re: Ann: Elemental Successfully Completes A$3... DINGYI - DOING...

re: Ann: Elemental Successfully Completes A$3... DINGYI - DOING WELL AGAIN...NOT!! another profit warning

"the Group is expected to record a significant loss for the year ended 31 March 2014 as compared to the year ended 31 March 2013. The significant loss is mainly attributable to (i) the fair value loss on derivative financial liabilities arising from the preliminary assessment on the valuation of the convertible bonds, and (ii) the share-based payment expenses as a result of the share options granted by the Company during the year."
http://www.aplushk.com/dingyi/upload/ew_00508DingyiAnn-20052014.pdf

Mr super rich owner - where do u get your money from??

Couldve bought ELM out right, just with the losses they make every year...

Govt must print money and hand it to their "friends". Awesome communist luvin community...how do i join?

Also,
"Accordingly, upon completion of the early redemption of the Elemental Convertible Notes, the
Company will no longer hold any Elemental Convertible Notes."
No way they will convert - no benefit to them at all trapped in an entity they cant do anything with beyond hold and play block to any progress ELM will make. Good riddance to the game players - bring on someone serious!
http://www.aplushk.com/dingyi/upload/ew_00508ann-19052014.pdf