ezzra Posted June 23, 2023 Share Posted June 23, 2023 Alarming news on mega proportions that should be in the headline but somehow we don't hear about it: https://www.news.com.au/finance/economy/world-economy/thai-companys-99-crash-triggers-alarm/news-story/cb8c9a22bf5b09fced7cde810c34e09f Link to comment Share on other sites More sharing options...
scubascuba3 Posted June 23, 2023 Share Posted June 23, 2023 Sounds very dodgy, prior to collapse valued 2-3 baht only 1 Link to comment Share on other sites More sharing options...
Pink Mist Posted June 24, 2023 Share Posted June 24, 2023 Troll post removed 1 Link to comment Share on other sites More sharing options...
sammieuk1 Posted June 24, 2023 Share Posted June 24, 2023 I stopped reading the article at accounting scandal enough said ???? 1 1 Link to comment Share on other sites More sharing options...
save the frogs Posted June 24, 2023 Share Posted June 24, 2023 Tangkaravakoon transformed the media and publishing company into a manufacturer of electrical wires That's the problem right there! 1 Link to comment Share on other sites More sharing options...
bignok Posted June 24, 2023 Share Posted June 24, 2023 Good news perhaps Link to comment Share on other sites More sharing options...
Popular Post Skipalongcassidy Posted June 24, 2023 Popular Post Share Posted June 24, 2023 Why is this alarming or surprising... corruption is not new to Thai business ventures... it is ever more becoming the tradition. 1 1 1 Link to comment Share on other sites More sharing options...
Lacessit Posted June 24, 2023 Share Posted June 24, 2023 AFAIK high tech has always been high risk, which is why I have never invested in the sector. Some people have made a lot, others have lost out. OTOH, I have never lost money buying and selling precious metals - gold, silver, and platinum. 1 1 Link to comment Share on other sites More sharing options...
Pink Mist Posted June 24, 2023 Share Posted June 24, 2023 Another attempt to troll the OP and move it off-topic has been removed. Continue and you will be suspended from posting. 2 Link to comment Share on other sites More sharing options...
Foxx Posted June 24, 2023 Share Posted June 24, 2023 1 hour ago, Lacessit said: AFAIK high tech has always been high risk You appear to be confusing Stark Corporation (a Thai wire manufacturer) with Stark Industries (a company owned and run by Tony Stark a.k.a. Iron Man). Only one of these could be considered "high tech". 1 1 Link to comment Share on other sites More sharing options...
FritsSikkink Posted June 24, 2023 Share Posted June 24, 2023 2 hours ago, Lacessit said: AFAIK high tech has always been high risk, which is why I have never invested in the sector. Some people have made a lot, others have lost out. OTOH, I have never lost money buying and selling precious metals - gold, silver, and platinum. How is an electrical cable high tech? 1 Link to comment Share on other sites More sharing options...
BritManToo Posted June 24, 2023 Share Posted June 24, 2023 Old news, Stark was in the news 1-2 months back, about to default on huge amounts of money. 1 Link to comment Share on other sites More sharing options...
chalawaan Posted June 24, 2023 Share Posted June 24, 2023 27 minutes ago, FritsSikkink said: How is an electrical cable high tech? Another one of those companies that did everything correctly, and have their licences in order, Herr Fritz? Hello from the coffee shop of Thai business reality, you can have my old barstool, you'll probably need a strong drink! Link to comment Share on other sites More sharing options...
Lacessit Posted June 24, 2023 Share Posted June 24, 2023 48 minutes ago, FritsSikkink said: How is an electrical cable high tech? AFAIK fibre optic cables are. 1 Link to comment Share on other sites More sharing options...
Foxx Posted June 24, 2023 Share Posted June 24, 2023 16 minutes ago, Lacessit said: AFAIK fibre optic cables are. Glass blowing dates back to the 1st century BCE. Hardly new or innovative. And definitely not high tech. Link to comment Share on other sites More sharing options...
steven100 Posted June 24, 2023 Share Posted June 24, 2023 is this where the saying ' in stark reality ' comes from Link to comment Share on other sites More sharing options...
