Fully agree. Don't buy. Why donate our hard earned $ to sucker Value Capital n crap management?
Teechnically, consolidation (100 :1, 200:1, 0r 1000: 1...) comming soon, to continue downtrend.Fundamentally, the paper liongold keeps losing value, while the management still enjoy fees, salaries and bonus...
What a nightnare for the retail investors. The best way I guess is simply write off, NEVER think of average down.
Rest In Peace!
Teechnically, consolidation (100 :1, 200:1, 0r 1000: 1...) comming soon, to continue downtrend.
Fundamentally, the paper liongold keeps losing value, while the management still enjoy fees, salaries and bonus...
What a nightnare for the retail investors. The best way I guess is simply write off, NEVER think of average down.
Rest In Peace!
The company will be leach till the management pass away or bankrupt.
The man behind all these company is a big croc
It got queried by sgx today..
I think now whoever subcribe at 0.0008 can / will try to attract ppl to queue at 0.001..
So that they can dump at 0.001..
Anyway one of the ex director- the son of tun daim who recently bankrupt for not paying the margin losses..his dad tun daim use to be a big timer but the son lose big time..
The dad tun daim still easily worth billions.
if u own lion gold shares ..
better sell off..
before .1cts buy q...becomes .1cts sell q
the subscription price is $0.0008even selling at minimum price means 25% gain...
value capital coverts $300,000...bondinto 375m shares...12.47% of equity...
wow a couple o f million u can buy over lion gold...
the subscription price is $0.0008
even selling at minimum price means 25% gain...
value capital coverts $300,000...bondinto 375m shares...12.47% of equity...
wow a couple o f million u can buy over lion gold...
Some more, they rounded down the conversion price, instead of rounding up 0.000878 to 0.0009!! Sucker management.
value capital coverts $300,000...bond
into 375m shares...12.47% of equity...
wow a couple o f million u can buy over lion gold...
The Liongold management really dare do whatever to get $ for themselves. Does sgx allow such a "dump first, convert later" trick? Poor investors still allow them to suck up hard earned $?
375000 lots of shares which is price at $0.008 will be added drop into market for bond holder to sell to gamblers.
Which means that have share consolidation?
1
LIONGOLD CORP LTD
(Incorporated in Bermuda)
(Company Registration No. 35500)
RESPONSE TO QUERIES FROM THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
REGARDING TRADING ACTIVITY
The board of directors (the &ldquo Board&rdquo ) of LionGold Corp Ltd (the &ldquo Company&rdquo and together with its
subsidiaries, the &ldquo Group&rdquo ) refers to the queries from the Singapore Exchange Securities Trading Limited
(the &ldquo SGX-ST&rdquo ) (the &ldquo SGX-ST queries&rdquo ) in connection with the recent unusual volume movements in the
shares of the Company (the &ldquo Shares&rdquo ) and wishes to respond to the SGX-ST queries as follows:
SGX-ST Query 1:
Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries
or associated companies which, if known, might explain the trading? Such information may include events
that are potentially material and price-sensitive, such as discussions and negotiations that may lead to
joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to
paragraph 9 in Appendix 7A of the Catalist Rules for further examples.
- If yes, the information shall be announced immediately.
Company&rsquo s response:
The Company is not aware of any information not previously announced concerning it, its subsidiaries or
associated companies which, if known, might explain the trading.
SGX-ST Query 2:
Are you aware of any other possible explanation for the trading? Such information may include public
circulation of information by rumours or reports.
Company&rsquo s response:
Unless otherwise defined herein or the context otherwise requires, all capitalised terms herein shall bear
the same meanings as ascribed to them in the Company&rsquo s circular to shareholders of the Company
(&ldquo Shareholders&rdquo ) dated 21 August 2015.
The Subscriber has today given the Company a notice to exercise its rights to convert six (6) RCBs with
an aggregate principal value of S$300,000 in accordance with the terms and conditions of the
Subscription Agreement. The RCBs will be converted into 375,000,000 Conversion Shares at the issue
price of S$0.0008 per Conversion Share. The Company has released the announcement relating to the
aforesaid earlier today.
Save for the above, the Company is not aware of any other possible explanation for the recent unusual
volume movements in the Shares.
SGX-ST Query 3:
Can you confirm your compliance with the listing rules and, in particular, Catalist Rule 703?
Which means that have share consolidation?
