HanKore Env   

Hankore onward march to 8-10cts.

Will bring my old nunchucks to SGM..

cccx123      ( Date: 05-Nov-2013 07:50) Posted: Don't know what he is thinking. There is no way David can push such a deal through. No sweeteners, no freebies, nothing..just more sacrifices on our part. I thought we already sacrificed enough by voting for the rights issue years back which resulted in massive dilution and plummeting share price. Now this?! He has got to be kidding!! Unless the share price escalates to say 30cts before consolidation, and post consolidation it becomes $2, perhaps it is acceptable to existing holders. Otherwise..he will be faced with stiff opposition. cccx123      ( Date: 05-Nov-2013 07:45) Posted: And the best thing is that if you own 9000 shares, post consolidation will be 900, meaning that it will be "disregarded".

 

Don't know what he is thinking. There is no way David can push such a deal through. No sweeteners, no freebies, nothing..just more sacrifices on our part. I thought we already sacrificed enough by voting for the rights issue years back which resulted in massive dilution and plummeting share price. Now this?! He has got to be kidding!! Unless the share price escalates to say 30cts before consolidation, and post consolidation it becomes $2, perhaps it is acceptable to existing holders. Otherwise..he will be faced with stiff opposition.

cccx123      ( Date: 05-Nov-2013 07:45) Posted: And the best thing is that if you own 9000 shares, post consolidation will be 900, meaning that it will be "disregarded".. cccx123      ( Date: 05-Nov-2013 07:42) Posted: You are reading it wrong..there are no freebies. It is still 10-1 consolidation. One share received for every ten shares held. They're just trying to tell what happens as a result of the consolidation. If they wanted to give freebies they would have said that in 2.something..make it clearer

 

And the best thing is that if you own 9000 shares, post consolidation will be 900, meaning that it will be "disregarded"..

cccx123      ( Date: 05-Nov-2013 07:42) Posted: You are reading it wrong..there are no freebies. It is still 10-1 consolidation. One share received for every ten shares held. They're just trying to tell what happens as a result of the consolidation. If they wanted to give freebies they would have said that in 2.something..make it clearer. leeeta      ( Date: 05-Nov-2013 07:05) Posted: I am reading that way coz of the statement "as a RESULT of the ".... Of coz this needs to be verified.. Me now in Shanghai so very pek chek with this announcement. Cannot sleep well last night so if I am reading right then at least this deal is quite sweet effectively doubling my holdings at the consolidated px. HK's growth prospect cannot be denied..and px post exercise always go down by a few percent..however with HKs growth and positive sets of quarterly results the drop can be muted /recovered and can surpass $1 dollars in a short time...going to $2 to 3 may not take long either

 

There's no freebie, if there was freebies, it would result in an increase in shares after consolidation. Para 1.1 and 1.2 is illustrating the same thing. That each person will receive 1 consolidated share for every 10 shares they currently hold.

 

You are reading it wrong..there are no freebies. It is still 10-1 consolidation. One share received for every ten shares held. They're just trying to tell what happens as a result of the consolidation. If they wanted to give freebies they would have said that in 2.something..make it clearer.

leeeta      ( Date: 05-Nov-2013 07:05) Posted: I am reading that way coz of the statement "as a RESULT of the ".... Of coz this needs to be verified.. Me now in Shanghai so very pek chek with this announcement. Cannot sleep well last night so if I am reading right then at least this deal is quite sweet effectively doubling my holdings at the consolidated px. HK's growth prospect cannot be denied..and px post exercise always go down by a few percent..however with HKs growth and positive sets of quarterly results the drop can be muted /recovered and can surpass $1 dollars in a short time...going to $2 to 3 may not take long either. leeeta      ( Date: 05-Nov-2013 06:37) Posted: I may or may not be reading right Read this... 1. INTRODUCTION 1.1. The board of directors of HanKore Environment Tech Group Limited (the â??Companyâ??) wishes to announce that the Company is proposing to consolidate every ten (10) existing ordinary shares of par value HK$0.10 each (â??Sharesâ??) in the capital of the Company (including treasury shares) into one (1) ordinary share of par value HK$1.00 (â??Consolidated Shareâ??). 1.2 As a result of the Proposed Share Consolidation, each shareholder of the Company (â??Shareholderâ??) will receive one (1) Consolidated Share for every ten (10) Shares held prior to the Proposed Share Consolidation as at the Books Closure Date, fractional entitlements to be disregarded. Item 1.1 says 10 to 1. Item1.2 says that shareholders will receive 1 consolidated share for every 10. So is item 1.2 saying that David is offering 1 share additional for every 10 to sweeten the deal? Which means if you hv 10000 lots now, post exercise you will have 1000 lots as mentioned in item1.1 and another 1000 lots as mentioned in 1.2? Altogether 2000 lots post exercise? Anyone reads the same of am I just greedy..? No sweetener ..David can't push thru..hhaha

