So does it mean no trading of Greg W 2 from 24th Feb onwards ...??

Slstock

Slstock

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What a catastrophe.

Yesterday Rs 10 now Rs 1-2. Retailers who owned or held for short term this would have lost 80-90% in a day.

I got tempted to buy at Rs5+ yesterday( went to Rs 8.80) and again at Rs 1 ( now RS 2) . But my ethics overpowered me both times. Am glad. Maybe some gamblers won but it is sad to know many other would have lost a lot.

rijayasooriya

rijayasooriya

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@seyon wrote:

@rmark wrote:Just received 02/02.2012 11.04 am
GREG.W0002 In terms of a clarification received from SEC, trading of the above warrant will not be permitted after 03.02.2012

So tomorrow is the last day isn"t it

Yes there is another announcement in DFN saying after 03/02/2012.

Nigel.Machado

Nigel.Machado

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@2011_NewComer wrote:I don't understand why some people still buying it . Is that hoping to do a day trade or ?

hi5 mate!! They are gambling!!

Year to date, down from about 30 to 0.90

Down by 97% what a return!!

Genting

Genting

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I also bought couple of thousands, just to keep and see Smile

mra

mra

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is it worth to buy and hold at 1.50-1.70 level till next year.and check ones luck?

rijayasooriya

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@mra wrote:is it worth to buy and hold at 1.50-1.70 level till next year.and check ones luck?

Why hold ? GREG.N0000 is below Rs33/=.So if u really want to hold buy GREG.N0000 and hold Wink

lokuayya

lokuayya

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not only greg lovers are losers .
this mess brought the whole market down .
now the gregs dream of collecting money from investors is collapsed.what they will do now.
sorry state.

rijayasooriya

rijayasooriya

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@sapumal wrote:Look at this one
http://www.cse.lk/cmt/uploadAnnounceFiles/5811262673956_618.pdf

How SEC can be this much cruel for GREG.
Actually they punishing retailers. Not the masters

WHY THIS KOLAVERI KOLAVARI KOLAVARI SEC...
GREGA BLACK DHO... ANITHWA SUDU DHO....
WHY THIS KOLAVERI KOLAVERI KOLAVERI SEC...

mra

mra

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@rijayasooriya wrote:

@mra wrote:is it worth to buy and hold at 1.50-1.70 level till next year.and check ones luck?

Why hold ? GREG.N0000 is below Rs33/=.So if u really want to hold buy GREG.N0000 and hold

investment basis buy 10,000 shares of w2 and buying 10,000 normal have a huge % difference. to checking one's luck w2 is better I hope.

w2-10000x1.5=rs. 15,000/-
N- 10000 x 26= rs. 260,000

260,000-15,000= 245,000. so better keep this 245,000 in FD and try with w2
even you don't pay for conversion, still you can sett off 15,000 loss from your FD gain.

Chinwi

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BLACK HOLE Activated.

(Can anyone remember ?) study

Innam and some others here including Chinwi can humbly say we have tried out best to save the people from this agony, from the inception of this warrant factory.

gamaya

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Yes, Chinwi, It was quite obvious to some. Isn't it?

Even there announcement is hard to understand. CSE is a good channel of transferring money from the poor to the rich.

K.Haputantri

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I think, effective date of restriction begins on 24th Feb, 12.

Monster

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http://www.cse.lk/cmt/upload_cse_announcements/1241328172630_.pdf

rijayasooriya

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@mra wrote:

@rijayasooriya wrote:

@mra wrote:is it worth to buy and hold at 1.50-1.70 level till next year.and check ones luck?

Why hold ? GREG.N0000 is below Rs33/=.So if u really want to hold buy GREG.N0000 and hold

investment basis buy 10,000 shares of w2 and buying 10,000 normal have a huge % difference. to checking one's luck w2 is better I hope.

w2-10000x1.5=rs. 15,000/-
N- 10000 x 26= rs. 260,000

260,000-15,000= 245,000. so better keep this 245,000 in FD and try with w2
even you don't pay for conversion, still you can sett off 15,000 loss from your FD gain.

