why china minzhong drop until 69 cts?

Mel
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10 years 7 months ago #15923 by Mel

Replied by Mel on topic why china minzhong drop until 69 cts?

Will Glaucus be severely punished via a Indo general offer? If we assume Glaucus had short-sold before the release of its report, it would have short-sold at above S$1.00. If the GO is at about the same level (ie, just above $1.00), Glaucus can still buy back and not lose a tonne of $.

If Glaucus did continue to short-sell as the stock plunged (which was a short few hours b4 trading was halted), then it would feel the pain on those transactions.

$ aside, at the end of the day, if the GO materialises, Glaucus would also suffer a severe reputational damage. The GO demonstrates that Indo has rejected the allegations.

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hh488
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10 years 7 months ago #15924 by hh488

Replied by hh488 on topic why china minzhong drop until 69 cts?

If Indofood going to make a GO, I thought price has to be at least equal to or higher than the one they bought from Temasek?

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greenrookie
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10 years 7 months ago #15925 by greenrookie

Replied by greenrookie on topic why china minzhong drop until 69 cts?

ethan999 wrote: In the interest of shareholders of Singapore-listed companies, these short-sellers which make factually incorrect claims need to be sued once and for all to deter them from making such claims in future unless they have done 100% extremely thorough research. If they are incapable of fully obtaining the facts, they should be shutting up. The unwarranted panic inducement they are trying to profit from is harming honest shareholders like us. Sue them once and it will act as a deterrent in future.

My take is its SAIC that is sleeping, CMZ did not dispute the authenticity of documents.

This is not surprising, SAFE and trade ministry in China has been caught sleeping too.

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Mel
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10 years 7 months ago #15927 by Mel

Replied by Mel on topic why china minzhong drop until 69 cts?

Holy cow! Cash Offer at S$1.12 in cash.

Glaucus is dead.

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lohsc
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10 years 7 months ago #15929 by lohsc

Replied by lohsc on topic why china minzhong drop until 69 cts?

We must have more heroes like the offerer to burn the ..... of these short-sellers. Unfortunately, Temasek did not do likewise for Olam or else muddy waters will get their fingers burnt too.

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