W Corp   

Contel Corp

From the announcement dated 08 March

:http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3EE663858177DF6148257B2700302A16/$file/Contel_ELN_Announcement_8March2013.pdf?openelement

Rationale of the Proposed Issue
The purpose of the Proposed Issue is to raise funds to primarily finance the Company’s
potential acquisition of the entire issued and paid-up share capital of YuuZoo Corporation
BVI (“Proposed Acquisition”) (as announced by the Company on 3 January 2013)  and
its related costs as well as to fund its ongoing working capital needs.

 

Selling again. LOL.. 74/75 needs to clear fast enough so that the shorters can't put up another barrier. Next resistance will be 86. If volume picks up fast enough, it will clear that fast till 86 before slowing down again. Else we will be stuck at 70-72 range all the while. Plus those who entered at a cheaper price this morning might get tired of waiting and unload everything. Afterall, they already profited so much already. And shorts might make use of this opportunity to come in again. The never ending cycle begins.

mlfbac      ( Date: 09-Apr-2013 13:02) Posted: hope no more major short sell down.. really not good for confidence .. so close to RTO confirmation.   gelu2279      ( Date: 09-Apr-2013 12:57) Posted: ok i guess i will wait for short sell and load again

 

Just back from a walk after sufferred big loss today. Re-think again, what kind of announcement I should expect to see on 15 April 2013?

1. RTO deal is confirmed?

2. RTO deal is postponed? - Unlikely, YuuZoo audit would have been finalised by now (1.5 months passed) and unlikely there will be new reason to extend the deal again..

3. RTO is called off? If that is the case, the could have announced now, why want to wait till 15 April 2013.. ? (finger crossed)

  Disclaimer. Personal thoughts only.

 

 

hope no more major short sell down..

really not good for confidence .. so close to RTO confirmation.

 

gelu2279      ( Date: 09-Apr-2013 12:57) Posted: ok i guess i will wait for short sell and load again

 

ok i guess i will wait for short sell and load again

 

The simple reason is stock manipulation by the BBs. Just like WE the last time, no reasons also, they simply bashed it now and the momentum will take it down. But they can only do it for the short term only.

gelu2279      ( Date: 09-Apr-2013 12:43) Posted: well to me its very simple... the premise for past financial performance has not changed since yesterday post auditor qualification, the p& l is the same, the cashflow is the same,  if the announcement was about misstating core revenue and cost of sales... then i will be worried BIG time  so i don't understand why so much confidence is lost in 3 hours! brudders pls enlighten me! ken_boy      ( Date: 09-Apr-2013 12:39) Posted: Lol I personally feel averaging is a good way if you are unsure and wanna reduce variance.. Don't have to sell all at one go. Just some thinkers.. Haha.

 

Yuuzoo is a good company tapping on the social media.

 

Am not able to find the subscription agreement, according to the announcement:

Closing Date In respect of each sub-tranche of the Notes, the date on which such
sub-tranche of the Notes is subscribed for and issued pursuant to
the Subscription Agreement and
(i) in respect of the first sub-tranche of Tranche  1 Notes, on the
date falling two (2) business days immediately after the last of
the conditions precedent set out in the Subscription Agreement
are fulfilled or such other date as the Parties mayagree in
writing and in respect of the subsequent sub-tranches of
Tranche 1 Notes, on the fifth (5
th
) business day after the
Tranche 1 conversion date in respect of the immediately
preceding sub-tranche of Tranche 1 Notes.

terencee      ( Date: 09-Apr-2013 12:30) Posted: But RTO must go thru in order for the tranches subscription to be cfm.    Contel took many days to climb up and tried to break 10c. But only 2 days to come down.  mlfbac      ( Date: 09-Apr-2013 12:27) Posted: confidence is always difficult to build up but very easy to destroy.. needs time .... although an announcement by Contel  confirming its subscription of 1st tranche equity link notes will be confidence booster pill....  lol

 

well to me its very simple... the premise for past financial performance has not changed since yesterday

post auditor qualification, the p& l is the same, the cashflow is the same, 

if the announcement was about misstating core revenue and cost of sales... then i will be worried BIG time 

so i don't understand why so much confidence is lost in 3 hours! brudders pls enlighten me!

ken_boy      ( Date: 09-Apr-2013 12:39) Posted: Lol I personally feel averaging is a good way if you are unsure and wanna reduce variance.. Don't have to sell all at one go. Just some thinkers.. Haha. gelu2279      ( Date: 09-Apr-2013 12:35) Posted: let go and buy back ah? :

 

Lol I personally feel averaging is a good way if you are unsure and wanna reduce variance.. Don't have to sell all at one go. Just some thinkers.. Haha.

gelu2279      ( Date: 09-Apr-2013 12:35) Posted: let go and buy back ah? :) mlfbac      ( Date: 09-Apr-2013 12:32) Posted: Yes, gelu2279 should consider locking profits. But try not to let go in one shot................  lo

 

it's only possible if 1200 ppl hand over their 500 lots $ to 2-4 person..

then they manipulate the stock..

but definitely not contel... other quieter stock may be..

