I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
The last fraudster exposed by Hindenburg faces 20yrs jail...Adani scam ..
13-02-2023, 07:45 PM
I am very surprised DBS CEO said he is not concerned about the $1.4B billion loaned to Adani ...instead of taking action to secure some of the funds.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
13-02-2023, 08:40 PM
Not sure if you have seen this. Apparently, Adani used its high stock price to pledge as collateral for loans and used the money for acquisitions.
When the stock fell, it got a margin call to pledge more shares as collateral.
Remind me of s chip companies who used their stock as collateral for loans. The downside can turn into vicious cycle.
https://www.cnbctv18.com/business/compan...920671.htm
When the stock fell, it got a margin call to pledge more shares as collateral.
Remind me of s chip companies who used their stock as collateral for loans. The downside can turn into vicious cycle.
https://www.cnbctv18.com/business/compan...920671.htm
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
13-02-2023, 08:43 PM
Scammers are like womanisers who never just have one woman.
When you find they cheated on something it's just tip of the iceberg. Soon one worm after another will come out ....
When you find they cheated on something it's just tip of the iceberg. Soon one worm after another will come out ....
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
13-02-2023, 08:47 PM
Using own stock as collateral to borrow money is very toxic .....
![[Image: hZ86gmi.jpg]](https://i.imgur.com/hZ86gmi.jpg)
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
13-02-2023, 08:50 PM
13-02-2023, 08:52 PM
(13-02-2023, 08:40 PM)sgbuffett Wrote: Not sure if you have seen this. Apparently, Adani used its high stock price to pledge as collateral for loans and used the money for acquisitions.
When the stock fell, it got a margin call to pledge more shares as collateral.
Remind me of s chip companies who used their stock as collateral for loans. The downside can turn into vicious cycle.
https://www.cnbctv18.com/business/compan...920671.htm
Blumont, Asiasons and LionGold.
![Clapping Clapping](https://sgtalk.net/images/smilies/Animated/clapping_s.gif)
![Smile Smile](https://sgtalk.net/images/smilies/smile.png)
13-02-2023, 08:53 PM
Even if you don't believe any of the fraud accusations , the stock price is crazy overvalued...that alone is a red flag. Hindenburg said the stock price is manipulated up to use as collateral to borrow money.
https://asia.nikkei.com/Spotlight/Market...arket-rout
https://asia.nikkei.com/Spotlight/Market...arket-rout
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
13-02-2023, 08:59 PM
Adani enterprises will go to zero.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
« Next Oldest | Next Newest »
Users browsing this thread: 2 Guest(s)