S A M Trade Asia Pte. Ltd. (SMFX)

[exisnet]

SAM Trade growing fast; possible Singapore Authorities put the breaks on SAMTrade (ST) Brokerage to investigate wrong doing since they were operating without a License (Singapore). Note: Back in July Singapore MAS warned ST not to take on new clients. My understanding there's no mention of ST license being revoked in Australia.

Investors buying during this uncertainty could be buying into a stock with x100 potential if the investigation turns out to be clean. Investors could lose it all if the investigation proves criminality or it's possible Investors stay intact with the Shell surviving.

Still waiting to hear what they are charged with. It could be said the "law" has caused a run that can't be covered that wouldn't have happened otherwise.

GIB Capital is passing Samtrade FX’s ASIC license as its own

Following the freezing of its operations

posted an “FAQ” statement