Thank you very much for organizing the activities at the Speakers Corner yesterday. I was there. In fact, on Page 4 of today’s Zao Bao captured me in the center as the only guy with a smile listening to you – a smile only Chinese can understand because it is called a bitter smile:-(
I particularly like your idea of setting up the sign posts for similar investors to get together. I think you have done a great job in helping people who were misled – down to the details of getting a lawyer who is willing to do an affidavit for very little money.
After your speech, I led an impromptu discussion there with a group of at least 50 people to see if we could find volunteers to work on a safety net besides (and complements) the complaint/legal main route. What I meant is I would love to see we have similar work in progress like in Hong Kong – meaning their MAS, Financial Institutions and MiniBond investors are working together towards selecting a buyer who can return 60 cents (or more) to the investors. It seems like Hong Kong is progressing faster than Singapore in this regard – but I believe we can catch up if we put in more resources.
I am willing to help and so are a few people I talked to. How can we help?
I know we have representative who met with MAS along the line of petition and misled. I don’t know mindshare is given to the buyback alternative – and if so, would be great to publicize in the newspaper or something because I feel really sorry for a lot of the folks there who lost their life time savings.
I am one of those that heard Mr Patrick discussed with several at Hong Lim last Sat. I believe they can contribute very positively to our cause and I hope Mr Tan Kin Lian and Patrick can link up together.
Dear Mr. Tan:
ReplyDeleteThank you very much for organizing the activities at the Speakers Corner yesterday. I was there. In fact, on Page 4 of today’s Zao Bao captured me in the center as the only guy with a smile listening to you – a smile only Chinese can understand because it is called a bitter smile:-(
I particularly like your idea of setting up the sign posts for similar investors to get together. I think you have done a great job in helping people who were misled – down to the details of getting a lawyer who is willing to do an affidavit for very little money.
After your speech, I led an impromptu discussion there with a group of at least 50 people to see if we could find volunteers to work on a safety net besides (and complements) the complaint/legal main route. What I meant is I would love to see we have similar work in progress like in Hong Kong – meaning their MAS, Financial Institutions and MiniBond investors are working together towards selecting a buyer who can return 60 cents (or more) to the investors. It seems like Hong Kong is progressing faster than Singapore in this regard – but I believe we can catch up if we put in more resources.
I am willing to help and so are a few people I talked to. How can we help?
I know we have representative who met with MAS along the line of petition and misled. I don’t know mindshare is given to the buyback alternative – and if so, would be great to publicize in the newspaper or something because I feel really sorry for a lot of the folks there who lost their life time savings.
Thanks,
Patrick
Mr Tan Kin Lian, Mr Patrick,
ReplyDeleteI am one of those that heard Mr Patrick discussed with several at Hong Lim last Sat. I believe they can contribute very positively to our cause and I hope Mr Tan Kin Lian and Patrick can link up together.