IPCO International

[sgd]

well, just hope you can make more money out of it

perhaps you may turn all the financial assets on its balance sheet into cash by buying over those "undervalued" financial assets

I'm quite used already to investors here booing my picks but when they later go parabolic all have kept quiet or quietly go back in and buy

So far my assumptions on this stock pretty correct around 70% I suspect more time is needed for what I think is the bigger picture to pan out.

I hope I'm right in my assumptions I have over 4000 lots in this, small by no means when compared to other big time speculators but putting it where my mouth is.

Wow! 4000 lots. Now only trading at 0.8 cents. From below 3 cents to 0.8 cents is > 70% lost.

it seemed like a good idea at that time they owned 10% of both blumont and innopac both they bought at 10c 2yrs earlier and blumont already gone to over $2 and ipco share price was still trading sideways hadn't gone up yet seemed like the market hadn't caught on to the fact that the company was sitting on over 350mil in capital gains from their holdings in blumont alone. I took a bet and bought below nav bang balls lah what can I say.

I learned my lesson stay far away from goldman sachs seems like bad news everywhere they go.

[funman168]

Bro, I had the same thoughts as u...

well, just hope you can make more money out of it

perhaps you may turn all the financial assets on its balance sheet into cash by buying over those "undervalued" financial assets

I'm quite used already to investors here booing my picks but when they later go parabolic all have kept quiet or quietly go back in and buy

So far my assumptions on this stock pretty correct around 70% I suspect more time is needed for what I think is the bigger picture to pan out.

I hope I'm right in my assumptions I have over 4000 lots in this, small by no means when compared to other big time speculators but putting it where my mouth is.

Wow! 4000 lots. Now only trading at 0.8 cents. From below 3 cents to 0.8 cents is > 70% lost.

it seemed like a good idea at that time they owned 10% of both blumont and innopac both they bought at 10c 2yrs earlier and blumont already gone to over $2 and ipco share price was still trading sideways hadn't gone up yet seemed like the market hadn't caught on to the fact that the company was sitting on over 350mil in capital gains from their holdings in blumont alone. I took a bet and bought below nav bang balls lah what can I say.

I learned my lesson stay far away from goldman sachs seems like bad news everywhere they go.

[orangetea]

Edward Lee is a specialist in penny stocks, MDR , IPCO....

Well, on the bright side, Edward Lee's direct to deemed interest is still intact and did not get 'force sell'.

I do think his portion of deemed interest are priced rather low and pledged to bank.

[funman168]

Does this mean that his pledge his shares?

[orangetea]

Does this mean that his pledge his shares?

My assumption for now until ithe annual report comes out then can check further.