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EXCHANGE RATE PREDICTION: 2022

LOFC pump and dump exposed Vote_lcap11%LOFC pump and dump exposed Vote_rcap 11% [ 21 ]
LOFC pump and dump exposed Vote_lcap20%LOFC pump and dump exposed Vote_rcap 20% [ 38 ]
LOFC pump and dump exposed Vote_lcap29%LOFC pump and dump exposed Vote_rcap 29% [ 55 ]
LOFC pump and dump exposed Vote_lcap40%LOFC pump and dump exposed Vote_rcap 40% [ 76 ]

Total Votes : 190

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » LOFC pump and dump exposed

LOFC pump and dump exposed

4 posters

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1LOFC pump and dump exposed Empty LOFC pump and dump exposed Sun Nov 21, 2021 1:21 am

Banuka

Banuka
Equity Analytic
Equity Analytic

LOCH, part of the LOLC Group, owned by Ishara Nanayakkara, has bought more than 182 million shares (including Sakya capital / sathiya holding) of LOFCs (between Sakya capital / sathiya holdings) for Rs. 12-8.50 in the last two to three weeks. PUMP inflated prices by more than 1%, artificially inflating prices to a high of close to 39.50 last week.

Mr. Shiriyan, CEO of LOLC Stock Brokerage, Mr. Dimuthu, CEO of ASHA Brokerage, Mr. Jaliya of Frist Capital Brokerage were the first to take part in the proceedings. Following the official announcement of LOCH's new deals on the Market website, over 200 million LOFC shares were exchanged at high prices in the last few days at a price between 30-38, and the above shares were subjected to artificial DUMP on 19.11.2021. The collection of executives of leasing  companies are very well organized, creating fear among the average investor by design.

The funny thing here is that reputable investors like Nimal Perera have joined hands with the above executives on social media to intimidate and manipulate and then shift the responsibility to small investors. 

Ishara Nanayakkara was also instrumental in artificially raising the value of books subject to relevant transactions with LOCH to 10-39.50 within a week (37.50) and 75% DUMP of 35-19 on the same day of the relevant announcement on the CSE website. Should be. Top officials in the CSE and SEC need to be in touch to allow such artificial manifestations to exploit investors instead of protecting them. We have seen many times before when a company's price rises abnormally under the heading Unusual Trading, but no such regulation has been made in these cases. It is likely that this will happen in the future. But by then it was all over (the stall was useless after the horse had run away).

 Such incidents show us that stock market parties had to bear the brunt of the market frauds that took place in 2010 for a period of 8-10 years. The effects of these current and future events are likely to be felt in the near future. According to some investors, the current stock market is what they call a casino. 

Ishara Nanayakkara: Such large-scale stock market frauds, primarily through stockbrokers' regulators, primarily through major stockbroking firms, could lead to another decade of small and medium-sized investors in the future, even if the current small and medium-sized investors are left to fend for themselves for another decade.

It is the responsibility of all of us Stock Exchange Stakeholders to inform the upper echelons of this event so that such acts do not take place in the future to inform the President. This event could lead to the collapse of the entire Colombo Stock Exchange due to the LOFC scam in the future and the possible loss of BULL gold again in the future.
(Copied)

sanjulanka, Rational Investor and RAVI1980 like this post

2LOFC pump and dump exposed Empty Re: LOFC pump and dump exposed Sun Nov 21, 2021 8:22 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Banuka wrote:LOCH, part of the LOLC Group, owned by Ishara Nanayakkara, has bought more than 182 million shares (including Sakya capital / sathiya holding) of LOFCs (between Sakya capital / sathiya holdings) for Rs. 12-8.50 in the last two to three weeks. PUMP inflated prices by more than 1%, artificially inflating prices to a high of close to 39.50 last week.

Mr. Shiriyan, CEO of LOLC Stock Brokerage, Mr. Dimuthu, CEO of ASHA Brokerage, Mr. Jaliya of Frist Capital Brokerage were the first to take part in the proceedings. Following the official announcement of LOCH's new deals on the Market website, over 200 million LOFC shares were exchanged at high prices in the last few days at a price between 30-38, and the above shares were subjected to artificial DUMP on 19.11.2021. The collection of executives of leasing  companies are very well organized, creating fear among the average investor by design.