Sandboxer Posted June 24, 2023 Share Posted June 24, 2023 (edited) Re-naming a company (2019) after a "cool" Marvel entity (even semi-copying the logo) shows a level of infantile that is scary even for Thailand. Thailand's SBF. Wish I was 10 years younger, back then I would've had the nuts (and foresight) to short the living crap out of this goldmine of delusional dreams in a timely manner. Edited June 24, 2023 by Sandboxer Link to comment Share on other sites More sharing options...
Lacessit Posted June 24, 2023 Share Posted June 24, 2023 39 minutes ago, Foxx said: Glass blowing dates back to the 1st century BCE. Hardly new or innovative. And definitely not high tech. I doubt glass fibre goes back that far, and certainly not to the rigid specifications required for relaying light 100 km. The glass has to be extremely pure, which makes it high tech. As I worked in the glass industry in a technical capacity for four years, I think I know more about the subject than you do. Link to comment Share on other sites More sharing options...
Foxx Posted June 24, 2023 Share Posted June 24, 2023 6 minutes ago, Lacessit said: As I worked in the glass industry in a technical capacity for four years, I think I know more about the subject than you do. Doubtless you know more about glass blowing than I do. However, you do appear not to understand the meaning of "high tech". Fibre optics is little more than a modern version of copper wires. Not high tech. Link to comment Share on other sites More sharing options...
Plern Posted June 24, 2023 Share Posted June 24, 2023 Looks like a scam. "Penny stock" billion dollar company. What's wrong with this picture? Drops one baht = 50% perspective. "Cables" not necessarily high tech. Anyone read about this IN Thailand news? More interesting. How did they ever get those loans approved? Shares and and bonds just a suckers gambit Link to comment Share on other sites More sharing options...
spidermike007 Posted June 24, 2023 Share Posted June 24, 2023 We rarely read about this kind of thing here in the local papers, as the news seems to be highly censored, and bad news like this does not appeal to the generals, who are trying very busy to maintain the image of Thailand. Truth is not important. Only face. Link to comment Share on other sites More sharing options...
tgw Posted June 24, 2023 Share Posted June 24, 2023 3000 employees is "huge" huh ? Link to comment Share on other sites More sharing options...
h90 Posted June 24, 2023 Share Posted June 24, 2023 Thailand is one of Australians closest neighbor? Link to comment Share on other sites More sharing options...
Lacessit Posted June 24, 2023 Share Posted June 24, 2023 29 minutes ago, Foxx said: Doubtless you know more about glass blowing than I do. However, you do appear not to understand the meaning of "high tech". Fibre optics is little more than a modern version of copper wires. Not high tech. Read my post again. What does the term "extremely pure" mean to you? Link to comment Share on other sites More sharing options...
Ralf001 Posted June 24, 2023 Share Posted June 24, 2023 4 hours ago, Lacessit said: AFAIK fibre optic cables are. AFAIK Stark only do copper. Link to comment Share on other sites More sharing options...
Lacessit Posted June 24, 2023 Share Posted June 24, 2023 2 hours ago, Ralf001 said: AFAIK Stark only do copper. Permit me to doubt a tech company only does copper, that's a commodity. Link to comment Share on other sites More sharing options...
Ralf001 Posted June 24, 2023 Share Posted June 24, 2023 2 minutes ago, Lacessit said: Permit me to doubt a tech company only does copper, that's a commodity. I can find no reference to Stark doin Fibre optic cabling.... only copper. Link to comment Share on other sites More sharing options...
digbeth Posted June 25, 2023 Share Posted June 25, 2023 20 hours ago, spidermike007 said: We rarely read about this kind of thing here in the local papers, as the news seems to be highly censored, and bad news like this does not appeal to the generals, who are trying very busy to maintain the image of Thailand. Truth is not important. Only face. It's all over Thai social networks, no even the national TV news on multiple channel for weeks, What local newspapers do you read? if you don't read Thai and only rely on print like the Bangkok Post that's your problem Link to comment Share on other sites More sharing options...
spidermike007 Posted June 25, 2023 Share Posted June 25, 2023 3 hours ago, digbeth said: It's all over Thai social networks, no even the national TV news on multiple channel for weeks, What local newspapers do you read? if you don't read Thai and only rely on print like the Bangkok Post that's your problem And believe me, it is likely the most minor problem I have! Link to comment Share on other sites More sharing options...
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