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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_22436F3D649C21C548257773003BB6FE/$file/Eagle_Annt_of_completion_of_proposed_divestment.pdf
The Board refers to the Circular and the announcements released by the Company on 29
December 2009, 7 April 2010, 13 April 2010, 10 July 2010 and 28 July 2010.
On 30 July 2010, Peony received the amount of RMB 24,600,000, representing the total
amount of the SPA 5 Consideration.
As the conditions to SPA 5 have been satisfied, completion in relation to SPA 5 took place on
30 July 2010, leading to the completion of the Proposed Divestment.
The Company will make further announcements in due course in relation to the Proposed
Capital Reorganisation.
no idea...but shld be fast liao lor......hehehe..........look out for the ann with SGX.......
Any idea when will the CD date be out?
hehehe...after the divestment....this company is a net cash company with.....hehehe.........0.42cts NTA....hehehe still worth some thing.........most important""FREE"".............................hahaha......
hehehe.............$$$.....and free share coming liao.........click to reead
Divestment complete! CD coming soon!
hehehe.....someone brought 2.5million at 8cts........must be expecting something more from this birdie........hehehe
hehehe.......may be more..........not 500 or 1000........for every 100lot
lawcheemeng ( Date: 21-Jul-2010 22:39) Posted:
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$500 to $1000 and more, must be considered good money already hoh? Nowadays not easy to make so much without much risk, and length of time. I queue and wait 100 lots.
left SPA4.....n.....SPA5....hehehe.....very near liao......
left one last hurdle! govt approved!
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_AEA2D34532C775194825776D00824AA8/$file/Eagle_Annct_receipt_balance_consideration.pdf?openelement
After checking all related announcements, the cash distribution looks quite real. Risks are how long this's going to take and what is the eventual exchange rate. Hope it can fall further to attract my buying.
agreed with you.....hehehe........after 8cts dish out....the company is net cash though not much cash......hehehe...still a listed company with no ....bussiness runing........hehehe......but they may be many not listed company may want a back dooor listing...........hehehe......then my be take over lor........hehehe still worth something lah.......may be worth alot also leh.....hehehe........may be...may be ....hehehe.........vested......liao lor......
hyruga ( Date: 21-Jul-2010 22:15) Posted:
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Sorry my bad. 14% gain only if you consider the company is worth nothing after giving out 0.08 cents per share.
Hullo brother, this one is not just 14% gain. This one is 114% gain.
keepinvest ( Date: 21-Jul-2010 14:48) Posted:
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Beside other techniques, giving cash back or dividends above a share price is one of the top strategies to knock out the longterm short position holders of the stock they borrowed from the exchange or nominees. This way when xd, or xall, or delisted, they have no way to fight back to bring down the price as they did in all cases. Hahaha. Gotcha!!.
? 1234567890
pharoah88 ( Date: 21-Jul-2010 12:13) Posted:
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Agreed. The Ionic EMS case was 50% gain and almost sure (clear statement on cash offer and schedule for delisting). This case just 14% gain with more uncertainty about the deal, it doesn't look attractive after all.
Not vested here.
To put it simple, its the concept of time value of money. $1 today does not have the same value as $1 received a few months later. People who sell now at $0.07 are people who want to cash out as they may see something more rewarding than to wait for 1 cent extra, which may be paid in months.
Example, a person with 100 lots. If he waited for 1 cent in a few months, he may get extra $1,000. But if he sells now, he gets less by $1,000. But take the 7K sales proceeds, maybe do some trading or investment, in that same few months, he may get more than $1,000 profits. (7 cents go up to 8 cents is about 14%).
Not an inducement to trade. Please do your own research. There is no assurance that the deal may be 100% completed.
Not sure... Early this year when Ionic EMS announced delisting with cash offer of 1.5c, people still sold 1c in the market and I bought a bit. Guess what, I really got the 1.5c cash 5 months later. I regretted I didn't buy aggressively that time. It could be the same thing happening here 
AnthonyTan ( Date: 21-Jul-2010 10:33) Posted:
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