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What?s Happened to Blumont, Asiasons and LionGold

Peter_Pan
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15-Oct-2013 21:47     
 
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edwinjup
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15-Oct-2013 20:37     
 
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 Alert Admin 		After a good holiday rest..hope sgx can actions faster...lot of investors is trapped by your odd rules..coming to seven working days....pls advise us how.long u need to take...
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WanSiTong
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15-Oct-2013 17:32     
 
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 Alert Admin 		Your  graphics are so lively & interesting! Where do you get them?

Octavia      ( Date: 15-Oct-2013 14:56) Posted:





so sad...aspiring asia blue lion just fall off from the cliff.Guess many valuable lesson can be learnt from this episode.

Peter_Pan      ( Date: 15-Oct-2013 13:27) Posted:

i believe unwinding of huge positions are going on besides those of sshs', asia blue lion can lock in the zoo liao...dong dong chiang
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Peter_Pan
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15-Oct-2013 17:18     
 
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 Alert Admin 		hahah..hope the bros and sis enjoy them..cheers!

Octavia      ( Date: 15-Oct-2013 15:31) Posted:





Thank you.

Many others like Peter Pan,Teeth and Wan Si Tong are also contributing good articles and graphics.Cheers!

h0ly0wl      ( Date: 15-Oct-2013 15:06) Posted:

Your pictures are real funny.


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Octavia
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15-Oct-2013 15:31     
 
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Thank you.

Many others like Peter Pan,Teeth and Wan Si Tong are also contributing good articles and graphics.Cheers!

h0ly0wl      ( Date: 15-Oct-2013 15:06) Posted:

Your pictures are real funny.

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h0ly0wl
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15-Oct-2013 15:06     
 
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 Alert Admin 		Your pictures are real funny.
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Peter_Pan
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15-Oct-2013 15:05     
 
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 Alert Admin 		aiyo the monkey so careless one..!

Octavia      ( Date: 15-Oct-2013 14:56) Posted:





so sad...aspiring asia blue lion just fall off from the cliff.Guess many valuable lesson can be learnt from this episode.

Peter_Pan      ( Date: 15-Oct-2013 13:27) Posted:

i believe unwinding of huge positions are going on besides those of sshs', asia blue lion can lock in the zoo liao...dong dong chiang
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Octavia
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15-Oct-2013 14:56     
 
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so sad...aspiring asia blue lion just fall off from the cliff.Guess many valuable lesson can be learnt from this episode.

Peter_Pan      ( Date: 15-Oct-2013 13:27) Posted:

i believe unwinding of huge positions are going on besides those of sshs', asia blue lion can lock in the zoo liao...dong dong chiang
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Peter_Pan
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15-Oct-2013 13:27     
 
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 Alert Admin 		i believe unwinding of huge positions are going on besides those of sshs', asia blue lion can lock in the zoo liao...dong dong chiang
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Peter_Pan
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15-Oct-2013 12:52     
 
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 Alert Admin 		Gold miner LionGold Corp has said it is not aware that it is under any investigation by Singapore's white-collar crime investigator, the Commercial Affairs Department (CAD). -BT
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starlene
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13-Oct-2013 23:07     
 
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 Alert Admin 		So sad for u bro Richman..take it as only $$$ lost but u still have your life to live on

 
Quote:
Originally Posted by    maverick121    View Post
I see......really puzzled me,is SGX really so stupid?
As for those Directors selling at current levels,I think it's ok,unless they have start unloading at 2dollars,then someone has gotta do something.
Anyway,I have other counters to take care of,this one let it rot first.
Bluemont was 0.019-0.02 in Dec 2011 and Asiasons was 0.18-0.19..so the sharp crash is back to its old level again,becareful by Mon 14 Oct,those who bought cash upfront can start selling..probably morning up a biy by afternoon price will head south again especially forced selling by directors pledging to banks haven't stopped yet


   

Richman           ( Date: 13-Oct-2013 20:23) Posted: 



I love my bluechips and I am not parting with it at the moment. 

I biggest  mistake is greed. I went in at 1.60 and didn't take profit at 2.20 and everything happen so fast  and I have  no time to react. 

Greed is the biggest killer !

edwinjup           ( Date: 13-Oct-2013 17:00) Posted: 

U are a blue chip investor..why switch ?


