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Oceanus

oic, thanks fr the info

Busta1 ( Date: 25-Apr-2010 00:19) Posted:

It's pro-rata allocation, not ballot. So you will definitely get something if you apply, question is how much.

God_of_War ( Date: 25-Apr-2010 00:15) Posted:

That mean is like ti-gan/ lucky draw. Than no point buy for the sick of it.

Wait got stuck.........

It's pro-rata allocation, not ballot. So you will definitely get something if you apply, question is how much.

God_of_War ( Date: 25-Apr-2010 00:15) Posted:

That mean is like ti-gan/ lucky draw. Than no point buy for the sick of it.

Wait got stuck.........

In my opinion, there should be a gap up in the Monday opening as there is a "BIG" gap in the last traded price from TDR and Singapore. Stated very clearly in the announcement, it will be no more than 10% discounted from the "average" traded price. So we need to checkout the average trading price since the last announcement which is 12 Apr 2010 till Application Closed Date (tentatively 7 May 2010). As for Monday onwards, I foresee our side here will try to match around 15-10% discount of the Taiwan trading price. Thus there is still quite a substantial upside on this counter for the next 2 weeks.

Congrats to all die-hard fans.

That mean is like ti-gan/ lucky draw. Than no point buy for the sick of it.

Wait got stuck.........

Sure got such good things a not. Hahaha..........bu lau er huo.

Buy 0.38 n get pay at 0.54 rate.

I don't think they are guu-do.........hehe

It will not hit so high so soon because

1) Only 150 mil shares are being converted to TDR, so not every applicant will get full allocation.

2) We don't know what is the issue price yet until the bookbuilding is over. But I believe it should be > 50cts.

E-war ( Date: 24-Apr-2010 23:53) Posted:

0.54? So good, wouldn't stock price chiong on Mon to this px?

Yes you are correct on both counts.

cysnotts ( Date: 24-Apr-2010 17:24) Posted:

Thanks Busta1.

1) I can only apply for what I have on hand only right?

2) I see. Basically I am selling to the Taiwan investors at the issue price. I will get $$$ for the shares I sold to them right.

Must consider the expense allocated for this conversion and also the long wait [around 8 wks] for the conversion.

Thanks

Busta1 ( Date: 24-Apr-2010 05:03) Posted:

Concept of the TDR conversion is this:

- Polaris is the underwriter in Taiwan. They will do bookbuilding exercise to gauge the demand from TW investors and then determine the final issue price. This issue price cannot be more than 10% discount to the average traded price in TW over a fixing period. The announcement never say when is this period but it should be the few days before or during the bookbuilding.

- This means if the average traded price is 60cts, then the final issue price must be more than 54cts.

- Assume issue price is 54 cts and u apply and get full allocation. There is no need to top up anything. Your shares will be converted to TDR and you will get 54cts for every share, less the fees.

- Your shares will no longer belong to you, since it has been "purchased" from you at 54cts and then placed out to TW investors. Therefore you cannot decide when to sell it in TW, nor have the need to do that.

Thanks Busta1.

1) I can only apply for what I have on hand only right?

2) I see. Basically I am selling to the Taiwan investors at the issue price. I will get $$$ for the shares I sold to them right.

Must consider the expense allocated for this conversion and also the long wait [around 8 wks] for the conversion.

Thanks

Busta1 ( Date: 24-Apr-2010 05:03) Posted:

Concept of the TDR conversion is this:

- Polaris is the underwriter in Taiwan. They will do bookbuilding exercise to gauge the demand from TW investors and then determine the final issue price. This issue price cannot be more than 10% discount to the average traded price in TW over a fixing period. The announcement never say when is this period but it should be the few days before or during the bookbuilding.

- This means if the average traded price is 60cts, then the final issue price must be more than 54cts.

- Assume issue price is 54 cts and u apply and get full allocation. There is no need to top up anything. Your shares will be converted to TDR and you will get 54cts for every share, less the fees.

- Your shares will no longer belong to you, since it has been "purchased" from you at 54cts and then placed out to TW investors. Therefore you cannot decide when to sell it in TW, nor have the need to do that.

cysnotts ( Date: 24-Apr-2010 00:44) Posted:

PROPOSED PROGRAMME FOR THE CONVERSION OF UP TO 150,000,000 EXISTING ORDINARY SHARES OF THE COMPANY INTO TAIWAN DEPOSITORY RECEIPTS TO BE LISTED ON THE TAIWAN STOCK EXCHANGE

http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/company_announcements

Any recommendation to convert to TDR ?

1) I dont quite understand on the issue price to be fixed [not more than 10%]. Does it mean that if you own 1000 share at $0.38, then if the issue price is fixed at $0.6, do we need to top up ?

2) On the expense portion, anyone can advise whether conversion is worth while?

3) Once listed in Taiwan, how do we sell it? via UOBKH ? Or any brokage house?

Thanks for any advise

the RETURNS are much much much better than COSCO and YANGZIJIANG recently

S$0.54 0 is Xtremely gOOd deal. [What an Opportunity ? ?]

S$0.540 - S$0.380 = S$160. WOW WOW WOW ? ? ?

