MK Land Denies The Privatisation Story

As expected MK Land made a clear denial to the privatisation rumours published on Business Times. See posting, Yet Another Privatisation Story! This Time MK Land!

Trading volume on 10th July 2008 was 18,996 and on the trading volume on the 11th July was a mere 12,496 million. And many thanks to this malicious, baseless rumour published on Business Times, trading volume surged to an incredible 113,720.

Tell me, how can one not be suspicious if that news article was not published to facilitate heavy trading for some unknown party for their own vested interests? Yes, would it be wrong for one to accuse that the press was used as a tool to illegally promote a stock?

Of course readers should exercise caution on such article(s) which refuses to give any credibility to their articles by not naming their sources.

But this happening way too often and it really gives our financial press a bad name. Heck, I feel ashamed just reading such news! Don't you?