Monday, July 25, 2011

Scalp Trades Dated 25/7/2011 (Unscrupulous of OSK)

1. Scalp traded the following today :-

2. See this....

The Settlement Price has been determined at RM 2.9400, being the arithmetic mean of the closing price of KENCANA Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date. Cash Settlement Amount

= {(Settlement Price – Exercise Price) / Exercise Ratio} x Number of CW exercised – Exercise Expenses*

= {(RM 2.9400- RM 2.70) / 3 } x Number of CW exercised – Exercise Expenses*

= RM 0.0800 x Number of CW exercised – Exercise Expenses*

This is nonsense !!! Why using closing price as a calculation for settlement. ?? This is just giving chance for OSK to manipulate the settlement price man.... really dissappointed with OSK man. Why are they applying different standard with other brokers ?? This is real serious problem man. They are trying to save money by giving less settlement to us. Real @#$#^$%$^ !!

3. GUY, BOYCOTT OSK's CWs. DON'T buy their CWs. Let them eat SHI T. See one classical example today, they manipulate DRBHCOM and make DRB-CE nett worth drop to ZERO. CUNNING right ?? This is unethical way of manipulate the settlement price. OSK deed will back fire. BOYCOTT OSK !!

4. Avoid DRB-CE !!!


vincent168 said...

YES, BOYCOTT OSK's CWs.....They are not professional !!!!!

freddie said...

reply received from SC...

Dear Mr. Chan,

We refer to your email below and thank you for the information provided.

Please be informed that we are currently reviewing the issues raised in your email below and would take such appropriate action should there be any breach of the securities laws.

Meanwhile, should you have any queries in relation to the matter, please do not hesitate to contact us at 03-62048999.

Thank you.

Wan Normajidah
Investor Affairs & Complaints
Securities Commission Malaysia

I do-do my way said...

away the small investor will loss, Bursa or SC must monitoring the transaction

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