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13-05-2012, 10:32 AM
Better avoid this stock. Go read this week edge. How can a director buy other ppl Co. prior listing and then in the midst of all the hala bular about buying these Co. with profit issue, the founder said that "these other ppl Co." were actually his own Co.???
All these S-chip (China Sky Chem, Bio sun, many more that has gone bust, including HK owned) depending on the guts of the director are all out commit fraud. The best case is Gaoxian, 1st round fraud, 2nd round raise out right fraud, yet when we read the papers they are very gentle/careful with words? All got no balls to offend the main land chinese!
Better avoid all S-Chip! Look at SGX, MAS and many of our local instituition that purport to be front to protect investor interest but actually share more interest at the top than concern for the grounds.
We judge not our leaders on their ability to show concern but by their action and the final consequence. They go to top school paid by the ppl taxes and the end result is that most SPorean incl. foreign instituition believing in our gov and private sector to do excellent surveillance work got cheated.
Let's not be foolish with our hard earn money and call a spade a spade n not try to argue with the market.
Just a reminder of how shrewd our dear TMSK is, when Biosun case didnt even appear on the screen as a possible fraud, TMSK overnight dump the stock faster than any1 start questioning why? I remember it because ST did a article of how great the CORN technology was thoroughly used to generate profit, and in the next couple of days TMSK unload the stock.
I think that speaks volume of how 1 agency action is like and another group in SGX/Law firm still wanting to list more chinese Co. With HK clamping down on any Co. that do NOT provide a thorough audit of IPO firms to be sued by sharehldrs, should we fellow SPorean read this a opportunity for Who's interest?
Sorry to talk this kind of things in a value forum, but just cannot help ppl still talking about value opportunity without knowing the risk how our eco-system in SPore Inc. has become.
I prefer to give money to our own local Spore SME than to let foreign Co. come here to do out right fraud. What value do they generate for our society or even our most treasured branding of Spore Gov. reputation! Yes, our SME after listing especially the manufacturing sector majority of it failed, at least the money stays in SPore circulating around.
You list a fraud case the money is gone, reputation in tatters and your ppl hate you for your short sighted stupidity!
All these S-chip (China Sky Chem, Bio sun, many more that has gone bust, including HK owned) depending on the guts of the director are all out commit fraud. The best case is Gaoxian, 1st round fraud, 2nd round raise out right fraud, yet when we read the papers they are very gentle/careful with words? All got no balls to offend the main land chinese!
Better avoid all S-Chip! Look at SGX, MAS and many of our local instituition that purport to be front to protect investor interest but actually share more interest at the top than concern for the grounds.
We judge not our leaders on their ability to show concern but by their action and the final consequence. They go to top school paid by the ppl taxes and the end result is that most SPorean incl. foreign instituition believing in our gov and private sector to do excellent surveillance work got cheated.
Let's not be foolish with our hard earn money and call a spade a spade n not try to argue with the market.
Just a reminder of how shrewd our dear TMSK is, when Biosun case didnt even appear on the screen as a possible fraud, TMSK overnight dump the stock faster than any1 start questioning why? I remember it because ST did a article of how great the CORN technology was thoroughly used to generate profit, and in the next couple of days TMSK unload the stock.
I think that speaks volume of how 1 agency action is like and another group in SGX/Law firm still wanting to list more chinese Co. With HK clamping down on any Co. that do NOT provide a thorough audit of IPO firms to be sued by sharehldrs, should we fellow SPorean read this a opportunity for Who's interest?
Sorry to talk this kind of things in a value forum, but just cannot help ppl still talking about value opportunity without knowing the risk how our eco-system in SPore Inc. has become.
I prefer to give money to our own local Spore SME than to let foreign Co. come here to do out right fraud. What value do they generate for our society or even our most treasured branding of Spore Gov. reputation! Yes, our SME after listing especially the manufacturing sector majority of it failed, at least the money stays in SPore circulating around.
You list a fraud case the money is gone, reputation in tatters and your ppl hate you for your short sighted stupidity!