Many stocks
in the mainboard were allowed to be split, just like the CLOB shares to penny
stocks and eventually turning into super penny stocks. Who said history does
not repeat itself? Only people who did not know history would repeat the
mistakes of the past.
The penny
and super penny stocks have been given a dead line to consolidate by 2016 or
face being delisted. We cannot have a Mickey Mouse stock exchange. Who said so?
How come we don’t know and allow our market to be turned into a Mickey Mouse
stock exchange? Did we see it coming? Did we see how damaging it will be to allow
the value of stocks in the mainboard to become penny stocks by splitting and
splitting? Whose great idea was it and what was the purpose of this great idea?
To facilitate computer trading or to encourage children to play in the stock
market?
So now
someone thinks it is not a good idea to have penny and super penny stocks. What
about reducing the board lot size to 100 shares or later to unit share? To
provide liquidity or to facilitate computer trading again? Again I would like
to ask, whose great idea is this and what is the purpose? Oh, more liquidity so
that little children can buy with a few dollars in their kitty banks. What then is the difference between a Mickey
Mouse stock market with penny and super penny stocks and a Mickey Mouse stock
market with unit shares that cost a few cents or a few dollars to trade?
Got difference
meh? Got. Ok, I surrender. Someone said, LPPL. Does anyone want to remember the
history of CLOB shares and penny stocks and where it will end up?
6 comments:
"Did we see how damaging it will be to allow the value of stocks in the mainboard to become penny stocks by splitting and splitting?"
RB
Damaging? To who? Opposition? Daft Sinkies? Or PAP?
And as for PAP, how damaging can it be, when PAP could still get a 70% mandate only just 2 months ago and Hong Lim Park now is mostly deserted, save for one Chee Soon Juan, who just last Sunday, held a rally there?
What's the worry if one
is not gambling in stocks ?
Oops ! It is investing.
Do forgive.
Anyway, 2 more casinos
coming yr way, like to
invest ? Make it instant.
No need to wait for yr
returns.
You get it on the spot.
Faster and more fun.
No one forced anyone to play the CLOB. If you cannot stand losing in a game you already suspect is RIGGED, then stay away from the casino and throw away your money on brothels instead.
CLOB companies were mostly shit anyway. All they were eventually were vehicles for pump-n-dump capers, specifically targeting gullible idiots with more money than brains.
Fuck that shit lah. If you remember, greedy, gullible people were just putting down thousands into CLOB on mere RUMOURS, spread like Chinese Whispers i.e. so and so told so and so, who then when to tell his whole family and office...and so on.
>> Many stocks in the mainboard were allowed to be split, just like the CLOB shares to penny stocks and eventually turning into super penny stocks. <<
Of course lah. The Game is rigged, and yet people still wanna play. Good! Who’s the bloody fool?
We have low interest rates and lots of "quantitative easing" money sloshing around, so why not split the stocks? It increases liquidity for the companies—their management boards can go nuts….acquisitions, expansion or just use the money to have a rocking good time, parties, hookers, cocaine, all of course in “exotic” places like Bora Bora, Bali or Boracay…all at the expense of GREEDY SUCKERS.
Key point: YOU CAN’T CHEAT AN HONEST MAN”
Al Ma Ti Lah Sin ga pu ra Akbah.
anonymous 11.14am pls note......
Are you sure there will be two more casinos here?
Where? When?
The present two already BTH ("Bay Ta Han").
Cannot be! Cannot be!
/// The penny and super penny stocks have been given a dead line to consolidate by 2016 or face being delisted. We cannot have a Mickey Mouse stock exchange.
- Who said so?
- How come we don’t know and allow our market to be turned into a Mickey Mouse stock exchange?
- Did we see it coming?
- Did we see how damaging it will be to allow the value of stocks in the mainboard to become penny stocks by splitting and splitting?
- Whose great idea was it and what was the purpose of this great idea?
- To facilitate computer trading or to encourage children to play in the stock market? ///
Wah!
Redbean ask so many questions today.
PAP Ministers keep changing their portfolios every year just like we change our underwear everyday.
Who knows which PAP Minister is responsible for what anymore?
But one thing we always know.
There is always a "Lee" who is in control and is responsible; either as Prime Minister, Senior Minister or Mentor Minister.
So now you know who to ask.
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