In line with STTS goal of profit maximization, the plan will commence the following maneuvers:
New STTS Shares Issuance
20% or 400,000 units of the current STTS shares will be open for public bidding commencing 16th February 2009. The public bidding will stop at 28th February 2009. The opening price for STTS shares bidding will be 1.2 pec per shares.
Bidding Procedures:
Each interested bidder will place their bids at the STTS investment thread stating the amount (minimum of 5,000 unit) of shares they wanted and the price per unit they willing to pay.
E.g
50,000 units at 1.4 pec (Participant A)
25,000 units at 1.5 pec (Participant B)
100,000 units at 1.3 pec (Participant C)
10,000 units at 1.8 pec (Participant D)
300,000 units at 1.2 pec (Participant E)
Upon the closing date, the successful applicants will be chosen on the “best-price” basis. Using example from above, the successful applicants will be as follows:
Participant D 10,000 units @ 1.8 pec
Participant B 25,000 units @ 1.5 pec
Participant A 50,000 units @ 1.4 pec
Participant C 100,000 units @ 1.3 pec
Participant E 215,000 units @ 1.2 pec
Liquidation of STTS Investment
The main purpose of new STTS Shares issuance is to collect funds to accommodate the liquidation of STTS Investment as well as diversification to STTS business model. The current investment account stood as follows:
For STTS investors, please make arrangement for the collections of your
Outstanding Interest after 28th of February 2009. The investment account will be officially
write off from there onwards.
Removal of 1.5% interests on profits refundable
With effect from 28th February 2009, the current practice of giving 1.5% interest weekly for profits refundable owing will be removed. Participants can still enjoy the interest payout for 2 more sessions before its removal. Please make arrangement with me to collect them.
End of announcement
Thanks and regards,
JoshEdward