By: Derek Lim
Another disappointing IPO balloting. Both stocks have more than doubled from it initial IPO price but there's no shame, because this is all about luck and money rather than skill.
Date: 9 July 2007
Company: R H Energy Ltd.
Price: S$0.32
Placement: 68,000,000
Public: 4,000,000
No. of shares applied: 50,000
Results: Unsuccessful
Balloting Results:
Date: 11 July 2007
Company: China Angel Food Ltd.
Price: S$0.35
Placement: 98,800,000
Public: 5,000,000
No. of shares applied: 50,000
Results: Unsuccessful
Balloting Results:![](http://bp1.blogger.com/_D4kI8bpIxjM/Rpg7qtr9gqI/AAAAAAAAANw/BfSuZh5dDro/s400/China+Angel+Food+Balloting+Results.JPG)