BSE Should Not Turn Into Ponzi Scheme

Opportunities include among others, raising millions and millions of cash for growth. There is also no denying that during such a process, it is cashing time for investors in the would-be-listing company, leaving the directors millions of Pula richer as investment funds and ordinary share-buyers plough in their cash.

While there is definitely nothing wrong with the rich getting richer, listing on the bourse just for the sake of it should not be encouraged. For the sake of our investment funds and ordinary locals desperate to plough their cash, listing on the local bourse should be governed by strict code of ethics and corporate governance that guard against fly-by-night corporations who would turn the opportunity and calls for listing into a cash cow  at the expense of the investors.