A reader sent me an email on his take on Asiasons stock after reading my article on Asiasons stock in my blog. I feel that the questions raised by the reader are insightful and the following are the take of the reader with regards to the Asiasons article on The Edge Singapore, reproduced with the permission of the reader:
1) "Special Technique". The article quoted the CEO of Black Elks talking about how the company "shine" the assets to higher valuation before selling them off. I will ask myself, what "special" technique? Does Black Elks has propriety technology or technique for this?
2) What got Black Elks into current predicament of seeking capital injection from Asiasons? E&P is a high risk/high return sector, sometime a minor accident is enough to wipe you out. Especially so when it is operating under the U.S. jurisdiction, where legal cost can blow you ......