Huatahearnmoney      ( Date: 09-Apr-2013 12:32) Posted: must coordinate well la. one surpreme leader to lead us all. den we all bao huat. together. but need full cooperation cannot be too greaddy. lol everyone earn 2k must exit and pass on and must bid higher.  rotijai      ( Date: 09-Apr-2013 12:30) Posted: if all 1200 of us are buying 500 lots.. u can expect a big sell down... immediatel

 

let go and buy back ah? :)

mlfbac      ( Date: 09-Apr-2013 12:32) Posted: Yes, gelu2279 should consider locking profits. But try not to let go in one shot................  lol ken_boy      ( Date: 09-Apr-2013 12:29) Posted: Actually the auditors did nothing wrong.. They just did what they are paid to do lol, which is to release the audit report before the announcement date. As for your question, I think it depends on ur risk appetite? Since u mention u added more lots, are u holding more than you can comfortably? And must also ask yourself how u feel about the share price going forward

 

yes investor united team... take a stand pickup your sword and shield...rally and fight through the fluff!

Huatahearnmoney      ( Date: 09-Apr-2013 12:32) Posted: must coordinate well la. one surpreme leader to lead us all. den we all bao huat. together. but need full cooperation cannot be too greaddy. lol everyone earn 2k must exit and pass on and must bid higher.  rotijai      ( Date: 09-Apr-2013 12:30) Posted: if all 1200 of us are buying 500 lots.. u can expect a big sell down... immediatel

 

Yes, gelu2279 should consider locking profits.

But try not to let go in one shot................  lol

ken_boy      ( Date: 09-Apr-2013 12:29) Posted: Actually the auditors did nothing wrong.. They just did what they are paid to do lol, which is to release the audit report before the announcement date. As for your question, I think it depends on ur risk appetite? Since u mention u added more lots, are u holding more than you can comfortably? And must also ask yourself how u feel about the share price going forward. gelu2279      ( Date: 09-Apr-2013 12:13) Posted: i diluted my 87 holding this morning by entering at 64... the announcements yest just did not feel right... it fact it felt manipulative after i asked my auditor friend like 'wtf are they doing issuing an opinion at this time?'  should i release to lock in small profit?

 

must coordinate well la. one surpreme leader to lead us all. den we all bao huat. together. but need full cooperation cannot be too greaddy. lol everyone earn 2k must exit and pass on and must bid higher. 

rotijai      ( Date: 09-Apr-2013 12:30) Posted: if all 1200 of us are buying 500 lots.. u can expect a big sell down... immediately Bopanha      ( Date: 09-Apr-2013 12:08) Posted: I was just joking about each of us buying 500 lots from the shortists.   We have 1200 members in SJ and if everyone buy, wow what will happen? But as I say, just joking only.   Buy what you can afford to pick up, thats the only way to make good money from counters like Contel

 

But RTO must go thru in order for the tranches subscription to be cfm. 

 

Contel took many days to climb up and tried to break 10c. But only 2 days to come down. 

mlfbac      ( Date: 09-Apr-2013 12:27) Posted: confidence is always difficult to build up but very easy to destroy.. needs time .... although an announcement by Contel  confirming its subscription of 1st tranche equity link notes will be confidence booster pill....  lol terencee      ( Date: 09-Apr-2013 12:24) Posted: LOL.. 72 sell building up. Unless someone can help clear it. Else shorts will come in again.

 

if all 1200 of us are buying 500 lots.. u can expect a big sell down... immediately

Bopanha      ( Date: 09-Apr-2013 12:08) Posted: I was just joking about each of us buying 500 lots from the shortists.   We have 1200 members in SJ and if everyone buy, wow what will happen? But as I say, just joking only.   Buy what you can afford to pick up, thats the only way to make good money from counters like Contel. Huatahearnmoney      ( Date: 09-Apr-2013 12:05) Posted: I am already doing my best. the shortist are repositioning higher up. lol. we shall all wait and see la. the moment they remove their sell. they watch out

 

Actually the auditors did nothing wrong.. They just did what they are paid to do lol, which is to release the audit report before the announcement date. As for your question, I think it depends on ur risk appetite? Since u mention u added more lots, are u holding more than you can comfortably? And must also ask yourself how u feel about the share price going forward.

gelu2279      ( Date: 09-Apr-2013 12:13) Posted: i diluted my 87 holding this morning by entering at 64... the announcements yest just did not feel right... it fact it felt manipulative after i asked my auditor friend like 'wtf are they doing issuing an opinion at this time?'  should i release to lock in small profit?

 

This stock is very speculative like the see-saw...bought at .065c n will contra this time, dont wish to hold...so scary..

 

0.72 is the opening price? It means anything above short sellers are losing money. That's why are protecting it.