2013 07:12) Posted: It could also be that Stamford Law is fearful that Contel may not continue as a going concern so they have to grab whatever it can from the placement? Also Contel may announce an extension of time and not termination of RTO on 15 Apr, so price may not fall badly before SGX approves the listing. Just guessing of course to see all angles. But I tend to agree that RTO is still on although it may be delayed due to whatever reasons. If deal is already done, why BBs allow the price to crash? I thought they want a high price for share swop?

 

i think opening share price already reflects new below )

 

What I found from " Singapore Law Watch" good news or bad news? Please enlighten.

(http://www.singaporelawwatch.sg/slw/headlinesnews/23239-auditors-flag-issues-at-two-firms.html?utm_source=rss%20subscription& utm_medium=rss) 

" THE auditors of two Singapore-listed companies have highlighted that the firms may not be able to continue as going concerns.

Contel Corporation and Shanghai Asia Holdings, audited by Nexia TS Public Accounting Corporation and KPMG respectively, told the Singapore Exchange (SGX) yesterday that auditors had included an " emphasis of matter" section in their reports.

Nexia noted that Contel Corporation, a Hong Kong-based investment holding group that trades silicon in North America, had incurred a net loss of US$1.1 million (S$1.36 million) last year and that its current liabilities exceeded its current assets by US$1.1 million as of Dec 31 last year.

Given that Contel depends on its cash and bank balances - US$138,000 as of Dec 31 last year - for its continuing operations, there is a " material uncertainty" as to whether the group can continue as a going concern, Nexia said.

Contel's ability to keep operating as a business is dependent on its " ability to generate cash inflows from its existing operating activities and to raise additional funds from investors" , added Nexia."  

 

Bro, probably yuuzoo is buying in alrdy? Or they are using "shell" accounts to hold contel cheaper share so they got more shares later . There are so many BB around ... Haha ... Woah there are many secret contel loyalist here. Cheers to everyone. Our loyalty will be paid off handsomely

clickshop1628      ( Date: 10-Apr-2013 07:12) Posted: It could also be that Stamford Law is fearful that Contel may not continue as a going concern so they have to grab whatever it can from the placement? Also Contel may announce an extension of time and not termination of RTO on 15 Apr, so price may not fall badly before SGX approves the listing. Just guessing of course to see all angles. But I tend to agree that RTO is still on although it may be delayed due to whatever reasons. If deal is already done, why BBs allow the price to crash? I thought they want a high price for share swop? clonevil      ( Date: 09-Apr-2013 23:06) Posted:   Here's what I've dug up from SGX-ST Listing Manual (http://rulebook.sgx.com/en/display/en/display/display_viewall.html?rbid=3271& element_id=5136)   The indicative time schedule for SGX-ST to review an application for new issues is 3 weeks. Unless SGX is super efficient and does it in 4 working days, the proposed issue will only be approved after 15 April.   My take is that Stamford, being a law firm specialising in financial services, is unlikely to agree to such a settlement unless it is confident that Contel's share price will not fall below $0.062. Let's not forget the share price can easily fall back below $0.06 if the RTO doesn't go through. Lawyers are smart people and I personally think that it's a good sign if they are taking the same long positions as we are. Unless of course 1) Stamford thinks they can recoup more of what is owed through this settlement (even if it eventually turns out to be less than $270k) than the possibility of Contel paying them 2) I have referred to the wrong Manual/Section LOL In any case, it will not be possible for Stamford to sell 4.3m shares tomorrow until SGX-ST approves the proposed issue.   Part XI Procedures for Additional Listing Application (Primary Listing)     869     The following sets out the usual steps in the additional listing process (other than rights issues) for an issuer with a primary listing:— (1) The issuer makes the appropriate announcement (2) The issuer submits one copy of the additional listing application prepared in compliance with  Rule 875, together with the supporting documents prescribed in  Rule 877 (3) The Exchange reviews and decides on the application (4) The issuer announces the Exchange's decision promptly (5) The issuer obtains shareholders' approval (if required) (6) The issuer fixes and informs the Exchange of the books closure and entitlement dates, if applicable (7) The issuer allots and issues the equity securities and (8) The equity securities are admitted to the Official List.   Time Schedule     873     The Exchange will normally decide on an application within three weeks of the date of submission of the application that is complete. Review of an issue in which a connected person has a material interest can be expected to take longer. It should be recognised that the time taken to review a particular application may be longer depending on the circumstances of the case.   874     Where it is essential that an issue of securities be admitted for trading by a certain date, the Exchange should be consulted at the earliest possible time to arrange a satisfactory time schedule. This is particularly important in the case of a rights issue.

