Main thing is will some body spend 4.20 X 70 000 000 to buy W03 for nothing ?
no my friend i dont think so ...
Yes if they want the conected parties - they can and they will take GREG to 60 Levels & warrents to beyoned 10 even
OMG... How soon? pls share cuz I wanna load my profile with GREG and forget the CSE once I become a multi-millionaire.. Will send u 10% too
Can you remember how DPL went to 70 levels ha ha
Those were the days bull was in absolute control, is it the same as now?
And not only this USD 16.7 see the NAV of GREG 24 ..
Agree that considering GREG on NAV, it seems attractive but the main point is we dont know how this will go and what it will do in months to come, additionally, do we know whose in control and their motivation of buying it (if management or controlling changed?
Will this 16.7 mil see the light?
And though i too have i dont think REEF as a better share than GREG when you go through their finacilas ..with CITK & CITW construction work yet not even started ..
No no GREG is far better than REEF ....
REEF's pending development is worrying investors but without building those I dont think Divasa owners can survive.. moreover, there'll be no recognition to REEF without the said constructions.. So its a safe guess that they would start the constructions. Infact the Kalpitiya was cleared recently I heard.
As per the annual report construction of CITK will start soon and they will build Villas first.
Construction work on the 150-room hotel has begun and the1 4 star property is due to open towards mid-2013. We have already started to market the rooms through tour operators. (page 23)
We have slightly revised our plans for Citrus Kalpitiya, which sits on 78 acres of prime land that faces the Indian Ocean. Under the first stage, we plan to build 32 upmarket villas that overlook the 50-meter wide fresh water way (page 24)
Also 98% of Hikkaduwa is again REEF.
Also looking at the financials, it's subsidiaries have money to fund the projects.
REEF has a positive cash flow and has earned a lot as interest as well. But they also need money otherwise they'd not opt to convert the W18 warrants again.
CITK has a large stake in CLND which is worth around 1.4bn rupees. But CLND is running at a loss so is not subjected to a sell off either.
Furthermore, CITW also has a huge amount due from related parties and less debt.
There is a concern though - most of these amounts due to both CITK and CITW are from the parent REEF.
Then the amount REEF expected to raise by W19 conversion in 2015 is 2.5bn.
Warrant conversions can be failures, SEE GREG.W2 for that matter.. It traded at 0.10 or 0.20 at the final hour of last trading date. Then the trading has been stopped but the conversion has been postponed to Sep 2013. Now ppl who bought this has no way of realising the capital by selling at least 0.10..
So you should not only eye for conversion but to book capital gains when ur target is reached.
Good think abt W19 is, u still have abt 2.5 years.. And even if this becomes a failure 6-12 months time could be enuf to book profits
Had i told anybody to buy Greg ?
Dont get upset and angry with people when they dont agree to you ..?
Just mind your own business ..If people buy shares and decide for a mere post on this fortum ..God help them ..But Fortune favours the brave ..High Risk carries Hif profits ...
Byee ./.Mind your own business my friend
Ok I lost between your wisdom talks. Pls explain the motive in your countless GREG promotions..
Now what you want this time? you failed to realize the magic with BLUE and went on promoting it.. finally accepted that u cut short your long term investment of BLUE and got in to GREG.
If you dont want the forum members to be educated on a share WHY THE HELL U KEEP POSTING ABT IT? Then u can mind your own business and let GERG go wherever it could know?Do u want to impress yourself that u made a good investment and GREG is a good share?
So u could do this by just hanging an advertisement or a phrase like " GREG is Good" on top of your bed where u can see everyday when u get up.. Why squander members time?
You've been saying "Fortune favours the brave ..High Risk carries High profits".
Hmmm.. could be true.. But have you heard this? "You can take a DONKEY to water but u cannot make it drink.."
Now I think its time for the forum members to be cautious abt GREG..