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all 3 jokers seems to improve, the reason why innopac moves.
ipco.... forget it. it is total junk
Covering back
Moving liao
if anyone has news of any new developments, can please share share ? thanks ...
Blumont prices improves further ..... guess it's a matter of time that Innopac make it's strong recovery .....
bro ... blumont is creeping up ... does market knows something we are not aware of ?
churnw ( Date: 18-Oct-2013 15:47) Posted:
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Small position is good ..... Some one seem to sell a few lots at a time .....
Fully agree..keep small position and let it run. No harm indeed!!
Huatahearnmoney ( Date: 18-Oct-2013 15:53) Posted:
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Top volume today ....
Who is behind all those selling ...
Who is behind all those selling ...
Wait awhile , keep abit~ no harm. See profit ~ sell and laugh.~ =D
Tomique ( Date: 18-Oct-2013 14:32) Posted:
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Up to 0.033, shortist cover position. I buy some to keep.....
blumont not only stable, seems like climbing gradually ...
is it becos of anticipation of some " lifting" ?
seanpent ( Date: 18-Oct-2013 15:38) Posted:
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bro ..... little bit in cpf .....
what's your view technically .....
Tomique ( Date: 18-Oct-2013 14:55) Posted:
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Bro seanpent you are in innopac?
seanpent ( Date: 18-Oct-2013 14:37) Posted:
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interesting analysis ..... also " buy the market" is an interesting idea by tomique .....
Tomique ( Date: 18-Oct-2013 14:28) Posted:
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And if the deal is to be honoured and put through, then shareholders should be laughing once again because either one of the parties or both of them would have to support and help to push up the price to the 12.32 cents level.
Ref to my earlier post, if the deal is on, then Innopac would be ten to twenty million dollars in profit, if it were to buy the market instead of issuing new shares.
If the terms of contract is no cancellation, then Platinum would have to swallow the bitter pill of going through the deal...Lol.
| Innopac Holdings Limited has entered into a conditional subscription agreement with Platinum Partners Value Arbitrage Fund L.P. pursuant to which the Company has agreed to allot and issue an aggregate of 250,000,000 new ordinary shares in the capital of the Company and PPVA has agreed to subscribe for the Subscription Shares, at an issue price of S$0.1232 for each Subscription Share, amounting to an aggregate consideration of S$30,800,000.. |
Hi, I wonder if the above contract is still on in the light of the share price falling so much lower than the subsription price? Will Platinum honour the deal in the light of the current deep down price of Innopac?
It would be interesting to know if the deal is on.
Not buy first ,,,,let bbb buy first,,,,,,we cannot eat the fish head but we can eat the fish body,,,,,so let the bbbb longist eat the fish head and we just get ready to eat fish body and ,,,,,,,,
looks like blumont has stabilised ..... guess it's a win-win for innopac ..... at least not as weak as when blumont is weak too .....
hope so .....