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Survey Should goldman sac be punished? Post Reply Rate topic
risktaker Supreme	29-Nov-2013 11:43        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 1  Alert Admin	It depends.... if evidence against goldman is solid ....goldman may just try to cut a deal to save its lawyer fees and restore confidence in its company.... usually this will drag but as picture gets clearer... it may not be too wise to be draggy..... We should know soon... first sgx/mas must come out and support market against big bullies... Go ask any local or other foreign houses like citi or ubs they will never do like goldman do....its totally against client interest....not reasonable....and impossible for anyone to do such a feat within 2 hours to top up 60 over million of cash... you must be crazy goldman..... Goldman must be punished.... PAP must help SG market recover from such bully... huat ah PAP.... Rosesyrup      ( Date: 29-Nov-2013 11:05) Posted: Any speculation to share as to when SGX going make announcement? Or perhaps Peter Pan is right that this kind of cases are  usually  very draggy? Any experience from other counters facing similar problems? risktaker      ( Date: 29-Nov-2013 09:46) Posted: For now....wait n move on to other counters
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Rosesyrup Veteran	29-Nov-2013 11:05        Rosesyrup About Contact  Quote this Post!   Yells: "Get your own opinion, don't follow blindly."
x 0   x 1  Alert Admin	Any speculation to share as to when SGX going make announcement? Or perhaps Peter Pan is right that this kind of cases are  usually  very draggy? Any experience from other counters facing similar problems? risktaker      ( Date: 29-Nov-2013 09:46) Posted: For now....wait n move on to other counters
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risktaker Supreme	29-Nov-2013 09:46        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 0  Alert Admin	For now....wait n move on to other counters
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risktaker Supreme	27-Nov-2013 19:48        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 0  Alert Admin	Valuation doesnt really matter in stock market.... as long as u believe it worth the value in the future u buy... if dont believe dont buy it....simple as that.... we buy stocks for future valuation....can u 100% guarantee the trio will fall and all assets are fake? Prove it to us if u can... To be honest the valuation is on very high side.... but that doesnt mean goldman sac is above law ....and use this opportunity to crashed the trio....to benefit itself.... 国 有 国 法 ,家 有 家 法 . SGX HAS BEEN DOING GOOD JOB ALONG UNTIL THEY ARE PRESSURED BY THE MEDIA AND SIAS. WHEN GOLDMAN SAC FORCE SELL THE TRIO SHARES.... SGX PRESSED THE PANIC BUTTON AS IT TRY TO PROTECT INVESTORS...BUT THE DESIGNATION OF THE 3 STOCKS IS NOT WELL THOUGHT MOVE. As more information went public....it gets clearer and clearer that goldman sac is totally wrong..... and justice must be served...... Goldman supporter or whoever u r pls do not defend or trying to misled anymore because its silly....because they are suing goldman with evidence.....It really doesnt look good on u.. Good luck....
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shoutnovoice Member	27-Nov-2013 17:19        shoutnovoice About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rose, From wat I learnt, they no need borrow from lending pool. Was told they can enter into forward contracts, meaning sell first on paper and then cover back when prices are low. Angmoh got many ways to play mkt. We suffer and die. Rosesyrup      ( Date: 27-Nov-2013 16:45) Posted: Don't think they covered. Lending pool for all three are zero! They kept their short position on, hoping  trio  will collaspe. https://www1.cdp.sgx.com/scdcint/sbl/viewLendingPool.do   shoutnovoice      ( Date: 27-Nov-2013 10:48) Posted: Risktaker, U mean someone built up huge short positions that were not covered?? Any mention of these were covered before or after the crash? It seems that someone made big big big money by planning a grand scheme to kill investor
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Rosesyrup Veteran	27-Nov-2013 16:45        Rosesyrup About Contact  Quote this Post!   Yells: "Get your own opinion, don't follow blindly."
