It is indeed a terrible terrible day in the world of pennies! A stock like Blumont priced at $1.90 can drop to $0.88 before being suspended. Asiasons drop from $2.65 to $1.04. After the trio Blumont, Asiasons and Liongold were suspended, it affected pennies like innopac and ipco, which brought down the whole penny market. Innopac and Ipco has long been rumored online that they are related to the trio. How true are they???
The trio was suspended as the company prices fall by half in one morning session! They were queried by SGX on the trading activities.
The trio was suspended as the company prices fall by half in one morning session! They were queried by SGX on the trading activities.
The public and the stock market are very surprised by the drop and are even more shocked by the suspension.
I wonder how many punters are badly hit by the downfall, and how bad are they hit.
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