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Olam International, criticized by Muddy Waters LLC for its spending, said it will continue to raise debt to fund expansion as the company defends its reputation against the short seller in its first ever lawsuit.
“It could be any pool of debt capital markets that we would tap,” whether bank lending, syndication, bond markets or Islamic finance, Chief Executive Officer Sunny Verghese said in an interview at the company’s headquarters in Singapore.
http://www.theedgesingapore.com/the-dail...tions.html
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Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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At 133 pages, it will make a good reading over the weekends
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Olam is now facing with someone smart and who knows well about "the pen is mightier than the sword" in Mr Carson C. Block of Muddy Waters.
I wonder what would Olam's bankers and managers of those funds which have bought Olam's debt securities - especially those young and inexperienced ones who lend or invest based on a good impression or by following others - think after reading the 113-page report from Muddy Waters?
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am still slowly going thru it but can't find a way of shorting Olam now - need to entice more people to lend their shares...
just tried to dip a finger by shorting a few lots but CFD with Saxo failed, and UOBKH says they have no shares to lend out at moment.
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(27-11-2012, 04:27 PM)godjira1 Wrote: am still slowly going thru it but can't find a way of shorting Olam now - need to entice more people to lend their shares...
just tried to dip a finger by shorting a few lots but CFD with Saxo failed, and UOBKH says they have no shares to lend out at moment.
high demand in lending due to the report?
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Just do a naked short on Olam lah, there is no penalty for buy in now anyway.
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(27-11-2012, 04:46 PM)godjira1 Wrote: (27-11-2012, 04:32 PM)CityFarmer Wrote: (27-11-2012, 04:27 PM)godjira1 Wrote: am still slowly going thru it but can't find a way of shorting Olam now - need to entice more people to lend their shares...
just tried to dip a finger by shorting a few lots but CFD with Saxo failed, and UOBKH says they have no shares to lend out at moment.
high demand in lending due to the report?
must be.
what is interesting to me is that if there are few new shares to be loaned out to be shorted, who are the people accounting for the big bunch of selling today?
so those must be minority shareholders, not shortishs
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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