OSIM International

[CityFarmer]

But Ron Sim didn't commit any crime as yet right?
The rules state that he has to make the same offer to everyone, and having made the boo boo of buying at a higher price, all he has to do is to offer that higher price $1.39 to everyone, which is what he did.
It's an expensive mistake (if it is indeed a mistake), but what is there to investigate?

The outcome, based on investigate, will determine either a genuine mistake, or a tactical fault. The decision lies with SIC.

To offer higher price is an easy way out, for a tactical fault. Mr. Sim might need to compensate all past market transactions between the announcement, and the error trade, for the difference, plus a penalty. The amount can be large, depends on the volume during this period, and severity.

Anyway, it is up to SIC to conclude on matter.

(not vested)