Declout

[Shiyi]

A low-ball offer as against its IPO price of 25 cents.
But the GO makes quite a few multi-millionaires of the senior management, given its generous incentive payment.
The second largest shareholder Melvin Poh also stands to benefit as he came to the company only less than a year at an average cost of 11 cents per share.

An offer is based on what the offeror thinks it is worth now rather than what it was worth 5 years ago. Still, based on the book value, the offer price seems underwhelming.

Put it this way, those who have kept faith with this company and management stand to lose money.

[Shiyi]

A low-ball offer as against its IPO price of 25 cents.
But the GO makes quite a few multi-millionaires of the senior management, given its generous incentive payment.
The second largest shareholder Melvin Poh also stands to benefit as he came to the company only less than a year at an average cost of 11 cents per share.

An offer is based on what the offeror thinks it is worth now rather than what it was worth 5 years ago. Still, based on the book value, the offer price seems underwhelming.

Put it this way, those who have kept faith with this company and management stand to lose money.

[Shiyi]

Just received the offer document.
As a long-suffering shareholder, it's disheartening to learn that insiders bought the stock aggresively just before the offer announcement at prices around 8 cents . There is one chap who bought more than 20 million shares.

[mslee888]

Just received the offer document.
As a long-suffering shareholder, it's disheartening to learn that insiders bought the stock aggresively just before the offer announcement at prices around 8 cents . There is one chap who bought more than 20 million shares.

Just have to face the fact that minority shareholders will lose out to insiders and the big boys....rule of the jungle.