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18-10-2012, 10:53 PM
(This post was last modified: 18-10-2012, 10:54 PM by freedom.)
delisting can be prevented, but value is unlikely to be unlocked if there is value.
Greenwood has bought more from open market at above 0.186 and became a substantial shareholder of more than 5%.
It is likely the delisting is stopped by Greenwood and other minority shareholder as long as 10% of shareholders vote again the delisting.
The owner may lose some money on the exercise, but there is nothing to stop them from recovering the loss from the company through remuneration.
As an s-chip, sentiment is bad towards them. value may not be unlocked even if there is value with an unmotivated owner.
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No S-chips no matter how good the story is. I rather miss the opportunity.
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im going to vote against the delisting!
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with no organization, minority investors are sitting ducks.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Yah, there are more than enough counters out there.
Hope some short seller fund comes to Spore to help to weed out some of the problematic S-chips!
(27-10-2012, 10:06 PM)corydorus Wrote: No S-chips no matter how good the story is. I rather miss the opportunity.
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Down here no synear investors ah? Only the sharejunct*** forum got a few synear shareholders. A painful expensive lesson for me. No more s-chips! And I will reject the delisting proposal.
Can anyone advise if I can send the delisting vote letter before the special general meeting? I can't find a proxy who got time to travel down to the ulu-panda tanah merah to attend the stupid meeting on a wednesday. I'm not in town during the meeting! Fark.
Ernst and Young already made it clear in their independent financial advising that the delisting proposal is not a FAIR one as the P/E and P/NAV is severely below average.
This is the shareholder % right now:
~~~~~~~~~~~~~~~~~~~~~
The conman gang /shares/%
lw 699412440 50.87%
wp 416952440 30.32%
fq 56799000 4.13%
sub-total 85.32%
~~~~~~~~~~~~~~~~~~~~~
The non-acceptance gang/shares/%
royson 52391000 3.81%
huge wealth 24661000 1.79%
su yang 19559000 1.42%
yang qingwei 13252000 0.96%
chen yang 3584000 0.26%
sub-total 8.25%
~~~~~~~~~~~~~~~~~~~~~
The bad thing: The con-gang has already formed a minimum 75% shareholding, a requirement to approve the delisting proposal.
The good thing: Royson investments group and Huge wealth have not stated they will accept the delisting. There's still a small chance for the minority shareholders.
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Can ask the 'Chairman of the Meeting' to vote according to what u have written on the proxy form.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(17-08-2013, 12:24 PM)buaypangsai Wrote: (16-08-2013, 11:24 PM)opmi Wrote: Can ask the 'Chairman of the Meeting' to vote according to what u have written on the proxy form.
can someone confirm this?
You don't have to attend to vote. You can send in your vote by proxy form, and during the voting, your votes will be counted. In a show of hands, the Chairman will raise his hand accordingly (for both yes and no if there are votes on both sides). In a poll, your votes will be added to the correct pile.
In many of the meetings I have attended, the Chairman has had to vote both yes and no on resolutions.
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