I will buy sOme mOre at S$0.380 On Monday tO make the cOnvertiOn wOrth WHiLE.

When will i get the CONVERSION FORM ?

Busta1 ( Date: 24-Apr-2010 05:03) Posted:

Concept of the TDR conversion is this:

- Polaris is the underwriter in Taiwan. They will do bookbuilding exercise to gauge the demand from TW investors and then determine the final issue price. This issue price cannot be more than 10% discount to the average traded price in TW over a fixing period. The announcement never say when is this period but it should be the few days before or during the bookbuilding.

- This means if the average traded price is 60cts, then the final issue price must be more than 54cts.

- Assume issue price is 54 cts and u apply and get full allocation. There is no need to top up anything. Your shares will be converted to TDR and you will get 54cts for every share, less the fees.

- Your shares will no longer belong to you, since it has been "purchased" from you at 54cts and then placed out to TW investors. Therefore you cannot decide when to sell it in TW, nor have the need to do that.

cysnotts ( Date: 24-Apr-2010 00:44) Posted:

PROPOSED PROGRAMME FOR THE CONVERSION OF UP TO 150,000,000 EXISTING ORDINARY SHARES OF THE COMPANY INTO TAIWAN DEPOSITORY RECEIPTS TO BE LISTED ON THE TAIWAN STOCK EXCHANGE

http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/company_announcements

Any recommendation to convert to TDR ?

1) I dont quite understand on the issue price to be fixed [not more than 10%]. Does it mean that if you own 1000 share at $0.38, then if the issue price is fixed at $0.6, do we need to top up ?

2) On the expense portion, anyone can advise whether conversion is worth while?

3) Once listed in Taiwan, how do we sell it? via UOBKH ? Or any brokage house?

Thanks for any advise

I wonder will it chiong up again on monday.....hahaa

Concept of the TDR conversion is this:

- Polaris is the underwriter in Taiwan. They will do bookbuilding exercise to gauge the demand from TW investors and then determine the final issue price. This issue price cannot be more than 10% discount to the average traded price in TW over a fixing period. The announcement never say when is this period but it should be the few days before or during the bookbuilding.

- This means if the average traded price is 60cts, then the final issue price must be more than 54cts.

- Assume issue price is 54 cts and u apply and get full allocation. There is no need to top up anything. Your shares will be converted to TDR and you will get 54cts for every share, less the fees.

- Your shares will no longer belong to you, since it has been "purchased" from you at 54cts and then placed out to TW investors. Therefore you cannot decide when to sell it in TW, nor have the need to do that.

cysnotts ( Date: 24-Apr-2010 00:44) Posted:

PROPOSED PROGRAMME FOR THE CONVERSION OF UP TO 150,000,000 EXISTING ORDINARY SHARES OF THE COMPANY INTO TAIWAN DEPOSITORY RECEIPTS TO BE LISTED ON THE TAIWAN STOCK EXCHANGE

http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/company_announcements

Any recommendation to convert to TDR ?

1) I dont quite understand on the issue price to be fixed [not more than 10%]. Does it mean that if you own 1000 share at $0.38, then if the issue price is fixed at $0.6, do we need to top up ?

2) On the expense portion, anyone can advise whether conversion is worth while?

3) Once listed in Taiwan, how do we sell it? via UOBKH ? Or any brokage house?

Thanks for any advise

INVESTMENT UNIVERSE

ZERO SUM GAME

At every PRiCE POiNT, there are bOth Buyers and Sellers.

WithOut hindsight, bOth Buyers and Sellers are RiGHT.

bOth Buyers and Sellers are nOt wrOng.

nO Buyer wOuld BUY if One thinks that PRiCE will FALL.

nO Seller wOuld SELL if One thinks that PRiCE will RiSE.

If all Buyers think that PRiCE will FALL, nObOdy buys and PRiCE falls and falls till ZERO.

If all Sellers think that PRiCE will RiSE, nObOdy sells and PRiCE RiSES and RiSES till INFINITY.

It is all a matter of PERSONAL PERSPECTIVES

bOth Buyers and Sellers have

EXACTLY THE SAME OBJECTIVE

PROFITS

bOth Buyers and Sellers NEVER AIM tO lOse

ENJOY ABALONE

Shun Zi says,

"To WIN, One must NEVER lOse"

"pOsitiOn Oneself WHERE One WiLL NEVER lOse"

BEWARE iLLUSiON

AWARE SELLTRAP

dOn't bE fOOlEd

ENJOY ABALONE

Thursday: 22 APRIL 2010 CLOSING

17,881,000   S$0.380   +S$0.005

S$0.370           164,000

S$0.375        5,843,000    (2,969,000 BfS)

S$0.380      11,804,000    (6,074,000 BfS)

S$0.385             70,000         (70,000 BfS)

15:09:16       S$0.380 3,010,000   BOUGHT frOm SELLER

XTRA STRONG underCurrent

S$0.380

BEWARE iLLUSiON

AWARE SELLTRAP

dOn't bE fOOlEd

The Question is ....

Will it goes up any sooner?

SIGH

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Oceanus