Oculus down or unchanged on so low vol. today ....shd be well supported.Very easy the directors just abstain from voting since they hve interest in both cos...Dr Soh Of Jade has acquired or planned joint ventures with his subsidiary or associate cos..he always abstain from voting and let sh holders decide to be fair,the RTO is definitely beneficial for Oculus with guaranteed profit of about $20 and $30mil respectively for FY 2008 anf FY 2009
Treat like FD buy at 33cts and b4 suspension likley will be push to near or even more than 50cts..same scenario as ChinaTranscom RTO and pte placement ab 58cts and last traded 61.5cts and relisted on 8 Oct as China auto electronics traded between 67 to 81cts.Likewise Oculus shd it hit 50cts or 60cts yr % gain will be 52% and 82% respectively.
Unlikley relisted as Asia's no 1 Carbon Credit developer with 50mil tradable credits worth>S$1 billion and still <50cts.This takeover of domestic co Areate Ltd is likley to go through as I don't forsee any objections by rational investors otherwise Oculus may be delisted as it has no major biz on hand after selling its opitcal biz for $5mil
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