The ways of the USFDA are inscrutable and put in peril the fate of Pharma stocks. One stock saw its fortunes surging after a clean-chit. However, the fortunes will now plunge because the clean-chit is withdrawn. Traders are caught in the whipsaw and are crying foul at their mega losses
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Porinju Veliyath Slams Promoter For ‘Shady Attitude’ & ‘Tormenting Minority Investors’
Porinju Veliyath is famous for his skirmishes with unscrupulous promoters. He has now targeted the promoters of one of his all-time favourite stocks and slammed them for displaying a “shady attitude” and “tormenting minority investors“. He has also alleged that the lenders may be party to a “conspiracy to loot shareholders“
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