R!TTER Posted February 3 Share Posted February 3 8 minutes ago, coffee_rules said: Why not Clintons, Obama and Biden? Of course them too & they are part of the system, it's the same here with - Nehru, Gandhis, Lalu, Mulayam, erstwhile CM Jayalalita et al. coffee_rules 1 Link to comment Share on other sites More sharing options...
coffee_rules Posted February 3 Share Posted February 3 Stock went up ₹500 today. Any idea why? @ravishingravi @rangeelaraja Link to comment Share on other sites More sharing options...
Khota Posted February 3 Share Posted February 3 47 minutes ago, Under_Score said: From the link below The Indian stock exchanges halted trading in five other listed Adani firms after their stock crashed by the daily limits set at 5% and 10%. They included Adani Total Gas and Adani Green Energy, ventures in which TotalEnergies (TTFNF) of France has invested. The French energy giant described its $3 billion exposure to Adani as “limited” in a statement on Friday, adding that it welcomed Adani’s intention to appoint one of the Big Four global accounting firms to conduct a “general audit.” Adani Group declined to comment. https://www.cnn.com/2023/02/03/business/adani-shares-hindenburg-hnk-intl/index.html Pakistan will stop terrorism before Adani lets a top four accounting company see his books. Until and unless he has CFO take the fall for him like Trump. Under_Score 1 Link to comment Share on other sites More sharing options...
Khota Posted February 3 Share Posted February 3 12 minutes ago, coffee_rules said: Stock went up ₹500 today. Any idea why? @ravishingravi @rangeelaraja This is what happened: On Friday, shares of Adani Enterprises, the group’s flagship firm, fell as much as 35% in Mumbai. They recovered most of those losses to close down 2%, bringing the cumulative fall to almost 55% since the allegations surfaced 10 days ago. Link to comment Share on other sites More sharing options...
Khota Posted February 3 Share Posted February 3 5 hours ago, R!TTER said: SEC can't prosecute jack, it's the DoJ which presses charges & convicts! They don't do the criminal prosecution. The financial stuff they handle. Routinely impose fines in 100's of millions of dollars. Link to comment Share on other sites More sharing options...
R!TTER Posted February 3 Share Posted February 3 (edited) 53 minutes ago, Khota said: They don't do the criminal prosecution. The financial stuff they handle. Routinely impose fines in 100's of millions of dollars. They can impose fines but likes of Madoff being in jail is also up to the DoJ, the enforcement, in these civil cases, will still be entirely upon DoJ & that's pretty much a political thing as you saw in the last few decades! SEC can at best ban these people from the markets & maybe limit their roles in the company, again the enforcement is totally contingent on how the DoJ presents their cases - remember they (fines or prison sentences) can always be appealed in a court of law of as well. Edited February 3 by R!TTER Link to comment Share on other sites More sharing options...
ravishingravi Posted February 3 Share Posted February 3 1 hour ago, coffee_rules said: Stock went up ₹500 today. Any idea why? @ravishingravi @rangeelaraja Mainly because they got a positive word from rating agencies on their existing borrowings. So. It has got battered by 3/4th of it value. If one has a 3 year horizon, buyers will start looking buy. Plus there isn’t much share out there to sell off. In fact that’s been the biggest mystery in the market. Who is selling these shares if there are barely 10% public share holders. Honestly what’s happening with Adani shares is beyond our pay grade. This being played at multiple levels with many in-house parties, rivals, globalist and Soros involved. I wouldn’t touch Adani share till next three quarters. It’s not longer got anything to do with business. coffee_rules 1 Link to comment Share on other sites More sharing options...
Khota Posted February 3 Share Posted February 3 1 hour ago, R!TTER said: They can impose fines but likes of Madoff being in jail is also up to the DoJ, the enforcement, in these civil cases, will still be entirely upon DoJ & that's pretty much a political thing as you saw in the last few decades! SEC can at best ban these people from the markets & maybe limit their roles in the company, again the enforcement is totally contingent on how the DoJ presents their cases - remember they (fines or prison sentences) can always be appealed in a court of law of as well. Yes but they go out of way to protect the market. If SEBI is serious about protecting the interests of India, they should force an auditor on Adani. Hell will freeze over before that happens. Link to comment Share on other sites More sharing options...
R!TTER Posted February 3 Share Posted February 3 Right so like I said part of the system & hence very little will happen to Adani. Link to comment Share on other sites More sharing options...
