Vard   

STXOSV

want buy 1.22? think go market buy fish? No better price no sell. 

 

STXOSV $1.555 COME MNEY COME

 

Interesting to b part of this episode.

Not selling! David won Goliath!

 

Because STX OSV  clap both hands begging companies to come and buy her for cheap cheap $1.22 only ma.... 

ILoveTehO      ( Date: 23-Jan-2013 17:33) Posted: I'm vested in this company and this is my first time seeing a buyout with offering price < current market price Usually if some company want to buyover another company , they offer like 30 - 40 cents higher than the current market price one leh ...

 

Ohhh then surely this deal wont go through, thats good new. 

luvkarena      ( Date: 23-Jan-2013 17:21) Posted: OZ is considered as major shareholders where their shares holding is not considered as floating shares. I think they hold around 19% shares not 8%. glassone      ( Date: 23-Jan-2013 16:59) Posted: My 2cents worth, Oz bought at 1.33, and they still hold on to about 8%, if 1.22 is successful, they are going to lose 0.11 for the 8% stocks they hold. expect price to stay above 1.33 in coming days. keep an eye on oz interest.

 

I'm vested in this company and this is my first time seeing a buyout with offering price < current market price

Usually if some company want to buyover another company , they offer like 30 - 40 cents higher than the current market price one leh ... 

 

Dear Brothers, let us all stand united and simply ignore that ridiculous offer by that sickening Italian party. Seems like a day light robbery. The very rich robbing the poor in broad day light. I share the same sentiment with someone who has just said that he will rather " eat biscuits for 1/2 year" then to take up the sickening offer.I have 35 lots averaging $1.48c each. Be Strong, Be Firm and hope look forward to a more favorable outcome. Cheers!

 

OZ is considered as major shareholders where their shares holding is not considered as floating shares. I think they hold around 19% shares not 8%.

glassone      ( Date: 23-Jan-2013 16:59) Posted: My 2cents worth, Oz bought at 1.33, and they still hold on to about 8%, if 1.22 is successful, they are going to lose 0.11 for the 8% stocks they hold. expect price to stay above 1.33 in coming days. keep an eye on oz interest.

 

The Italians are following the books.

Just say no to the offer.

Once they have controlling stake  of STX OSV, they have to keep it profitable.

Keep it listed meaning, you and me will enjoy the fruits. If you sell cheap @$1.22 to them, they will be laughing to the bank. STX OSV is the TOP OSV maker in the world.

Vested! I am not saying Yes to them.

 

No, they can't buy from the market once there is a cash offer.From the announcement, they only bought the shares from the parent company. Their initial intention is to take control of STX OSV not to buy the whole company. As it's a MAS take over rule, so they will have to offer the same price to the rest of the shareholders.

laopokca      ( Date: 23-Jan-2013 15:52) Posted: We wouldn't know within this period how many or let say they already brought 20% within this period, after they announce fully takeover, is there still a window for us to trade or will be given 2nd chance LL to accept their offer back ? luvkarena      ( Date: 23-Jan-2013 15:46) Posted: Currently there are 30% shares floating. As long as not more than 20% of the shareholders won't sell the shares at $1.22, the STX OSV shares will remain listed where it's highly likely that STX OSV will remain trading as no one is stupid enough to sell them at $1.22.

 

I will hold my 15 lots also =) 

 

My 2cents worth, Oz bought at 1.33, and they still hold on to about 8%, if 1.22 is successful, they are going to lose 0.11 for the 8% stocks they hold. expect price to stay above 1.33 in coming days. keep an eye on oz interest. 

 

You will have my support, I will hold on too.

1.22 is too cheap man!

We will win together, cheers

deedee90      ( Date: 23-Jan-2013 16:55) Posted: I'm ready to eat biscuit for the next 1/2 a year to hold this counter. Those italians can kiss my @ss.  simply_ek      ( Date: 23-Jan-2013 16:53) Posted: Ultimately the delisting price is decided by investors... the Italians are setting up a delisting battle with retail investors. We hold as much power in deciding the final value, as long as we sit tight and let them sweat it out. if retail  investors don't give up their shares, the Italians will be forced to  give a better counter  offer to avoid a situation where they are stuck with the shares and the company remains listed. so just sit back and let's watch the fireworks.

 

I'm ready to eat biscuit for the next 1/2 a year to hold this counter. Those italians can kiss my @ss. 

simply_ek      ( Date: 23-Jan-2013 16:53) Posted: Ultimately the delisting price is decided by investors... the Italians are setting up a delisting battle with retail investors. We hold as much power in deciding the final value, as long as we sit tight and let them sweat it out. if retail  investors don't give up their shares, the Italians will be forced to  give a better counter  offer to avoid a situation where they are stuck with the shares and the company remains listed. so just sit back and let's watch the fireworks. ksloi1      ( Date: 23-Jan-2013 16:39) Posted: Hi Guys/Girls, If you do not take up the offer by Fincantieri, you are helping the stock to continue listing in the SGX. If they do nto get > 90% acceptance, they cannot delist the stock and it will be traded as usual Even if you ignore the offer and finally they get > 90% take up rate , they still need to write to you 2nd time to  offer at the offer price as per the Securities Act.  You stand no risk in ignoring the offer from them for the 1st offer letter. For the case when they do not get > 90% , they may go agreesive to up the offer price , if that happen , it will benefits the retail investors

 

Ultimately the delisting price is decided by investors... the Italians are setting up a delisting battle with retail investors. We hold as much power in deciding the final value, as long as we sit tight and let them sweat it out.

if retail  investors don't give up their shares, the Italians will be forced to  give a better counter  offer to avoid a situation where they are stuck with the shares and the company remains listed.

so just sit back and let's watch the fireworks.

ksloi1      ( Date: 23-Jan-2013 16:39) Posted: Hi Guys/Girls, If you do not take up the offer by Fincantieri, you are helping the stock to continue listing in the SGX. If they do nto get > 90% acceptance, they cannot delist the stock and it will be traded as usual Even if you ignore the offer and finally they get > 90% take up rate , they still need to write to you 2nd time to  offer at the offer price as per the Securities Act.  You stand no risk in ignoring the offer from them for the 1st offer letter. For the case when they do not get > 90% , they may go agreesive to up the offer price , if that happen , it will benefits the retail investors

 

I am not selling too and hopefully BB can grab as much as possible because this is a good money making opportunity for them....

 

Good. I'm not selling mine as well. I'm holding 19 lots on full cash and another 30 plus on CFDs. This is a strong company right here with good potential. 

New123      ( Date: 23-Jan-2013 16:41) Posted: ya. i am not selling. may be a better offer price of $1.50.. deedee90      ( Date: 23-Jan-2013 16:26) Posted: Anyone here actually vested in this counter?

 

Trading halt will be lifted tomorrow.

 

ya. i am not selling. may be a better offer price of $1.50..

deedee90      ( Date: 23-Jan-2013 16:26) Posted: Anyone here actually vested in this counter?

 

Hi Guys/Girls,

If you do not take up the offer by Fincantieri, you are helping the stock to continue listing in the SGX.

If they do nto get > 90% acceptance, they cannot delist the stock and it will be traded as usual

Even if you ignore the offer and finally they get > 90% take up rate , they still need to write to you 2nd time to  offer at the offer price as per the Securities Act.  You stand no risk in ignoring the offer from them for the 1st offer letter.

For the case when they do not get > 90% , they may go agreesive to up the offer price , if that happen , it will benefits the retail investors