In view of all the banks having withdrawn their support for the Group, the Board of Directors is of the opinion that the Company will not be able to pay all the debts as and when they fall due in the next 12 months from the date of this announcement. However, should the standstill agreement be reached with the Group's bankers, solvency of the Company will be restored.
Thats what I am curious about as the bid volume is quite high now as well..but the company is now PN17 beside their directors are selling their own shares now and so I am not sure whether will this company bouce back or not or sink all the way down..its price is at 0.07 now
This counter is similar with Keywest. This counter was goreng-ed 1~2 months before the announcement of PN17. What happened to Keywest now? It has been suspended!
There is a saying, IF everybody sells it is time to buy. Penny stock, cheap cheap. goes up you will be a millionair over night Give it a shot guys. China is going to buy lots of rubber soon. They have reduce the import duty. Might go up to 80 cents in two months time.
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Posted by PETERMOO > 2012-11-24 15:06 | Report Abuse
Making some noises lately. Why?