Posts: 8,305
Threads: 496
Joined: Jul 2011
Reputation:
60
(01-09-2014, 09:20 PM)CityFarmer Wrote: (01-09-2014, 08:15 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/Clarific...eID=313270
Soh need not work liao... someone must be very naive to be that creative...
John Soh office is in LionGold's office, and carried a title of adviser. Logically, and legally his employment should be sponsored by LionGold, rather by Blumont.
(not vested)
John Soh is a person with criminal records... seriously I have no pity for those who have faith in him...
Its Greed that is driving many to the grave...
However, it remains intriguing to me that regulators did not detect any wrong doing throughout the entire episode in not one but a basket of linked counters... how can that ever be possible...
Anyway, based on the latest Edge feature, his con skills is really low class and outdated and seriously anyone falling for such lowly stock manipulation tactics are literally blinded by GREED.
Vested
Asiasons (odd lots)
Blumont (divested)
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
(01-09-2014, 10:06 PM)greengiraffe Wrote: (01-09-2014, 09:20 PM)CityFarmer Wrote: (01-09-2014, 08:15 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/Clarific...eID=313270
Soh need not work liao... someone must be very naive to be that creative...
John Soh office is in LionGold's office, and carried a title of adviser. Logically, and legally his employment should be sponsored by LionGold, rather by Blumont.
(not vested)
John Soh is a person with criminal records... seriously I have no pity for those who have faith in him...
Its Greed that is driving many to the grave...
However, it remains intriguing to me that regulators did not detect any wrong doing throughout the entire episode in not one but a basket of linked counters... how can that ever be possible...
Anyway, based on the latest Edge feature, his con skills is really low class and outdated and seriously anyone falling for such lowly stock manipulation tactics are literally blinded by GREED.
Vested
Asiasons (odd lots)
Blumont (divested)
One point to add. I reckon most if not all investors suffered without knowing there was a person named John Soh. His existence in the deals were not even known by the regulator, before investigation started.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 8,305
Threads: 496
Joined: Jul 2011
Reputation:
60
(02-09-2014, 09:06 AM)CityFarmer Wrote: (01-09-2014, 10:06 PM)greengiraffe Wrote: (01-09-2014, 09:20 PM)CityFarmer Wrote: (01-09-2014, 08:15 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/Clarific...eID=313270
Soh need not work liao... someone must be very naive to be that creative...
John Soh office is in LionGold's office, and carried a title of adviser. Logically, and legally his employment should be sponsored by LionGold, rather by Blumont.
(not vested)
John Soh is a person with criminal records... seriously I have no pity for those who have faith in him...
Its Greed that is driving many to the grave...
However, it remains intriguing to me that regulators did not detect any wrong doing throughout the entire episode in not one but a basket of linked counters... how can that ever be possible...
Anyway, based on the latest Edge feature, his con skills is really low class and outdated and seriously anyone falling for such lowly stock manipulation tactics are literally blinded by GREED.
Vested
Asiasons (odd lots)
Blumont (divested)
One point to add. I reckon most if not all investors suffered without knowing there was a person named John Soh. His existence in the deals were not even known by the regulator, before investigation started.
No need to know Buddy, with abnormal trading in a basket of stocks, no alert till everything crash... unbelievable... in Singapore? Unreal...
Posts: 1,343
Threads: 49
Joined: Nov 2010
Reputation:
7
(02-09-2014, 09:40 AM)greengiraffe Wrote: (02-09-2014, 09:06 AM)CityFarmer Wrote: (01-09-2014, 10:06 PM)greengiraffe Wrote: (01-09-2014, 09:20 PM)CityFarmer Wrote: (01-09-2014, 08:15 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/Clarific...eID=313270
Soh need not work liao... someone must be very naive to be that creative...
John Soh office is in LionGold's office, and carried a title of adviser. Logically, and legally his employment should be sponsored by LionGold, rather by Blumont.
(not vested)
John Soh is a person with criminal records... seriously I have no pity for those who have faith in him...
Its Greed that is driving many to the grave...
However, it remains intriguing to me that regulators did not detect any wrong doing throughout the entire episode in not one but a basket of linked counters... how can that ever be possible...
Anyway, based on the latest Edge feature, his con skills is really low class and outdated and seriously anyone falling for such lowly stock manipulation tactics are literally blinded by GREED.
Vested
Asiasons (odd lots)
Blumont (divested)
One point to add. I reckon most if not all investors suffered without knowing there was a person named John Soh. His existence in the deals were not even known by the regulator, before investigation started.
No need to know Buddy, with abnormal trading in a basket of stocks, no alert till everything crash... unbelievable... in Singapore? Unreal...
Surprised this happened in Singapore ? Just look at the land banking companies legally operate in Singapore but not in Malaysia or many other countries.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
The company is suing The Edge on the article published. IIRC, the correction was only on the employment sponsorship...
