Monday, October 19, 2009

Sern Kou Tells Bursa Malaysia They Are Unaware!

They don't know!

On Business Times:


  • Sern Kou replies to Bursa query

    Published: 2009/10/19

    BURSA Malaysia issued an unusual market activity query to Sern Kou Resources Bhd last Friday over the high daily volume in its share trading recently.

    In its reply, Sern Kou said enquiries had been made among its directors and major shareholders and they were not aware of any rumour or report that might have contributed to the unusual activity.

This is the chart of Sern Kou.



Now they (Sern Kou) TOLD Bursa Malaysia that "enquiries had been made among its directors and major shareholders and they were not aware of any rumour or report that might have contributed to the unusual activity".

Now the problem is there is this announcement posted on Bursa Website.




Look at that GODZILLA SIZED disposal of shares made!

So who is Quek Gim Hong@ Keh Gim Hong?



How?

The second largest shareholder had BEEN DUMPING shares and yet the company said they are unaware of the recent unusual market activity!!!!!!!!!

How can they not be aware?

How lah Bursa?

Do you accept such reply to your UMA (unusal market activity) query?

Ps: Do you care?

4 comments:

Kris said...

Maybe they forget to ask him?? LOL

ronnie said...

He should be brought in by SC for questioning. A paper trail can be established if the authorities track the low of the proceeds.

solomon said...

I bet they have checked this, but.....

If I am the Regulator, I would have suspended the stock for a few days and ask for a more reasonable answer...another cowboy story, I guess??

Who cares so long don't got trap???

Moolah said...

soloman,

yea.. as long as 'I' am not trapped why should 'I' care.

That pretty much sums it all.