Ya, bought after it crashed early 2009. In last few yrs, S-Chips almost always rebound somewhat after crashing, though seldom to their previous high. These days, they mostly rebound like dead cat bounce or worse , prices keep zig-zagging south. Maybe there are just too many casualties and counting. Newbies better stay out.
He entered into 3 "separate off - market share sale and purchase agreements dated 7 September 2012" to sell an aggregate of 53,000,000 of his shares in the Company.
Definitely. Do exercise catious. That the sale price is higher than the av. Price for the past month is scant comfort. It goes to say a lot of the owner own valuation of company...
Only Tsoi knows why he sold at this price ? Should only play S-chips with spare cash , so that even if lost all, don’t need to downgrade one’s lifestyle. Best is stay clear of the S-Chip landmine which is getting worse.
my dilemna is wether to write it off as bad investment, and just leave it as it is, and hope that the company turns around, or savage whatever money that is left in this counter.
Lets see if company provide any updates on the sales.
Surprising to see that prices did not drop below 50 cents??
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