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BAN JOO -FUTURE PER 8.77X,6.5% LOTTERY REVENUE

 could recall on may 28 BJ was 14.5cts and after trading halt was lifted it shot past 20cts and had hover for about 2 months trading btw 22 to 29cts..and it had experienced correction dropping to current low of 15.5cts..the gap of 15.5 to 20cts appeared to be filled or could there be > downside..MOU of paperless welfare lottery will be ratified and new co incorporated and latest acquistion of China's CCTV will enhance its lottery business with this synergistic move.Its Md has given way to new blood and a total revamp of its outmoded textile business..it is unlikely to get Banjoo at 9-10cts any more.Besides its creditors have recently approved the debt restructuring scheme and BJ has just changed its financial year end to Sept 30 from June 30 probably to reflect its turnaround into black ink as the guranteed profit of $105million spread over 5 years will commence from 1st july 2007..can accumulate..limited downside

 

ccmc is the service provider of cctv.

 

quote="cedar"]I went to read the MOU again and according to the words used in the MOU, Happyday may be correct. MOU clealry states that and I quote
"CCMC an enterprise registered in the PRC principally a content producer of video programmes [color=red]AND OPERATOR OF CHINA CENTRAL TELEVISION. [/color]. In English, it means it is the operator of TV network. The only question is-  is China Central Television the same as the famous "CCTV" or is it another smaller TV station.[/quote]


Price has bottom at 15/15.5cts..recalled buying at 14,5cts on may 28 200 lots and sold off after trading halt lifted ..hve been making when BJ hovers btw 23 cts to 29cts...from June to July and In Aug BJ finally corrects gap of 15cts to 20cts filled...unlikely the lottery biz is aborted..notice many pple threw in the towels already..gd sign..stocks normally move when U least expect them to move

 

Ban Joo may cheong anytime from now.

 

lottery is always a lucrative business, rain or sunshine ppl still need to buy hope.

 

But usually, even if the stock hits 30c, people will still buy, as shown just a few weeks ago...

Many have been holding as 'long term investors' since the high of 30c, expecting the price to go to 40c.

The price is now 15c (the low) ie half price. 

 

mike22, I though you let go at 0.04 cents few days ago?????

 

no news is good news. those who cannot wait, buy now. those who can wait, buy at higher price if the good news is out.

 

since you asked me, I will let go when BJ hit 28 cents.

 

cedar wrote: Hey guys, many of us in the same boat(frustrated),betting on the completion of the lottery deal. They have committed dateline 5 Sept (90days from MOU signing) but they have a proviso to extend the dateline but so far they have not talk about extentsion. It is only a few days more. I ask around, ASSUME they complete the deal according to the SPECIFIED terms of annoucement on 5th June,(which means major shareholder pays average of 30cts), for those still holding BJ, what price will u let go. This question is for those who own stocks not those who have shorted on it? The 2 sh holders hve not sold yet..BJ just set up new co buy China's CCTV...deal is on ..except those who have sold hope to buy back at 9cts...hope long..long..BJ completely revamp its textile co...don't expect to get at 9/10cts anymore...infact limited downside from here..when everyone sigh and exit from BJ already then no> sellers ..BJ will just shoot up..Why BJ chg financial year end from june 30 to sept 30...want to incorporate the $105mil guaranteed profit by lottery cos from China...Deal is so secretive and well kept secret that even directors'relatives are pondering whether to sell..nevermind U're not alone in yr frustration...I'm vested hving made many rounds from 20 to 29cts...now all my profit are used to hold BJ..can 1.2mil from 17 to18cts

 

If the two major shareholders sell off their, than this counter will

dangerous

 

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it dip and it climb up 0.165. uptrend tommorrow, stay tuned.

 

quite a boring counter actually...

 

0.125 should be a strong support point if it continues to go down further...

 

This morning dropped through the strong 0.165 floor yet again...

The low point was 0.155.... just before lunch time...

 

i tink last time there was a mass number of shares given to two big shareholders at very cheap pricing? i have yet to see them sell out. if have, all major transaction we can see wan from LimTan daily Research. i wonder if the two of them are long term investors or not? hmm.......

 

MOU of lottery welfare signed on 5th July....shd be ratified soon may be 3 mths...i e by Sept...floor of 16cts established ..hope BJ will not drop below 16cts....the gap of 15 to 20cts has to be filled completely....to sell at this level is a waste

 

i think the correction had stop, time to uptrend.

 

charts for Banjoo doesn't look a bit attractive at all presently...even when some others along the line of penny stocks do show some potential uptrend during last week's push