Oceanus    Last:0.006   -

Earning money with Ocean King.Potential Upside hig

" Mati" liao tis counter. Most likely can see 0.02cts next wk. 

 

cheap can get cheaper. Going to take a lot of convincing for the buyers to come back.

ballball      ( Date: 02-Nov-2012 11:01) Posted: The way the price has dropped, dun think Q3 result will be promising.  Result should be ard mid-Nov? Wait to collect at lower price.

 

The way the price has dropped, dun think Q3 result will be promising.  Result should be ard mid-Nov?

Wait to collect at lower price.

 

they have issued 500 million shares and 800 million options

at high price

their cash would be significantly higher now

X6 due to exchange rate also.

 

1st six month's loses widened to RMB 120 mil. Of this, second quarter lose alone was RMB 78 mil, meaning loses seems to be getting bigger.

They have debts of RMb 252 mil as of 30th June, and cash/cash equivalent of RMB 30 mil, of which only RMB 12 mil are in actual cash in bank.

Do your own sums.....

JustinQuek      ( Date: 02-Nov-2012 09:24) Posted: alas i will quote this post again when it reach 10 cents. sometime from now 26 cents will be the lowest it ever goes. imo JustinQuek      ( Date: 02-Nov-2012 09:21) Posted: just like china minzhong when it was so red at 40 plus cents people were saying it would keep going down further   when it went to 85+ cents people start chanting green . but really the whole idea is to buy when its red. and sell when its green. as for cash flow wise their latest financial statements did not reflect the cash that was issued for 500 000 000 shares to the new BBs so that would solve the cash flow problem at the moment and give it a strong NAV supported by cash. it was

 

alas i will quote this post again when it reach 10 cents.

sometime from now 26 cents will be the lowest it ever goes. imo

JustinQuek      ( Date: 02-Nov-2012 09:21) Posted: just like china minzhong when it was so red at 40 plus cents people were saying it would keep going down further   when it went to 85+ cents people start chanting green . but really the whole idea is to buy when its red. and sell when its green. as for cash flow wise their latest financial statements did not reflect the cash that was issued for 500 000 000 shares to the new BBs so that would solve the cash flow problem at the moment and give it a strong NAV supported by cash. it was

 

just like china minzhong when it was so red at 40 plus cents

people were saying it would keep going down further

  when it went to 85+ cents people start chanting green .

but really the whole idea is to buy when its red. and sell when its green.

as for cash flow wise their latest financial statements did not reflect the cash that was issued for 500 000 000 shares to the new BBs

so that would solve the cash flow problem at the moment and give it a strong NAV supported by cash.

it was

 

Sorry but if you are buying to keep for two years to hope for a recovery, this is a mad strategy.

I admit it is really low priced now but there is a real reason why. This company is really sick. Sicker than their abalone. When you said they were going to do a buy-back soon, I have to ask. With what ? Their cash is all drained up and they have bonds and loans to pay soon. If anything, there mught be a cash call soon. Just to pay for operations.

JustinQuek      ( Date: 02-Nov-2012 07:16) Posted: Buying today holding for 2 years for 700 percent gain.

 

Buying today holding for 2 years for 700 percent gain.

 

you are unfortunately right : ) well done

this dumping has triumph my fundamental analysis.

 

hello123      ( Date: 01-Nov-2012 17:46) Posted: In a post 7 oct , when oceanus was 5c , i alerted readers to possible entrapment and dumping by Yu dehua    entrapment at the toxic bottom - oceanus    and also in a later 22 oct post when oceanus was at 3.7c   , i urged readers not to buy as yu dehua still has got plenty more to dump  see oceanus - what happened to this toxic penny ?

 

In a post 7 oct , when oceanus was 5c , i alerted readers to possible entrapment and dumping by Yu dehua 

  entrapment at the toxic bottom - oceanus 

  and also in a later 22 oct post when oceanus was at 3.7c   , i urged readers not to buy as yu dehua still has got plenty more to dump 

see oceanus - what happened to this toxic penny ? 

 

 

THIS STOCK WORTH AT LEAST 7.2 CENTS WHEN NORMAL MODE .

BAD MODE WORTH 6 CENTS.

NO WAY ITS WORTH 2.7CENTS.

WAY WAY RIDICULOUS

MOST SHAREHOLDERS WHO HAVE THIS WHEN IT WAS IN ITS 40 CENTS 35 CENTS 20 CENTS have most probably reached a stage of nirvana cause lose too much money to feel anything.feel the importance of money dripping away...lol.

Still keep to the stance of anything below 7.2 cents is a value buy.

but singapore market not looking at any financials.

Next Results  i believe nav will rise alot.

 

S$0.026 now !

indeed crazy...

jackjames      ( Date: 01-Nov-2012 11:20) Posted: S$0.029 today ! How far more to go ? jackjames      ( Date: 31-Oct-2012 15:59) Posted: S$0.031 today.. you sure you still want to place bets on this

 

Yup!. Seems like it. Hitting 40 million volume liao.   Remember, YDH has only 100+ million shares left as of 24 october. 

Of course, I am not saying he's the only one selling the stock. But today's trading will wipe out close to half of what he has left. 

JustinQuek      ( Date: 01-Nov-2012 16:04) Posted: im pretty sure today would be a good day to buy cause tomorrow will go up. it looks like the final dumping of yue de hua. he will dump all cause too little too hold.high c hance he wants a clean cut.so buy now  , keep cause he has made in undervalued soo much . fundamentals sucks but at this price the fundamental already exceed expectations many time.

 

im pretty sure today would be a good day to buy cause tomorrow will go up. it looks like the final dumping of yue de hua. he will dump all cause too little too hold.high c hance he wants a clean cut.so buy now  , keep cause he has made in undervalued soo much . fundamentals sucks but at this price the fundamental already exceed expectations many time.

 

 

super high volume today. cant wait for the day YDH finish selling his stock/

 

Anyone here shorted this baby, should make a big big profit...

So sad for myself, never play short,..

 

S$0.029 today !

How far more to go ?

jackjames      ( Date: 31-Oct-2012 15:59) Posted: S$0.031 today.. you sure you still want to place bets on this  ? jackjames      ( Date: 24-Oct-2012 09:21) Posted: there are many good shares out there, you don't have to dump your  money into a stock that has huge uncertainty at this point of time.. S$0.033 now !

 

  rebound very likely by today..

 

its a good time to buy now for a rebounce.

a really good time .just before yue de hua run out of shares to sell

besides. company may do sharebuyback after the joker sell all his shares