I wrote before about the put and call option of Gary How.
Masterskill announced the termination of the said agreement.
He [Mr. How] has expressly confirmed that the he is unable to complete the purchase of the First Party’s shares within the Call Option Period (within 6 months from the date of Call and Put Option Agreement)
Was the agreement ever serious? I always had my doubts (as had the few people who commented on the posting), as expressed in above blog post. The whole sequence of events poses more questions than that is gives answers.
Gary How and related parties are still directors of the company, while holding only a very small percentage of the shares.
Haiyah...same old story...remember Protasco?...Follow the money...Regulators sleeping.....
ReplyDeleteWell, at least serious investors know such stocks should be avoided unless for very short term punt.
ReplyDeleteAuthorities should investigate. Otherwise other companies may follow this method to drive up their share price.
ReplyDeleteIt is a disgusting act. Although the actions were within legal boundaries, it is by no means a disgrace to the credibility and professionalism of the people involved.
ReplyDeleteRegulators should give yellow cards for such cases same like in football.
ReplyDeleteIssue yellow cards before red card
It can help warn players to comply with best practises and too investors too
http://www.thestar.com.my/Business/Business-News/2013/05/31/Masterskill-to-sell-freehold-land/
ReplyDeleteDisposal of land is about 40% of market cap. I am following them closely to see what tricks they have up their sleeves.