InvestIdeas

The great downfall of Ellipsiz (I got the dates from a report) and thought it will be great to see the price-volume action :

This used to be a$1 stock....now about $0.08



1. 21 Mar ‘07 : Talks That Could Lead To A General Offer (prior to this, stock is trading at $0.6 to $0.7)
2. 01 Jun ‘07 : Discussions Terminated
3. 06 Jun ‘07 : Hay Sook Ann, A Substantial Shareholder, Sold 4.561 Mln Shares And Ceased
To Be A Substantial Shareholder
4. 12 Dec ‘07 : Legg Mason Ceased To Be Substantial Shareholder
5. 06 Jan ‘08 : Chong Fook Choy Quits As CEO; Melvin Chan Takes Over
6. 09 Apr ‘08 : CFO Quits
7. 18 Jun ‘08 : Aegis Portfolio Ceases To Be Substantial Shareholder
8. 13 Aug ‘08 : Rights Issue
9. 19 Aug ‘08 : Atlantis Investment Ceases To Be Substantial Shareholder

die, dying or dead ?

technically speaking, it's dead. I don't even know what they do.

but, forward looking questions... we can perhaps post to the CEO and see what kind of guidance is given

After all, Hewlette Packard was being turnaround now by the current CEO.

nevermind lah....so many fishes in the ocean to choose... let this be a salted fish...

so long as got mountain, why worry about no fire wood - chinese philosopher, lim peh

This is a good example of 'no smoke without fire'. Just 2 days back there is heavy selling. The price went from $0.11 to $0.08 (again above average volume)

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BANKING FACILITIES

http://info.sgx.com/webcorannc.nsf/ef3b ... enDocument

Ellipsiz Ltd (the “Company”) wishes to make the following disclosures:

1. The Company has an outstanding 3-year term loan (“Term Loan”) of S$5.6 million granted by a bank (the “Bank”) in Singapore. It is a term of the facility (“Facility”) that the Company shall maintain a consolidated tangible net worth of not less than S$75 million (the “Financial Covenant”). The Financial Covenant is assessed annually by the Bank.

2. In the fourth quarter of FY 2008, the Company and its subsidiaries (the” Group’) suffered losses due mainly to a one-time restructuring charge (including loss of tax benefits) of approximately S$9.4 million in connection with the rationalisation exercise carried out by its Probe Cards Solutions business (previously announced on 29 July 2008). As a consequence of the restructuring exercise and the Group’s financial performance as of 30 June 2008, the consolidated tangible net worth of the Company was reduced to approximately S$68.5 million, and the Group does not satisfy the required Financial Covenant.

3. The Company promptly notified the Bank of such non-compliance upon being aware of the same. The Bank has issued a letter dated 15 August 2008 advising inter-alia, that the Bank shall continue to make available the banking facility for the Company’s use. The terms and conditions of the Facility, including the repayment terms, remain unchanged.

4. Nonetheless, pursuant to Financial Reporting Standard 1, as a result of the non-compliance of the Financial Covenant, the Company has classified the outstanding Term Loan as a current liability, even though the Bank has advised that it shall continue to make available the Facility. Save as disclosed, there is no material financial effect on the Company.

not vested

Time: 10:11AM
Exchange: SGX
Stock: Ellipsiz(E13)
Signal: Bearish MACD Crossover
Last Done: $0.095

Source: UOBKH

not vested

Time: 4:37PM
Exchange: SGX
Stock: Ellipsiz(E13)
Signal: Bearish MACD Centerline Crossover
Last Done: $0.09

Source: UOBKH

not vested

Time: 1:04PM
Exchange: SGX
Stock: Ellipsiz(E13)
Signal: Bearish MACD Centerline Crossover
Last Done: $0.09

Source: UOBKH

Ellipsiz sees 21% fall in 9M earnings to $4.6 mil
http://www.theedgemarkets.com.sg/ellips ... ngs-46-mil

ellipsiz-says-approached-third-party-prospective-transaction
https://www.theedgesingapore.com/ellips ... ransaction