Sinotel Tech Rights Issue - For?

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13 years 10 months ago #4739 by
Replied by on topic Re:Sinotel Tech
SINOTEL: The return of hey-days for Sinotel shares?

www.nextinsight.net/index.php/story-arch...he-return-of-sinotel


Good one!

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13 years 4 months ago #6420 by Mel
Replied by Mel on topic Re:Sinotel Tech
Sinotel has been bashed down from 37 cents at sstart of 2011. Now recover 2 cents. No big deal.
Even at 22.5 cents, not keen on it.

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13 years 3 months ago #6486 by Joes
Replied by Joes on topic Re:Sinotel Tech
Ex-market darling. A stock that thoroughly disappointed with its huge receivables, overhyped story & constant cash-raising from the market.

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12 years 8 months ago - 12 years 8 months ago #8333 by Dongdaemun
Replied by Dongdaemun on topic Re:Sinotel Tech
Ex-lover can make a comeback, right? From 11 cents in early Dec 2011 to 24 cents now!
Why ah?
Last edit: 12 years 8 months ago by Dongdaemun.

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12 years 6 months ago #8686 by Dongdaemun
Replied by Dongdaemun on topic Re:Sinotel Tech --
Sinotel announced shock today. that a few key employees of a subsidiary paid out RM105 m fraudulently. Luckily they can trace the money & expect to recover RMb89 m. Goes to show, S-chips can have problems with employees who handle money, not just CEO/CFO cooking the accounts.  Another risk factor. Sinotel didn't explain how come the employees can pay out so much cash in the first place. And didn't explain where the cash went --- whose accounts? All in all,the market will not take this too kindly. The  shortists (stoopid parasites) are smelling blood, I am sure

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12 years 6 months ago - 12 years 6 months ago #8687 by Dongdaemun
Replied by Dongdaemun on topic Re:Sinotel Tech
Sinotel (12.8 cents) is down 24%! It lost 4 cents = S$17 million lost in market cap.

V punishing, as it is 3X the sum not yet expected to be recoverable = only RMB16 million (105-89 = 16 m RMB).
Last edit: 12 years 6 months ago by Dongdaemun.

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