interesting to note is the terms of the interim fundings exercise with regards to the rps needs approval of the shareholders. if rejected silverbiirds have to purchase all the rps from the investors at a cash price of rm2.50, What make the shareholders happy to approve? push the price UP. hihihi
Well for me I think that I would approve cause we receive the rm16mil funds which even bank would not lend silver the money due to their financial records and might have somemore owing others debts. .this fund would provide them the money to repair their machine or even for their factory rent lo.. hehehe
The proposal involve capital reduction of 98%. The present share issue be reduced from 406,681,704 to 8,133,634 shares. A big loss. The company will ask us to pay for the new enlarged capital of 1.59 billion shares.
Jaafar bro, thanks for sharing..I read this article while coming back to kl..even though it is posted in aug 2013, it gives a lot story behind.. anyway just hoping bursa would approved their plan and gonna hear what are their proposed plan.. when I seen silver bird story..it is indeed sad for all those previous shareholders which worth rm0.700 per share drop till rm0.050..just hoping for better miracle to.come.and rescue this Silver..
Yes, MSony the approval may give some hope of recovery. To reap the benefit the shareholder will have to pump in more money, just like investing in a new company.Heavy pocket like KPF and Berjaya may not have problem. Others may miss the chance.
bros..as long as the price range at this level silver can transform to gold...i m optimistic..i tried to get some at 0.105 to average,,,, but failed.....risk is still risk.....high risk with pn17 ..we r buying at low price ,,i dont think it to become patimas ...or dropping like dscsol..,.so must take inhaler..too...ok bros ..let it be .
Jahahaa but honestly la..I very very confident with them..just dont know why..got hook up with their director word where they will try their best to make the organization turn from red to black within 6 months..even though in oct 2013 their financial results worsen.a bit..I still have confident with them..just don't know why ha ha
Syed wat rumours u have? I also heard something. .I think tomorrow or Saturday need to look out for the star business news..just now press from. The star is there to ask few questions
Hmm I heard (rumour) they are coming out few new product and getting other company to help them to fill up their lorry in order to reduce their delivery cost
When I visit their factory, due to financial issue they did not fully utilise their machine but they still producing sufficient amount of breads to be exported to Singapore and local too
Syed no worries..helping each other out as u also hold silver share ha ha..so now I will see them again in april 2014 for the agm..will you be coming? Btw I heard end of this month they will be announcing their q4 financial?
Syed and others, silver bird news appear on today the sun business news section.. they target to exit pn17 by end 2014 hehehe.. I try to copy the news if possible
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
azta12
5,594 posts
Posted by azta12 > 2013-11-29 23:37 | Report Abuse
Thursday, 12 December 2013 at 10.30 a.m. It Should move up based on the rps.