India's Prime Focus seeks buyer


#1

Quote:
"
Shares of Prime Focus, a visual effects maker for films and advertisements, rose 5% to Rs 37.30 Monday on buzz a foreign private equity fund was buying stake in the company’s wholly-owned subsidiary Prime Focus World.

It is learnt that the company has appointed Macquaire to find buyers for Prime Focus World, which provides visual effects to and 3D conversion for Hollywood movies like ‘Star Wars’ and ‘Titanic’.

"

http://articles.economictimes.indiatimes.com/2013-06-11/news/39899616_1_pe-investors-billionaire-investor-rakesh-jhunjhunwala-standard-chartered-private-equity


#2

This will be interesting to see the outcome. I had a lot of friends that used to work for them when they had acquired Frantic Films. Needless to say, none of them work there anymore. :wink:


#3

First thing that came to mind: Pump and Dump
http://en.wikipedia.org/wiki/Pump_and_dump
“Pump and dump” is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme “dump” their overvalued shares, the price falls and investors lose their money. Stocks that are the subject of pump and dump schemes are sometimes called “chop stocks”.[1]
While fraudsters in the past relied on cold calls, the Internet now offers a cheaper and easier way of reaching large numbers of potential investors.[1]

Not saying it’s true but it does make one wonder.


#4

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