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I am sure in parallel they are working on a project to finance with the cash they bring in.. Next will be EGM for their first project. Get in before it crosses 45c...
Any good news mentioned in the EGM
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BF400291626FAC5A48257B27000CB62A/$file/YHM_EGM_Notice.pdf?openelement
An extraordinary general meeting (the “EGM”) of the shareholders
of YHM Group Limited will be held on Mar 25, 2013 at 2pm at Klapsons, The Boutique Hotel, Tower 15, 15 Hoe Chiang Rd, S'pore 089316, Room Eighteen. 2 Level 18 for the purposes of considering and, if thought fit, the following ordinary resolution:
(a) approval be and is hereby given for the allotment and issue and placement of up to S$30,000,000 in principal amount of the Capital Securities to such end-placees procured by CIMB Bank Berhad, S'pore Branch at an initial Conversion Price of S$0.025.
(b) approval be and is hereby given for the allotment and issue of up to 1,200,000,000 Conversion Shares upon the conversion of all the Capital Securities at the initial Conversion Price. Subject to the terms of the Conditions, whereby such Conversion Shares shall rank pari passu in
all respects with the then existing shares of the Coy except that such Conversion Shares shall not be entitled to any dividends, rights, allotments or other distributions, the Record Date of which is before the date of issuance of the Conversion Shares, and will be admitted to listing on the Catalist.
Removed? Great... Monday will Cheong....
Haaa ...you know that it is up now
One more good news ...it has been removed from the restricted stock list by UOB Kay Hian.
The orchestra is begining....enjoy
happyharvest ( Date: 21-Mar-2013 07:43) Posted:
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Cheong ahhh!!
Resistance should be around 0.043. what ma 34 and 55. what cross over
Bintang ( Date: 22-Mar-2013 07:50) Posted:
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YHM hit $0.039 yesterday , n closed at the lowest point at $0.037 . Strong support is now at $0.034 .
Bintang ( Date: 21-Mar-2013 08:07) Posted:
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Fibonacci number .
happyharvest ( Date: 21-Mar-2013 08:21) Posted:
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why 34MA and 55MA? haha
Bintang ( Date: 21-Mar-2013 08:07) Posted:
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YHM is facing the resistance at $0.039 where 34MA n 55MA have met n formed a dead cross .DIs are also negatively placed . Daily Aroon indicator has also made a negatively cross-over .
happyharvest ( Date: 21-Mar-2013 07:43) Posted:
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Musics as in up or down? lol
iwonder ( Date: 20-Mar-2013 17:15) Posted:
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EGM on 25th March 2013
If approved by shareholders...placement of $30 mil done by 28th March 2013.
Then the music continues....enjoy !
CHINHWEE ( Date: 20-Mar-2013 16:27) Posted:
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Too bad. Support hold well and now it has rebounded. Open fire now and buy many many and many quick.
bryancbq ( Date: 15-Mar-2013 08:17) Posted:
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It is moving up fast. Tomorrow will be better. Invest and get rich soon
Patience ..... YHM now no cash to finance the new business yet. after this weekend EGM approve the loan, YHM engine will start to roar into life.
For every new project Ezion clinch, YHM may benefit from it.
CHINHWEE ( Date: 20-Mar-2013 10:55) Posted:
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No action for YHM. No news so far. Ezion has clinched another project. Why CEO is not getting any projects for YHM after so long.
1st project will be announced after financing. U r right this is exactly same pattern as Ezion except company has upper hand as the convertible bonds are perpetuals meaning YHM need not pay back principal amount at a fix time and its up to YHM when to return the principal.
the EGM on 25th is just a routine paperwork thing. Wanna take a $30m loan but need EGM to approve. However, they (YHM/Ezion) doesn't need us retailers to vote and they (SSH) still have sufficient votes to push the loan thru and they know why they need that loan for.
I can smell the start of the fresh rally is near. Very soon we will start to see some action. YHM has gone thru a consolidation phase. It's time for some action. Hold on real tight once the first contract is announced. There will be more contracts to come and more share dilution (to raise more capital) to come. Worry not about the share dilution. Company value will go up faster than the dilution.
The Ezion boss doesn't sit in as YHM new Non-Executive Chairman don't sit in YHM board as a nobody. His links and strings in the industry will create shareholder value thru his wide contacts and deals clinched for YHM.
Take a look at Ezion chart since 2009 April. I see some striking similarities of that chart to YHM's.
My personal target is 20c in 24mths or less.
newbie2012 ( Date: 15-Mar-2013 05:35) Posted:
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haha. still above 3c leh. hoho. hope i don miss the boat. if hit 3c i buy. lol.
Pauperman ( Date: 13-Mar-2013 22:32) Posted:
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