Comments on: Finance Friday: Why Should The Investor Suffer From Scams Like Pyramid Saimira

By: Ankit

Ankit — Mon, 16 Nov 2009 11:29:23 +0000

@Ajay

The ban roughly means that Pyramid Group will not be allowed to raise any more capital from the markets for next 7 years.They cannot come out with any FPO’s or anything fund raising activity which involves capital markets.The currently taded shares will however continue until and unless SEBI comes up with a ruling

By: Ajay Kumar

Ajay Kumar — Mon, 16 Nov 2009 07:45:09 +0000

I am not exactly sure what this ban exactly means in this case. Has this ban not been initiated as yet? I mean, the company still continues to be traded, so what does the ban mean?

By: Ankit

Ankit — Sun, 15 Nov 2009 06:03:57 +0000

Hi Guys,
I took the topic to twitter since i wanted more feedback.And twitter has some of the best Stock Market folks that one can see.So, here’s qouting their inputs verbatim

@dmile22 wrote
Unfortunately its a risk that investors take in any equity, but luckily SEBI caught it when they did

@sohamdas wrote
There are two perspectives to it. a. The onus is on us to fend for ourselves and our money, for we exist and hence thugs exist

Fair enough i guess!! Getting emotional is not the best way to be in the Stock Markets i guess.Its our money on t table, and we better take care of it by doin due dilligence and keeping a close watch

By: Ankit

Ankit — Sun, 15 Nov 2009 05:35:56 +0000

touche!! I felt the exact same thing..SEBI has to ensure that the violators suffer penalty and pay back investors hard earned money.but then given the volume of shares, i wonder if it is feasible at all.
On a funny note, this might propel a reverse market dynamics.buy cumpanies with shady management and a dicey future:)

By: Sumedh

Sumedh — Sun, 15 Nov 2009 04:31:57 +0000

Can’t SEBI make the company management pay all the money to the investors at the stock price prevalent before making the announcement of ban? That would be fair enough for everyone…

By: Ankit

Ankit — Fri, 13 Nov 2009 18:46:48 +0000

Hey Rohan, that was short a comment:) Don even know what you thanked me for!!

By: MTF

MTF — Fri, 13 Nov 2009 18:11:09 +0000

The SEC may be finally doing something proactive. Just read SEC requested a copy of STOCK SHOCK–new movie about market manipulation and naked short selling of Sirius XM stock (among others). Amazon has the movie on DVD, or stockshockmovie.com has it.

By: Rohan

Rohan — Fri, 13 Nov 2009 13:43:03 +0000

Thank you AA.