Earlier, I posted about Digiland...
http://wealthbuch.blogspot.com/2010/06/digiland-beware.html
We had Digiland calling for a 'massive' rights issue - a 1-for-1 renounceable non-underwritten rights issue of up to 8,526m new shares at $0.001 per share, to raise $8.25m!
It failed. SGX did right.
Digiland did not give up. They gave placement shares, amounting to $8.2m in total.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A21A84CBFA42A2064825780A00300423/$file/Anncemt-PlacementShares31Dec10.pdf?openelement
A total of 1.7b placement shares was issued to add to the 8.5b float.....
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Showing posts with label Digiland. Show all posts
Showing posts with label Digiland. Show all posts
Tuesday, February 8, 2011
Thursday, June 10, 2010
Digiland -- Beware
Digiland is the pennies of all pennies to me. Over at Afralug forums, there is a warning by forumer dydx. His posts on this company are really great, and I see no need to rewrite everything myself into a warning.
Digiland is one penny I will avoid at all costs, be it from TA or FA. TA, it's easy to buy but hard to sell. FA, it's market cap is too big, share dilution too big, for a loss making company that's so small.
Below, I will compile some of the critical posts made by forumers at Afralug on this company. It's a buyers beware, punt at your own risks, kind of stock.
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By dydx
Digiland International
Judging by the extremely high volume transacted on this counter in the last couple of days - again taking the No.1 position in today's "Top Volume Table"!! - it appears that many people are betting on Digiland International as another "get-rich-quick" investment.
Digiland is one penny I will avoid at all costs, be it from TA or FA. TA, it's easy to buy but hard to sell. FA, it's market cap is too big, share dilution too big, for a loss making company that's so small.
Below, I will compile some of the critical posts made by forumers at Afralug on this company. It's a buyers beware, punt at your own risks, kind of stock.
-----------------------------------------------------------------------------------
By dydx
Digiland International
Judging by the extremely high volume transacted on this counter in the last couple of days - again taking the No.1 position in today's "Top Volume Table"!! - it appears that many people are betting on Digiland International as another "get-rich-quick" investment.
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