He bought into the subscription - if he didnt he would loose money - now he has too many shares so sells some.
If he goes on selling that will change my analysis.
I have bought a few more at 24c.... I often see this where things have gone up a lot on good news after being down lots there is a lot of selling pressure coupled with illiquidity this has fallen for no reason...
Only kidding smudgedan - its just somewhat frustrating, when one of my ideas comes through after a year of pain / boredom and everyone is thanking smudgedan !
RMA next one lots of similarities between it and TJI...
https://deepvalueinvestments.wordpress.com/2016/05/04/tejoori-93-today-told-you-it-was-good/
On why I havent posted in ages - I had no idea TJI had sprung to life here - I am mostly on ADVFN where nothing had happened and news on sale of plots was good but I had no idea how much.
On location of plots when I did my initial write up I viewed out there on google streetview - seemed like the next logical location to build when you "look" round the area....
Next TJI I recon is RMA - lots of opportunity there and the same potential for Islamic financial concepts to not be understood...
Glad I have helped some of you guys to make money - follow the blog on twitter - I was thinking of packing in - as I just can't get the followers of other guys who are less good, or like smudgedan come up with the idea after me !
I update my blog regularly - nothing interesting on TJI happened till today so I didnt post anything - I am a serious analyst not a ramper - I leave that to others...
Managing director now dead (sudden illness, natural causes).
Rights subscribed to...
Delisted, still hold assets worth more than what I paid for the shares...
Very frustrating.
Can we all vote no to all resolutions - investing in the rights issue is truly insane. The company will be borrowing to invest in this garbage.
Also I dont believe it makes any difference how we vote - as the vote will close AFTER the rights issue. One positive is that the Main man - Cheong Chiah Chieh only has 22% so if the other shareholders come to their senses they could vote against this / remove him and get our money back.
This has shaken my belief in AIM as an safe home for my money. I wont be trying anything like this again.
More on my blog:https://deepvalueinvestments.wordpress.com/2016/02/04/rhm-delisted-vote-no-on-all-resolutions/