Transol Group - TNC - Rise from the dead?

[cujodog]

Trading halt put on these shares today.

[tracker]

I couldnt beleive that people actually bought this stock expecting a bounce?????
Its one thing when a blue chip faulters, and supports are clearly seen for those who choose to play , its another when a stocks looses like 90% of value in like 3 months, either not enough thought put into trade and stock selection, or the person has just too much money lol,
OR the player would be better off at the casino, I think over there you might get better odds

food for thought

tracker
personally I would never enter a stock without a clear stop loss and exit plan, this stock besides all the above offerred none of those requirements

[winner69]

Doesn't look like it mate

Couldn't you sell the bundle you have when you bailed out of the market the other day

[winner69]

Yeah I know mate

Shame you got left with them .... probably worthless anyway

Must have got caught going through a red light

[cujodog]

Any news about these shares yet?

[cujodog]

Please someone must have some updated news on this share.

[winner69]

Receiver still has an interest in one of the subsidiaries and did mention that he might be free of the mess in April

Cujodog .... I'd put in the 'bottom drawer' and forget about .... prob worthless anyway

If really really desperate to get the latest email the receiver

[winner69]

Capital gains tax is interesting in these circumstances as well cujodog

Some rules about when you claim the 'loss' but they aren't that friendly

[cujodog]

The company has made an announcement today that $20,750,000 ordinary shares, held in escrow for two years until 24 December 2005, are now released from escrow.

Does anyone know what this may mean?

[cujodog]

On the 7th Feb the following announcement was made:

"The receivers advise they have retired from the receivership following completion of the sale of certain assets to Nestor Inc - they remain receivers of one subsidiary company but expect to retire as receivers of that company during April 2006"

Therefore it looks like that there may be some further news this month as to whether this company may be relisting.

Good luck to those that hold.

[cujodog]

Announcement finally made.

General Meeting to be held on Monday 22nd May.

[winner69]

Hope you read the 35 pages that were released about what they intend to do

[cujodog]

quote:Originally posted by winner69

Hope you read the 35 pages that were released about what they intend to do


Yes I have and it's great news. New shares will be issued at only 1c. So if I buy $50,000 worth the share price only needs to go the 20cents and I'll be a millionaire. How easy is that?:D

[Mick100]

quote:Originally posted by cujodog


quote:Originally posted by winner69

Hope you read the 35 pages that were released about what they intend to do


Yes I have and it's great news. New shares will be issued at only 1c. So if I buy $50,000 worth the share price only needs to go the 20cents and I'll be a millionaire. How easy is that?:D


He hasn't lost his sense of humour winner.
,

[cujodog]

Does anyone know what the latest is with this company. Is it going to be relisted?