If u do not have intention for conversion why hold for one year ? Of course u can hold for next day to check the luck.

K.Haputantri

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Thanks Monster for the info.

LongTerm

LongTerm

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This is unbelievable, trust Greg and SEC to wait till the last moment to "clarify" any issue which is of actual imporatnce to investors.

People are jumping out of Greg warrants as sailors abondaning a "sinking ship", and the matters are officially clarified ONE day before it is supposed to stop trading. Just ridiculous.

Good thing we have platforms such as this for the small guys like us who can discuss matters with like minded people and make some important decisions.

This is what forums should be used, not to promote your own personal agendas by saying Co. X is going up because I bought it yesterday...

lokuayya

lokuayya

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does greg n have a value now? i remember greg bv is about 17.is it worth for 26.

Last edited by lokuayya on Thu Feb 02, 2012 3:31 pm; edited 1 time in total

Slstock

Slstock

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@LongTerm wrote:This is unbelievable, trust Greg and SEC to wait till the last moment to "clarify" any issue which is of actual imporatnce to investors.

People are jumping out of Greg warrants as sailors abondaning a "sinking ship", and the matters are officially clarified ONE day before it is supposed to stop trading. Just ridiculous.

Good thing we have platforms such as this for the small guys like us who can discuss matters with like minded people and make some important decisions.

This is what forums should be used, not to promote your own personal agendas by saying Co. X is going up because I bought it yesterday...

Correct in all counts.

This a crying shame how this matter was handled by all parties concerned. The duty of SEC is also to protect the interests of retailers. The way they are behaving is inexcusable knowing that they are dealing with a company like GREG with a notorious history. Who is a the culprit here. SEC, GREG, Manipulators or retailers who chase after such shares in big quantities.

Whoever it is, the damage is done. Unless one is willing to lock GREG.W2 and expect to GREG as a company to exist in 2013 trading at a higher share price, the train would be gone. Maybe there will be last ditch effort tomorrow on the last day of trading. But as I said before , the damage is already done. Some would have lost 80% value in 2 days!

Pathetic. If someone with authority has a heart and want to do its duty , wake up and atleast learn from this catastrophe, if you care.

I am talking on behalf of the majority who would have lost. ( not the few who would have gained from the panic situation)

Retailer : note that if you play with fire being unprotected , get ready to be burnt.

Last edited by slstock on Thu Feb 02, 2012 3:32 pm; edited 1 time in total

monash

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@lokuayya wrote:is greg n has a value now? i remember greg bv is about 17.i am not sure

If you want to trade with GREG forget about fundamentals.. It's a gamble.. Smile

rijayasooriya

rijayasooriya

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@slstock wrote:

@LongTerm wrote:This is unbelievable, trust Greg and SEC to wait till the last moment to "clarify" any issue which is of actual imporatnce to investors.

People are jumping out of Greg warrants as sailors abondaning a "sinking ship", and the matters are officially clarified ONE day before it is supposed to stop trading. Just ridiculous.

Good thing we have platforms such as this for the small guys like us who can discuss matters with like minded people and make some important decisions.

This is what forums should be used, not to promote your own personal agendas by saying Co. X is going up because I bought it yesterday...

Correct in all counts.

This a crying shame how this matter was handled by all parties concerned. The duty of SEC is also to protect the interests of retailers. The way they are behaving is inexcusable knowing that they are dealing with a company like GREG with a notorious history. Who is a the culprit here. SEC, GREG, Manipulators or retailers who chase after such shares in big quantities.

Whoever it is, the damage is done. Unless one is willing to lock GREG.W2 and expect to GREG as a company to exist in 2013 trading at a higher share price, the train would be gone. Maybe there will be last ditch effort tomorrow on the last day of trading. But as I said before , the damage is already done. Some would have lost 80% value in 2 days!

