The number of available shares that can be transacted in public is 289,264,000 (25%) out of 1,157,050,891 (100%) due to shareholders undertaken not to sell, transfer for period of 6 months to 1 year. So based on the 4 days trading volume, it is actually very huge.
I find an interesting trend in you singapore investors. You like to talk down stocks that you dun own. If you dun like the stock, kindly provide a rationale explaination and not just label it as 'expensive'.
dude, just because you dun own the shares, doesn't mean it is no good.
rogers like it and i like it.
let mr market decide who is right at the end.
Â
Â
In the absence of further news catalysts, the stock will deflate. Already happening now down 1 cent to 43 cents. Lots of traders holding positions they need to exit.good luck.
am only keen on buying at below 40 cents
[hr]
[Spark 07-12-2012]:
Such high volume in the past 4 days. Most of it is short-term trading I believe. Lots of positions have been built up and ready to unload for a small profit? Today already hentak kaki at 45 cents. Next week? Correct to 40 cents?
This is the call option between Jim Rogers and Charles Antonny Melati, 2 million shares at $0.35.
Jim Rogers("JR")Â entered into an agreement dated 3 Jan 2013 with Charles Antonny Melati (“CAM”), granting to JR, on the day after the expiry of CAM’s 1 year share moratorium (given in connection with the Issuer's IPO) a call option over 2 million shares of the Issuer (owned or to be owned by CAM). The call option’s exercise price is S$0.35 per share, with exercise period of 10 years, commencing 1/1/2015. The call option is exercisable in whole or in part and subject to conditions precedent. The number of shares under the call option is subject to adjustment provisions.