sino grandness - undervalued stock

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9 years 5 months ago #21066 by heifien91
Believe he already stated it in the disclaimer that author's have shorted the stock and will benefit from the event of the price falling.

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9 years 5 months ago #21070 by ethan999
I have been informed by IR that they are aware of the report, that it is a fabrication and that the board is formulating a response in consultation with their lawyers.

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9 years 5 months ago #21071 by BNN
Thanks buddy for the info. Do you personally think the report by 'newman9' is authentic or no? Which parts?

As for legal options, there is v little hope that any concrete action can be taken against 'newman9'. He is v difficult to unmask and his existence in Value Investors Club is anonymous.

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9 years 5 months ago #21074 by Mel
Since the 'newman9' report on 4Sept, Sino Grandness has lost about S$94 million in market cap, or 23%.

'newman9' had shorted the stock and made millions....while he paid a couple of thousand $ for his "researchers" and his time writing the 30-pager. :P

He won't be the last to try to make money this way on S-chips.

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9 years 5 months ago #21077 by Mel
Boss bought 600,000 shares @52.2 cents on Tuesday, oct 21.

infopub.sgx.com/FileOpen/_FORM1V2%20-%20...cement&FileID=319197

Will he buy more today and tomorrow?

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9 years 5 months ago #21078 by sykn
Dear all, despite my initial skepticism about the VIC report, I went back to read it in detail and there are some anecdotal issues (no clear proofs) in there which raise a few doubts in my mind; hence I have decided to sell my holdings in this counter with some loss in order to be able to sleep better at night. Please take this only as a data point in your own decision making process regarding this stock. Cheers.

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