 

Is only see if we can enter the correct time and exit before people sell. 

student      ( Date: 10-Apr-2013 07:34) Posted: Actually, short and long, all kena whacked " trok trok" by the market. SG_001      ( Date: 10-Apr-2013 00:23) Posted: Yeah srichipan, hope it goes thru and teach those shorties a lesson. Cheers mat

 

Actually, short and long, all kena whacked " trok trok" by the market.

SG_001      ( Date: 10-Apr-2013 00:23) Posted: Yeah srichipan, hope it goes thru and teach those shorties a lesson. Cheers mate srichipan      ( Date: 10-Apr-2013 00:19) Posted: if the deal goes thru, it can break 1.9 and above. Yuuzoo has really great earnings potentia

 

It could also be that Stamford Law is fearful that Contel may not continue as a going concern so they have to grab whatever it can from the placement? Also Contel may announce an extension of time and not termination of RTO on 15 Apr, so price may not fall badly before SGX approves the listing.

Just guessing of course to see all angles. But I tend to agree that RTO is still on although it may be delayed due to whatever reasons. If deal is already done, why BBs allow the price to crash? I thought they want a high price for share swop?

clonevil      ( Date: 09-Apr-2013 23:06) Posted:   Here's what I've dug up from SGX-ST Listing Manual (http://rulebook.sgx.com/en/display/en/display/display_viewall.html?rbid=3271& element_id=5136)   The indicative time schedule for SGX-ST to review an application for new issues is 3 weeks. Unless SGX is super efficient and does it in 4 working days, the proposed issue will only be approved after 15 April.   My take is that Stamford, being a law firm specialising in financial services, is unlikely to agree to such a settlement unless it is confident that Contel's share price will not fall below $0.062. Let's not forget the share price can easily fall back below $0.06 if the RTO doesn't go through. Lawyers are smart people and I personally think that it's a good sign if they are taking the same long positions as we are. Unless of course 1) Stamford thinks they can recoup more of what is owed through this settlement (even if it eventually turns out to be less than $270k) than the possibility of Contel paying them 2) I have referred to the wrong Manual/Section LOL In any case, it will not be possible for Stamford to sell 4.3m shares tomorrow until SGX-ST approves the proposed issue.   Part XI Procedures for Additional Listing Application (Primary Listing)     869     The following sets out the usual steps in the additional listing process (other than rights issues) for an issuer with a primary listing:— (1) The issuer makes the appropriate announcement (2) The issuer submits one copy of the additional listing application prepared in compliance with  Rule 875, together with the supporting documents prescribed in  Rule 877 (3) The Exchange reviews and decides on the application (4) The issuer announces the Exchange's decision promptly (5) The issuer obtains shareholders' approval (if required) (6) The issuer fixes and informs the Exchange of the books closure and entitlement dates, if applicable (7) The issuer allots and issues the equity securities and (8) The equity securities are admitted to the Official List.   Time Schedule     873     The Exchange will normally decide on an application within three weeks of the date of submission of the application that is complete. Review of an issue in which a connected person has a material interest can be expected to take longer. It should be recognised that the time taken to review a particular application may be longer depending on the circumstances of the case.   874     Where it is essential that an issue of securities be admitted for trading by a certain date, the Exchange should be consulted at the earliest possible time to arrange a satisfactory time schedule. This is particularly important in the case of a rights issue.

 

Yeah srichipan, hope it goes thru and teach those shorties a lesson. Cheers mate

srichipan      ( Date: 10-Apr-2013 00:19) Posted: if the deal goes thru, it can break 1.9 and above. Yuuzoo has really great earnings potential SG_001      ( Date: 10-Apr-2013 00:18) Posted: All the signs shown indicate a successful RTO. Hope I'm right and all bro and sis huat together.

 

if the deal goes thru, it can break 1.9 and above. Yuuzoo has really great earnings potential

SG_001      ( Date: 10-Apr-2013 00:18) Posted: All the signs shown indicate a successful RTO. Hope I'm right and all bro and sis huat together.

 

All the signs shown indicate a successful RTO. Hope I'm right and all bro and sis huat together.

 

thx cloneevil, perhaps we would see announcement on 15th?

