- Much needed funds in a volatile market,
- The group equity appreciation in one single day.
The Schaffters, knew very well that it was absolutely not possible to obtain needed funds in current volatile market. Instead of other options such as rights, they used the reserves of Janashakthi Insurance PLC of the Group to buy the 31.15% stake of Dunamis Capital PLC at an inflated price to the current market price ( between 70% to 80% ). All the related interwoven PLCs of the Group, got an unprecedented intra-day appreciation for no valid reason ..
? How many of CSE s retail investors got caught ..