Whore Jinx is fucking useless. How can she lose money playing her own company shares?

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An honorable member of the Coffee Shop Has Just Posted the Following:

10 years ago, Temasek in a "brilliant" moved decided to spend $1.57 billion and pay $2.80 a share for the remaining 70% shares it did not own of NOL. By some minor miracle not all the common shareholders decided to take whore Jinx up on her offer. I am sure they are kicking themselves now for that. In any event, only 38.7% of the other shares were bought by Temasek, boosting their holding from 30% to 68.64%. Lets remember that is NOL, a GLC and a Temasek Holdings company. Today, just over 10 years later, the NOL stock price has plummeted to just over $1 per share and Temasek is in the process of selling off this money loser, which at one time was the national flag carrier of singapore. Its incredible to believe that in a controlled economy with a market maker like Temasek, Whore Jinx can still lose money on an investment that she could easily have manipulated. Its not like some foreign companies like Shincorp, or ABC Learning, or Bank of America came in and cheated/conned WHore Jinx into buying them and then cause her to lose tons of money. This is a self inflicted wound that cost the taxpayer over $1 billion.

How did it get to be this bad at NOL? Well, first, you take a 40 year shipping industry veteran that you had running NOL (Flemmings Jacob), and then you fire him because he would not kiss Temasek's ass and por lumpar. Maybe in Denmark where he comes from, merit and ability gets you to the top. But He forgot that he was not in Copenhagen anymore and in singapore, paper degree and ass kissing ability gets you to the top. In any case, you get rid of Jacob in 2003, and do you put in another 40 year shipping expert to replace him? If you are Whore Jinx, Of course not!! instead, you put in former Minister David Lim to be CEO in place of Jacob and you put garment maker Cheng Wai Keung (also vice chair of the PAP's china folly Suzhou Industrial Park) to be his boss as Chairman of the Board of NOL.

Whore Jinx then follow this stirling examples of fucked up appointments by further replacing David Lim with ex SAF Arty General Ng Yat Chung and with his boss being Whore Jinx's husband Gay Loong's first cousin, Kwa Chong Seng as Chairman. Today after 2 changes in CEO and Chairman after Jacob left, you have the result you see now. A share price of $1.06 and Temasek desperately looking around for buyers to what was once a national treasure. Thank you WP for not raising this. There is no better proof then this example of NOL to prove to the people of singapore that scholars cannot run businesses, that the PAP makes poor choices, and that Whore Jinx is a fuck useless asset manager. God Help US ALL.


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