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Scintronix

Today volume bursting at 20millions so far and hit S$0.1, I invested some ! Good Luck.

Actually since 2 weeks ago, already saw traders buying millions, I also wondering. It really move but a bit slow, maybe still accumulating. Today's volume up a lot, strong support at 0.09. If tomorrow break 0.10 think it's time to get in, now still on standby mode. I prefer to get in during breakout.

knightrider ( Date: 29-Mar-2010 10:43) Posted:

Hi Susan66.

Thks for your advice ! I was at the stock brokage hse onsite last Fri, I saw one old man on the spot, buy 5million and last Fri whole day volume is 14million+, thus I was wondering why he buy so much, but I did not ask him. Today seems top volume liao !!!! May be it is too late to go in now ?

Harmless lOOking bOnds can dEadly when duE ?

victorian2 ( Date: 26-Sep-2009 08:21) Posted:

Counter looks set to be in play..... with the redemption of the bond.
-------------------------------------------
SCINTRONIX CORPORATION LTD.
(Company Registration No.199901719E)
ISSUE OF REDEEMABLE ZERO COUPON CONVERTIBLE BONDS (THE “BONDS”) WITH
AN AGGREGATE PRINCIPAL AMOUNT OF S$40 MILLION, ISSUABLE IN 40 EQUAL
TRANCHES OF A PRINCIPAL AMOUNT OF S$1,000,000 EACH TO FORTENSA SPECIAL
OPPORTUNITIES LTD (THE “SUBSCRIBER”) IN ACCORDANCE WITH THE TERMS AND
SUBJECT TO THE TERMS AND CONDITIONS OF THE BOND SUBSCRIPTION AGREEMENT
DATED 11 FEBRUARY 2009
The Board of Directors (the “
announce that Fortensa Special Opportunities Ltd, in accordance with the terms of the Bond
Subscription Agreement, has exercised its right to convert S$500,000 in value of the Initial
Tranche of Bonds with an aggregate value of S$1,000,000, issued by the Company on 24
September 2009 into 8,928,571 new shares of the Company at the conversion price of S$0.056
(the “
In accordance with the terms of the Bond Subscription Agreement, the Conversion Price will
initially be equal to the lower of either:
(a) 120% of the average of the closing prices quoted by the SGX-ST for one Share (being a
Share carrying full entitlement to dividend) for the 30 consecutive Trading Days ending
on the Trading Day immediately preceding the date of issue of the relevant Bond (“
Conversion Price
(b) 90% of the lowest average of the closing prices quoted by the SGX-ST for one Share
(being a Share carrying full entitlement to dividend) for any five (5) consecutive Trading
Day period in the 30 consecutive Trading Days immediately preceding the Conversion
Date.
The Fixed Conversion Price is S$0.075 while 90% of the lowest average of the closing prices for
the five (5) consecutive Trading Day period (from 9 September 2009 to 15 September 2009)
amounts to S$0.056. Hence, in accordance with the Bond Subscription Agreement, the
Conversion Price in respect of the conversion of S$500,000 in value of the Initial Tranche of
Bonds is the lower of the two, being S$0.056.
The 8,928,571 new shares in the Company will be listed and quoted on the SGX-ST. The new
shares will rank
Following the issue of the 8,928,571 new shares in the Company, the number of issued and paidup
ordinary shares of the Company will be increased to 255,008,108 ordinary shares.
Arising from the issuance of the new Shares, the EPS and the NTA per ordinary share of the
Company, based on financial statements for the financial year ended 30 June 2009, would have
been (2.146) cents instead of (2.225) cents and 9.24 cents instead of 9.37 cents respectively.
On behalf of the Board
Scintronix Corporation Ltd.
Tan Kee Liang
Executive Chairman

25 September 2009Board”) of Scintronix Corporation Ltd. (the “Company”) wishes toConversion Price”) for each new share. The Conversion Price was arrived at as follows:Fixed”); orpari passu in all respects with the existing shares of the Company in issue.

Today heavy volume traded ! Seems moving. 46 million done .

Hi Susan66.

Thks for your advice ! I was at the stock brokage hse onsite last Fri, I saw one old man on the spot, buy 5million and last Fri whole day volume is 14million+, thus I was wondering why he buy so much, but I did not ask him. Today seems top volume liao !!!! May be it is too late to go in now ?