 

Price after consolidation 0.66

 

Price after 1 for 10 shares 0.33 I think.

wxp8838      ( Date: 05-Nov-2013 07:30) Posted: It's too good to be true leeeta      ( Date: 05-Nov-2013 07:05) Posted: I am reading that way coz of the statement "as a RESULT of the ".... Of coz this needs to be verified.. Me now in Shanghai so very pek chek with this announcement. Cannot sleep well last night so if I am reading right then at least this deal is quite sweet effectively doubling my holdings at the consolidated px. HK's growth prospect cannot be denied..and px post exercise always go down by a few percent..however with HKs growth and positive sets of quarterly results the drop can be muted /recovered and can surpass $1 dollars in a short time...going to $2 to 3 may not take long either

 

It's too good to be true

leeeta      ( Date: 05-Nov-2013 07:05) Posted: I am reading that way coz of the statement "as a RESULT of the ".... Of coz this needs to be verified.. Me now in Shanghai so very pek chek with this announcement. Cannot sleep well last night so if I am reading right then at least this deal is quite sweet effectively doubling my holdings at the consolidated px. HK's growth prospect cannot be denied..and px post exercise always go down by a few percent..however with HKs growth and positive sets of quarterly results the drop can be muted /recovered and can surpass $1 dollars in a short time...going to $2 to 3 may not take long either. leeeta      ( Date: 05-Nov-2013 06:37) Posted: I may or may not be reading right Read this... 1. INTRODUCTION 1.1. The board of directors of HanKore Environment Tech Group Limited (the â??Companyâ??) wishes to announce that the Company is proposing to consolidate every ten (10) existing ordinary shares of par value HK$0.10 each (â??Sharesâ??) in the capital of the Company (including treasury shares) into one (1) ordinary share of par value HK$1.00 (â??Consolidated Shareâ??). 1.2 As a result of the Proposed Share Consolidation, each shareholder of the Company (â??Shareholderâ??) will receive one (1) Consolidated Share for every ten (10) Shares held prior to the Proposed Share Consolidation as at the Books Closure Date, fractional entitlements to be disregarded. Item 1.1 says 10 to 1. Item1.2 says that shareholders will receive 1 consolidated share for every 10. So is item 1.2 saying that David is offering 1 share additional for every 10 to sweeten the deal? Which means if you hv 10000 lots now, post exercise you will have 1000 lots as mentioned in item1.1 and another 1000 lots as mentioned in 1.2? Altogether 2000 lots post exercise? Anyone reads the same of am I just greedy..? No sweetener ..David can't push thru..hhaha

 

Btw anyone can call up David to check? Or call broker?

 

I am reading that way coz of the statement "as a RESULT of the ".... Of coz this needs to be verified..
Me now in Shanghai so very pek chek with this announcement. Cannot sleep well last night so if I am reading right then at least this deal is quite sweet effectively doubling my holdings at the consolidated px. HK's growth prospect cannot be denied..and px post exercise always go down by a few percent..however with HKs growth and positive sets of quarterly results the drop can be muted /recovered and can surpass $1 dollars in a short time...going to $2 to 3 may not take long either.

leeeta      ( Date: 05-Nov-2013 06:37) Posted: I may or may not be reading right Read this... 1. INTRODUCTION 1.1. The board of directors of HanKore Environment Tech Group Limited (the â??Companyâ??) wishes to announce that the Company is proposing to consolidate every ten (10) existing ordinary shares of par value HK$0.10 each (â??Sharesâ??) in the capital of the Company (including treasury shares) into one (1) ordinary share of par value HK$1.00 (â??Consolidated Shareâ??). 1.2 As a result of the Proposed Share Consolidation, each shareholder of the Company (â??Shareholderâ??) will receive one (1) Consolidated Share for every ten (10) Shares held prior to the Proposed Share Consolidation as at the Books Closure Date, fractional entitlements to be disregarded. Item 1.1 says 10 to 1. Item1.2 says that shareholders will receive 1 consolidated share for every 10. So is item 1.2 saying that David is offering 1 share additional for every 10 to sweeten the deal? Which means if you hv 10000 lots now, post exercise you will have 1000 lots as mentioned in item1.1 and another 1000 lots as mentioned in 1.2? Altogether 2000 lots post exercise? Anyone reads the same of am I just greedy..? No sweetener ..David can't push thru..hhaha

 

I may or may not be reading right

Read this...
1. INTRODUCTION
1.1. The board of directors of HanKore Environment Tech Group Limited (the â??Companyâ??) wishes to
announce that the Company is proposing to consolidate every ten (10) existing ordinary shares
of par value HK$0.10 each (â??Sharesâ??) in the capital of the Company (including treasury
shares) into one (1) ordinary share of par value HK$1.00 (â??Consolidated Shareâ??).
1.2 As a result of the Proposed Share Consolidation, each shareholder of the Company
(â??Shareholderâ??) will receive one (1) Consolidated Share for every ten (10) Shares held prior
to the Proposed Share Consolidation as at the Books Closure Date, fractional entitlements to
be disregarded.

