Posted this morning: Kosmo's Directors Shocking Fine!!
Now do you know that when Kosmo was trading at a high of 8.50, Kosmo number had some 129.296 million shares.
Which meant that Kosmo was trading with a market capital of over 1 Billion Ringgit!
Now Kosmo is delisted!
Oh yeah, how do you make a stock with a market capital of 1 billion disappear?
Oh yeah, two directors were fined 257,300!!!!!!!!!!
Friday, October 30, 2009
How Do You Destroy A Market Capital Of 1 Billion!
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2 comments:
Dear Mr Moola,
The low fine for wrong doers is an excellent reason for foreign companies to list in Malaysia. Galleon should have been located here.
I am not sure why the fine was lashed on the directors after so many years.
The industry knew this company was aligned to one of the top politician in the country that time. By fining the directors now, you only tell people politic and biz are not separable after all. Worst still, you don't act when you might be required.
Did you agree with me, Moolah?
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