 

Thanks!

clonevil      ( Date: 09-Apr-2013 23:06) Posted:   Here's what I've dug up from SGX-ST Listing Manual (http://rulebook.sgx.com/en/display/en/display/display_viewall.html?rbid=3271& element_id=5136)   The indicative time schedule for SGX-ST to review an application for new issues is 3 weeks. Unless SGX is super efficient and does it in 4 working days, the proposed issue will only be approved after 15 April.   My take is that Stamford, being a law firm specialising in financial services, is unlikely to agree to such a settlement unless it is confident that Contel's share price will not fall below $0.062. Let's not forget the share price can easily fall back below $0.06 if the RTO doesn't go through. Lawyers are smart people and I personally think that it's a good sign if they are taking the same long positions as we are. Unless of course 1) Stamford thinks they can recoup more of what is owed through this settlement (even if it eventually turns out to be less than $270k) than the possibility of Contel paying them 2) I have referred to the wrong Manual/Section LOL In any case, it will not be possible for Stamford to sell 4.3m shares tomorrow until SGX-ST approves the proposed issue.   Part XI Procedures for Additional Listing Application (Primary Listing)     869     The following sets out the usual steps in the additional listing process (other than rights issues) for an issuer with a primary listing:— (1) The issuer makes the appropriate announcement (2) The issuer submits one copy of the additional listing application prepared in compliance with  Rule 875, together with the supporting documents prescribed in  Rule 877 (3) The Exchange reviews and decides on the application (4) The issuer announces the Exchange's decision promptly (5) The issuer obtains shareholders' approval (if required) (6) The issuer fixes and informs the Exchange of the books closure and entitlement dates, if applicable (7) The issuer allots and issues the equity securities and (8) The equity securities are admitted to the Official List.   Time Schedule     873     The Exchange will normally decide on an application within three weeks of the date of submission of the application that is complete. Review of an issue in which a connected person has a material interest can be expected to take longer. It should be recognised that the time taken to review a particular application may be longer depending on the circumstances of the case.   874     Where it is essential that an issue of securities be admitted for trading by a certain date, the Exchange should be consulted at the earliest possible time to arrange a satisfactory time schedule. This is particularly important in the case of a rights issue.

 

T+3 is announcement day. Even worse day to cover their bets. Thats what I feel la..

 

Don't bo tai bo chi flame me hor. I share things with you all not to get flamed. Is to huat together. I won't discuss anymore liao. I'll just TCSS in here already.

 

Those who hold, good luck.. Those who nv hold, dont enter or else you'll be cursing me later on. 

Bopanha      ( Date: 09-Apr-2013 22:34) Posted: Longists enjoy.. Tomorrow shortists will find hard time to cover their shorts if they shorted around 7 cents today.   Maybe they won't cover but wait for T+3 taking a bet.

 

  Here's what I've dug up from SGX-ST Listing Manual (http://rulebook.sgx.com/en/display/en/display/display_viewall.html?rbid=3271& element_id=5136)

  The indicative time schedule for SGX-ST to review an application for new issues is 3 weeks. Unless SGX is super efficient and does it in 4 working days, the proposed issue will only be approved after 15 April.

  My take is that Stamford, being a law firm specialising in financial services, is unlikely to agree to such a settlement unless it is confident that Contel's share price will not fall below $0.062. Let's not forget the share price can easily fall back below $0.06 if the RTO doesn't go through. Lawyers are smart people and I personally think that it's a good sign if they are taking the same long positions as we are. Unless of course 1) Stamford thinks they can recoup more of what is owed through this settlement (even if it eventually turns out to be less than $270k) than the possibility of Contel paying them 2) I have referred to the wrong Manual/Section LOL

In any case, it will not be possible for Stamford to sell 4.3m shares tomorrow until SGX-ST approves the proposed issue.

 

• Part XI Procedures for Additional Listing Application (Primary Listing)

   
  
   

• 869

   

   

  The following sets out the usual steps in the additional listing process (other than rights issues) for an issuer with a primary listing:—

  (1) The issuer makes the appropriate announcement
  (2) The issuer submits one copy of the additional listing application prepared in compliance with  Rule 875, together with the supporting documents prescribed in  Rule 877
  (3) The Exchange reviews and decides on the application
  (4) The issuer announces the Exchange's decision promptly
  (5) The issuer obtains shareholders' approval (if required)
  (6) The issuer fixes and informs the Exchange of the books closure and entitlement dates, if applicable
  (7) The issuer allots and issues the equity securities and

  (8) The equity securities are admitted to the Official List.

   

  • Time Schedule

     
    
     

  • 873

     

     
    
    The Exchange will normally decide on an application within three weeks of the date of submission of the application that is complete. Review of an issue in which a connected person has a material interest can be expected to take longer. It should be recognised that the time taken to review a particular application may be longer depending on the circumstances of the case.

     

  • 874

     
    
     
    
    Where it is essential that an issue of securities be admitted for trading by a certain date, the Exchange should be consulted at the earliest possible time to arrange a satisfactory time schedule. This is particularly important in the case of a rights issue.

   

 

pray you are right sir + contel never chu special tmr night

 

Longists enjoy.. Tomorrow shortists will find hard time to cover their shorts if they shorted around 7 cents today.   Maybe they won't cover but wait for T+3 taking a bet.