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Battle for Raffles Edu: Oei HL is seeking to remove Chew HS as Chairman of the Co
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13-10-2017 3:31 PM
Kekkk Offline
Senior Sheep

Posts: 536
Reputation: 3
Chew is leaving a lot of unanswered questions to the EGM. The general consensus is that OEI may not win unless he up his stake, which many believe he will. The good feeling that came out was that many people believe that the new shares were placed to Chew's relatives and cronies, because as he had hinted, he expected an upturn in the company fortunes very soon. If the share price is going to be bad, why would his cronies even bother to want them? Oei must have known something, that's is why he been upping his stake. We believe both cannot work together and we would expect Chew to up his stakes too to ward of Oei's . Chew also hinted of a rights issue, in answering to a shareholder's request if the company is going to do to so well, why don't place out the shares to the public instead to his selected few. But many believe that Chew's idea of a rights is to strengthen his hand. I don't believe dumb fuucckk doggie is out of the stock, so I will not let go any more of this insiders news.....

"It's not bragging if you can back it up." Muhammad Ali
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13-10-2017 3:34 PM
Kekkk Offline
Senior Sheep

Posts: 536
Reputation: 3
Today price hit 40 cents, five years high. It means there is hidden interests. If the price hover between 50 and 60 cents by the next EGM, expect the fight to be ugly.

"It's not bragging if you can back it up." Muhammad Ali
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13-10-2017 3:40 PM
supermonkey Offline
Elite

Posts: 2,857
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reminds me of See Hup Seng boardroom war..

One party may end up selling all their shares and gives up..
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13-10-2017 3:53 PM
Kekkk Offline
Senior Sheep

Posts: 536
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Someone was saying remind him of informatics war between Oei and Vincent Tan . End up Vincent agreed on buying over Oei's shares, with Oei making about $15 million profits..after this informatics price been dropping. Now informatics is worth only 7 cents AFTER consolidation.

"It's not bragging if you can back it up." Muhammad Ali
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13-10-2017 3:57 PM
ysh02 Offline
First Class Elite

Posts: 6,710
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Who win make RE price up happy loh....don't care !
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13-10-2017 4:17 PM
lovebug Offline
Senior Sheep

Posts: 491
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13-10-2017 3:34 PMKekkk wrote  Today price hit 40 cents, five years high. It means there is hidden interests. If the price hover between 50 and 60 cents by the next EGM, expect the fight to be ugly.

Hi Kekkk, thanks for the many updates.

Can u rem was there any share consolidation exercise by RE? Yes, there was a right issue at 14 ct in 2013 but consol? I could not find any in the history of annoucements for the last 5 yrs.Happy
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