Sunday 21 July 2024

WiseGuy inside The Corporate Mafia : MMAG's Sri Lankan Dream is DEAD.

HOW is it possible,  that a company deliriously am able to make a statement to the stock exchange on the trading day, in which it's shares were pushed up by a staggering 85 per cent.  READ : Chin Boon Long's MMAG teams up with Sri Lanka's Supreme Global Holdings (Private) Ltd to take over Sri Lanka Airlines.



YET, be silent as a dead body, without informing a single soul  when the deal has been aborted. READ : Sri Lankan Government aborts plan to privitise Sri Lanka Airlines, the country's national carrier.

BY keeping silent, Victor Chin Boon Long's MMAG is deliberately withholding market sensitive information,  which could potentially sink  the value of MMAG.

CONSIDERING,  MMAG had on its own according made the announcement to the stock exchange, choosing to be silent, is actually a VERY BIG ISSUE.

IF we care to recall, providing selective information to the public eventually  leads to false trading. 

LOOK no further than ENRON. READ : ENRON, selective disclosure, fraud and Insider trading