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EliteYoda

01/13/11 7:15 PM

#123 RE: newmedman #112

Very nice info page.
The capital reorganization is temporarily wreaking havoc on the share structure so even the company only has ranges for now as far as how well the issuance and subscription to rights shares performs until Feb 8 at which time we and the company should know how successful it was and what will be the new share structure.
I do know though that as of Dec 15 2010 after the split, but before all the rights issuance, there were roughly 92M shares total. If the company eventually gets roughly $400M from the subscription then the structure will change but par value should remain at what was stated in the filing at the end of the capital reorg ; HKD$2.50/share which is about USD$0.32/share.
So the risk for buying in now is the how effective the rights perform vs the amount of new money inflow (on par); so to those who got USD$0.07 shares, if the issuance goes horribly wrong and a limited number of chinese big cats get cheap shares on the hong kong exchange, dilution will necessarily come into play at par and so by Feb 8 the gains could very well be nil, however if a large pool of new chinese investors come in at high prices, you will still see dilution BUT at the higher (par) capital inflow you will see DGTLF shares over valued so could see huge gains by open on Feb 8, topping USD$0.32 - time will tell
cheers