OGL - Heavy trading

slstock wrote:

speculater wrote:simple force selling..............

But all Margin account providers at the same time? Mr rishan can have different agreements negotiations with different providers right. But if force selling looks like several providers all agreed to sell on the same date ?

Monster wrote:

Gaja wrote:9 First Capital Markets Ltd/Mr. S.H.M. Rishan 1,600,000 2.914 - Latest Crossing of 1.6 Million Shares

I have a feeling, Mr Rishan screwed up big time. Earlier it was GREG. Now it's OGL.

Gaja wrote:

slstock wrote:

speculater wrote:simple force selling..............

But all Margin account providers at the same time? Mr rishan can have different agreements negotiations with different providers right. But if force selling looks like several providers all agreed to sell on the same date ?

I Don't think so will wait until the next report out to see the Shareholders list, if the buyer is one person then we can wait for that details i think!

hariesha wrote:

Gaja wrote:

slstock wrote:

speculater wrote:simple force selling..............

But all Margin account providers at the same time? Mr rishan can have different agreements negotiations with different providers right. But if force selling looks like several providers all agreed to sell on the same date ?

I Don't think so will wait until the next report out to see the Shareholders list, if the buyer is one person then we can wait for that details i think!

No need to wait till next report. Rishan have to declare it to the CSE. He is the executive deputy chairman. Normally he had the practice of declaring on the following day.

I don't believe this is force selling. Only in last week he re-constituted the board of directors at OGL. Most probably this is an internal transfer. But on the day he bought the stake, he said he will bring in a Bangladeshi partner. But this transaction has no such signs, as it's a local to local crossing.

Gaja wrote:

hariesha wrote:

Gaja wrote:

slstock wrote:

speculater wrote:simple force selling..............

But all Margin account providers at the same time? Mr rishan can have different agreements negotiations with different providers right. But if force selling looks like several providers all agreed to sell on the same date ?

I Don't think so will wait until the next report out to see the Shareholders list, if the buyer is one person then we can wait for that details i think!

No need to wait till next report. Rishan have to declare it to the CSE. He is the executive deputy chairman. Normally he had the practice of declaring on the following day.

I don't believe this is force selling. Only in last week he re-constituted the board of directors at OGL. Most probably this is an internal transfer. But on the day he bought the stake, he said he will bring in a Bangladeshi partner. But this transaction has no such signs, as it's a local to local crossing.

Well what i wanted to see is whether he transfer from one Margin to another or decided to gave up the Margin!

Five parcels totaling 15.45 million shares of Orient Garments were traded off-market at 15.20 rupees each with deals being a transfer between an investor and a private holding company, sources familiar with the matter said.

npp wrote:transferred to PCH Holdings I guess.

Anyway I don't think he would have found some 'investor' to buy all that lot.

glwking wrote:

npp wrote:transferred to PCH Holdings I guess.

Anyway I don't think he would have found some 'investor' to buy all that lot.

There was a mandatory offer by PCH Holdings & Rishan in August 2011. Can Mr Rishan transfer the shares below the mandatory offer?

Gaja wrote:

glwking wrote:

npp wrote:transferred to PCH Holdings I guess.

Anyway I don't think he would have found some 'investor' to buy all that lot.

There was a mandatory offer by PCH Holdings & Rishan in August 2011. Can Mr Rishan transfer the shares below the mandatory offer?

i think yes

npp wrote:transferred to PCH Holdings I guess.

Anyway I don't think he would have found some 'investor' to buy all that lot.