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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » GREG EGM today!

GREG EGM today!

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21GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 2:37 pm

2011_NewComer


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@raa wrote:Well to be fair, the EGM was this morning and the motion to extend the warrant's time period was passed, so the SEC did not have a lot of time to clarify the issue.

...unless they were well aware of what the directors of ERI were going to propose and should have made their stance clear when they heard.

ERI made that announcement to CSE on 06 January 2012.
Don't know whether they informed SEC about this. If they did, SEC had enough time to take a decision.
Also we don't know when the SEC informed ERI about their decision.

22GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 2:39 pm

Duminda


Stock Trader
when this was first annonce by greg. they were aware of the resloution. As regulatry body they must tell the relavent company they are unable to agree with resaloution. And resaloution violate regulation of SEC.

23GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 2:50 pm

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
As usual... damage has done already, millions of rupees lost due to this stupid CSE.

24GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 3:04 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
@dindon1 wrote:see, what a rumor can do?
its gone right down to 5,5o and millions of warrants sold by panic sellers to opportunists.,
now its up again over 7.70.,
its a shame that this forum is not updated promptly by users.,

at the end no buyers at 5.50, should be under price ban from tomorrow

25GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 3:18 pm

raa


Manager - Equity Analytics
Manager - Equity Analytics
@2011_NewComer wrote:
@raa wrote:Well to be fair, the EGM was this morning and the motion to extend the warrant's time period was passed, so the SEC did not have a lot of time to clarify the issue.

...unless they were well aware of what the directors of ERI were going to propose and should have made their stance clear when they heard.

ERI made that announcement to CSE on 06 January 2012.
Don't know whether they informed SEC about this. If they did, SEC had enough time to take a decision.
Also we don't know when the SEC informed ERI about their decision.

If that's the case then you are right. The regulatory body had enough time to think about and take a stance on the matter. The question is that, nobody knows whether the regulator informed the company then and the news is only coming out now or whether the regulator took a decision today. This could also be ERI's fault if SEC had in fact told them their decision and the company did not take the necessary steps to inform the public.

26GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 3:34 pm

Universalgoal


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@dindon1 wrote:see, what a rumor can do?
its gone right down to 5,5o and millions of warrants sold by panic sellers to opportunists.,
now its up again over 7.70.,
its a shame that this forum is not updated promptly by users.,

As i remember this forum discuss this many times and given many warnings (on Greg and its warrants) actually shame on us not the forum that not recognizing the devil early

now i am greg free Very Happy person

27GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 3:42 pm

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Light of Hope wrote:
@dindon1 wrote:see, what a rumor can do?
its gone right down to 5,5o and millions of warrants sold by panic sellers to opportunists.,
now its up again over 7.70.,
its a shame that this forum is not updated promptly by users.,

at the end no buyers at 5.50, should be under price ban from tomorrow

No price band.

01-Feb-2012 Price Bands

In terms of the SEC directive dated 14th September 2010, the 10% price band has not been imposed on a new security considering the review period from 26th January 2012 to 01st February 2012 (Both days inclusive).
Accordingly the 10% price band is not imposed on any of the securities listed in the CSE for 02nd February 2012.

28GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 3:53 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
http://www.cse.lk/cmt/upload_cse_announcements/4791328090905_.pdf

29GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 4:06 pm

FXX

FXX
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
5.50+33.00=38.50 so even for 1 Rs W2 is not worthy

30GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 4:16 pm

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@FXX wrote:5.50+33.00=38.50 so even for 1 Rs W2 is not worthy

This means they need to push GREG N above Rs.40 before conversion. I saw some people blindly buying W2 at 5.50 on last 15 mins even with no buyer situation. Very Happy

31GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 4:23 pm

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@monash wrote:
@FXX wrote:5.50+33.00=38.50 so even for 1 Rs W2 is not worthy

This means they need to push GREG N above Rs.40 before conversion. I saw some people blindly buying W2 at 5.50 on last 15 mins even with no buyer situation. Very Happy

As I understand the conversion will be on 2013 September (trading will halt this month).

