Hoosier's note: When Blumont was trading at around 9 cents and the banks kept forced selling the shares of Blumont owned by some of its Directors, I questioned why the SGX didn't stop the banks from selling the Blumont shares in the market.
I have also said repeatedly, at least at one Public Forum, that the value of Blumont should be ZERO!
Today, Blumont closed at S$0.001 (the next lower bid is ZERO) and I think I can safely claim that my prediction came true!
So, remember this,
"when a share has fallen 90% in price, it can fall ANOTHER 90%"