“The prosecution’s case has always been that LionGold has been a penny stock. LionGold was never a penny stock. It was destroyed into a penny stock,” said Soh. With all the gold-mining assets it had acquired, LionGold could not claim to be a penny stock, he added.
Photo of John Soh Chee Wen: Bloomberg
John Soh Chee Wen does not see himself as the alleged mastermind behind the manipulation of penny stocks Blumont Group, Asiasons Capital and LionGold Corp in 2013 as described by the prosecution and its witnesses.If there were any allegations of manipulations, they were in the form of “good stories” or narratives that drove LionGold’s share price, said Soh.