Peter_Pan      ( Date: 13-Oct-2013 20:26) Posted:

retailers must trade with care not to carry big fishes' babies as can be seen from sgx announcement. brokerages may also be unwinding theirs and/or their clients' positions in these 3 companies.
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Peter_Pan
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13-Oct-2013 20:26     
 
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 Alert Admin 		retailers must trade with care not to carry big fishes' babies as can be seen from sgx announcement. brokerages may also be unwinding theirs and/or their clients' positions in these 3 companies.
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edwinjup
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13-Oct-2013 13:40     
 
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 Alert Admin 		Sgx should provide some guidance when this.counter restriction will be lifted or update daily on investigation......
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starlene
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12-Oct-2013 22:37     
 
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Be careful if the loans pledged by designated stocks were used to buy more such designated stocks previously..then the domino effect difficult for the 3 stocks to rise..u notice those who rush in to biuy in the morning by afternoon or 10a.m the stocks start to fall..effect of forced selling by the banks

 
RED FLAG: 

Forced sales by bank on Thurs 10 Oct:

1) Former Executive Chairman Neo Kim Hock sold 2.922m shares @20c for $586,416

2) Present CEO James Hong Gee Ho sold 1.5m shares @19.82c for $297,300


 

edwinjup      ( Date: 12-Oct-2013 08:19) Posted:

Thanks..hope sgx can actions faster....if sgx suspend this three counters...sgx ceo better provide a super good reasons or else pls resign

akchua      ( Date: 12-Oct-2013 08:08) Posted:

Of course u are right. They deliberately stopped servicing the loan to trigger the force selling, so that they can keep reducing their share holding to the market.These buggers have planned so many ways to exit, very experience people.
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edwinjup
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12-Oct-2013 08:19     
 
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 Alert Admin 		Thanks..hope sgx can actions faster....if sgx suspend this three counters...sgx ceo better provide a super good reasons or else pls resign

akchua      ( Date: 12-Oct-2013 08:08) Posted:

Of course u are right. They deliberately stopped servicing the loan to trigger the force selling, so that they can keep reducing their share holding to the market.These buggers have planned so many ways to exit, very experience people.


edwinjup      ( Date: 12-Oct-2013 07:50) Posted:

I understand wat is force selling...kanna before....I meant let the bank chase them for.money and dont let the bank force sell the share..very damaging to the market as very few buyers out there due to restrictio
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akchua
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12-Oct-2013 08:08     
 
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 Alert Admin 		Of course u are right. They deliberately stopped servicing the loan to trigger the force selling, so that they can keep reducing their share holding to the market.These buggers have planned so many ways to exit, very experience people.


edwinjup      ( Date: 12-Oct-2013 07:50) Posted:

I understand wat is force selling...kanna before....I meant let the bank chase them for.money and dont let the bank force sell the share..very damaging to the market as very few buyers out there due to restriction

akchua      ( Date: 12-Oct-2013 07:30) Posted:



They didnt sell if u understand the meaning of force selling by bank.

These buggers took a huge loan from bank and pledge the security as collateral. When the bubble burst,they stopped paying installment and interest to the bank, therefore force selling will take place by the bank to recover the monthly installment and interest.Even SGX cannot fault the company directors as they are not the one selling the security.


My 2 cents worth.
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edwinjup
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12-Oct-2013 07:50     
 
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 Alert Admin 		I understand wat is force selling...kanna before....I meant let the bank chase them for.money and dont let the bank force sell the share..very damaging to the market as very few buyers out there due to restriction

akchua      ( Date: 12-Oct-2013 07:30) Posted:



They didnt sell if u understand the meaning of force selling by bank.

These buggers took a huge loan from bank and pledge the security as collateral. When the bubble burst,they stopped paying installment and interest to the bank, therefore force selling will take place by the bank to recover the monthly installment and interest.Even SGX cannot fault the company directors as they are not the one selling the security.


My 2 cents worth.




edwinjup      ( Date: 12-Oct-2013 04:09) Posted:

Sgx should lifted the restriction for all investors except.directors...stop them from profiting from.market...they can still sell but need sgx approval first.....
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akchua
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12-Oct-2013 07:30     
 
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They didnt sell if u understand the meaning of force selling by bank.

These buggers took a huge loan from bank and pledge the security as collateral. When the bubble burst,they stopped paying installment and interest to the bank, therefore force selling will take place by the bank to recover the monthly installment and interest.Even SGX cannot fault the company directors as they are not the one selling the security.


My 2 cents worth.




edwinjup      ( Date: 12-Oct-2013 04:09) Posted:

Sgx should lifted the restriction for all investors except.directors...stop them from profiting from.market...they can still sell but need sgx approval first.....
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edwinjup
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12-Oct-2013 04:09     
 
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 Alert Admin 		Sgx should lifted the restriction for all investors except.directors...stop them from profiting from.market...they can still sell but need sgx approval first.....
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akchua
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11-Oct-2013 23:43     
 
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 Alert Admin 		I just read some announcements from these bogus companies. Few of their directors reduced their holding thru' bank " force selling" . They really know how to plan and time their selling.


akchua      ( Date: 11-Oct-2013 16:46) Posted:

Read company announcement this weekend, should be able to see some of the substantial share holder specially the executive directors and CEO reducing their holding. Just my 2 cents worth.

shadowmoon      ( Date: 11-Oct-2013 16:32) Posted:



but seems like someone clearing stock in market...weird. N clearing alot.

Me waiting for input from those who might know also....

 
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