Publicly listed Fijian Holdings Limited bizarre dealings have no doubt brought disrepute to Fiji’s capital market.
The manner in which FHL board and management have mis-led the public with their overly ambitious BP South West Pacific acquisition gah gah is now a proven lie.
Dictator Frank Bainimarama no doubt played a major role in this phenomenal stuff up of the year.
His direct intereference in ordering the wholesale sacking of FHL’s previous board and management should have immediately pulled Fiji’s capital market emergency gear into full throttle.
No individual should be allowed to exert his/her illegal influence in any capital market and coupster Frank Bainimarama is no exception to the rule.
So where and what exactly did Fiji’s capital market watchdog (Capital Market Development Authority) do to safeguard not only the FHL shareholders but Fiji’s stock exchange and capital market?
Sweet eff all!!!
We think their (CMDA) silence and inaction is a major injustice to all individuals and corporate entitites who are part of Fiji’s capital market.
How they’ve allowed FHL board to manipulate and take the public for a ride with their BP acquisition bullcrap reflects negatively on the integrity of Fiji’s capital market in general.
The FHL bluff have shown to the world that Fiji’s capital market is really a circus of dumb asses, controlled by one tyrant pupeeter called Frank, who has absolutely no idea how to run the show.
And what a put-off for potential investors thinking of raising capital in Fiji’s capital circus market!
