bpmigas is forced out, page-6

Lets not forget that this was announced in Indonesia last week BEFORE they came out with the news that the final portion of the cap raise is underwriten.

Hence Gus knew about this BEFORE he agreed to personally sub underwrite the offer. Hence he is aware that he could end up personally having to take a good chunk of the shortfall IF there was one.

I also had a few emails from Gus on Thursday.
In the first one I asked him if this will affect us, to which he replied :

"No, all granted licenses remain valid and fall under the Ministries authority until they sort out whatever issue they need to."

It says as much in the Jakarta Post article as well.


I bought another 2m oppies on Friday. And have substantial orders on the buy side after Fridays Purge.

Kiril.

I hold.