why china minzhong drop until 69 cts?

Poh
Offline
Junior Member

10 years 8 months ago #15909 by Poh

Replied by Poh on topic why china minzhong drop until 69 cts?

I hope they have taken the following measures:

Fire-proof the finance department. Station a fire or security officer at the door 24/7. Have 3 working fire extinguishers on standby.

hahaha...

Please Log in or Create an account to join the conversation.

Mel
Offline
Platinum Member

10 years 8 months ago #15915 by Mel

Replied by Mel on topic why china minzhong drop until 69 cts?

Now, Glaucus has mud on its face, shitty mud. Glaucus deserves it!

infopub.sgx.com/FileOpen/CMZ_CompanyResp...cement&FileID=254770

Please Log in or Create an account to join the conversation.

Dongdaemun
Offline
Platinum Member

10 years 8 months ago #15917 by Dongdaemun

Replied by Dongdaemun on topic why china minzhong drop until 69 cts?

I figure that the stock will trade 80-90 cents after the rebuttal.

However, this could change depending on what they next announce. Trading halt applies until another announcement (today???).

Please Log in or Create an account to join the conversation.

lohsc
Offline
New Member

10 years 8 months ago #15919 by lohsc

Replied by lohsc on topic why china minzhong drop until 69 cts?

The offer price should be the average of a number of days preceding the halt.
It bought more than 14% at $1.12 and can offer slightly lower for the rest of the shares. The short-sellers will get their fingers burnt this time. It is high time to teach the short-sellers a lesson, especially there is not much truth in the allegations.

Please Log in or Create an account to join the conversation.

ethan999
Offline
Senior Member

10 years 8 months ago #15920 by ethan999

Replied by ethan999 on topic why china minzhong drop until 69 cts?

In the interest of shareholders of Singapore-listed companies, these short-sellers which make factually incorrect claims need to be sued once and for all to deter them from making such claims in future unless they have done 100% extremely thorough research. If they are incapable of fully obtaining the facts, they should be shutting up. The unwarranted panic inducement they are trying to profit from is harming honest shareholders like us. Sue them once and it will act as a deterrent in future.

Please Log in or Create an account to join the conversation.

Mel
Offline
Platinum Member

10 years 8 months ago #15922 by Mel

Replied by Mel on topic why china minzhong drop until 69 cts?

Yeah, sue until their pants drop!

However, from what I read, legally it's not an option, since Glaucus is based outside of SG jurisdiction.

Please Log in or Create an account to join the conversation.

Time to create page: 0.211 seconds