Stock Manipulation
Stock Manipulation: Noble Explochem

Despite no business activity since 2006, in just over a year, the price of Nobel Explochem shot up by 1235%

 

Established in 1982, Noble Explochem (Noble) was a leading manufacturer of nitro-glycerine-based explosives. In April 2004, the government prohibited the possession, sale and use of nitro-glycerine-based explosives, leading Noble to discontinue its manufacturing activities. The company, then, ventured into new business activities but was unable to make profits. The promoters offloaded their stake in the following years reducing it to around 15% from 65%. In November 2006, Noble stopped all business due to financial crisis and labour unrest. The defunct company has incurred losses in the past 10 financial years and the total net worth is eroded. In July 2011, the Board for Industrial and Financial Reconstruction (BIFR) declared Noble as a sick industrial unit. Despite nil revenues, the stock has attracted trading interest. Astonishingly, in just over a year, the price shot up by 1235%, to Rs6.81 on 15 September 2014 from Rs0.51 on 23 August 2013. Since then, the price has dropped by 32% to Rs4.66 on 3 February 2015; yet, it is up 814% from its low in August 2013. But the regulators don’t find this suspect.

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A Future for Homeless Street Children
Snehasadan strives to provide every child on the street a home filled with love
 
Home, sweet home! Every child needs it for love, care and nurturing and every orphan and street child yearns for it. Snehasadan, a non-government organisation in Mumbai, has provided such care, and a future, to over 40,000 street children over the past 52 years. 
 
The best testimony to its work is the inspiring story of Amin Sheikh—a street child who has become the proud owner of a travel enterprise and a published writer. Amin says that his life changed from the day he entered Snehasadan, thanks to the love and nurturing he received. His book, the story of his life—Bombay Mumbai: Life is Life, I am Because of You—was published in January 2013 and his goal is to set up a restaurant that will give a break to those like him.
 
How did it all start? 
Troubled by the large numbers of street children who lived on pavements and railway stations around Andheri (a Mumbai suburb), a Spanish priest, Fr Ricardo Frances, in the year 1962, began to invite them into his home in the evenings and offer them shelter for the night. The boys belonged to different castes and backgrounds. The one thing they had in common was that they were on their own, on the street, through difficult circumstances.
 
In 1985, it gained national recognition. President Zail Singh presented Fr Placido Fonseca, director Snehasadan, the 1985 National Award for Child Welfare. Snehasadan now runs 16 homes for orphans and street children.
 
The reason for Snehasadan’s existence is clearly spelt out by Father Placido Fonseca as follows: “On the streets children are exposed to every vile and filth that a city offers and they are easy victims. Many of them are minus an arm or a leg, while moving in and out of running trains. Several die and no one cares. Their numbers are increasing as more and more children pour into the city. They have different needs—some of which have to be met soon. They are our tomorrow, and only if we can respond to their need, lift them off the street and give them a reason to live their life, can I say that I have done my duty. To achieve this, none of us is as strong as all of us. If we put our hands, hearts and heads together I am sure Mumbai will be different because of us.”
 
Rehabilitation in Snehasadan includes housing, education, career counselling and, finally, marriage. Vartharaj’s story is an example of how beautifully this works! He was just 11 when he entered Snehasadan in 1966. He completed his schooling and went on to do a course in welding. He then married Shakuntala, also a Snehasadan child, in 1987. He became a house parent within Snehasadan in 1994. He and his wife and two daughters now care for 10 homeless children.
 
According to Snehasadan staff, donations by cheque (in favour of “Director Snehasadan”), cash or kind are welcome. It is eligible to accept foreign donations and all donations can be made online. Donations in kind could include eatables, groceries, toiletries, study materials, clothes, gifts, toys, computers, utensils, furniture and electrical items. Volunteers are also welcome for teaching and personality development of children growing up in Snehasadan.
 
Finally, information about street children is also useful to Snehasadan staff. Railway staff work in conjunction with Snehasadan staff in providing information to vulnerable children, so that they can start living in Snehasadan.
 

 

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Athletic Greens’ supplement claims & disclaimer
Over-the-top weight-loss claims abound in this ad for a dietary supplement powder
 
We’re big fans of Grandma. So when we came across this ad on foxnews.com claiming to reveal an octogenarian’s weight-loss secret, we had to click (we’re also big fans of secrets).
 
The ad brought us to a page that told the long-winded story of an 87-year-old personal trainer who “could keep up with anybody in the gym.” Her secret? A cocktail of three so-called “superfoods” — carrot powder, green tea extract and cocoa — that sent grandma’s energy levels “through the roof and any excess fat she had would just melt away.”
 
But as remarkable as granny’s story sounds, it’s actually part of a sales pitch for Athletic Greens, a dietary supplement powder that by no coincidence has the same three superfood ingredients as grandma’s cocktail. Indeed, the writer is paid by Athletic Greens. It’s all spelled out in this disclaimer at the bottom of the page, which also states:
Representation regarding the efficacy and safety of Athletic Greens have not been scientifically substantiated or evaluated by the Food and Drug Administration.
 
Grandma’s story is further sullied by the fact that purchasing Athletic Greens automatically signs you up for future shipments that’ll cost you more than $100 a month if you don’t opt out of the program within 30 days. As my grams used to say: Geez, Louise!
 
Consult with your doctor before taking any supplement.
 
For more of TINA’s coverage on weight-loss claims, click here
 

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