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Looks like everybody sold of their abalones already with intention to subscribe the cheaper rights.
But now seems the right shares may mostly be only subscribed by the directors. Poor thing, though it could be good as then they will work very hard to make their investment worth the while.
Yah lah, by your definition. But so far never met this situation. In future must be careful. Sekali thought want to subscribe some rights by selling off some mother shares at XD date, then cannot,..seow liao. Everything will misfire.
teeth53 ( Date: 17-Jun-2013 15:32) Posted:
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Was refering to ur timing at 09:10:xx time (u sold off which is 10 minutes ex-r liao , U get ur 380 shr/1000 held).
If it sold before 09:00:00 (pre-opening), is U will not get any, (think so - tio bo??.)
Tomique ( Date: 17-Jun-2013 14:58) Posted:
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Agreed with sifu, as small amount involved not nice to go to court.
3.3 cents is very cheap now. My idea is to sell some and apply more extra on the rights. Then next yer wait for good price above 6 cents can think of letting go abit. If cannot get extra rights, will then buy from the market. after right shares issue is completed.
Don think anyone will do so...going to court. Oni a small amount of shr done.
I am sure tis is not their 1st time doing such job, they will be very clear about what htey do and does.
Tat why traded pricec after 09:00:00 hours, price goes back to 0.033 cents. Those sold off at 0.034cts-Yutong .001 cts.
Tomique ( Date: 17-Jun-2013 15:04) Posted:
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Look like only 0.033c finishing for today and for next two days...
If it's in ur send msg (trade done) and traded amount of shr done. There's a time indicating the trade done at centai hour, minutes and second....,
after offically time of 09:00:00 am, say of 09:00:01 and after.... It Ex-Right liao
This sort of things is quite tricky. What you meant is actually legally correct and buyers whose trades are executed before 9.00 am could demand for the rights and if not given could challenge it in court and gets the rights while those who sold before 9.00 a.m. will lose out the rights to subscribe right shares.
Luckily though I queued at 8.45 a.m. was done at 9.10 a.m. so I still got my subscription rights. If they bought mine before 9. I kena without rights hah?.
teeth53 ( Date: 17-Jun-2013 14:44) Posted:
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Think if did not state so, unless it stated, including pre-mkt opening....on morning of the day of June 17th......
if not it's offically stated from 09:00:00 hours, there after the first micro second tick away. Ex-Right liao.
Tomique ( Date: 17-Jun-2013 14:29) Posted:
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Indicative Timetable - Shareholders should take note of the following -
Important events date - dates and times relating to the Rights Issue -
Shares trade ex-rights: 17 June 2013 from 9.00 am (Monday morning)
Was wondering...before 08:59:00 am??. isit Ex-right???. (don think so)
How can? Official trading starts at 9.00 a.m. should also include pre-market for the day, same as after market deals. Otherwise it is crazy to count. Hehe.
teeth53 ( Date: 17-Jun-2013 13:53) Posted:
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Think U are entitle to sell, selling will work out as (1000 x 0.035c + 380shr entitled @0.029c)/1380 shr = S0.033347c
Believe those who bot before 9:00 am is entitle for. Ex-right after clock stuck 9:00:01 hours, will no longer can get right shr @0.029c.
what about trading (selling) on 17 and 18/6 or even 19/6 early? since the recording is only done on 19/6 to determine the entitlement...
teeth53 ( Date: 15-Jun-2013 20:46) Posted:
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TRADE SUMMARY DONE BEFORE N JUST AFTER 9AM.
| Oceanus | CPF, M | XR | 0.035 | 0.034c | -0.002c | -5.6% | volume changed hands - 3,285,000 |
| Time | Last | Volume | Bid/Ask |
| 09:00:54 | 0.034 | 50,000 | B |
| 09:00:01 | 0.034 | 50,000 | B |
| 09:00:01 | 0.034 | 150,000 | B |
| 09:00:01 | 0.034 | 100,000 | B |
| 08:58:35 | 0.035 | 1,000 | A |
| 08:58:35 | 0.035 | 100,000 | A |
| 08:58:35 | 0.035 | 321,000 | A |
| 08:58:35 | 0.035 | 79,000 | A |
| 08:58:35 | 0.035 | 100,000 | A |
| 08:58:35 | 0.035 | 21,000 | A |
| 08:58:35 | 0.035 | 50,000 | A |
| 08:58:35 | 0.035 | 99,000 | A |
| 08:58:35 | 0.035 | 50,000 | A |
| 08:58:35 | 0.035 | 50,000 | A |
| 08:58:35 | 0.035 | 1,000 | A |
| 08:58:35 | 0.035 | 78,000 | A |
| 08:58:35 | 0.035 | 122,000 | A |
| 08:58:35 | 0.035 | 150,000 | A |
| 08:58:35 | 0.035 | 181,000 | A |
| 08:58:35 | 0.035 | 89,000 | A |
whats with before 9am?
teeth53 ( Date: 15-Jun-2013 20:52) Posted:
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Was thinking ex-right @9am, what about before 9am?, coming Monday.
teeth53 ( Date: 12-Jun-2013 16:11) Posted:
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Thk Qs for highlightening...the Ex-Right.
happyharvest ( Date: 15-Jun-2013 16:35) Posted:
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Book closed on 19 June 2013 to determining the provisional allotments of rights shares of Shareholders under the rights issue.
Ex-right is on Monday morning 17 June 2013 9 am.
teeth53 ( Date: 07-Jun-2013 22:57) Posted:
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 Oceanus_Announcement_of_Rights_Issue_Final.pdf |
NOTICE OF BOOK CLOSURE DATE FOR RIGHTS ISSUE
8. BOOKS CLOSURE DATE AND INDICATIVE TIMETABLE
8.1 Books Closure Date
In respect of Entitled Shareholders, notice is given that the register of members and the share transfer books of the Co will be closed at 5.00 p.m. (S'pore time) on 19-Jun-2013 (books closure date) for the purpose of determining the provisional allotments of rights shares of Shareholders under the Rights Issue other than those Shareholders whose registered addresses with the Co or the CDP, as the case may be, are outside S'pore and who have not, at least three (3) market days prior to the books closure date provided to the Co or CDP, as the case may be, addresses in S'pore for the service of notices and documents under the Rights Issue.
Indicative Timetable - Shareholders should take note of the following -
Important events date - dates and times relating to the Rights Issue -
Shares trade ex-rights: 17 June 2013 from 9.00 am (Monday morning)
Books Closure Date: 19 June 2013 at 5.00 pm
Despatch of the OIS, AREs and PALs (as the case may be) to Entitled Shareholders: 24 June 2013
Commencement of trading of “nil-paid” rights: 24 June 2013
Last date & time for splitting and trading of “nil-paid” rights: 2 July 2013 at 5.00 p.m.
Last date and time for acceptance and payment for Rights Shares: 8 July 2013 at 5.00 p.m. (9.30 p.m. for Electronic Applications)
Last date and time for renunciation of and payment for Rights Shares by renouncees: 8 July 2013 at 5.00 p.m. (9.30 p.m. for Electronic Applications)
Last date and time for application and payment for excess Rights Shares: 8 July 2013 at 5.00 p.m. (9.30 p.m. for Electronic Applications)
Expected date for issuance of Rights Shares:15 July 2013
Expected date for crediting of Rights Shares:15 July 2013
Expected date for refund of unsuccessful or invalid applications (if made through CDP):16 July 2013
Expected date and time for the listing and commencement of trading of Rights Shares:16 July 2013 from 9.00 am