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Hi q10activator,
I think you should say "........ buying the shares only at 50cts cent and not higher... " The next bid should be $1.00 and not 1cts. Remember, there is a 1 FOR 100 consolidation coming.
q10activator ( Date: 23-Jun-2008 16:51) Posted:
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understand the oversea is ok, but why not ciong..........
nope, no update yet.
but prospects seem to be looking up. hopefully it will improve some more.
ppl seem to be adament about buying the shares only at half cent and not higher...
but some shareholders in general seem resolute not to let go lower than 1 cent.
hope the directors will do sth and push the share price up.
any new update on this share??
anyone know about their oversea investment??
is it doing well????
why they make the same announcment twice ???
any view on mid term prospect from someone?
Just to share the datas I'd collected.
| Traded | Shares | U/price | Amount |
| 12th | 3,330,000 | $ 0.0050 | $ 16,650 |
| 13th | 492,696,000 | $ 0.0050 | $ 2,463,480 |
| 16th | 95,539,000 | $ 0.0050 | $ 477,695 |
| 17th | 74,201,000 | $ 0.0050 | $ 371,005 |
| Total | 665,766,000 | $ 3,328,830 | |
| 4.529% | traded of current | 14,699,415,863 | shares |
With so many shares transacted (think at least 300 million after the announcement) and out of all the directors, only 1 made the purchases... will it help to boast confidence???
One of the directors bought from open market per announcement below. Confused??? Sell or hold?? Probably follow the majority if you looked at last few days transaction from 13th, total number of shares traded is about 5% of the total issued.
| Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest * |
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * | CHASEN HOLDINGS LIMITED |
| Company Registration No. | 199906814G |
| Announcement submitted on behalf of | CHASEN HOLDINGS LIMITED |
| Announcement is submitted with respect to * | CHASEN HOLDINGS LIMITED |
| Announcement is submitted by * | Chew Kok Liang |
| Designation * | Company Secretary |
| Date & Time of Broadcast | 17-Jun-2008 19:21:46 |
| Announcement No. | 00125 |
| >> Announcement Details |
| The details of the announcement start here ... |
| >> PART I |
| 1. | Date of notice to issuer * | 17-06-2008 |
| 2. | Name of Director * | Ng Jwee Phuan @ Frederick (Eric) |
| 3. | Please tick one or more appropriate box(es): * |
|
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| >> PART II |
| 1. | Date of change of Interest | 17-06-2008 |
| 2. | Name of Registered Holder | Ng Jwee Phuan @ Frederick (Eric) |
| 3. | Circumstance(s) giving rise to the interest or change in interest | Open Market Purchase | |
| # Please specify details |
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| 4. | Information relating to shares held in the name of the Registered Holder | ||||||||||||||
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looking at recent acquisition, seem like they are expanding, but is it their objective??
is the acquistion compliment their exisiting business??? zzzZZZZzzzzZZZZZ
hope the recommendation will not go thru
how long it takes to know whether sgx will approve of it a not and when will the egm be at the earliest?? ...zzz
I think no point buying now. The price has reached atomic level. U simply cannot buy at less than 0.5cts. It is either free or 0.5cts. (U can't even give away free....technically speaking).
I am quite sure it is worth less than 0.5cts. If not, it won't be in such a stage.
And 14billions float shares is simply too much. Consolidation is inevitable.
Suggest to buy after consolidation. And at 146M shares, it can be easily cornered.
Not vested.....also cannot vest because of trading restriction. Ask broker, she said "Sure...can wiaver....but why not buy Scratch & Win from Singapore Pools"
if the share is so bad how come still vol is so high n people still buying at .5cts. are those buying crazy or smart?. only time will tell, or wat happen if consolidation not approve . then those who brought got a good duel? vested.
What to do. Keep lor, 10k see the company close lah.
im still holding, shall i???
the company is good???
the consolidation is too drastic, shall be 10->1,my thought
While this hurts investors, consolidation is actually good for the company, provided that it does not repeat the mistake of issuing any more shares which will drive shares down to a cent or less.
Vested at 1 cent. Feeling cheated, but wouldn't want to feel worse when the share drops further. Gonna cut loss over the next few days.
now it's trading at 0.5cents. If consolidate to 100-1, then the trading price would be 50cents. Would anyone wants to pay 50cents a piece or more for this share? I'm pretty sure it will drop to <30 cents a piece very quickly after consolidation.
They need to show better financial track records after the RTO before doing any consolidation.
Blastoff ( Date: 16-Jun-2008 13:29) Posted:
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It's already at its lowest.
PinkyGoh ( Date: 16-Jun-2008 12:40) Posted:
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it will be wise get remove those un-qualify directors and those who cannot lead the company OUT OF CHASEN....