Mr.Melony is in CIFL board now. Then why should he sell? If it is force selling means Melony does not have fund.
Then how is he going to pump U$12MN to CIFL?
CONFUSING......
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hairai wrote:I was told by friend of mine that Owner is selling CIFL . Some says force selling and some says owner is purposely selling.
Mr.Melony is in CIFL board now. Then why should he sell? If it is force selling means Melony does not have fund.
Then how is he going to pump U$12MN to CIFL?
CONFUSING......
hairai wrote:He said owner is selling. Not sure whether it is melony....
hariesha wrote:CIFL is owned by Maloney now and is the top shareholder. He got the control with the acquisition of ASPIC. I think selling is from Deepthi Perera, former owner. If it is from him, there are 7M shares to be sold.
Aubrey Perera wrote:Aspic was headed by Deepthi. Rumour he has already sold and going back to Thailand where he started his business ventures.
LSE wrote:hariesha wrote:CIFL is owned by Maloney now and is the top shareholder. He got the control with the acquisition of ASPIC. I think selling is from Deepthi Perera, former owner. If it is from him, there are 7M shares to be sold.
If this is true then, what will happen..? Will CIFL drag to 2 >> xxx levels ...?
Thank You.
smallville wrote:LSE wrote:hariesha wrote:CIFL is owned by Maloney now and is the top shareholder. He got the control with the acquisition of ASPIC. I think selling is from Deepthi Perera, former owner. If it is from him, there are 7M shares to be sold.
If this is true then, what will happen..? Will CIFL drag to 2 >> xxx levels ...?
Thank You.
As per the look, it looks like a reality.. Maloney has pumped the money he received after selling his TWOD shares.
slstock wrote:TWOD holding was 17 Mill shares in Rs 6. But there is a lot more coming to make $12 million.
Someone needs to file a case for Chairman letting down his company like this (TWOD). Atleast some crossing would be okay but to sell to retailers in open market.
ONTHEMONEY wrote:The crisis in CIFL would take time to heal..Firm has lend Rs 1.5Bn to Aspic Homes for property developments at Homagama-Park View Residencies. However as at date it has fallen overdue.
Sorry for the late reply over number queries made in this forum;
The housing project - Part of the sales have realized and there are some left to be sold.
Meloney has provided a recovery plan to CIFL with the $ 12Mn cash infusion to CBSL. However funds have still not invested in the company and confidential sources reveal that Meloney is planning to invest $ 12.0Mn at regular intervals.
Further to recover the funds lend to Aspic Homes CIFL needs to go ahead with legal actions. However if above investment takes place; the company is able to lend with limited liquidity problems.
Q1. Who r u to promote Cifl?
Q2.Is this the recovery plan for Cifl?
Q3.What is % of captal trust holding of Cifl?
If u are able to ans my above I will give u good support at 2.00 oncemy collection is completed LOL
Therefore in my view investments in this counter will be subject to medium risk but a 200% return in 2-3 years to come. However speculations could attract short term gains.
Happy Trading
OTM
dammikabanda wrote:IT WILL COME BACK TO THE 2.5 LEVEL NEXT FEW DAYS
indi009 wrote:dammikabanda wrote:IT WILL COME BACK TO THE 2.5 LEVEL NEXT FEW DAYS
What makes you say like that?????
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