Excellent English and right to the point!
Bravo!
On 11/6/06, Newsmaster <[EMAIL PROTECTED]net> wrote:
There is nothing wrong in BLTA case. If you 'lost' so please
don't
blame the others because you already bought the stock.
If you don't
believe in then you don't have to buy in the
first place and seek anyone
else to blame. Just take it or
leave it.
Yours is a very bad
attitude. You said you want to wait for one
week and how can you dictate
the market? You still have potential
gain in a week or so. I think you
are not supposed to be a winner
but a looser investor already. If you
intend to invest on stocks
then you should aware of the losses. YOU are
indeed quite
embarrassing.
..
Michael
Susanto wrote:
>
> >From:
>
> I wrote this
letter because I suspect there is something against
> the law
regarding the IPO of Berlian Laju Tanker (BLTA) recently.
>
> I
myself, bought this share at IDR 2,075 in JSX before IPO as I
>
thought the company has a good fundamental and it's the first time
>
an Indonesian company floats its shares in Singapore Stock Exchange
>
(SGX).
>
> So I am confident that the shares would gain on its
trading debut.
>
> As you all know, the shares lost its value
until it reached
> IDR 1,810 before closing at IDR 1,850 .
>
> I believe many retail investorsexperience this huge loss because of
> BLTA IPO.
>
> Based on the movements of BLTA share
price before IPO which went
> down from its high of IDR 2,175 and
then fell to 2,050 before JSX
> market closed for Hari Raya, I
believe there is unequal distribution
> of information of its low IPO
price in SGX which prompted these
> people with unfair information
sold or short sell BLTA shares
> in JSX before listing in SGX.
>
> I strongly suggest that the Authorities in JSX, Bapepam, SGX,
and
> MAS investigate this matter for any alleged insider
trading.
>
> I have only one hope that BLTA share price to come
back at
> IDR 2,175 within one week (latest by Friday 10
November 2006)
> otherwise this matter will be brought
to the attention JSX,
> Bapepam, SGX, MAS, and as well as Singapore
Crime Affair
> Deparment (CAD) to conduct a raid on PT. Berlian Laju
Tankers and
> its global underwriters.
>
> As this case
is a disgrace to the whole country of Indonesia, that
> a company
wants to do dual listing only to rip off its investors
> (minority
shareholders) while others with insider information
> pocketed all the
money lost by the retail investors.
>
> This embarrassing case
will serve as a bad precedence for other
> good companies in
Indonesia to list its shares in international
> exchange
markets.
--
Oskar Syahbana
http://permagnus.com/ -- A Financial
site with a human touch
Please send private messages to
iservasia[at]
gmail.com
