It is a "linked" company. In preparation of 05052013GE, a lot of money was needed. Even though if not for 505, division heads need lot of money to buy vote in party election and also to support their extravagant life style. Thus division heads quietly collected tonne of shares at very low price ranging 2.00 to 3.00. Once big qty of shares have been collected, numbers were “enron” up slowly till 8 eps/qtr & rev 120 mil/qtr. The perfect numbers justified the high price at 5 and lured retailers to buy high from division heads. After disposing to retailers, the numbers were allowed to reflect the actual biz performance at eps 3 sens/qtr & rev 70mil/qtr.
Stock: [ZHULIAN]: ZHULIAN CORPORATION BHD
2014-04-17 21:03 | Report Abuse
Case Study: How about another case of "Enron"?
It is a "linked" company. In preparation of 05052013GE, a lot of money was needed. Even though if not for 505, division heads need lot of money to buy vote in party election and also to support their extravagant life style. Thus division heads quietly collected tonne of shares at very low price ranging 2.00 to 3.00. Once big qty of shares have been collected, numbers were “enron” up slowly till 8 eps/qtr & rev 120 mil/qtr. The perfect numbers justified the high price at 5 and lured retailers to buy high from division heads. After disposing to retailers, the numbers were allowed to reflect the actual biz performance at eps 3 sens/qtr & rev 70mil/qtr.
This is a perfect “goreng".