[Oyk]

Let me explain this one more for those who still don't understand.

1. CLOB was created by the Singapore govt to benefit Singapore brokers . The Malaysian govt advised not to do this as it creates a grey secondary market for for their their stocks. The Singapore govt refused to listen.

2. CLOB became unviable when Dr M implemented currency control to end the Asian financial crisis. CLOB was not his target but became collateral damage.

3. The shares were stuck in limbo because local brokers cannot arbitrage as currency cannot flow freely.

4. Dr. M is not going to make life easy by allowing a straight forward transfer because CLOB was designed to take business from Malaysian exchange and profit Singapore brokers. 

5. The Singapore govt and local brokers to walk away from responsibility created propaganda to blame Dr. M for the plight of investors here. But they were the ones who created CLOB and had previously assured Singaporeans it was safe to trade despite warnings from Malaysia side.

6. In the end Dr. M allowed scrips to be registered and traded jn Malaysia exchange. The Singapore brokers who made all the commissions refuse to bare eventual cost of the transfer and registration...and the Singapore govt did refuse to make them 

The SGX would go on the S Chips and shady reits to make Singapore investors lose more money.

Eventually most of the clob counters would become worthless because the brokers and singapore exchange brought in the most speculative and high volume stocks controlled by syndicates to earn more commission. 

Dr. M is not the villain in this story. He was demonised by the Singapore media which is controlled by Singapore govt to make Singaporeans blame someone else. CLOB was created to help Songapore brokers make money....and the Singapore govt allowed it.

Excellent piece

A Masterpiece

Of twist and turn