Stirling what you are suggesting sounds unethical. Are you sure of things you wrote about?
btw, Stratech needs to do share consolidation. Anyone knows what the ratio is likely to be ?
1 share for 20? result about 60 cents trading price post-consol.
2. If Stratech has to delist in order to exit the watchlist .... this is interesting to speculate on. What would be an offer price that is reasonable and fair from the controlling shareholders? If they reference the market prices (historical), then minority shareholders will be screaming in pain.
The Board is pleased to announce that the Company has on 19 May 2015 received a notification from the SGX-ST that it has no objection to granting the Company an extension of time of up to 12 months to 4 June 2016 to meet the requirements for removal from the Watch-list ....
What's unclear -- very unclear -- is why 99% of the airports of the world are doing just fine without a Foreign Object Detection system like Stratech's? Articles on Stratech have cited an old accident arising from a piece of metal which caused a Concorde incident. Thank God there's been nothing like it since then. Is it because visual inspections and manual sweeps as well as pilot notifications are more than sufficient? When there has been hardly any incident for the millions of flights since the Concorde incident, how would airports justify spending tens of millions in capex & future maintenance on the FOD system of Stratech?
Wow what a fantastic run, from 1.5 cents a year ago to 6.3 cents today!!! Market cap about $100 million. Will it reach $300 m market cap (IPO time)? A lot of shareholder value had been damaged in the past..... with so many rights issues, the issued capital is now 6X higher than at IPO.
Heads are filled with questions. Around the trading rooms, people speculate on why Stratech flying so high to 7.7 cents from just 2 cents last year. Has the stock been cornered? Is there leakage of news of upcoming contracts for IFerret?
Given that speculators have already entered, pushing up prices and collapsing the shorties, next week will make an interesting time to watch Stratech. Will it hit 10.0?
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