Repayment of $61 million loan within 90 minutes.

[sgbuyer]

I'm sure most of you would have read how the 3-Musketeer stocks crashed when a foreign bank asked for repayment of a $61 million loan within 90 minutes.

http://www.singaporelawwatch.sg/slw/index.php/headlines/33646-third-penny-stock-case-against-goldman?utm_source=web%20subscription&utm_medium=web

It maybe far fetched but I was wondering if foreign banks will ask for repayment of mortgages in a similar fashion. :scared-4:

Now we know how the coming collapse will come about.

What happens if a foreign banks demands a repayment of a billion dollar bond or loan from a local bank in 90 minutes?

[indomie]

Shark eat shark world. Goldman sachs sell the shares to who?

[sgbuyer]

Suggestion on what may have happened behind the scene:

11.45 Hong went to toilet pangsai
11.48am Banker's demand emailed to Hong
12.00 Hong Pangsai finish wash hand, go and have a smoke
12.10 Smoke finish turn on PC
12.13 Windows PC boot finish
12.15 Surf to Condosingapore.com, write some cock.
12.28 Open Outlook, download email.
12.29 Saw the demand email.... oops, too late .... :banghead:

[radha08]

Suggestion on what may have happened behind the scene:

11.45 Hong went to toilet pangsai
11.48am Banker's demand emailed to Hong
12.00 Hong Pangsai finish wash hand, go and have a smoke
12.10 Smoke finish turn on PC
12.13 Windows PC boot finish
12.15 Surf to Condosingapore.com, write some cock.
12.28 Open Outlook, download email.
12.29 Saw the demand email.... oops, too late .... :banghead:

12.30...hong took his medicine:)
12.31...hong is OK:cheers4::cheers4::cheers4:

[bargain hunter]

this story is very very similar to the one which ms quah su ling revealed on The Edge last week as well.

i think an investigation should be launched to see if goldman or some concerted parties shorted shares in the days before.

[indomie]

12.30...hong took his medicine:)
12.31...hong is OK:cheers4::cheers4::cheers4:
12.45..... Hong call ah long
1.15.... Ah long say "ok lah I lent u a couple of millions u asked, interest is 1% a day.... U can or not?"

[solsys]

These shares and others mentioned in the papers were pushed up and controlled by the same syndicate i think.

And i think within the syndicate, the biggest shark ate the sharks that were supposedly buddies.

[Simi]

Ms Ng Su Ling was the first to pursue legal action against Goldman Sachs International and Goldman Sachs Singapore

She had since resigned from her directorship to concentrate on the matter.

Hope the 3 of them can fight all the way to US and win

then many investors here can proceed with a Class Actions

[Simi]

Sometimes very sad to see many postings condemning the 3 stocks when it was first sold down without knowing what's happening behind the scene :o:(:scared-4:

Probably ignorant, I guess

[richwang]

then many investors here can proceed with a Class Actions

Is Class Action allowed in Singapore?

[Simi]

Is Class Action allowed in Singapore?

No, its not allowed in Singapore ...:scared-4:
The case is going to be very long and costly

in my opinion SGX also did not play her role well

They should have implemented shorting on the uptick

[hopeful]

this story is very very similar to the one which ms quah su ling revealed on The Edge last week as well.

i think an investigation should be launched to see if goldman or some concerted parties shorted shares in the days before.

it is likely though.
For those who hasnt read griftopia and others, that is GS and JPM mode of operations. they will demand higher and higher collateral until the "muppets" are bankrupt.

i dont sympathise with them though, they are also predators except that GS are a much bigger and quicker shark than them. and they are idiots for engaging GS. knowing full well that GS called their clients "muppets."

from the article, i think Mr William Chan is part of it too.
from icij website.