Shares & Derivatives
JOHN SOH CHEE WEN HAS BEEN ARRESTED [SG PENNY STOCK 2013 SAGA]
By Singapore Stocks Investing (SSI)  •  November 26, 2016
It has been reported today that Mr John Soh Chee Wen, the alleged mastermind behind the penny stocks saga of 2013 has been arrested. If readers can recall that penny stocks saga involving Blumont, Asiasons (now called Attilian) and LionGold, the trio stocks went down or in stocks parlance “crashed” in value by more than 90% over a few trading days. To give you a scale of magnitude and proportion: a) Blumont stock reached a high of $2.025 in September 2013 and now Blumont stock is trading at $0.004, it means to say an investment of 1,000 shares worth $2,025 in September 2013 is now worth $4. b) Asiasons (now called Attilan) stock reached a high of $2.82 in September 2013 and now Attilan stock is trading at $0.006, it means to say an investment of 1,000 shares worth $2,820 in September 2013 is now worth ......
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By Singapore Stocks Investing (SSI)
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