Blumont

what a joke. really feels like a conspiracy by all these connected companies to weed out greedy retailers...

there are alot of lessons to be learnt from this...

I've already learnt my lesson that I won't be bothered about such stocks even if it goes 100X. If I don't know what's the game, I'm probably the "game"

Hope newbies can learn and move on.

(02-10-2013, 11:39 AM)safetyfirst Wrote:

(02-10-2013, 11:06 AM)Some-one Wrote:

(01-10-2013, 03:04 PM)specuvestor Wrote:

(30-09-2013, 10:39 PM)pianist Wrote: unbelievable...
is there something I have missed out on this gem? anyone care to shed some light?

You missed out the suspension

Obviously you are lucky enough not to be hurt badly before

Is that so? I just read that a person becoms a millionaire with only 15K invested in Blumont...

Every week, there's also someone who buys $1 toto to strike 1 million

(02-10-2013, 02:04 PM)specuvestor Wrote: We have heard multiple stories of people buying bungalows from punting SESDAQ or CLOB as well. Enough said

Some are "lucky" some are not so "lucky"... we always assume we are the former. I belong to the latter so I learnt to keep to those things that I know

just curious, where is the value of this stock in the first place?

reminds me of the song by Tom Petty - Now I'm free, free falling

why go buy troubles ??

becoz so much excitement here... i went back to look at some stats...

from 26sep to 04oct: 22.28m Blumont npRs were traded for some $48m,
majority of these npRs were done at price of around $2.30 vs this morning 83m shares done @wted-ave 20c !!

Blumont's 1-for-2 RTs Issue: DEADLINE for Acceptance and Payment of Rights Shares is this thurs (10-Oct)
==> so an extra reason some people dumping mother shares: could be they still have lots of npRs (861m of it ) to subscribe into newshrs @5c each.

http://infopub.sgx.com/FileOpen/BGL_PR.a...eID=258940

Dun play play... seems like it ain't over till the fat lady sings...

But certainly after regulators step in, the entire game plan has changed and one should not be expecting previous experience to be repeated.

Nevertheless it should deter anyone from doing their due diligence when it comes to differentiating between speculation and investments.

Expect the other affected relatives to pull out similar rabbits...

Not Vested
GG

(who is he acquiring the shares from?)

The acquisition price of Blumont shares is subject to adjustment. The final acquisition price will be the volume weighted average price of the Group’s shares between the date of the agreement and closing of the transaction subject to a floor price of S$0.20 per share and ceiling price of S$0.60 per share. Closing is expected to take place within 30 days.

(07-10-2013, 10:20 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/BGL_PR.a...eID=258940

Dun play play... seems like it ain't over till the fat lady sings...

But certainly after regulators step in, the entire game plan has changed and one should not be expecting previous experience to be repeated.

Nevertheless it should deter anyone from doing their due diligence when it comes to differentiating between speculation and investments.

Expect the other affected relatives to pull out similar rabbits...

Not Vested
GG

looks like Executive Chairman is selling the shares to new investor....


Sale of rights due to bank forced selling.
http://infopub.sgx.com/FileOpen/FORM1V49...eID=258948

(07-10-2013, 10:48 PM)Behappyalways Wrote: (who is he acquiring the shares from?)

The acquisition price of Blumont shares is subject to adjustment. The final acquisition price will be the volume weighted average price of the Group’s shares between the date of the agreement and closing of the transaction subject to a floor price of S$0.20 per share and ceiling price of S$0.60 per share. Closing is expected to take place within 30 days.

(07-10-2013, 10:20 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/BGL_PR.a...eID=258940

Dun play play... seems like it ain't over till the fat lady sings...

But certainly after regulators step in, the entire game plan has changed and one should not be expecting previous experience to be repeated.

Nevertheless it should deter anyone from doing their due diligence when it comes to differentiating between speculation and investments.

Expect the other affected relatives to pull out similar rabbits...

Not Vested
GG

Blessing in disguise, forced sales at 2.30 per right share.

does blumont even have any intrinsic value now?

of course NOT! what were you thinking?