@malanp wrote:@Leon wrote:@malanp wrote:apparently the deal comes under inside trading...plus share manipulation...
in a developed country 10 years life in prison..
To my understanding, it was done according to the agreement they entered at the initial investment. You make an investment agreeing that the shares will be purchased back at a certain price.
I think this sort of a clause is there in the AAIC deal by two Nederland funds as well.
Buying at a certain price is not a issue, issue is the timing, and how price was brought down to 230 level... People who had inside information profited or minimized the loss, what about others???
we dont know how many retailers left the market after panic selling, and how many decided not to buy JKH again..
can they build the confidence of retailers which they have already destroyed..
10+10= 20 years in jail...that is how the market should work...
@malanap, are you talking about JKH?? I referred to Asiri/JKH deal. Anyway, why anybody wanted to bring down JKH to do this transaction?? I'm bit confused.
Last edited by Leon on Fri Feb 07, 2014 8:26 am; edited 1 time in total