x 0   x 1  Alert Admin	Don't think they covered. Lending pool for all three are zero! They kept their short position on, hoping  trio  will collaspe. https://www1.cdp.sgx.com/scdcint/sbl/viewLendingPool.do   shoutnovoice      ( Date: 27-Nov-2013 10:48) Posted: Risktaker, U mean someone built up huge short positions that were not covered?? Any mention of these were covered before or after the crash? It seems that someone made big big big money by planning a grand scheme to kill investors risktaker      ( Date: 27-Nov-2013 10:37) Posted: Prior collapse of the trio...from the edge findings .... over 200 millions dollar worth of shorts has been executed in the market...between july to sept period.... So my guess is these people who shorts need shares to cover and u can guess what happen next..... WE ARE NOT SILLYPOREANS WE ARE SINGAPOREAN AND JUSTICE MUST BE SERVED....SIMPLY COME HERE AND SHIT ON OUR MARKET.... KNN I KNOW PEOPLE THAT LOST EVERYTHING OVERNIGHT...... CANT EVEN CARRY ON THEIR LIVES... PAP MUST HELP US..
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risktaker Supreme	27-Nov-2013 11:24        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 1   x 0  Alert Admin	Yes .... according to what i have read... massive shorts are done during july to sept period... it is reasonable to say that this group of people wanted the trio crashed.... Or a group of people want to cover shorts....its day light robbery.... i know a person who used to be millionaire burst into tears when he told me he has lost everything..... lets be reasonable...and take a look at olam...does olam has any fundamentals based on muddy water reports its sure to failed....but it was trading over 3 dollars back 2 years ago... now 1.50? Point i am making is who caused the huge amt of losses in the market and destroyed our investors sentiment..... so far we know goldman is acting against client interest..and goldman which directly caused the trio to crash and indirectly caused the market to die....must answer to singapore market.... Like i say who can guarantee that olam assets or the trio assets wont grow in the furture.... also we all know market speculation is part of the game play..... but this round it seems too much..... shoutnovoice      ( Date: 27-Nov-2013 10:48) Posted: Risktaker, U mean someone built up huge short positions that were not covered?? Any mention of these were covered before or after the crash? It seems that someone made big big big money by planning a grand scheme to kill investors risktaker      ( Date: 27-Nov-2013 10:37) Posted: Prior collapse of the trio...from the edge findings .... over 200 millions dollar worth of shorts has been executed in the market...between july to sept period.... So my guess is these people who shorts need shares to cover and u can guess what happen next..... WE ARE NOT SILLYPOREANS WE ARE SINGAPOREAN AND JUSTICE MUST BE SERVED....SIMPLY COME HERE AND SHIT ON OUR MARKET.... KNN I KNOW PEOPLE THAT LOST EVERYTHING OVERNIGHT...... CANT EVEN CARRY ON THEIR LIVES... PAP MUST HELP US..
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Blanchard Senior	27-Nov-2013 10:50        Blanchard About Contact  Quote this Post! Style: Combined   Mood: Yells: "Winners cry..... Losers smile....."
x 0   x 0  Alert Admin	.....uncovering the truth: GS in penny stock saga.....
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shoutnovoice Member	27-Nov-2013 10:48        shoutnovoice About Contact  Quote this Post!
x 0   x 0  Alert Admin	Risktaker, U mean someone built up huge short positions that were not covered?? Any mention of these were covered before or after the crash? It seems that someone made big big big money by planning a grand scheme to kill investors risktaker      ( Date: 27-Nov-2013 10:37) Posted: Prior collapse of the trio...from the edge findings .... over 200 millions dollar worth of shorts has been executed in the market...between july to sept period.... So my guess is these people who shorts need shares to cover and u can guess what happen next..... WE ARE NOT SILLYPOREANS WE ARE SINGAPOREAN AND JUSTICE MUST BE SERVED....SIMPLY COME HERE AND SHIT ON OUR MARKET.... KNN I KNOW PEOPLE THAT LOST EVERYTHING OVERNIGHT...... CANT EVEN CARRY ON THEIR LIVES... PAP MUST HELP US... risktaker      ( Date: 27-Nov-2013 10:27) Posted: Everyone lets wait for MAS/SGX announcement coming soon.... the truth is out.... has all the names who is building up massive shorts or benefit greatly from the collapse of the trio.... The one shall be held liable as he is the one that send sg market into ICU.... its like a terrorist attack on our financial system.... We, the citizens of Singapore,pledge ourselves as one united people,regardless of race, language or religion,to build a democratic society based on justice and equality so as to achieve happiness, prosperity and progress for our nation. dont bully us....goldman .....u need to pay for our market loss....