According to TA, strong support now is at 0.09, if break not good liao. I can see more sellers coming out recently. It has been going up since 0.07 but now it has to break 0.095-0.10 to be more confirmed on the uptrend. If able to break 0.10 may be explosive. It's best to wait & see first.

knightrider ( Date: 27-Mar-2010 20:26) Posted:

Can anyone comment on TA or FA whatsoever, is this a good buy now ? Thks !

Scintronix concludes purchase of M'sia assets for US$3.46 mln

By ANGELA TAN

Scintronix Corporation Ltd said it bought two plots of land and building located at 155 Jalan Murni and 12 Taman Perindustrian Murni in Senai, Johor, Malaysia as well as equipment and machinery for RM11.50 million (US$3.46 million).

The seller is WPM Technology.

Of the total, RM7.50 million is for the purchase of the land and buildings, while the balance of RM4.00 million is for the purchase of the equipment and machinery which comprise of Injection Moulding machines, Machining Centers and office equipments.

On March 12, 2010, Scintronix announced that it had decided not to proceed with the acquisition. However, it resumed negotiations after March 12, and on March 22, it concluded a sale and purchase agreement.

Scintronix said it will benefit from the closer proximity of the facility and an increased capacity with which to service its customers.

Counter looks set to be in play..... with the redemption of the bond.
-------------------------------------------
SCINTRONIX CORPORATION LTD.
(Company Registration No.199901719E)
ISSUE OF REDEEMABLE ZERO COUPON CONVERTIBLE BONDS (THE “BONDS”) WITH
AN AGGREGATE PRINCIPAL AMOUNT OF S$40 MILLION, ISSUABLE IN 40 EQUAL
TRANCHES OF A PRINCIPAL AMOUNT OF S$1,000,000 EACH TO FORTENSA SPECIAL
OPPORTUNITIES LTD (THE “SUBSCRIBER”) IN ACCORDANCE WITH THE TERMS AND
SUBJECT TO THE TERMS AND CONDITIONS OF THE BOND SUBSCRIPTION AGREEMENT
DATED 11 FEBRUARY 2009
The Board of Directors (the “
announce that Fortensa Special Opportunities Ltd, in accordance with the terms of the Bond
Subscription Agreement, has exercised its right to convert S$500,000 in value of the Initial
Tranche of Bonds with an aggregate value of S$1,000,000, issued by the Company on 24
September 2009 into 8,928,571 new shares of the Company at the conversion price of S$0.056
(the “
In accordance with the terms of the Bond Subscription Agreement, the Conversion Price will
initially be equal to the lower of either:
(a) 120% of the average of the closing prices quoted by the SGX-ST for one Share (being a
Share carrying full entitlement to dividend) for the 30 consecutive Trading Days ending
on the Trading Day immediately preceding the date of issue of the relevant Bond (“
Conversion Price
(b) 90% of the lowest average of the closing prices quoted by the SGX-ST for one Share
(being a Share carrying full entitlement to dividend) for any five (5) consecutive Trading
Day period in the 30 consecutive Trading Days immediately preceding the Conversion
Date.
The Fixed Conversion Price is S$0.075 while 90% of the lowest average of the closing prices for
the five (5) consecutive Trading Day period (from 9 September 2009 to 15 September 2009)
amounts to S$0.056. Hence, in accordance with the Bond Subscription Agreement, the
Conversion Price in respect of the conversion of S$500,000 in value of the Initial Tranche of
Bonds is the lower of the two, being S$0.056.
The 8,928,571 new shares in the Company will be listed and quoted on the SGX-ST. The new
shares will rank
Following the issue of the 8,928,571 new shares in the Company, the number of issued and paidup
ordinary shares of the Company will be increased to 255,008,108 ordinary shares.
Arising from the issuance of the new Shares, the EPS and the NTA per ordinary share of the
Company, based on financial statements for the financial year ended 30 June 2009, would have
been (2.146) cents instead of (2.225) cents and 9.24 cents instead of 9.37 cents respectively.
On behalf of the Board
Scintronix Corporation Ltd.
Tan Kee Liang
Executive Chairman

25 September 2009Board”) of Scintronix Corporation Ltd. (the “Company”) wishes toConversion Price”) for each new share. The Conversion Price was arrived at as follows:Fixed”); orpari passu in all respects with the existing shares of the Company in issue.

Watch Scintronix........

Turning around the corner after announcing a material deal. NTA 9.5c so one of the few stocks that are still trading below book value.

Similar shareholders as Fu Yu. Those who saw what happen to Fu Yu.....7c tp 16c and now consolidating at 13......... This is probably the next

vested

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Scintronix