Posts: 2,512
Threads: 24
Joined: Sep 2010
Reputation:
19
most likely a fine lah,
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!
Posts: 2,743
Threads: 23
Joined: Mar 2013
Reputation:
25
09-06-2014, 08:30 AM
(This post was last modified: 09-06-2014, 11:06 AM by opmi.)
Roughly estimated that amount needed to move shares out of margin acct= $8m. Incurred mainly to acquire the 16% during the previous 18 cents Offer.
Given that Tay annual salary is less than $1m and low div payouts. I guess money comes from another financial institution (margin acct) or personal property mortgage or loan somewhere.
Can be a good thing when major shareholder has personal debts and the company has lot of cash. Eg FNN.
Sent from my iPhone using Tapatalk
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 2,743
Threads: 23
Joined: Mar 2013
Reputation:
25
^^ voting via nominees no problem for major shareholders. They will get priority. Not a concern.
I think the transfer is just preparation in case of unfavorable outcome for court case.
Sent from my iPhone using Tapatalk
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 820
Threads: 12
Joined: Jun 2012
Reputation:
7
ST bought again on monday and tuesday:
2014-06-17 : 207 lots @ 28.5 cents
2014-06-16 : 84 lots @ 28.5 cents
2014-04-28 : 171 lots @ 28.5 cents
2014-04-22 : 50 lots @ 28.5 cents
2014-04-07 : 62 lots @ 28.0 cents
2014-03-13 : 6 lots @ 28.5 cents
2014-03-11 : 36 lots @ 28.5 cents
2014-03-10 : 9 lots @ 28.5 cents
2014-03-05 : 85 lots @ 28.5 cents
2014-02-04 : 388 lots @ 28.5 cents
2014-01-30 : 24 lots @ 28.0 cents
2014-01-28 : 10 lots @ 28.0 cents
2014-01-27 : 44 lots @ 28.0 cents
2014-01-14 : 32 lots @ 28.5 cents
2014-01-13 : 30 lots @ 28.5 cents
2014-01-09 : 303 lots @ 28.5 cents
2013-12-10 : 30 lots @ 28.0 cents
2013-12-09 : 18 lots @ 28.0 cents
2013-12-05 : 30 lots @ 28.0 cents
2013-11-25 : 299 lots @ 27.96 cents
2013-09-05 : 50 lots @ 25.0 cents
2013-09-04 : 362 lots @ 25.0 cents
2013-08-30 : 50 lots @ 24.5 cents
2013-08-28 : 241 lots @ 24.5 cents
2013-08-21 : 45 lots @ 24.5 cents
2013-08-20 : 162 lots @ 24.5 cents
2013-08-16 : 155 lots @ 24.5 cents
2013-08-13 : 12 lots @ 24.5 cents
2013-08-12 : 64 lots @ 24.5 cents
2013-08-06 : 273 lots @ 24.5 cents
2013-08-05 : 31 lots @ 24.5 cents
2013-08-02 : 212 lots @ 24.5 cents
2013-07-31 : 165 lots @ 24.2 cents
Posts: 2,743
Threads: 23
Joined: Mar 2013
Reputation:
25
Still pre trial conf. This charge is the penal code charge. Very serious.
Sent from my iPhone using Tapatalk
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 2,743
Threads: 23
Joined: Mar 2013
Reputation:
25
Being so close to the court cases outcomes,
ST is preparing for unfavorable outcomes?
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster