About a year later, Think Environmental, which had changed its name and formally ditched its business of environmental engineering to gold mining, became what was known as LionGold Corp. This time around, Gwee bought shares in the company.
The first time Dick Gwee Yow Pin heard John Soh Chee Wen talk about the prospects of gold mining company Think Environmental in late 2011, he felt Soh was trying to buay koyok. The way Soh described sand-panning for gold did not impress Gwee and a couple of other brokers present.
The phrase, which means “selling ointment” in Hokkien, carries the same negative connotations as “selling snake oil” and is used in the trading community to describe someone who is trying to pump up interest in a stock with an exciting investment story.
