Monday, August 13, 2012

The Outing of the Insider Auta

Let's get a bit technical on this shall we.

AVoice says SC should throw the book at them (here)

Big Cat wants a goreng version of them (here)

Rocky says Ranjit will be coming down hard...(here)

How hard can it possibly be?

Source SC CMSA (here)

 Well was Insider in situation (a) or (b) when they published that particular piece

KUALA LUMPUR, Aug 10 — In a volte face, the Securities Commission (SC) will now order Sime Darby Bhd to make a general offer for Eastern & Oriental Bhd (E&O) shares after buying a 30-per cent stake last year, say government sources. The Malaysian Insider understands the decision was made after a review by the leadership under new SC chairman Datuk Ranjit Ajit Singh. “The SC has reviewed the matter and decided to overturn the earlier decision made when Tan Sri Zarinah Anwar was the chairman,” a government source told The Malaysian Insider.(here)

Insider should have verified it with the proper authority as this is definitely a price sensitive information.

They decided not to. Wonder why?

Minds are like parachutes; they work best when open. -Lord Thomas Dewer