We’ve been reliably told that the South Pacific Stock Exchange in Fiji was ordered by it’s junta to remove FHL’s suspension asap or else they will be victimised.
The order was directed by FHL’s deputy chairman, Colonel Aziz Mohammed, to avoid further embarrasement to FHL’s board.
Questions were also relayed to the SPSE on what queries they raised with FHL on their corporate governance audit report but sources say they have not been able to obtain a response to those questions.
Closer scrutiny of the Stock Exchange public announcement reveal a toothless organisation operating on the whims of its illegal military regime, a warning sign to stock exchange players that Fiji’s South Pacific Stock Exchange is a compromised stock exchange that is also turning out to be Frank & Co’s many zoo.
You think the FHL $190million BP buy-out bull was a blunder?
Ethical commercial beings will bow out graciously from their position of trust when something as big as the FHL $190 million stuff-up happens in their watch.
Not so for Frank’s FHL cronies who have confirmed that they are only there to destroy indigenous Fijians flagship in commerce pushing it to go under.
Which brings us to the conclusion that Fiji’s publicly listed companies like FHL, Fiji’s capital market and stock exchange is nothing but a sham!
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