Undisclosed Risk: Why are Guoco Group Employees Intentionally Manipulating and Devaluing Investment Holdings?What is Guoco Group Up to? Guoco Group (Internationally traded on the Singapore Stock Exchange) employees are intentionally devaluing and in some cases destroying their investment holdings. Is this some obtuse corporate strategy intended to artifically deflate the value of Guoco Stock in preparation for a huge buy back by Guoco Itself? Or are these the concerted actions of a few corrupt employees trying to manipulate the stock price without getting caught by their supervisors...or Singaporean regulators? Does Quek Leng Chan, Executive Chairman know what is being done in his name?
Molokai Properties Limited (a subsidiary of Guoco Group) installed executive Peter Nicholas, in his role as Molokai Ranch Manager has been ordering the destruction of trees, dissassembling the water system, once proudly maintained by Molokai Ranch employees, allowing the golf course to fall into disuse, cancelled leases on local shops and the only theater, and other activities which have the obvious localized effect of driving down the property values of not just the west end vacation condos that Molokai Ranch convinced wealthy mainland "investors" to previously purchase, but all of Guoco Group's investment holdings throughout the Hawaiian Island of Molokai.The first effect is being felt by west end condo owners that were sold the Molokai Ranch Dream, and have woken up to the nightmare of the declining property values of their home away from home, or just their smart investment. It is even worse for the west end condo owners that chose to actually live in their Molokai Ranch homes that now find themselves without a water system, living among a boarded up golf course, blockaded with cut-down palm-trees, with a thirty minute drive to the nearest town...
The real question obviously though is, if you own Guoco stock, is this the time to buy more, hold it, sell short, or sell, Sell, SELL???
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