True, the PM's son lent credence to the company after he has bought its shares and then sits regally on the Board. But that's no reason for you to jump head long into this potential quagmire of a counter?
Sadly, as we see, the Bursa failed to do its job to timely query the company on why there was such a huge percentage jump in its price in a short spate of time or the reason for the flurry trade. It allowed so much leeway for punters and mercenary buyers to sucker a wide slew of innocent babes of investors. From 10 sen it jumped to price stratosphere beyond RM2.00.
Once the punters leave, the PM's son also quited his Board seat and now all those poor blighters or sorry shareholders are left with Harvest Court shares hanging high and dry.
The price of Harvest Court is now 74 sen, down by another 22 sen. It touched a low of 66.5 sen.
As they say, winners guffaw and losers weep.
I can hear the din of the cries of the loser-weepers but sadly, not Bursar.
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