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risktaker Supreme	27-Nov-2013 10:37        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 0  Alert Admin	Prior collapse of the trio...from the edge findings .... over 200 millions dollar worth of shorts has been executed in the market...between july to sept period.... So my guess is these people who shorts need shares to cover and u can guess what happen next..... WE ARE NOT SILLYPOREANS WE ARE SINGAPOREAN AND JUSTICE MUST BE SERVED....SIMPLY COME HERE AND SHIT ON OUR MARKET.... KNN I KNOW PEOPLE THAT LOST EVERYTHING OVERNIGHT...... CANT EVEN CARRY ON THEIR LIVES... PAP MUST HELP US... risktaker      ( Date: 27-Nov-2013 10:27) Posted: Everyone lets wait for MAS/SGX announcement coming soon.... the truth is out.... has all the names who is building up massive shorts or benefit greatly from the collapse of the trio.... The one shall be held liable as he is the one that send sg market into ICU.... its like a terrorist attack on our financial system.... We, the citizens of Singapore,pledge ourselves as one united people,regardless of race, language or religion,to build a democratic society based on justice and equality so as to achieve happiness, prosperity and progress for our nation. dont bully us....goldman .....u need to pay for our market loss....
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risktaker Supreme	27-Nov-2013 10:27        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 0  Alert Admin	Everyone lets wait for MAS/SGX announcement coming soon.... the truth is out.... has all the names who is building up massive shorts or benefit greatly from the collapse of the trio.... The one shall be held liable as he is the one that send sg market into ICU.... its like a terrorist attack on our financial system.... We, the citizens of Singapore,pledge ourselves as one united people,regardless of race, language or religion,to build a democratic society based on justice and equality so as to achieve happiness, prosperity and progress for our nation. dont bully us....goldman .....u need to pay for our market loss....
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Bigmama Master	27-Nov-2013 09:25        Bigmama About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sgx quiet already.... I guess they themselves is at a lost...... Many meetings but no one dare to decide what to do next. chinton86      ( Date: 25-Nov-2013 10:22) Posted: Feel that SGX should be responsible. Market should be " Free" not for regulator to 'interfere" at a sudden moment of it's own panic
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risktaker Supreme	27-Nov-2013 08:47        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 0  Alert Admin	Third penny stock case against Goldman Blumont director says bank breached duty by force-selling his shares  Money | Updated today at 01:39 AM By Rachel Scully ANOTHER shareholder caught in the trading debacle over the Blumont Group, LionGold Corp and Asiasons Capital penny stocks is suing global bank Goldman Sachs. Mr James Hong claims the bank, which had given him a credit facility of more than $64 million, breached its duty of care when it force-sold his shares in the three firms last month. He is the third person to take legal action against the bank. Ipco International chief executive Quah Su-Ling and LionGold independent director Ng Su Ling, who is also Ipco's company secretary, have both commenced legal proceedings. Recent media reports said Ms Quah had loans in excess of $61 million with Goldman Sachs. Singapore-based Mr Hong, an executive director at Blumont, first bought shares of Asiasons and LionGold in 2007. Last year, he received some Blumont shares in his capacity as the firm's executive director, according to documents filed with Britain's High Court on Monday. Mr Hong had also come to know Mr William Chan, chief executive and chairman of Stamford Management, last year. Mr Chan offered to act as an investment consultant and assist Mr Hong in procuring loan facilities from banks for his investments. He later told Mr Hong that Goldman Sachs would be willing to extend a loan facility to him against his shares in Asiasons and LionGold. Mr Chan also introduced Ms Quah to the bank. Mr Hong opened an account with Goldman Sachs in February this year, pledging his Asiasons shares in exchange for proceeds he could use to buy LionGold stock. The size of his account with Goldman Sachs was estimated at about $12.4 million then. In September, the bank agreed to fund the cost of the 1.75 million Blumont shares Mr Hong would take up as part of its rights issue. However, things took a turn on Oct 2, a day after the Singapore Exchange (SGX) asked Blumont to explain how its market value had jumped more than 12 times to $6.3 billion within nine months. Mr Hong's court papers show that a Goldman Sachs representative e-mailed him a demand notice at 11.48am on Oct 2, stating that he had to repay the $64 million loan