November 09, 2012

Astro-Killing of its Employees' Investment

Entrapment of the Worst Kind!
This is the second worst performer after UOA Development.

No thanks to the fumbling authorities.

Now the Astro employees who bought the shares at RM 3.00 are suffering as they could have taken bank-loans to procure these ill-begotten 'pariah' shares.

Just like the poor minority shareholders who got the shares through the IPO and those who bought in the market at about that price, they are quietly licking their wounds.

As of today, Astro went as low as RM 2.61. As such those who bought at IPO price have have lost RM 400.00 per lot.

I think the authorities and the company owe these investors a lot of explanation.

Dishes of Disaster!
Unless UOA Development and Astro see some price readjustment upwards, retailers will shun our market.

I am sure the next few IPOs will be dead ducks!

No one will play!

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