机构

We piece together disclosures by 4 listed companies in the Enigma Network to reveal a pseudo-fund which held a single 55% stake in a social media company, posing new questions for the regulators.

Sometimes, all you need to tell a story is a picture.

What the announcement doesn't say: each of 10 participants, including 4 "consultants", gets options equal to 1% of the existing issued shares, exercisable for 1 year. A similar 10% grant (then 59m shares) was made 10 months ago, on 10-Jun-2016. All of those options were exercised 26 days later, diluting existing shareholders.

The announcement doesn't state that each of 10 participants, including 5 "consultants", gets options equal to 1% of the existing issued shares.

Another GEM stock buys a broker.

The HKICPA sanctions the audit firm and its director, but fails to disclose the listed company involved. We'll tell you who it was.