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He can't withdraw the offer right ? It is mandatory as he has crossed the 30% mark after purchasing the founder's stake. Judging by the trading volume, I am guessing that most shareholders are pleased with the offer.
Cheers,
Nick
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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Why does it trade at 1.76? Is it to cover brokerage, as accepting GO no need to pay brokerage?
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I truly wonder if the offer is genuine...
Who is buying at $1.74??
Is it really Peter Lim?
I remember during that Anthony Soh's Case where he did a blotched take-over of Jade...
Some rich people were accumulating Jade when the offer was made...
They intended to buy up huge volume a few bids below the offer price and make the profit when the deal is concluded...
At that time, the deal is about 90% done....
OCBC were the backer...
Then, Sh** happens and those rich people lost about $3 million in total...
Anyone remember this case ?
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01-11-2010, 06:07 PM
(This post was last modified: 01-11-2010, 06:09 PM by brattzz.)
Peter Lim is offering $1.76.
Market is buying in $1.74 to $1.75.
Think it's not fleasible to make the 2cts profit and take the risk of buying in BIG at $1.74 lah...
Think he is also mopping up at $1.74...
127,760 lots done today... gosh...$223.5 millions...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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Thomson medical hit the news today for a wrong reason today...
Hospitals say probability of IVF mix-ups very low....
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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I was thinking, so Peter Lim crossed 50% and offer is now unconditional.
His offer letter should reach in 2 weeks time? and after that processing for 2 weeks,
the XD is 15th Dec 2010.
By the time the shares are transferred, XD is over?
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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What happens in this situation if we do not accept the offer, but other shareholders do?
If the company is delisted and taken private, what happens to the shares of the other shareholders who did not accept the offer?