DUTY OF CSE & SEC

Eugine Fernando · 1 DUTY OF CSE & SEC Wed Aug 16, 2017 12:02 pm

Eugine Fernando

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Are these two institutions are doing their job correctly?

My answer is NO.

Are they monitoring the manipulations and taking any action for any wrong dowers?

Are they monitoring the disclosers of Director dealings and related party transactions. specially date of discloser to CSE?

Are they monitoring the announcements from the Companies and then raging on for long a period of time to execute those announcements, such as Dividends, Right issues, Sub division of shares and other announcements ( Restructure) which is effecting the market sentiment direct?

And also no action has been taken up to now regarding the already suspended shares, such as VANIC, HOTEL DEVELOPERS,PELWATTE SUGAR, TOUCHWOOD, ORIENT GARMENTS, DISTILLERIES, MIRAMAR BEACH,ENTRUST SECURITIES ETC..... My question is who is going to answer for the small investors of these Companies, who have invested their hard earn money on these Companies.

Teller · 2 Re: DUTY OF CSE & SEC Wed Aug 16, 2017 1:02 pm

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I'm not satisfied with right issue prices,the way of mandatory offers, Warrents execute prices, Ahnouncement updates for director dealings , and many more.

Eugine Fernando · 3 Re: DUTY OF CSE & SEC Thu Aug 17, 2017 1:00 pm

Eugine Fernando

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Have you all noticed ALPH related party transaction which took place in APRIL, The discloser coming today after 4 months. what a stock market is this.

Teller · 4 Re: DUTY OF CSE & SEC Thu Aug 17, 2017 1:31 pm

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True...

himesh · 5 Re: DUTY OF CSE & SEC Thu Aug 17, 2017 2:13 pm

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CSE doing their job. SEC is doing nothing. Best example is kalpitiya beach resorts. SEC accepted kalpitiya beach resorts has been doing nothing to implement IPO proposals. They requested CITK to come up with a alternative proposal. CITK promised to build a 60 rooms hotel as a alternative proposal. SEC gave deadline (2017-6-30) to build the 60 rooms hotel. CITK did nothing. They delisted CITK on 2017-06-30. Companies making fun of the SEC

sharemarket · 6 Re: DUTY OF CSE & SEC Thu Aug 17, 2017 2:24 pm

sharemarket

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Eugine Fernando wrote:Are these two institutions are doing their job correctly?

My answer is NO.

Are they monitoring the manipulations and taking any action for any wrong dowers?

Are they monitoring the disclosers of Director dealings and related party transactions. specially date of discloser to CSE?

Are they monitoring the announcements from the Companies and then raging on for long a period of time to execute those announcements, such as Dividends, Right issues, Sub division of shares and other announcements ( Restructure) which is effecting the market sentiment direct?

And also no action has been taken up to now regarding the already suspended shares, such as VANIC, HOTEL DEVELOPERS,PELWATTE SUGAR, TOUCHWOOD, ORIENT GARMENTS, DISTILLERIES, MIRAMAR BEACH,ENTRUST SECURITIES ETC..... My question is who is going to answer for the small investors of these Companies, who have invested their hard earn money on these Companies.

Eugine Fernando · 7 Re: DUTY OF CSE & SEC Thu Aug 17, 2017 2:30 pm

Eugine Fernando

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himesh wrote:CSE doing their job. SEC is doing nothing. Best example is kalpitiya beach resorts. SEC accepted kalpitiya beach resorts has been doing nothing to implement IPO proposals. They requested CITK to come up with a alternative proposal. CITK promised to build a 60 rooms hotel as a alternative proposal. SEC gave deadline (2017-6-30) to build the 60 rooms hotel. CITK did nothing. They delisted CITK on 2017-06-30. Companies making fun of the SEC

CITK not delisted its trading was suspended pending restructuring process. According to the Group Accountant trading will commence in end of August.

niru · 8 Re: DUTY OF CSE & SEC Thu Aug 17, 2017 3:07 pm

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Just a note : Distilleries shares converted as Melstacorp shares in October 2016 (4 MELS for 1 DIST).

MPRH.N0000 Metropolitan delisted but some shareholders got nothing.

Chinwi · 9 Re: DUTY OF CSE & SEC Sat Aug 26, 2017 6:06 am

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niru wrote:Just a note : Distilleries shares converted as Melstacorp shares in October 2016 (4 MELS for 1 DIST).

MPRH.N0000 Metropolitan delisted but some shareholders got nothing.

Why got nothing ? They paid us @ 28 or 32 ... . Have you missed the chance to accept the offer ? Call them and try to sell your holding privately .