For any persons who is interested in the man behind Silvergate you may wish to study the web site of Dejin Resources.
The latest information suggests that, (1)the independent director resigned on January 31st 2013 and was replaced by an insider, (2) a large convertible note is due or payable which seem to be due on the 3 May 2013. If it was redeemed it may be worth around 5 times the current value of the company, (3) there is a profit warning announcement in early February, (4) a right issue announcement on 4 February which was to cover those losses was to occur but the rights issue has since failed to eventuate.
Other announcements indicate that their has been a 40:1 consolidation of Dejin shares since Mr Cheung took over as its chairman in 2010. I guess that is due to a long run down in the share price since that time. If your were to factor this consolidation into today share price you may appreciate the size of that run down.
If you are interested further simply take a look at the following announcements on http://www.dejinresources.com/html/index.php
04 Mar 2013 Monthly Returns - Monthly Return of Equity Issuer on Movements in Securities
14 Feb 2013 Announcements and Notices - Lapse of Placing of Existing Shares and Top Up Subscription of New Shares
08 Feb 2013 Announcements and Notices - Profit Warning
05 Feb 2013 Announcements and Notices - Announcement
04 Feb 2013 Announcements and Notices - Placing of Existing Shares and Top Up Subscription of New Shares
04 Feb 2013 Monthly Returns - Monthly Return of Equity Issuer on Movements in Securities
31 Jan 2013 Announcements and Notices - List of Directors and Their Role and Function
31 Jan 2013 Announcements and Notices - Resignation and Appointment of Independent Non-executive Director, and Change of Member of Audit Committee
10 Jan 2013 Next Day Disclosure Return - Changes in Issued Share Capital
09 Jan 2013 Announcements and Notices - (1) Poll Results of the Special General Meeting Held on 9 January 2013; and (2) Adjustments to Conversion Price of the Convertible Notes and Exercise Price of the Share Options
CAP Price at posting:
18.3¢ Sentiment: None Disclosure: Not Held