SM2907 Posted February 3 Share Posted February 3 Under_Score and Khota 1 1 Link to comment Share on other sites More sharing options...
R!TTER Posted February 3 Share Posted February 3 14 minutes ago, Khota said: Yes but they go out of way to protect the market. Slight correction I'd like to do with that - the SEC & even DoJ would like the perception of fairness/justice being served to even the most powerful, but reality doesn't always match that! So long as the vast majority accede to this make believe world the US, much like India or 99.99% of the nations out there, will continue to work as they have for the last 250 odd years! Link to comment Share on other sites More sharing options...
rangeelaraja Posted February 3 Share Posted February 3 2 hours ago, ravishingravi said: Mainly because they got a positive word from rating agencies on their existing borrowings. So. It has got battered by 3/4th of it value. If one has a 3 year horizon, buyers will start looking buy. Plus there isn’t much share out there to sell off. In fact that’s been the biggest mystery in the market. Who is selling these shares if there are barely 10% public share holders. Honestly what’s happening with Adani shares is beyond our pay grade. This being played at multiple levels with many in-house parties, rivals, globalist and Soros involved. I wouldn’t touch Adani share till next three quarters. It’s not longer got anything to do with business. Do not know how this user got access to futures short sell trades and cannot vouch for this. But it is being said that the shorts were covered this Friday for a massive profit of 800 million dollars. Under_Score and ravishingravi 1 1 Link to comment Share on other sites More sharing options...
Khota Posted February 3 Share Posted February 3 1 hour ago, R!TTER said: Slight correction I'd like to do with that - the SEC & even DoJ would like the perception of fairness/justice being served to even the most powerful, but reality doesn't always match that! So long as the vast majority accede to this make believe world the US, much like India or 99.99% of the nations out there, will continue to work as they have for the last 250 odd years! Once again SEBI is not same as SEC. Heads would roll if it was SEC and we are looking at extended prison terms. Link to comment Share on other sites More sharing options...
Khota Posted February 3 Share Posted February 3 1 hour ago, R!TTER said: Right so like I said part of the system & hence very little will happen to Adani. Is that OK? Link to comment Share on other sites More sharing options...
rangeelaraja Posted February 3 Share Posted February 3 4 minutes ago, Khota said: Once again SEBI is not same as SEC. Heads would roll if it was SEC and we are looking at extended prison terms. Dude you are clueless. Don’t pretend to know something when you know jackshite about how SEC operates. High profile Activist hedge fund managers come in day in day out on various prime CNBC programs including squawk box and try and influence the market to benefit their highly concentrated very short term bets. SEC turns a blind eye to all this naked attempts at manipulating the market. S Under_Score 1 Link to comment Share on other sites More sharing options...
Khota Posted February 3 Share Posted February 3 26 minutes ago, rangeelaraja said: Dude you are clueless. Don’t pretend to know something when you know jackshite about how SEC operates. High profile Activist hedge fund managers come in day in day out on various prime CNBC programs including squawk box and try and influence the market to benefit their highly concentrated very short term bets. SEC turns a blind eye to all this naked attempts at manipulating the market. S Oh the wise one then you explain. All I know last person Hindenberg report accused of wrongdoing is doing jail time. Link to comment Share on other sites More sharing options...
Khota Posted February 3 Share Posted February 3 Adani has really hurt India. Adani's crisis is casting a cloud over India — and it could benefit China, which is just reopening after 3 years of COVID isolation Adani's crisis is casting a cloud over India — and it could benefit China, which is just reopening after 3 years of COVID isolation (msn.com) Under_Score 1 Link to comment Share on other sites More sharing options...
coffee_rules Posted February 3 Share Posted February 3 13 minutes ago, Khota said: Adani has really hurt India. Adani's crisis is casting a cloud over India — and it could benefit China, which is just reopening after 3 years of COVID isolation Adani's crisis is casting a cloud over India — and it could benefit China, which is just reopening after 3 years of COVID isolation (msn.com) Says a certain “Huileng Tan” diga 1 Link to comment Share on other sites More sharing options...
Khota Posted February 4 Share Posted February 4 1 hour ago, coffee_rules said: Says a certain “Huileng Tan” Deflection Link to comment Share on other sites More sharing options...
SM2907 Posted February 4 Share Posted February 4 Adani parivar aur unke bhakton ke aaj kal ke shabd - "Upar Uth hi nahi raha hai..............................................................stock dikara stock.........." Under_Score and Khota 2 Link to comment Share on other sites More sharing options...
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