Item 1.1 says 10 to 1.
Item1.2 says that shareholders will receive 1 consolidated share for every 10.

So is item 1.2 saying that David is offering 1 share additional for every 10 to sweeten the deal? Which means if you hv 10000 lots now, post exercise you will have 1000 lots as mentioned in item1.1 and another 1000 lots as mentioned in 1.2? Altogether 2000 lots post exercise?

Anyone reads the same of am I just greedy..? No sweetener ..David can't push thru..hhaha

 

I will join you leeeta though like you said, if market does not like it I am going to reduce my holdings till a nominal stake. Honestly, never seen any successful consolidation before where the share price did not tank. Most consolidations by other companies manages to push through because shareholders were given loads of freebies like free rights or warrants or even cash dividends which helped push up the price pre-consolidation. David did not even offer that. Hopefully Alan Wang comes in and gives David a good verbal lesson or see his 500 million stake decrease in value. Hankore's price was very well-supported during the penny stock saga and only started to break the 7.2cts floor recently when the three amigos were already recovering. The market must have known of this exercise. Yesterday was an example..i noticed a lack of buying power and the only reason I see why the share price did not stop further was a lack of determined sellers.

Really hope David knows what he is doing. He seems to be receiving some really bad advice at the moment.

 

If Mr Market view positively, HK's price will appreciate, then supported by 1Q, then consolidate followed by placement. It will likely be placement like SIIC for big players. There are major investors who wants to enter China's water industry. So let's see how Mr Market vote in the next few weeks. :)

 

If the price in the next few days tanks as a result of this news then David can't carry this thru...unless he has some BBs supporting him on this..
The scenario is that if he has backing then share price will hold and appreciate.. Let see what the mkt says.

If HK result is good and prospect is fantastic..then a share consolidation followed by a share spilt may be a good option.

Huataarrhh      ( Date: 04-Nov-2013 23:05) Posted: Im referring to the SGM to be held to vote on this share consolidation. David better give a good explanation on what pushed him to carry out this consolidation. Btw I was also at the last SGM. Will definitely attend this coming one. leeeta      ( Date: 04-Nov-2013 22:55) Posted: This was not discussed in the SGM, I was there

 

Im referring to the SGM to be held to vote on this share consolidation. David better give a good explanation on what pushed him to carry out this consolidation. Btw I was also at the last SGM. Will definitely attend this coming one.

leeeta      ( Date: 04-Nov-2013 22:55) Posted: This was not discussed in the SGM, I was there. Huataarrhh      ( Date: 04-Nov-2013 22:52) Posted: Interested to know what pushed them to carry out this share consolidation in the SGM. Only positive thing that I can think of is that institutional investors want to take a placement in Hankore but are restricted from buying penny counters.

 

The only recourse is that David hires some mafias to push the px to 10cts after the 1q result..then peg the consolidation price to 1 dollar..good to sell and wait for px to consolidate and re-enter.

 

This was not discussed in the SGM, I was there.

Huataarrhh      ( Date: 04-Nov-2013 22:52) Posted: Interested to know what pushed them to carry out this share consolidation in the SGM. Only positive thing that I can think of is that institutional investors want to take a placement in Hankore but are restricted from buying penny counters.

 

Interested to know what pushed them to carry out this share consolidation in the SGM. Only positive thing that I can think of is that institutional investors want to take a placement in Hankore but are restricted from buying penny counters.

 

I was enjoying myself with some German colleagues over dinner in shanghai to only know this shit exercise ...should have drunk more.

Share7      ( Date: 04-Nov-2013 22:43) Posted: Yes, see how Mr Market behave. Cool down...take one news at a time. Next week China's 3rd Plenary mtg (9-12) followed by 1Q 14 Nov. C first.

 

And I will be there to fully @&$?&$@ ()::& $() fck them.

leeeta      ( Date: 04-Nov-2013 22:43) Posted: Sorry but there was no discussion on share consolidation in the last Agm, I think David and team will get fck in the SGM or EGm they raise to push thru this consolidation.

 

Sorry but there was no discussion on share consolidation in the last Agm, I think David and team will get fck in the SGM or EGm they raise to push thru this consolidation.