Who is responsible for the CSE's failure

David VKMS · 1 Who is responsible for the CSE's failure Wed Mar 30, 2022 12:04 pm

David VKMS

Senior Equity Analytic

Posts : 94
Equity Stars : 1522
Reputation : 4
Join date : 2020-12-27

Group of people put the entire market in to a trouble by dumping of two shares "LOFC & CLC".

1. LOFC which was at Rs. 9 plus level at the begging of October 2021 was pumped to Rs. 30 plus and dumped 160 mn shares in 9th of November 2021 , 101 mn , 95 mn shares were dumped in 16th and 17th of November.

2. there was bad fall in 19th of November 2021

3. After such bad fall, this so call smart group convinced some tax benefit story of acquisition of CLC and dumped the balance quantities at 28 level and and 25 level in January 2022.

4. They did the same with the CLC too.

5. Rs. 18 plus at September 2021 was pumped up to Rs.87.90 levels and duped to retailers with different stories at various price levels.

6. on 6th of December 2021 80 mn shares were dumped between Rs. 31 to 38 levels.

7. Oversight of the the regulator punished the investors who didn't buy this LOFC and CLC.

Conclusion : One group of people greediness put the entire market in to a disaster situation.

2011 : GREG
2022 : LOFC & CLC

Is it the investor?
Is it regulator?
is the major shareholder of CLC and LOFC?
is the Smart group who manipulated the CSE?

D.G.Dayaratne · 2 Re: Who is responsible for the CSE's failure Thu Mar 31, 2022 7:03 am

D.G.Dayaratne

Senior Vice President - Equity Analytics

Posts : 2035
Equity Stars : 8872
Reputation : 57
Join date : 2011-12-13
Location : Kotte

CSE failure is mainly because of ignorance of a major part of investors

Another reason is some big people try to manipulate the market to calmaplage
POLICY FALLER

Some people try to mislead investors by making fabricated postres

dayandacool · 3 Re: Who is responsible for the CSE's failure Sun Apr 03, 2022 1:22 am

dayandacool

Moderator

Posts : 539
Equity Stars : 2423
Reputation : 11
Join date : 2019-08-26
Location : Colombo

D.G.Dayaratne wrote:CSE failure is mainly because of ignorance of a major part of investors

Another reason is some big people try to manipulate the market to calmaplage
POLICY FALLER

Some people try to mislead investors by making fabricated postres

One word mate

Incompetent governance!!!

Protecting investors is the responsibility of those in power.

Making policies to support investments (not to rob poor and get the rich more richer) is a responsibility of those in power