to okb: refer to this unethical investment bank call OSK

The picture is someone (hereinafter referred as lao qian) throw more than million shares of drbhcom from the price level of 2.23 level all the way to 1.95 just seconds before the pre-closing stage e.g they throw 1.95 for more than 14000 lots at 4:49:50. Their excuses is they suppose to key in buy order but they "mistakenly" key in sell order.

The question best enlighten the answer,

A. The price.
that lao qian is institutional player so I m sure they are highly train and discipline type of player, do u think is logic at that last moment of pre closing someone will go and stupidly close to 40 cents gap down and that Lao qian able to wallop those "jumping stock" which no news and rumours at all indicating drb has big problem? Therefore, if I m the court, do u think I will believe this is logic and usual practices from especially savvy trader to put so low price "buy order" at only seconds before pre closing which virtually 99.9999999999% can't get match.

B. The timing.
Why that lao qian want to key in the supposely "buy order" just seconds before the pre closing price, if they seriously want to buy drb shares, they can even q 1.8 even at 100 million share but can they q it earlier? Why at last seconds? Or are they enter the so call buy order for fun which virtually left no time even for big seller to notice what's more to say sell.

C. The outstanding shares in player hand
To show that such "trading mistake" is genuine, osk need to publish how many outstanding shares in player hand moment before that "error transaction" take place which happen so coincidently is the first calculation date for drb ce. If the outstanding share is 50 millions share and due to this trading mistake drb ce exercise value eg drop from 14 cents to 11 cents level, and osk have a huge "savings" of rm 1.5 million then something fishy really there, cause that trading only cause that lau qian maximum rm 0.5 million losses (so much so they can sell using account a and buy back using account b)

There are lot more issue to raise out of call warrant governance in Malaysia.

1. First is all issuers should use vwap instead of normal closing price.
2. They should disclose daily buy sell transaction info for every call warrant as what Hong Kong did.
3. Our present bursa system is we can know who is the seller that sell to us but we don know who is the buyer that buy from us but brokers know all this info. Such a non transparent information withdraw to the retailers is obviously bias and in favour of market maker and big guy but not us retailers.
4. Lot more other issues

osk .. King of Gan Chan [You must be registered and logged in to see this image.]

Obviously that "error transaction" point to so much coincident either directly or indirectly and can be construe as strong empirical evident to challenge oso in court.

The coincident are all happen same time which are follows
1. Buy order become sell order
2. The intention to "buy" such low price with so huge qty just moment before market close.
3. The order enter is just less than 10 seconds from match time which virtually caught everyone off guard and no time at all to respond and act.
4. The first commencing date of valuations of drbhcom-ce exercise price
5. The 1.95 sell down price is exactly drb ce exercise/strike price
6. This drb ce is calculated using average of daily closing price not vwap.
7. It is yet to know from osk the quantity of shares of drb ce that not with them, if qty of shares outstanding is more than say 17 million, this is another "coincident"


I advise those that kena can group together and go look for lawyer and bring this case to court.

first they eat ur money by dumping n pushing share to lower price when drb is moving up causing player to sell at much lower price than their entry price....



when they overdone it and know its too late to change anything they come with this kind of bshit

yaya,okb..You should not let it be.Try to get legalistic protection for unfairness happened regardless how complicated of procedure there is in order to avoid similar cases to occur in future.

This is not the first time but yet isnt the last time.

There are so much of skeptical issues in your drb-ce case like what max stated out.Therefore,dont let your money gone along the nasty and intended trick.

We all support you.