An honorable member of the Coffee Shop Has Just Posted the Following:
I heard about this 2 months ago and was warned not to touch these 3 stocks Blumont, Liongold and Asiasons.
All 3 stocks have collapsed today and are now suspended.
Quote:
"Pursuant to SGX-ST Rule 8.10, SGX-ST has exercised its authority to temporarily suspend trading in the shares of Asiasons Capital Ltd with immediate effect. This is to safeguard the interests of the market as there could be circumstances that would result in the market not being fully informed."
Market talk is all 3 stocks were manipulated by a syndicate that previously manipulated stocks on CLOB.
Ring leader is believed to the infamous Soh Chee Wen, a former T-shirt seller who became a master operator
adept at manipulating the prices of worthless stocks.
If you had invested in $10K in one of these manipulated stocks 1 year ago, the position would have been worth more than $1M yesterday.
But today, it is worth zero after the suspension. Like they say easy come easy go.
Click here to view the whole thread at www.sammyboy.com.
04-10-2013, 06:10 PM
Malaysian Syndicate involved in manipulation of penny stock busted....
