This should be good news but as we see today, investors are still quite jittery about the mud from Muddy Waters that has stuck to Olam when Muddy Waters said that Olam’s “180-degree reversal” on tapping the markets validates its thesis that the Singapore commodities trader is in danger of failing, and it maintained its "strong sell" view.
“Only four days ago, (Olam CEO) Mr. (Sunny) Verghese vehemently insisted that it would not tap the markets for at least five months. This 180-degree reversal supports our thesis that the company was in dire straits over the weekend,” ...
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