Pathetic. If someone with authority has a heart and want to do its duty , wake up and atleast learn from this catastrophe, if you care.

I am talking on behalf of the majority who would have lost. ( not the few who would have gained from the panic situation)

Retailer : note that if you play with fire being unprotected , get ready to be burnt.

My main culprit is SEC.It is the so called watchdog.Most of the companies are here to earn money not to protect retailors.
It is the duty of SEC to maintain a fair ground for all.They depend on our transactions via charges.So they must do a fair job.Actually they are in debt to us as they do not do their job in good manner.

gamaya

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Sec aunty and team were sleeping like babies when this cancer infected retailers for many years. Now we all have to pay for that. What a honest and determined leadership.

pushpakumara

pushpakumara

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@slstock wrote:

@LongTerm wrote:This is unbelievable, trust Greg and SEC to wait till the last moment to "clarify" any issue which is of actual imporatnce to investors.

People are jumping out of Greg warrants as sailors abondaning a "sinking ship", and the matters are officially clarified ONE day before it is supposed to stop trading. Just ridiculous.

Good thing we have platforms such as this for the small guys like us who can discuss matters with like minded people and make some important decisions.

This is what forums should be used, not to promote your own personal agendas by saying Co. X is going up because I bought it yesterday...

Correct in all counts.

This a crying shame how this matter was handled by all parties concerned. The duty of SEC is also to protect the interests of retailers. The way they are behaving is inexcusable knowing that they are dealing with a company like GREG with a notorious history. Who is a the culprit here. SEC, GREG, Manipulators or retailers who chase after such shares in big quantities.

Whoever it is, the damage is done. Unless one is willing to lock GREG.W2 and expect to GREG as a company to exist in 2013 trading at a higher share price, the train would be gone. Maybe there will be last ditch effort tomorrow on the last day of trading. But as I said before , the damage is already done. Some would have lost 80% value in 2 days!

Pathetic. If someone with authority has a heart and want to do its duty , wake up and atleast learn from this catastrophe, if you care.

I am talking on behalf of the majority who would have lost. ( not the few who would have gained from the panic situation)

Retailer : note that if you play with fire being unprotected , get ready to be burnt.

Very true. I can not understand why things are happening this way. They (relevant authorities) do not have a heart or they are very unprofessional in their work? or lack of knowledge on the market or ignorance?. Can they announce a trading halt with a one day notice? How about the people who bought warrants in large quantities yesterday and beyond? What is the reason for price band only for tomorrow? I am really confused. Is this the way they win the confidence of investors at CSE. Poor show again by the authorities. Have they acted in the best interest of the majority????. For me , they are NOT.

mithila abeysekera

mithila abeysekera

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last day it hit 3.2 or something.. cause there was a rumor that they will allow trading further more.. if this happens everything will break loose!!!!!
so fishy.... all this last minute things...

i think blue diamond is the next news maker....!!!

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So does it mean no trading of Greg W 2 from 24th Feb onwards ...??

41 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 11:56 am

Slstock

42 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 11:59 am

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43 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 12:06 pm

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44 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 12:15 pm

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45 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 12:32 pm

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46 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 12:35 pm

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47 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 12:43 pm

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48 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 12:53 pm

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49 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 12:55 pm

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50 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 1:01 pm

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51 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 1:15 pm

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52 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 1:33 pm

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53 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 2:20 pm

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54 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 2:25 pm

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55 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 2:44 pm

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56 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 3:13 pm

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57 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 3:24 pm

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58 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 3:28 pm

Slstock

59 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 3:30 pm

monash

60 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 3:40 pm

rijayasooriya

61 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 11:12 pm

gamaya

62 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Thu Feb 02, 2012 11:56 pm

pushpakumara

63 Re: So does it mean no trading of Greg W 2 from 24th Feb onwards ...?? Sun Feb 05, 2012 12:12 am

mithila abeysekera

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