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Never law suit at all. Only chairman's personal suit, which has been settled and withdrawn by all parties concerned. Go and read SGX site for clarification. I think it is a reasonably ok company to put some investment for growth. You make your own decision better.
No risk no gain. This can make you crazy, that's if you have the cash to accumulate at current levels.
highly risky not for faint hearted n my hard earned money. Good luck.
Anyone has news regarding the lawsuit the company director is facing ?
Looks like it will test 0.12 again tomorrow if crack might run to 0.14
tchoonw ( Date: 31-Aug-2010 17:32) Posted:
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probably the deal didnt go through!
risktaker ( Date: 31-Aug-2010 16:07) Posted:
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ok thanx for the 9000 lots sell down. Got my shorts covered :) tyvm
now looking for good entry price hahaha for long position
risktaker ( Date: 31-Aug-2010 15:27) Posted:
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yeah i have read all researched.
The restructuring looks good.
The major catalyst will be the JV for the medical device, if that deal goes thru we will be looking TP @ $0.22 - $0.26
I believe if theres a sudden surge in price by this week it shoud be around 0.145 - 0.160 - (If that happens i believed the deal of the JV has gone thru)
The support looks strong if it didnt break 0.11 by tomorrow might have to cover my short position then break even also song :P
BOSAYOR
It seems to me that this is good news. Click this Pharma News
And this one reproduced below is more eye grabbing!!
Transcu looks like its cap @ this price :) Wont go up liao. Lucky i short more in the morning :P
Ho Seh liao :P HUAT AH
if that is true that means i siao liao lor ....
artng25 ( Date: 30-Aug-2010 17:21) Posted:
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Maybe ? Heard rumours months ago that Transcu will be on its way up once it resolves its issues. Good luck
Seems like to me that all who shorted are in trouble. :-(
me too i shorted 0.115 :P now looking to buy back haha
tchoonw ( Date: 30-Aug-2010 16:11) Posted:
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grossly overvalued now! shorted at 12c...
So now it seems that the Rights Issues will soon materialise... Is it good news???
The Board of Directors of Transcu Group Limited (the “Company”) wishes to announce that it has requested the suspension of trading in the shares of the Company pending further announcements.
The Company has entered into discussions with an underwriter to underwrite a rights issue and/or placement to fund its on-going research and development expenditure and other business operating costs, and to address its current liquidity situation. As a precaution the Board has requested suspension of trading of its shares pending finalization of the terms of the underwriting.
The Board will continue to keep shareholders updated on any material developments.
BY ORDER OF THE BOARD
TRANSCU GROUP LIMITED
Akihiko Matsumura
Chief Executive Officer
6 July 2010
CIMB-GK Securities Pte. Ltd. was the financial adviser to the Company for the acquisition of the entire issued share capital of Transcu Ltd. and its subsidiaries ("Financial Adviser"). The Financial Adviser assumes no responsibility for the contents of this announcement.
what makes you say that...any good news?
should be next to move...