According to past practice, April 30 means that the annual report season has officially passed, and the ST and delisting will come to an end temporarily.
In addition, at the end of last week, there were 3 companies that were suddenly ST because of financial fraud and suspicious information disclosure, which is already outrageous.
But even more outrageous is yet to come - this weekend, 2 more were ST, and another 1 was placed under investigation.
1. There are 3 more thunderstorms
Specifically:
First, a certain Thai chemical. The total market value is 12.8 billion, and the actual controller is the State-owned Assets Supervision and Administration Commission of Xinjiang Uygur Autonomous Region, with a state-owned background, but the financial fraud was ST.
Second, a certain Rui technology. Zhejiang state-owned background, participated in false business, and there were false records in the 2020 annual report, which was ST.
Third, a Tun mining. With a total market value of 16.2 billion, the financial information in the annual report was inaccurate for two consecutive years, and it was formally investigated.
Image source: related company announcements
According to the past practice, once it is ST, basically 10 down limits to start.
Among the investors also suffered heavy losses.
As I wrote with you some time ago, "I'm afraid! I don't dare to buy it indiscriminately", a certain asset-light software company that I have paid attention to, a certain Jiang Technology, was nothing abnormal before, but it was suddenly ST, a giant hammer of 20% every day, and it fell to the point of despair.
Source: iFind; As of May 20, 2024
There are also a few I have bought in a light position before, but I soon found that the goodwill is too high, the accounts receivable are too high, and I can't sleep well, and I quickly stop the loss and clear the position.
For example, a certain iron stock, whose main business is to make high-speed rail seats, I thought I would make a living. But it soon found out that the goodwill was outrageous, and the stop loss ran the next day.
Later, it was first ST, and now it has been officially delisted.
Source: iFind; As of May 20, 2024
Second, self-thunderstorm active ST, delisting?
The book is back to business.
Last week, 3 were ST, and this week 2 were ST plus 1 financial fraud was filed.
3 a week, 6 a week, can you imagine the future? How many problems have accumulated before, and how many will be ST and plummeted in the future?
Will ST and delisting be addictive in the future?
Speaking of this, I suddenly had some very bad associations: Is there a huge interest hidden in ST and delisting?
In fact, some similar counterfeiting companies may be more willing to be ST and delisted than to continue to hang......
Because since the listing, the money they can circle (IPO, private placement, reduction of holdings, etc.) has already been received, and the benefits of continuing to maintain the listing are very small. On the contrary, it has to painstakingly fabricate performance, audit financial reports, and be checked by regulators.
Looking at the current situation of being ST and delisted: there is nothing to compensate investors, but they have to bother to find a lawyer to defend their rights, and it will take two or three years to deduct the lawyer's fees, leaving only a meager compensation.
As a result, some self-thunderstorms, took the initiative to ST, and delisted.
As a result, the market has formed a new and perfect closed loop: listing at a high price, continuing to increase the circle of money, cashing out in a big way, and then delisting at an ultra-low price!
How terrible would it be if this became the market ethos?
Suddenly, Uncle Dong's roar in "Icebreaker" came to mind, "Tell me, where is my money?" ”
3. Light thunderstorms do not lose money, how different from robbery
In my opinion, there is nothing wrong with removing black sheep, demons, and fraudulents, but the problem is that the investor compensation system has not kept up.
Whether it is ST or delisting, the punishment must really fall on the counterfeiter. For example, the actual controller of the company, the auditor, the law firm, the sponsor of the brokerage.
It is not the company's fraud, but the money in the circle is gone, and small and medium-sized investors suffer unjustified disasters.
Therefore, as long as factors such as financial fraud are ST and delisted, let the major shareholders repurchase at the issue price! In the past, the reduction of holdings also had to be taken out and repurchased!
You can't go public at a high price, delist at a low price, and confuse the past......
Look at the old beauty on the other side:
If you take the initiative to apply for delisting, you should bid to repurchase it from investors. Privatization or restructuring merger and delisting are also subject to buyback from investors. As for the forced delisting for fraud, the company will compensate investors with all its assets, and will be fined a huge amount of money and sentenced to prison.
In fact, there have been similar compensation cases in China before!
For example, the financial fraud listing of a crystal storage was first set up by the brokerage sponsor to set up a 1 billion yuan compensation fund. 16,986 investors, or 97.2% of the injured investors, were compensated, with a total of 1.086 billion yuan in compensation.
Image source: related company announcements
Obviously, there are similar cases in the near future, but most of the other financial frauds have been ST and delisted, why not proliferate.
At the end of the article, I would like to summarize with you:
At present, the punishment of counterfeiters in China is obviously insufficient, and there is even an obvious loophole of delisting without compensation, which is exploited by people with malicious intentions.
Issued at a high price and delisted at a low price, this closed loop is simply amazing......
It is expected that the compensation mechanism will be established as soon as possible, otherwise the light thunderstorm will not lose money, which is no different from robbery.
Of course, let's not look for trouble, knowing that there are tigers in the mountains and prefer to go to the tiger mountains. Only by staying away from similar risks can companies be the most proactive. Corresponding styles such as small and micro caps can also be allocated to related index funds.
In addition, when investing in equity assets, you also need to do a good job of matching stocks and bonds, which can optimize volatility and experience.
We have also screened the list of excellent bond funds for you, and kicked me in the background to get the list.
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Disclaimer: The content of this article is based on public information research and does not constitute investment advice. Investors should make prudent decisions and bear risks independently.
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