Status: Closed — this petition is no longer accepting signatures.
Final supporters
- All retail investors are disgusted and disappointed by LOLC group's methodology to hoodwink the minority shareholders through the purported amalgamation of NIFL and LOFC.
- Investors are likely to lodge a complain to the SEC, CSE and Central Bank regarding the manner in which LOFC & NIFL amalgamation is valued.
- LOLC group to-date has not declared any dividends to its shareholders but continue to inflate its earnings and share price through unknown foreign investments and unverified earnings backed by organised price manipulation.
- More than 30,000 retail investors and their investments are affected.
- LOLC Group's cross holdings and unrealistic price movements is a cause for concern for both investors and regulators.
- Majority of LOLC Group Companies have reported losses during the quarter ended 30th Sep 2022.
- Ishara Nanayakkara remain to be the richest person in Sri Lanka.
LOLC සමූහය විසින් ආයෝජකයින් රැවටීම
- LOLC සමූහයේ NIFL සහ LOFC ඒකාබද්ධ කිරීම හරහා සුළුතර කොටස් හිමියන් රැවටීමේ ක්රමවේදය පිළිබඳව සියලුම සිල්ලර ආයෝජකයින් පිළිකුලට හා කලකිරීමට පත්ව සිටිති.
- LOFC සහ NIFL ඒකාබද්ධ කිරීම අගය කරන ආකාරය සම්බන්ධයෙන් ආයෝජකයින් SEC, CSE සහ මහ බැංකුව වෙත පැමිණිලි කිරීමට ඉඩ ඇත.
- LOLC සමූහය මේ දක්වා එහි කොටස් හිමියන්ට කිසිදු ලාභාංශයක් ප්රකාශයට පත් කර නැති නමුත්, නොදන්නා විදේශ ආයෝජන සහ සංවිධානාත්මක මිල හැසිරවීම් මගින් අනුබල දෙන තහවුරු නොකළ ඉපැයීම් හරහා එහි ඉපැයීම් සහ කොටස් මිල ඉහල දැමීම දිගටම කරගෙන යයි.
- මෙම LOLC ක්රියා කලාපය නිසා ආයෝජකයින් 30,000 කට වැඩි පිරිසක් සහ ඔවුන්ගේ ආයෝජන බලපෑමට ලක්ව ඇත.
- LOLC සමූහයේ හරස් හෝල්ඩින්ග්ස් සහ යථාර්ථවාදී නොවන මිල චලනයන් හේතුවෙන් ආයෝජකයින් සහ නියාමකයින් යන දෙපාර්ශයම කනස්සල්ලට ලක්ව ඇත.
- LOLC සමූහයේ යටතේ ක්රියාකාරී වන බොහෝ සමාගම් 2022 සැප්තැම්බර් 30 න් අවසන් කාර්තුව තුළ පාඩු වාර්තා කර ඇත.
- ඉෂාර නානායක්කාර තවමත් ශ්රී ලංකාවේ ධනවත්ම පුද්ගලයා ලෙස රැඳී සිටි.
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Updates
January 20, 2023
The feedback from retail investors keeps coming in and the stories about these suspicious valuations are infuriating. I am currently finalizing a formal complaint for the Central Bank and our regulators. Log into your Facebook account and post a link to this petition to get more people looking at these market practices.
January 20, 2023
This sudden surge of support proves that retail investors are done being ignored. Text this link to three friends who hold shares and tell them it is time to demand accountability from the regulators.
60 Comments
Associated Motor Finance PLC (AMF) was amalgamated with Arpico Finance PLC (ARPI) without any manipulation by the majority owners. SEC and CSE should take immediate action and suspend LOFC trading until merger is completed.
I’m very disappointed as share holder of LOFC N .all acquisitions are made unfair way to minority shareholders of Lofc
Check the NAV of both shares, how can justify 1 to 55 ratio, this is not ethical at all
This a white collar crime by manupulation of share price by LOLC group. CSE must look into this matter.
On 18th Jan i had NAV 6,915,000 worth shares but IN robbed Rs. 2,265,000 NAV on very next day. Now i have only 4,650,000 worth NAV for same share
Hidden hands in the amalgamation process. Minority share holders are at the loosing end.
Unreal and unethical
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Share this petition to help it reach more people.
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Status: Closed — this petition is no longer accepting signatures.
Final supporters
- All retail investors are disgusted and disappointed by LOLC group's methodology to hoodwink the minority shareholders through the purported amalgamation of NIFL and LOFC.
