The Edge team this week put together the most comprehensive story to-date of Asiasons, Blumont and Lion Gold. What happened, why and some probable rationale for the spectacular rise and collapse of the stock prices of these three Singapore-listed companies with major Malaysian personalities as directors and shareholders.
The stock prices rose even as the values of their investments were falling. Further intrigued by a series of stock placements and short-selling of shares.
Then there is Black Elk, a highly problematic oil and gas company operating in the Gulf of Mexico and its owner, Platinum, a US hedge fund. What have they got to do with the three companies above?
Great article.
ReplyDeleteQuestion remains:
Was the meteoric rise in the share price due to market manipulation or improper disclosure?
Who/Where was the source of the share borrowed? - the article suggest the majority shareholder, but seems to be an interesting move if it is.
This comment has been removed by the author.
ReplyDeleteThe article on these three companies in this week's Edge is a must read.
ReplyDeleteInvestigative reporting of the highest quality.
This comment has been removed by the author.
ReplyDeleteI mean u can't blame the crook fisherman 100%..
DeleteSorry, some grammar mistakes, try my best correct it..:)
DeleteThe fishermen have to put the bait and attract small fishes coming, once the net is full, wala.....game over. U can't blame the fishermen 100%, if the naive small fishes are not drive by greed, they won't approach n go in the net. Another reason, a lot of money need to be channelled legally via stock market, just like casino. Both doesn't attract my attention at all even it sound extremely attractive, if u don't understand the business and the management team well, stay away from anything sound too good to be true
Surprising those Malaysians named will never learn n proud of what they are doing...Maybe they want their name like George Soros who broke the bank of England. However, I respect GS, at least he is a trader who understand economic and psychology of the market, not like these bunch of cowboys...
Delete