(not vested)
---
Blumont: Legal Proceedings In Relation To Article Published In The Edge Singapore
The board of directors (the “Board”) of Blumont Group Ltd. (博诺有限公司) (the “Company”) refers to
its previous announcement dated 1 September 2014 in relation to the article entitled “Hunting for the
Truth” in the edition of The Edge Singapore (the “Singapore Article”) for the week of 1 to 7
September 2014.
The Board wishes to announce that the Company has on 29 September 2014 commenced
proceedings in Singapore against The Edge Publishing Pte Ltd and Benjamin Paul, who are
respectively the publisher and editor of The Edge Singapore, in relation to a claim in libel by the
Company against the publisher and the editor of The Edge Singapore for the publication of the
Singapore Article (the “Legal Proceedings”).
In the Legal Proceedings, the Company is seeking, inter alia, damages and an injunction to restrain
the defendants from publishing or causing to be published the same or similar words defamatory of
the Company in any manner whatsoever. The Company reserves all its rights on the matter.
The Company will disclose any updates or further information on the Legal Proceedings when it is
appropriate to do so.
http://blumont.listedcompany.com/newsroo...N4IX.1.pdf
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 8,305
Threads: 496
Joined: Jul 2011
Reputation:
60
Where on earth are the policemen and the detectives??? Singapore is known for its efficiency leh...
(29-09-2014, 09:41 PM)CityFarmer Wrote: The company is suing The Edge on the article published. IIRC, the correction was only on the employment sponsorship...
(not vested)
---
Blumont: Legal Proceedings In Relation To Article Published In The Edge Singapore
The board of directors (the “Board”) of Blumont Group Ltd. (博诺有限公司) (the “Company”) refers to
its previous announcement dated 1 September 2014 in relation to the article entitled “Hunting for the
Truth” in the edition of The Edge Singapore (the “Singapore Article”) for the week of 1 to 7
September 2014.
The Board wishes to announce that the Company has on 29 September 2014 commenced
proceedings in Singapore against The Edge Publishing Pte Ltd and Benjamin Paul, who are
respectively the publisher and editor of The Edge Singapore, in relation to a claim in libel by the
Company against the publisher and the editor of The Edge Singapore for the publication of the
Singapore Article (the “Legal Proceedings”).
In the Legal Proceedings, the Company is seeking, inter alia, damages and an injunction to restrain
the defendants from publishing or causing to be published the same or similar words defamatory of
the Company in any manner whatsoever. The Company reserves all its rights on the matter.
The Company will disclose any updates or further information on the Legal Proceedings when it is
appropriate to do so.
http://blumont.listedcompany.com/newsroo...N4IX.1.pdf
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
The Edge Malaysia is sister company of The Edge Singapore...
------
The board of directors (the “Board”) of Blumont Group Ltd. (博诺有限公司) (the “Company”) refers to
its previous announcement dated 1 September 2014 in relation to the article entitled “Hunting for the
Truth” in the edition of The Edge Malaysia (the “Malaysia Article”) for the week of 1 to 7 September
2014.
Ref: http://infopub.sgx.com/FileOpen/Legal_pr...eID=318694
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 50
Threads: 1
Joined: Apr 2014
Reputation:
1
Sorry, I am just a novice. But from observation, our people are all invested due to greed and fast $$. No one wants to work hard to get the $$, just like the SUREWIN scam. Many property agents got conned due to greed.
Our system is efficiently and supposedly we rely on others to do due diligence but no one did. Me included.
Posts: 3,732
Threads: 6
Joined: Oct 2012
Reputation:
95
I think your observation may not be correct in this forum. Go read up the threads on the 3kings before the stock crashed
Mantra here is Do your own due diligence. No one owe anyone a living or stock tip. What I like about this forum is no one promote themselves as sure win stock deity
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Posts: 2,300
Threads: 27
Joined: Jul 2012
Reputation:
41
19-10-2014, 12:25 AM
(This post was last modified: 19-10-2014, 12:32 AM by CY09.)
It may not be that simple. GS ask her to repay as she had drew on a share margin facility of GS. "The defendant invested up to S$120m in shares in three companies, namely, Asiasons Capital Ltd, LionGold Corp Ltd, and Blumont Group. She alleged that on 2 October 2013, she was suddenly notified by Goldman Sachs to repay S$61m being the margin call on her trades in the three companies. She alleged that Goldman Sachs gave her one and a half hours to make payment."- The Bank of East Asia Ltd v Quah Su-Ling [2014] SGHC 52).
In addition, Ms Quah had been ordered to pay up 1.83M from a margin facility she used with Bank of east Asiam(Sub of OCBC) and iirc, from Interactive Brokers too
If I were to venture a guess she was using margins/share margin facilities to purchase shares of these 3 companies and maybe traders related to GS caught wind of it. So she wasn't able to get out in time. Her wealth isn't a lot too, probably about 40M at best (my own est)(inclusive of her 2 $5M properties).
So please try to avoid margin financing etc; while it sounds nice amplifying your gains, it amplifies your losses and you will be caught swimming naked when the tide recedes before the tsunami.
|
Homepage
PR Newswire
