Capital Restructuring, Private Placement, Right Issue + free warrants. Reason is to use the proceed to buy over the asset from Beverly Heights Properties into Euro.
Of course, this will be borne half by them, half by public who subscribe.
looks like someone is trying super hard to suppress the price from shooting up.. guess the more u suppress, the more likely the opposite outcome will happen.
As speculated by some, private placement and rights issues are next. likely to be so the case..so the possible roadblocks that emerged today is likely to be those who will benefit from the private placements. if the price shoots up high, then the placement price can not be low. The new mgmt. has screwed up once trying to deceive the public with low acquisition price from the founders, so to do it the second time will be scandalous. so, they will likely to prevent a run in the price until the completion of the private placements. this only serves that better things are around the corner!!
i'm just a new trader starting up (for around 3 months) and i came across bone's blog by accident and read his piece and analysis regarding EURO. i'm a fan of stats and analytics and everything that was written by bone made absolute sense and it is only up to us to connect the dots and make the decision.
bought this counter back when it was at .635 for 42 lots (yeah a pity) and it took a lot from me not to sell and panic when the market went red a few while back. i'm still a baby when it comes to this so i'm willing to learn from anyone so that i can grow and become better.
so point being, bonescythe, if i can meet you in person, i'll kiss you and i'll hug you and i'll treat you to a round of breakfast, lunch and dinner. thank you and keep up the good work. :)
those who may have had quiet whispers from internal sources and have accumulated quite a bit since the 60+sen range will not dispose so soon. the corporate game has just started with the mobilization of tong's own team and the "downgrade" of the furniture biz to that of division status with the movement of former directors from Group to subsidiary level. These are only corporate movements and nothing to do with its business plan yet. These are just prelude steps of business re-modeling to focus on properties moving forward.
Up next soon likely the confirmation of property projects injection into Euro.. either the M&A of Beverly Heights Properties SB or on a "smaller scale" acquiring its projects in Pepper Estate??
All sounds too familiar and a possible carbon copy of Eco World??...may be, may be not..
For those who are beginning to `building castles in the air' please read Bursa Dummy's analysis on 08.08.14 above. It will help to bring you back to earth. In this `dog eat dog world' especially in finance, I find it hard to believe that the majority shareholders of Euro (33%) are willing to share the major portion of the cake (Beverly Heights) with total strangers! My take is that they will inject something else other than Beverly Heights. Just my two cent!
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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....
longkanginvestor
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Posted by longkanginvestor > 2014-10-15 22:42 | Report Abuse
Thanks anna wu for the info