Sri Lanka firm, officials, fined on securities offence

mono

mono

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The culprit in question is ERI

Aug 30, 2011 (LBO) - Sri Lanka's securities watchdog has fined Environmental Resources Inc and several officers, over a disclosure related offence, market sources said.

http://www.lbo.lk/fullstory.php?nid=1849236144

Kithsiri

Kithsiri

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Should be a RED flag (in your opinion) ?

FXX

FXX

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Finally the issue is over, 10 million rupees are peanuts for the company and three directors

Gaja

Gaja

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@FXX wrote:Finally the issue is over, 10 million rupees are peanuts for the company and three directors

Friend Rs. 10 million is peanut for the company there is know second thought about it, but if the news were true " SOMETIMES ", it might bring the negative impact to the company, not on the financial basis.

wiser

wiser

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I don't think so. Some how they get rid off from a headache. now they can breath without any fear.

FXX

FXX

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@Gaja wrote:

@FXX wrote:Finally the issue is over, 10 million rupees are peanuts for the company and three directors

Friend Rs. 10 million is peanut for the company there is know second thought about it, but if the news were true " SOMETIMES ", it might bring the negative impact to the company, not on the financial basis.

It is true but there wont be any court case so that is a positive news, there were lots of GREG collection went on past few weeks and days, specially yesterday, lets see how the share perform on Thursday

RDS

RDS

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@FXX wrote:

@Gaja wrote:

@FXX wrote:Finally the issue is over, 10 million rupees are peanuts for the company and three directors

Friend Rs. 10 million is peanut for the company there is know second thought about it, but if the news were true " SOMETIMES ", it might bring the negative impact to the company, not on the financial basis.

It is true but there wont be any court case so that is a positive news, there were lots of GREG collection went on past few weeks and days, specially yesterday, lets see how the share perform on Thursday

collect 1M shares around 70 then sell above 80, easily 10M recover, but DJ & NP doing the business than ERI did.

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Sri Lanka firm, officials, fined on securities offence

1 Sri Lanka firm, officials, fined on securities offence Tue Aug 30, 2011 6:29 pm

mono

2 Re: Sri Lanka firm, officials, fined on securities offence Tue Aug 30, 2011 6:46 pm

Kithsiri

3 Re: Sri Lanka firm, officials, fined on securities offence Tue Aug 30, 2011 8:08 pm

FXX

4 Re: Sri Lanka firm, officials, fined on securities offence Tue Aug 30, 2011 9:42 pm

Gaja

5 Re: Sri Lanka firm, officials, fined on securities offence Tue Aug 30, 2011 10:55 pm

wiser

6 Re: Sri Lanka firm, officials, fined on securities offence Tue Aug 30, 2011 11:25 pm

FXX

7 Re: Sri Lanka firm, officials, fined on securities offence Wed Aug 31, 2011 7:58 am

RDS

8 Re: Sri Lanka firm, officials, fined on securities offence

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