Baker Tech

(09-05-2014, 10:06 AM)Retired@52 Wrote:

(09-05-2014, 01:35 AM)smallcaps Wrote:

(08-05-2014, 11:28 PM)Retired@52 Wrote:

(08-05-2014, 10:27 PM)smallcaps Wrote: CEO exercised another 4.9 mil warrants @ 18.5 cents on 7 May:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=296017

He's now at 48.17%... trying to creep as near to 1% rule as possible?

Is it a reporting mistake? The XD date was on 6th May 14, if he exercised the warrants on 7th May, the exercise price should be $0.145 & not $0.185 and will not be entitled to the current dividends unless he back dated the exercise to receive the dividends.

According to the following warrant adjustment announcement, it seems that the deadline is book closure date (8 May) and not XD date:

http://infopub.sgx.com/FileOpen/Note_to_...eID=293458

The Company wishes to inform that holders of the 2012 Warrants who wish to
participate in the Proposed Dividend, should exercise their 2012 Warrants at the
exercise price of S$0.185 as early as possible and arrange for the Shares to be
registered in the register of members of the Company or the Depository Register
maintained with the CDP, as the case may be, in any event, not later than 5.00 p.m.
on 8 May 2014.

Yes, you 're right. I spoke to him 2 weeks ago and asked him why he exercised during CD and not after XD, he said it made a difference of 1 cent. One Cent is a lot of money considering the amount of warrants he exercised.

He still has 88 mil warrants, which makes me wonder why he allowed his % to go below 50% in the first place. Wouldn't it be easier to stay above 50% and not subjected to 1% creep rule?

Does he has whitewash waiver approval for the warrants issue?

(09-05-2014, 01:37 PM)opmi Wrote: Does he has whitewash waiver approval for the warrants issue?

Not that I know of

What's wrong, it is a positive sign that the CEO pump in more money to the company, he is willing to risk his 13.5c per share means that he is expecting some good news from the company, or the company need additional funds for investment or whatsoever reason.

just divested post dividend.

will wait a few months if this share goes down to buy back again. now the NAV has dropped down to ~23cents unlikely for it to maintain high price given earnings are not that good.

the overhang of the warrants seem to be coming to an end.

I am impressed with the recent run-up from the dip post dividend.

the EPS this quarter is only 0.2 cents, unless they do some smart investments, hard for them to even get 1 cent earnings. And we all knows what happens when dividends get cut

This counter has been up with huge buy up vol....touched 30 cts this morning...any good news expected?

this one like a pump and dump counter, also some shortist on it.

Current price is no value no matter what news coming unless getting delisted..

Depending on what you are looking at, for me cash alone already about 20c which serve as some sort of insurance.

[ remain vested ]