1
LIONGOLD CORP LTD
(Incorporated in Bermuda)
(Company Registration No. 35500)
RESPONSE TO QUERIES FROM THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
REGARDING TRADING ACTIVITY
The board of directors (the &ldquo Board&rdquo ) of LionGold Corp Ltd (the &ldquo Company&rdquo and together with its
subsidiaries, the &ldquo Group&rdquo ) refers to the queries from the Singapore Exchange Securities Trading Limited
(the &ldquo SGX-ST&rdquo ) (the &ldquo SGX-ST queries&rdquo ) in connection with the recent unusual volume movements in the
shares of the Company (the &ldquo Shares&rdquo ) and wishes to respond to the SGX-ST queries as follows:
SGX-ST Query 1:
Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries
or associated companies which, if known, might explain the trading? Such information may include events
that are potentially material and price-sensitive, such as discussions and negotiations that may lead to
joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to
paragraph 9 in Appendix 7A of the Catalist Rules for further examples.
- If yes, the information shall be announced immediately.
Company&rsquo s response:
The Company is not aware of any information not previously announced concerning it, its subsidiaries or
associated companies which, if known, might explain the trading.
SGX-ST Query 2:
Are you aware of any other possible explanation for the trading? Such information may include public
circulation of information by rumours or reports.
Company&rsquo s response:
Unless otherwise defined herein or the context otherwise requires, all capitalised terms herein shall bear
the same meanings as ascribed to them in the Company&rsquo s circular to shareholders of the Company
(&ldquo Shareholders&rdquo ) dated 21 August 2015.
The Subscriber has today given the Company a notice to exercise its rights to convert six (6) RCBs with
an aggregate principal value of S$300,000 in accordance with the terms and conditions of the
Subscription Agreement. The RCBs will be converted into 375,000,000 Conversion Shares at the issue
price of S$0.0008 per Conversion Share. The Company has released the announcement relating to the
aforesaid earlier today.
Save for the above, the Company is not aware of any other possible explanation for the recent unusual
volume movements in the Shares.
SGX-ST Query 3:
Can you confirm your compliance with the listing rules and, in particular, Catalist Rule 703?
Likely huge bond conversion in one shot and CAD isnt' likely to catch anyone since the focus is share manipulation and not hanky panky within its company that cause huge loss on assets.
1
LIONGOLD CORP LTD
(Incorporated in Bermuda)
(Company Registration No. 35500)
RESPONSE TO QUERIES FROM THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
REGARDING TRADING ACTIVITY
The board of directors (the &ldquo Board&rdquo ) of LionGold Corp Ltd (the &ldquo Company&rdquo and together with its
subsidiaries, the &ldquo Group&rdquo ) refers to the queries from the Singapore Exchange Securities Trading Limited
(the &ldquo SGX-ST&rdquo ) (the &ldquo SGX-ST queries&rdquo ) in connection with the recent unusual volume movements in the
shares of the Company (the &ldquo Shares&rdquo ) and wishes to respond to the SGX-ST queries as follows:
SGX-ST Query 1:
Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries
or associated companies which, if known, might explain the trading? Such information may include events
that are potentially material and price-sensitive, such as discussions and negotiations that may lead to
joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to
paragraph 9 in Appendix 7A of the Catalist Rules for further examples.
- If yes, the information shall be announced immediately.
Company&rsquo s response:
The Company is not aware of any information not previously announced concerning it, its subsidiaries or
associated companies which, if known, might explain the trading.
SGX-ST Query 2:
Are you aware of any other possible explanation for the trading? Such information may include public
circulation of information by rumours or reports.
Company&rsquo s response:
Unless otherwise defined herein or the context otherwise requires, all capitalised terms herein shall bear
the same meanings as ascribed to them in the Company&rsquo s circular to shareholders of the Company
(&ldquo Shareholders&rdquo ) dated 21 August 2015.
The Subscriber has today given the Company a notice to exercise its rights to convert six (6) RCBs with
an aggregate principal value of S$300,000 in accordance with the terms and conditions of the
Subscription Agreement. The RCBs will be converted into 375,000,000 Conversion Shares at the issue
price of S$0.0008 per Conversion Share. The Company has released the announcement relating to the
aforesaid earlier today.
Save for the above, the Company is not aware of any other possible explanation for the recent unusual
volume movements in the Shares.
SGX-ST Query 3:
Can you confirm your compliance with the listing rules and, in particular, Catalist Rule 703?
Likely huge bond conversion in one shot and CAD isnt' likely to catch anyone since the focus is share manipulation and not hanky panky within its company that cause huge loss on assets.
The only solution is to consolidate 10 to one or 100 to 1. Then they can start selling down again.Only one chance left. CAD must come out with their report and pin point someone responsible, and do so without fear or favour that is our rule of the law. Lol.
