hello c2, i am not following the story except being an occasional and casual observer making some observations from experience, and note hkmex seem to have been hit by a confluence of happenings
(i) mainlanders are gullible and many fall prey to financial scams of one sort or another, and enough involve laughably ridiculous, funnily amateurish, and totally wild financial instruments - i occasionally get ask about the veracity of some seeming good fortune opportunity
common sense pierces most of the opportunities
sense of the outlandish pops the remaining
examples
- various 'nigerian' opportunities offered up in hk by ... nigerians
- marcos gold in swiss alps
- japanese wartime loot in the philippines
- 1 million dollar us treasury notes
- bearer instruments of various flavors
- ... etc etc
- factoring, trade a/c instruments, etc
(ii) hkmex, while sounding like a good idea, was not truly sanctioned and lacked clients, even as it was seemingly backed by credible backers
(iii) hkex purchase of lme (london metal exchange) was probably smartly sanctioned and astutely backed
(iv) for hkmex to go up against hkex / lme was probably unwise, especially as the latter would be developing various products aligned w/ sanctioning authorities and against that of hkmex
(v) coupling a bunch of coincidences to a bunch of other confluences, add a dash of gold money down, dash a flavor of some mainlanders either attempting a fraud involving some absurdly flimsy fake bank instruments or were taken in by such, and a whisper to the police by some politically motivated whisperer
we now have a mish mesh cluster ^%$#3)(*& that is not worth a minute of even a rainy day
nothing to look at except political theatre that i am guessing would lead to nowhere and do so relatively quickly
hong kong does not dawdle
cheers, j |
