Oct 23rd 2008, 16:12
Andiez Smythe
ACE trader since 2008/09/24
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Re: OPEN LETTER |
Speaking as a Trader new to ACE but with some experience in the RL London Stock Exchange, I'd advise everyone to take a long hard look at existing ACE stocks. It's pretty evident that some traders are selling at a much lower level than they were a few days ago looking like they are selling at a loss while other traders are picking up what probably appear to them as bargains. For example a few days ago OMG! were selling at L$0.95. I know because I bought them. But as I write this the lowest sell offer in OMG! is 5,000 at L$0.88. If IHI stock follows the same path as some existing stocks it may well plummet like the proverbial stone. So in the current climate it might be better to stay in IPO where the share price is protected.
Just a thought there. |
Oct 24th 2008, 06:25
Giampaolo Huldschinsky
ACE trader since 2008/05/06
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Re: OPEN LETTER |
I am sorry Andiez i don't agree with you! I think people doesn't buy shares just for speculation and if the price go down is a good opportunity for long term investor to buy cheap and have a greater % in a company in which they believe.
So if u consider also this point of view the price fluctations can be a positive thing.
So i think is not a good idea to keep in ipo stage too long especially as i repeated in an previous thread for a company like IHI that invest also in rl, we have to give the opportunity to work!!
And i think many investor like me doesn't like to see their money frozen for too long in an IPO!
We also expect a clarification from ACE staff, it just take 2 mins to explain i think :)
Ciao ciao |
Oct 24th 2008, 20:10
Stray Underwood
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Re: OPEN LETTER |
Dear CEO, your poll did not produce a move to trading vote.
Will you continue to push for listing, or will you remain in IPO? |
Oct 25th 2008, 00:50
Andiez Smythe
ACE trader since 2008/09/24
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Re: OPEN LETTER |
I wonder how many ACE directors voted against it LMAO.
This is a dirty business and I think everyone reading this discussion will regard it as such. It's passed IPO and it should come out of IPO but it isn't com ing out of IPO and the money which rightly belongs to those who bought the shares is being unreasonably held by ACE.
I think those responsible for holding that money should answer to the accusations previously posted: Is the money being held available or is it not available? If it is not available where the hell is it? |
Oct 25th 2008, 02:33
Santinhos Noel
IHI CEO
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Re: OPEN LETTER |
Dear Stray Underwood,
My poll was not for moving IHI for listing!
The poll was for this open letter to got publish in the main news of ACE. Like an Anuncement...
Like here: "Latest News from the Trading Floor"
OK? Pay more attention Mr Underwood....
Because IHI Will move for listing that voting was allready made in a question to my ShareHolders not to all general public.
IHI is a company of Shareholders! If you, Mr Underwood are a shareholder your opinion will count, if not is just your public opinion that i respect, but i respect more my shareholders opionions.
I hope that we get to suprise many people like you Mr. Underwood in quotation, like we did in IPO.
But thank you for all of you general opionion, that represents that IHI is getting atention...
Best Regards
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Oct 25th 2008, 03:36
Anja Drevnerussky
ACE trader since 2008/06/15
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Re: OPEN LETTER |
Mr. Underwood, it's getting ridiculous. There is no poll needed for moving to the trading floor. IHI targetted the 19th of September, then it was the 19th of October, which led to the quotation party, attended by Mr. Brautigan himself. I didn't hear one of the shareholders ask for a further delay, perhaps excluding you. Are you posting to this forum as an IHI shareholder or as an ACE board member? For your interests as an IHI shareholder you should contact the CEO of IHI, who has always an open ear for the matters of his shareholders.
But I'll try to take it in the best way. Interpretating your latest posting "Hey, you lazy guys, we are ready to bring you on the floor, but you don't vote for this move!" would really make my day.
Best Regards
Anja Drevnerussky |
Oct 25th 2008, 11:48
Stray Underwood
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Re: OPEN LETTER |
Please note I have edited this (as to keep some from being confused :P)
If anyone wants to know what it said just ask in world. This thread makes me understand where the community is, avoiding stuff like this, I will join them. |
Oct 25th 2008, 15:03
Andiez Smythe
ACE trader since 2008/09/24
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Re: OPEN LETTER |
Well, that last post from Stray gets me confused.
But let's examine that which was highlighted earlier in this thread: IPOs are being unreasonably held in IPO and yet PFW was publicly listed rather quickly. Well, the difference could be that PFW being listed was due to L$ coming into ACE but an IPO going public is L$ going out of ACE, i.e. to the CEO. Makes one think doesn't it :) |
Oct 25th 2008, 15:09
Stray Underwood
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Re: OPEN LETTER |
Note to Andiez:
I would have explained it if as you sat with me talking in world you had asked :P |
Oct 25th 2008, 20:59
Johnny Norwood
ESN CEO
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Re: OPEN LETTER |
money going out?
there is no money going out from ACE from the IPO.
all the money from the IPO is either shareholders or the CEO of IHI's money.
none of that money belongs to ace in the first place.
what they get is a small precentage fee from the IPO, but the rest of the money should be/have been untouched. |
Oct 26th 2008, 00:27
Andiez Smythe
ACE trader since 2008/09/24
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Re: OPEN LETTER |
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Johnny, as I understand it when an IPO goes public the money raised from shareholders is released to the CEO of the company. Until then it's held by ACE. |
Oct 26th 2008, 08:56
Johnny Norwood
ESN CEO
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Re: OPEN LETTER |
Correct, my point was that even if ACE holds the money until the IPO is finnished, that money shouldent be used by ACE as its not their money.
They are just a temporarly bank. and for this they take a fee from the amout raised in the IPO. |
Oct 26th 2008, 09:46
Andiez Smythe
ACE trader since 2008/09/24
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Re: OPEN LETTER |
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I note that IHI has gone to the public trading floor today and I look forward to buying some shares :) |
Nov 7th 2008, 06:45
Lyndell Aleixandre
ACE trader since 2007/10/23
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Re: OPEN LETTER |
well , i read and read and all im seeing is that ace somehow has a hidden agenda? as far as i know the IHI IPO was not held for any reasons but the ones stated, ive been extremely busy... the PFW was processed quickly because it was an existing company in VSTEX that was actively trading not in IPO as i understand it? i was handed the list and asked to format it and integrate it into our database as per migration procedures, then i was informed that the list contained erroneous data and i spent over 5 hours correcting the mistake, i processed the IHI IPO as per cliff's directive to me before i processed the corrected PFW list, believe me IHI had precedence on the stack of work i had, there was no favoritism involved here and certainly no hidden agenda as far as im aware. i do my best to keep on top of everything, and apologize for any delay.
-Your friendly website administrator |
Nov 7th 2008, 06:50
Lyndell Aleixandre
ACE trader since 2007/10/23
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Re: OPEN LETTER |
Also, ace does not use IPO money.
-Your friendly website administrator |
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