Home » Business » “SEC and SET Warn Investors to Be Cautious Before Trading STARK Shares Amid Financial Statement Delays and Internal Corruption Rumors”

“SEC and SET Warn Investors to Be Cautious Before Trading STARK Shares Amid Financial Statement Delays and Internal Corruption Rumors”

The Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand Come out to the chorus Warn investors to be cautious. Keep track of company information carefully. Before trading shares of Stark Corporation Public Company Limited or “STARK”

STARK shares have been approved for temporary trading. Between June 1-30, the Stock Exchange of Thailand’s criteria In which stocks with SP sign have been suspended from trading for 3 months, the SET will temporarily allow trading for 30 days in order to mitigate the impact on shareholders. But the stock must be traded in cash. or cash balance account And the stock price on the first day of trading went up and down 100% from the last closing price of 2.38 baht.

STARK was suspended from trading on March 1st. Due to not submitting the financial statements for the year 2022 on time and postponing several times By the last announcement, STARK executives informed that financial statements would be submitted by June 16.

under the condition that There must be no obstruction which means The problematic financial statements of this listed company May postpone further And will cause investors to have no information about the financial status and operations of the company. This is considered information that is important to stock trading decisions.

However, on May 30, between 3:30 p.m. and 4:30 p.m., STARK will open an information clarification to investors. Open to ask questions about the company. Through electronic media in the ZOOM system, which the SEC and the SET Accelerate public relations for investors to follow and listen. to bring information to support stock trading decisions on June 1

But how much complete information will investors receive from STARK? Will it be enough to make a decision to trade stocks or not?

Or clarification of STARK’s latest information and progress will be nothing but emptiness. There was no information or progress on the issue that all parties suspected. about internal corruption siphoning of property Including the damage related to the copper wire wind stock worth about 6 billion baht in the factory in Vietnam.

The SEC used to set a deadline within 7 days for STARK to clarify the progress of various operations. Facts of sales Accounts receivable Other related items Including group money transfers But the management of STARK claimed to have to wait for information from the financial statements for the year 2022, which have not yet been prepared.

Progress in operations and facts about entering and exiting money According to the SEC’s deadline for clarification within 7 days, it appears that the answer given by STARK has not made any progress.

So don’t expect The STARK executive came out to clarify the information via ZOOM on the afternoon of May 30, investors will have more information or have sufficient information to make a decision to buy or sell this stock.

Bad rumors about STARK flood the stock market. and general investors Assessed in advance that When do you open stock trading? The price immediately collapsed onto the floor. Even on the first day or June 1, the floor can be opened or can go down 100%.

Just wait and see how many floors STARK will drop.

Knock on STARK stocks on June 1st. Investors wishing to trade. like wielding a sword into battle But being sealed, will be completely blind on both sides. must decide on the imagination that

Will STARK survive or not, is the financial position left in ruins? Has the money been completely drained?

But the SEC and the Stock Exchange of Thailand The alarm has already been sent to the stock market. Trading STARK stocks must be extremely careful.

Because if you make the wrong decision will be ruined with STARK

2023-05-30 11:43:00
#Close #eyes #exchange #fists #measure #luck #knock #stocks #STARK #Sunan #Srichandra

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