A long time to go Smile By that time Greg could be at Rs.1 or even at Rs.400 Wink Who knows, this is CSE.

32GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 4:24 pm

FXX

FXX
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@monash wrote:
@FXX wrote:5.50+33.00=38.50 so even for 1 Rs W2 is not worthy

This means they need to push GREG N above Rs.40 before conversion. I saw some people blindly buying W2 at 5.50 on last 15 mins even with no buyer situation. Very Happy

even w3 and w6 were trading at 9 to 10 Rs range so in this case w3/w6 are more worthy cus last time when w3 fell to 11 within week it went back to 27 Rs

33GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 4:34 pm

mra

mra
Manager - Equity Analytics
Manager - Equity Analytics
warrants / rights all bull shit. these are another way to rob poor investors pocket.
players first push the price up and go for rights and warrants.

With One stone many mangoes.. I feel sorry for warrant holders. their investment in vain. opportunists just appear and vanish with profits..

interesting to wait and see at what price it will finish before trade hold.

34GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 7:41 pm

Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
@dindon1 wrote:
@Nigel.Machado wrote:look at CLPL.W0012 movements close to warrant conversion day.

It was trading between 10-15 levels then moved down to 1.80 pretty soon.

Be careful with GREG warrants.

Heard about a campaign going on scaring people and collecting warrants at lower prices.,
So keep every one their eyes open.,
The company should immediately post about whats going on ,using relevant media

At last what matters is not rumors it's fundamentals. I told you to be careful with GREG warrants in the morning!!

usually speculatives are collected in the upward trend not downwards. only fundamentals are collected in an downward trend.

this happened over & over again!! previously with CLPL warrants. Also with previous GREG warrants.

LOL lol! down by 50% shouldn't have got stuck with it right??

cheers possible trading opportunities, but still very very high risk.

35GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 8:05 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
The whole GREG drama could be just a tip of the iceburg.. That's why even traders need to be careful on GREG family..

Has any news being published?

36GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 8:12 pm

Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
@smallville wrote:The whole GREG drama could be just a tip of the iceburg.. That's why even traders need to be careful on GREG family..

Has any news being published?

http://www.cse.lk/cmt/upload_cse_announcements/4791328090905_.pdf

That's the only official or formal news available.

"The whole Greg drama" i like that part.....

GREG is all basic mathematics (33+5=38) market price is 27..........

fair value of the warrant 2 = MP - CC = 27- 33 = negative 6

37GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 9:09 pm

kav4


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Does this means W2 will stop trading from 24th Feb 2012?

38GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 9:14 pm

Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
@kav4 wrote:Does this means W2 will stop trading from 24th Feb 2012?

yes till 26th September 2013........

the highlighted passage says so.

39GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 9:25 pm

kav4


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
It says

"subject however to the restriction on trading of the said Warrants in the secondary market within such extended period from 24th February, 2012 to 26th September 2013, by the current holders of the said 2012 Warrants."

So as of I understand, last trading day will be 24th February, 2012 not 2013.

40GREG EGM today! - Page 2 Empty Re: GREG EGM today! Wed Feb 01, 2012 9:42 pm

Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
@kav4 wrote:It says

"subject however to the restriction on trading of the said Warrants in the secondary market within such extended period from 24th February, 2012 to 26th September 2013, by the current holders of the said 2012 Warrants."

So as of I understand, last trading day will be 24th February, 2012 not 2013.

yes i think last trading day would be 24th feb 2012 till 26th sep 2013.....

sigh

41GREG EGM today! - Page 2 Empty Re: GREG EGM today! Thu Feb 02, 2012 1:16 am

kaka


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
GREG should be traded faily

42GREG EGM today! - Page 2 Empty Re: GREG EGM today! Thu Feb 02, 2012 9:19 am

raa


Manager - Equity Analytics
Manager - Equity Analytics
DirectFN just put out a notice saying that the share will stop trading on the 3rd Feb 2011 as per usual!!

So confusing!!

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