in cash by 1.30pm that same day, less than two hours later. Mr Hong then received an e-mail at 1.36pm stating that as he had defaulted on his payments, Goldman Sachs would "exercise its rights to appropriate all or any of his assets it held" to pay off his loan. The next day, Mr Hong told Goldman Sachs that he had obtained an alternative loan facility of $40 million from BHP International Markets in exchange for 27.4 million Asiasons shares. Despite this proposal to pay off his loan, Goldman continued to sell his stakes in the three counters. These transactions carried on through Oct 23, even after the SGX had lifted its designation status on the three stocks. Mr Hong contends that Goldman Sachs had "arbitrarily, capriciously, perversely and irrationally" sold the shares even when their values had fallen by 70 to 90 per cent. The bank continued to sell the shares even after the SGX announced that it was "apparently engaged in an investigation into the trading and price fluctuations" of the three stocks, alleges Mr Hong. He is suing for damages, interest and costs
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shoutnovoice Member	26-Nov-2013 18:13        shoutnovoice About Contact  Quote this Post!
x 0   x 1  Alert Admin	Ur story a bit far fetched at first but now beginning to make sense. Yes, GS must be punished but will sgx investigate them and risk a class action suit against them?  risktaker      ( Date: 25-Nov-2013 12:56) Posted: Trading in the market is our bread n butter...with this event....our big boys suffered huge amount of losses...not just these 3 stocks but in most penny stocks ..billions are wipe off in the market.... Many big boys are going bankrupt....who dare to trade when sgx can happy not happy designate the stocks u r trading.... then plunge 90% again...investors have no idea whats going on... 1)Goh start writing in press against the trio 2) david gerald start asking for investigation 3) goldman sac force sell director shares in their own interest 4) news about the trio are muted. No positive news are ever on business times or straitimes either neutral or negative. I am pretty sure.... there is a grp behind to bring down the trio.... i dont care but u have destroyed my christmas and new year.... Knn....we can forget about sg market.... if we let bully goldman off without any punishment... because this will happen again.... the next time could hit our cpf funds.... MAS/SGX ought to give investors an answer.... we cant let goldman sac behave like this... we are like sillyporean right now....
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risktaker Supreme	26-Nov-2013 11:26        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 0  Alert Admin	Lianhe zaobao report the story on last saturday.....Straitimes REPORTED today with very neutral view ..... Goldman you can drag but u cant run away....ur at fault.... look at our market 434.4Million shares traded value 257.million.... its a joke.... everyone lose faith in the market now..... and whose fault.....
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risktaker Supreme	25-Nov-2013 16:58        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 0  Alert Admin	I told my friends to trade with morgan steady and UBS..... close all links with goldman.. Integrity      ( Date: 25-Nov-2013 16:43) Posted: I will think twice to be Goldman client
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wishbone Master	25-Nov-2013 16:49        wishbone About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	I reckon, SGX should not have allowed BAL to resume trading when they had first suspended them until all the investigations are over.  By this action, I believe it had not only affected BAL but all the other counters and the overall market as a whole.
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Integrity Veteran	25-Nov-2013 16:43        Integrity About Contact  Quote this Post!
x 0   x 0  Alert Admin	I will think twice to be Goldman client
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cccx123 Veteran	25-Nov-2013 16:39        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haiz..I want to see Goldman pay for their role in the market collapse. But even if they lose and pay up, so what? Will the Singapore market recover? Will we see the traditional year end rallies we have become accustomed to for years? Our blood is already in Goldman's hands..and they do not give a hoot so long as they make money. I, like many here are part of the 8 billion dollars Goldman sucked out of this market. And it's not just 8 billion since other counters suffered too. Cumulatively, the damage is a lot more..
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risktaker Supreme	25-Nov-2013 16:28        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 0  Alert Admin	Queen counsel will canned goldman sac for us.... but we need MAS/SGX to stop goldman going around bullying us...
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