$Grab Holdings (GRAB.US)$
Short sellers in Wall Street will remember Singapore because of GRAB. No defense at all. Anthony Tan doesn't care. Zhuge Liang's Empty City Strategy
Short sellers in Wall Street will remember Singapore because of GRAB. No defense at all. Anthony Tan doesn't care. Zhuge Liang's Empty City Strategy
Translated
$Grab Holdings (GRAB.US)$
Anthony Tan collected $ 4.5B from SPAC + PIPE and to him mission accomplished. He has money to burn for next 1-2 years. He doesn't care if the stock lost 20% on first day as GRAB. He doesn't care if retail shareholders suffer because believing in him who said Grab worth $ 40B. Did AGC, BlackRock & Temasek performed proper due diligence and valuation on Grab? This will tarnish Singapore's reputation as SE Asia fintech hub. After all,Temasek is a big sponsor of GRAB and paid $10 per share for PIPE.
Anthony Tan collected $ 4.5B from SPAC + PIPE and to him mission accomplished. He has money to burn for next 1-2 years. He doesn't care if the stock lost 20% on first day as GRAB. He doesn't care if retail shareholders suffer because believing in him who said Grab worth $ 40B. Did AGC, BlackRock & Temasek performed proper due diligence and valuation on Grab? This will tarnish Singapore's reputation as SE Asia fintech hub. After all,Temasek is a big sponsor of GRAB and paid $10 per share for PIPE.
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$Grab Holdings (GRAB.US)$
Regret that Anthony Tan said he didn't care on the 20% plunge in Grab's shares on first listing day post merger. He said he just wanted to celebrate. I would expect a CEO who has more empathy and care about the billions of dollars evaporated from shareholders' pockets. After all we are here because we believed his Company worths $40B. He should have calmed the market by giving assurance and positive statements. It's shameful to disappoint your shareholders on the very first day you came onboard. You owes everyone who bought your shares an apology!
Regret that Anthony Tan said he didn't care on the 20% plunge in Grab's shares on first listing day post merger. He said he just wanted to celebrate. I would expect a CEO who has more empathy and care about the billions of dollars evaporated from shareholders' pockets. After all we are here because we believed his Company worths $40B. He should have calmed the market by giving assurance and positive statements. It's shameful to disappoint your shareholders on the very first day you came onboard. You owes everyone who bought your shares an apology!
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