STURDY INDUSTRIES - FOOLING INVESTORS ??

Earlier I have recommended an AVOID on Sturdy Industries mainly because of my Skepticism on the management of this company.Today they have informed BSE that the company dropped their plans to issue

preferential allotment of warrants to promoter and non promoter category. Just before this ,company announced an allotment of preferential warrants to some FII's and later cancelled this decision too. Hope the promoters and related parties offloaded maximum shares after announcing such positive development to poor retailers . These types of promoters are many in our market .SO BEWARE...

CHEATING - THE NEW METHODS !!!!!!!!!

In any bull markets ,promoters of fraud companies are inventing new methods to lure retail investors into their stocks.This is to make their exit easy by creating liquidity on the cost of poor retailers . Even the mandatory filing requirements  to stock exchanges are used  for this purpose ,which is really alarming . In this bull market ,BSE has revoked the suspension of many small companies.Majority of such companies were suspended for many years and revocation of trading is really helping retail investors (who caught in previous bull markets)to exit from such dead companies.In reality , intention of promoters in most of  such cases are not helping others but to exit themselves. Let us take case of a company which is re-listed today -VIRGO GLOBAL MEDIA formerly known as ONLINE MEDIA LTD. In the filing of basic details to BSE ,company has provided the name of two websites  as its own (1) http://www.onlinesolutions.com/ and (2) http://www.owens-minor.com/  . When we digging into it ,it is clear that both these address have no relation with the company and these are the web addresses of two foreign companies.It is clear that company is purposefully trying to mislead the investors by filing wrong data to BSE. In a circular by BSE on 04/08/2010 company informed that they have no website and it is only under construction.It is sad to see that even stock exchanges with or without knowledge, helping fraud companies in their efforts to cheat retail investors ,by including wrong details in their official website without proper verification .TO SAVE REATILERS FROM THESE TYPE OF FRAUDS , STOCK EXCHANGES SHOULD  COLLECT HUGE  PENALTY FROM THESE TYPES OF FRAUD  COMPANIES.