We know that SGX is currently looking into what caused the trio of the “BAL” penny stocks (Blumont, Asiasons and LionGold) to go south, wiping off billions from the stocks markets. I think that until the investigations results are out, the BAL stocks will trade in a consolidating manner. Now, as a result of an ongoing law suit between a rich lady and Goldman sachs, there has been some speculation that there may be a link between Goldman sachs and the BAL penny saga. From what I read, it has to do with some credit lines being cut off by Goldman Sachs for investors of the BAL stocks (I am not sure whether I am correct here). Interestingly, the retirement of Mrs Yeo, SGX’s chief regulatory and risk officer has some sent some netizens in some local forums here discussing whether she is retiring due to the BAL penny stocks ......
