Elite KSB Holdings

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".

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

(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

(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

A reminder from the company, on the last trading day of the company shares. Will there still buyer tomorrow? or rather will there still hope of "RTO" from retail investor?

Ref: http://infopub.sgx.com/FileOpen/Elite-KS...eID=270989

The company will be suspended on coming Mon 20 Jan 2014, till the day the company delisted.

Bye-bye, Elite KSB...

Ref: http://infopub.sgx.com/Apps?A=COW_Corpor...tkuVBBYKYI

The company will be delisted with effect on 1 April 2014 (Tuesday).

Ref: http://infopub.sgx.com/Apps?A=COW_Corpor...x2rsvlYKYI