The funny thing here is that reputable investors like Nimal Perera have joined hands with the above executives on social media to intimidate and manipulate and then shift the responsibility to small investors. 

Ishara Nanayakkara was also instrumental in artificially raising the value of books subject to relevant transactions with LOCH to 10-39.50 within a week (37.50) and 75% DUMP of 35-19 on the same day of the relevant announcement on the CSE website. Should be. Top officials in the CSE and SEC need to be in touch to allow such artificial manifestations to exploit investors instead of protecting them. We have seen many times before when a company's price rises abnormally under the heading Unusual Trading, but no such regulation has been made in these cases. It is likely that this will happen in the future. But by then it was all over (the stall was useless after the horse had run away).

 Such incidents show us that stock market parties had to bear the brunt of the market frauds that took place in 2010 for a period of 8-10 years. The effects of these current and future events are likely to be felt in the near future. According to some investors, the current stock market is what they call a casino. 

Ishara Nanayakkara: Such large-scale stock market frauds, primarily through stockbrokers' regulators, primarily through major stockbroking firms, could lead to another decade of small and medium-sized investors in the future, even if the current small and medium-sized investors are left to fend for themselves for another decade.

It is the responsibility of all of us Stock Exchange Stakeholders to inform the upper echelons of this event so that such acts do not take place in the future to inform the President. This event could lead to the collapse of the entire Colombo Stock Exchange due to the LOFC scam in the future and the possible loss of BULL gold again in the future.
(Copied)
Excellent statement of another Intelligent Investor

3LOFC pump and dump exposed Empty Re: LOFC pump and dump exposed Sun Nov 21, 2021 9:26 am

Niwa


Moderator
Moderator

I don’t think the government or IN wants to see a collapse in CSE,The only thing that they have to talk about every time and in everywhere . The master plan seems to bringing all the companies of IN in to the top 20 list , taking the control of ASPI.

What ever is happening now, can’t happen without the blessing of TOPs, tops mean not only officials also people who run the government. If look at the rend , the rend started in 2019. LOLC started its long run from around 170. INs involvement in port city project through BIL. Bil is making big investments even overseas and making lot of acquisitions every where .these are not coincidental.

Next important question is how IN going to sort out the matter of MPH . Either he has to sell his shares in these 3 companies, like AGAL did, or have to push up prices and keep in a level with high PE. I heard nifl is already there and lofc will be eligible if it goes over 38 and stay. For CLC, it’s not imaginable, it should go over 350.

This is not good for LOLC image . They are planing to bringing foreign investments specifically LOCH IPO. Considering all above facts I don’t think IN or those TOPs expected this situation. Last few days many questions were raised about DP companies performances in CSE. NP tweeted about tiles companies and its parent. Broker firms phoned individuals and asked to sell lofc and clc. On pays day ,NP tweeted that many was blaming him about lofc pumping and dumping. Lofc collapse on 19th NP got exited and happy . Many tweets come asking “DAN SHAPADA”. In his last tweet , he mentioned he had received many PM asking about lofc and clc and he made the situation worse asking poor retail investors to expect another 25% lost if couldn’t sell on 19th.

I gut feeling is both these shares will bounce , sooner or later, taking ASPI towards 12000 mark before new changes come in to effect that alter the way to calculate ASPI.Probably it will be CLC, more illiquid, to start its upward trend.

Riz123 and sajithlk02 like this post

4LOFC pump and dump exposed Empty Re: LOFC pump and dump exposed Sun Nov 21, 2021 10:54 am

Jay-Jay

Jay-Jay
Manager - Equity Analytics
Manager - Equity Analytics

can imagine the trouble you three fall into.

You, three people, were promoting LOFC heavily for the last few days.

If you were carefully reading ForeigNers article on LOFC rally, you would have not fallen to this sort of unwanted trading mishap.

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