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A Brown Company, Inc..
Juan Tamad Wrote: Pwe! Bulok! Angry

bulok na boss...ewan kung naapektuhan lang ng iba at nagsipagbabaan karamihan...


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Enough... AngryAngryAngry
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Juan Tamad Wrote: Enough... AngryAngryAngry

relax boss JT Big GrinBig GrinBig Grin...

CL na ako kanina @ 1.42, need ng fund e...talo ngayon, pero babalikan ko ito...
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Kwentong barbero. Pwe! AngryAngry
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Juan Tamad Wrote: Kwentong barbero. Pwe! AngryAngry

Big GrinBig GrinBig Grin...dami nyan sa market...

pakiramdaman at CL naman katapat nyan...

pero nadale ako neto, sana lang makadale sa ibang hawak...Smile
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Showing signs of volcanic activities Wink
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...now we see why BRN had to stay depressed, kasi kailangan nya maipasa ang presyo ng mababa sa pagbibigyan nya ng stocks-for-utang...now na naipasa na nya utang pwede na pataasin ito para maging masaya naman yung inutangan Tongue may lock up period siguro ito

A BROWN COMPANY, Inc. is looking to convert the company’s debt and deposits amounting to P450 million to equity.

In a disclosure to the stock exchange on Thursday, the listed holding company of the Brown Group of Companies said its board of directors approved the conversion of its debt and deposits to equity at P1.13 per share. The price is based on the 15-day volume weighted average price of the company’s shares for the period ending Oct. 11.

The conversion to equity will translate to 221.24 million shares out of a P250-million liability from Brownfield Holdings, Inc. as well as 88.5 million shares each for Valueleases, Inc. and RME Consulting, Inc. from a P100-million debt from each of the two firms.

“The transaction is intended to settle outstanding loan obligations as well as convert the deposits and at the same time strengthen the balance sheet of the company. This allowed the company to raise funds for expansion of existing businesses and investments in new projects,” A Brown said.

Incorporated in 1966, A Brown’s core business is in real estate development in Cagayan de Oro City, Misamis Oriental, in Cainta, Rizal, Bukidnon, and Agusan del Norte.


source: http://bworldonline.com/brown-company-ok...uity-swap/
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(10-13-2017, 09:25 AM)Ollie Wrote: ...now we see why BRN had to stay depressed, kasi kailangan nya maipasa ang presyo ng mababa sa pagbibigyan nya ng stocks-for-utang...now na naipasa na nya utang pwede na pataasin ito para maging masaya naman yung inutangan Tongue may lock up period siguro ito

A BROWN COMPANY, Inc. is looking to convert the company’s debt and deposits amounting to P450 million to equity.

In a disclosure to the stock exchange on Thursday, the listed holding company of the Brown Group of Companies said its board of directors approved the conversion of its debt and deposits to equity at P1.13 per share. The price is based on the 15-day volume weighted average price of the company’s shares for the period ending Oct. 11.

The conversion to equity will translate to 221.24 million shares out of a P250-million liability from Brownfield Holdings, Inc. as well as 88.5 million shares each for Valueleases, Inc. and RME Consulting, Inc. from a P100-million debt from each of the two firms.

“The transaction is intended to settle outstanding loan obligations as well as convert the deposits and at the same time strengthen the balance sheet of the company. This allowed the company to raise funds for expansion of existing businesses and investments in new projects,” A Brown said.

Incorporated in 1966, A Brown’s core business is in real estate development in Cagayan de Oro City, Misamis Oriental, in Cainta, Rizal, Bukidnon, and Agusan del Norte.


source: http://bworldonline.com/brown-company-ok...uity-swap/

Yes Boss. Valueleases, Inc. and RME Consulting, Inc are Dennis Uy companies. Lets wait for ASM for the formal appointment of the new director replacing Lanuza. winking

Don't know if the lock up of shares will be one or two years. winking
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If you are seriously invested this stock, my petty opinion on BRN!
https://steemit.com/philippines/@php-ph/...own-co-inc
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[17W50] BRN Fundamental & Technical Overview
https://steemit.com/trading/@php-ph/17w5...l-overview

Please upvote and follow me on https://steemit.com/@php-ph

Feliz navidad y prospero ano nuevo 2018!
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