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(30-12-2011, 12:09 PM)Musicwhiz Wrote:(30-12-2011, 11:50 AM)Stocker Wrote: This is exactly what the PRC men want, delist it once and for all, afterall they have pocketed the monies. Creditors/SGX infact are doing them the favour, otherwsie they have to do it themselves.
Sounds like a tried and tested formula eh?
List a company in an IPO, have it marketed through roadshows and have lots of fanfare, jack up the share price. Throughout this time, quietly siphon money away and do a lot of other illegal stuff while everyone else is happy trading the shares based on fictitious profits and cash flows.
When the Sh** hits the fan, either disclaim or disappear. The law can't touch anyone since it's incorporated in Bermuda and jurisdiction is in China. No extradition treaty either, so the perpetrators get away scot-free!
Who says crime doesn't pay?
Mas , SGX are brokering these , give them the license to earn easy monies.
