Since the voluntary liquidation was announced on 4 Nov 2013, the short-sellers started to take advantage of those ill-informed investors, base on the SGX short-selling statistic.
Ref:
http://www.sgx.com/wps/portal/sgxweb/hom...ell_orders
IMO, profitability depends on short-selling with borrowed shares. Naked short-selling might not work. The voluntary liquidation may take up to 6 months to complete.
(not vested, and not shorting)
Decide to sell off my 2lots and give my family a small treat.
(20-11-2013, 10:41 AM)NTL Wrote: [ -> ]Decide to sell off my 2lots and give my family a small treat.
expensive brokerage fees for 2 lots.....
(20-11-2013, 03:07 PM)desmondxyz Wrote: [ -> ] (20-11-2013, 10:41 AM)NTL Wrote: [ -> ]Decide to sell off my 2lots and give my family a small treat.
expensive brokerage fees for 2 lots.....
Considering the amount I had earn from these 2lots, it is easier for me to accept that. Anyway, better to have $50 in my pocket than $0, if that day will come. Punishment for me for "selling too late".
(19-12-2013, 08:36 PM)CityFarmer Wrote: [ -> ]The delisting is confirmed by SGX, trading will continue till 17 Jan 2014, which is about one month away. I wonder what will be market price tomorrow? Time to cover the short, for those shorted...
Ref: http://infopub.sgx.com/FileOpen/Elite-KS...eID=268373
Who still long the stock, and still buying?
(19-12-2013, 09:43 PM)NTL Wrote: [ -> ] (19-12-2013, 08:36 PM)CityFarmer Wrote: [ -> ]The delisting is confirmed by SGX, trading will continue till 17 Jan 2014, which is about one month away. I wonder what will be market price tomorrow? Time to cover the short, for those shorted...
Ref: http://infopub.sgx.com/FileOpen/Elite-KS...eID=268373
Who still long the stock, and still buying?
I am interested on the answer too