The Financial Sector Conduct Authority this week published its regular report that lists probes into insider trading and share manipulation.
The FSCA is focusing on trade in the Ayo shares in May and June, and it is easy to see what might have raised eyebrows. City Press has analysed JSE records to show that Sekunjalo has by far been the largest buyer of Ayo shares since June, despite the fact that it is indirectly the major shareholder of Ayo to begin with.
This back and forth trading, alongside share purchases by Sekunjalo as well as Survé’s financial services company 3 Laws Capital, means that the set of related parties have, to a large extent, determined the share price of Ayo.
Some of us have been waiting for this for a year already. It's not rocket science, and yet it seems miles beyond the mighty JSE. Why ?
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Ayo’s cash conundrum – can it pay back PIC billions?Ayo Technology Solutions will in all likelihood be unable to repay the R4.3 billion it got from the Public Investment Corporation (PIC) in a controversial investment in December 2017. 😮 Then surve must sell all his companies...PAY BACK DA MONEY😡😡😡😡😡 Amazing how we now talk of billions as it is small change. Thanks ANC😳
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