- Investors are likely to lodge a complain to the SEC, CSE and Central Bank regarding the manner in which LOFC & NIFL amalgamation is valued.
- LOLC group to-date has not declared any dividends to its shareholders but continue to inflate its earnings and share price through unknown foreign investments and unverified earnings backed by organised price manipulation.
- More than 30,000 retail investors and their investments are affected.
- LOLC Group's cross holdings and unrealistic price movements is a cause for concern for both investors and regulators.
- Majority of LOLC Group Companies have reported losses during the quarter ended 30th Sep 2022.
- Ishara Nanayakkara remain to be the richest person in Sri Lanka.
LOLC සමූහය විසින් ආයෝජකයින් රැවටීම
- LOLC සමූහයේ NIFL සහ LOFC ඒකාබද්ධ කිරීම හරහා සුළුතර කොටස් හිමියන් රැවටීමේ ක්රමවේදය පිළිබඳව සියලුම සිල්ලර ආයෝජකයින් පිළිකුලට හා කලකිරීමට පත්ව සිටිති.
- LOFC සහ NIFL ඒකාබද්ධ කිරීම අගය කරන ආකාරය සම්බන්ධයෙන් ආයෝජකයින් SEC, CSE සහ මහ බැංකුව වෙත පැමිණිලි කිරීමට ඉඩ ඇත.
- LOLC සමූහය මේ දක්වා එහි කොටස් හිමියන්ට කිසිදු ලාභාංශයක් ප්රකාශයට පත් කර නැති නමුත්, නොදන්නා විදේශ ආයෝජන සහ සංවිධානාත්මක මිල හැසිරවීම් මගින් අනුබල දෙන තහවුරු නොකළ ඉපැයීම් හරහා එහි ඉපැයීම් සහ කොටස් මිල ඉහල දැමීම දිගටම කරගෙන යයි.
- මෙම LOLC ක්රියා කලාපය නිසා ආයෝජකයින් 30,000 කට වැඩි පිරිසක් සහ ඔවුන්ගේ ආයෝජන බලපෑමට ලක්ව ඇත.
- LOLC සමූහයේ හරස් හෝල්ඩින්ග්ස් සහ යථාර්ථවාදී නොවන මිල චලනයන් හේතුවෙන් ආයෝජකයින් සහ නියාමකයින් යන දෙපාර්ශයම කනස්සල්ලට ලක්ව ඇත.
- LOLC සමූහයේ යටතේ ක්රියාකාරී වන බොහෝ සමාගම් 2022 සැප්තැම්බර් 30 න් අවසන් කාර්තුව තුළ පාඩු වාර්තා කර ඇත.
- ඉෂාර නානායක්කාර තවමත් ශ්රී ලංකාවේ ධනවත්ම පුද්ගලයා ලෙස රැඳී සිටි.
Updates
January 20, 2023
The feedback from retail investors keeps coming in and the stories about these suspicious valuations are infuriating. I am currently finalizing a formal complaint for the Central Bank and our regulators. Log into your Facebook account and post a link to this petition to get more people looking at these market practices.
January 20, 2023
This sudden surge of support proves that retail investors are done being ignored. Text this link to three friends who hold shares and tell them it is time to demand accountability from the regulators.
60 Comments
1st CLC & Lofc pump & dump purposely 2nd bad effect to crash ASI Jan 2022 3rd book unrealistic profit through the clc 4th again cheating investers through the LOFC & NIFL amalgamation
Associated Motor Finance PLC (AMF) was amalgamated with Arpico Finance PLC (ARPI) without any manipulation by the majority owners. SEC and CSE should take immediate action and suspend LOFC trading until merger is completed.
I’m very disappointed as share holder of LOFC N .all acquisitions are made unfair way to minority shareholders of Lofc
Check the NAV of both shares, how can justify 1 to 55 ratio, this is not ethical at all
This a white collar crime by manupulation of share price by LOLC group. CSE must look into this matter.
On 18th Jan i had NAV 6,915,000 worth shares but IN robbed Rs. 2,265,000 NAV on very next day. Now i have only 4,650,000 worth NAV for same share
Hidden hands in the amalgamation process. Minority share holders are at the loosing end.
Unreal and unethical
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1st CLC & Lofc pump & dump purposely 2nd bad effect to crash ASI Jan 2022 3rd book unrealistic profit through the clc 4th again cheating investers through the LOFC & NIFL amalgamation