Fraudulent China Companies Exposed!

[valuenewb]

Thanks guy.

Understand that there are personal risks involved. Of cos I won't be publishing it in my own big name. Maybe I should be asking.. If I do some fact findings and send out a factual email (using bcc and a new email account) to close friends and associates having taken a short position , would I get in trouble with the SFA (assuming that it will eventually be traced back to me)?

It's not my fault if it goes viral and ST and whoever picks it up right?

As for the standard of journalism in SG, I had a few 'brushes' with them and the few times I was at the event/interviewed, I think the facts were all misrepresented or twisted.

[d.o.g.]

If I do some fact findings and send out a factual email (using bcc and a new email account) to close friends and associates having taken a short position , would I get in trouble with the SFA (assuming that it will eventually be traced back to me)?

You should check with a lawyer. Anyway the SFA is a law not a body. It is MAS that would bring charges if you contravene the SFA.

But generally if you can show that what you say is based on established facts, then it should hold up in court. Stating a fact is not an act of libel. This doesn't mean that you WON'T go to court, just that your chances of being declared innocent (of defamation, market manipulation etc) are better (but not 100% since nothing is guaranteed except death and taxes).

Remember that people who have more to lose are willing to do more to protect it (which is why the PAP government encourages home ownership, but that's another story). If you are short $5k of shares and the fraudster is long $5m, you are incurring a huge personal risk. Just reverse the positions - as a fraudster with $5m to lose, what would you be willing to spend/do to protect it?

Even in Singapore $100k will probably be enough to pay for a PI to identify the original writer, plus a couple of thugs to break the person's legs. And if that's not enough, a repeat visit can be scheduled to break fingers to discourage future writings.

And in the stock market, fraudsters seldom only have $5m at stake. $50m or even $500m is par for the course. In such a situation, think about what kind of criminal behaviour you could buy with $1m.

[brattzz]

waos.. too life threatening liao... better stay out of it! :O