Aussino RTO not likely to happen

Anthony Lim is a most happy man. Because of the RTO that is coming, Aussino shares have shot up, giving Aussino a market cap of about $42 million.

He is buying over Aussino's bedlinen business for just S$9 million.....while the implied market value is $42 million.

He has been sellling his shares, in order to pay for the acquisition. Just announced that he sold another 15,334,000 shares at just below 14 cents which implies a market value of $42 million for Aussino.

He is a most happy man.

Is Anthony unloading shares today? Stock price is down 0.8 cent  at 13 cents.

Anthony sold another 10,668,000 yesterday Oct 8 at this super-overvalued stock price of 13.1 cents so he can buy his bedlinen business at only $9+ m.

oh dear, more selling ahead?

The Board of Directors (the “Board” or the “Directors”) of Aussino Group Ltd. ( Aussino” or the “Company”) wishes to inform that the moratorium period of three years imposed on a shareholder of the Company, Ms Zhao Wei, on the holding of the 12,632,000 new ordinary shares allotted to her on 18 August 2010 at S$0.09 per new share has been lifted with immediate effect in view of the recent move in business relating to the proposed acquisition by the Company of the Max Myanmar Group’s energy business unit.

Still overvalued at 11.7 cents.

Ssssoooo zhun, the first post in this thread. RTO is now uncertain, and you can see the stock price has crashed!