Sale of BNI shares

Sale of BNI shares

From Bisnis Indonesia

PT Danareksa Director Glenn M. Yusuf stated that priority is
given in the sale of BNI shares to investors who can afford to
buy one lot only (Bisnis Indonesia, Nov. 6).

PT Danareksa had previously made statements to the contrary.
It said that one form could be used for applying for more than
one lot, and each lot would get a number for the lottery.

I went to a sales agent at the Jakarta Stock Exchange and
bought 100 lots on one form only, in the hope of receiving the
promised 100 numbers for the lottery.

I would like to ask Mr. Yusuf how he could know for certain
that one applicant for shares is limiting himself to buying just
one lot and does not fill out other forms? It is generally known
that photocopies of the application form circulate widely,
obtainable at a price of up to Rp 3,000 each. What prevents the
same person from applying for hundreds of lots, using one
photocopied form for each lot?

Is it justified for the director of a company the size of PT
Danareksa to make a misleading statement to the community? If so,
where can we get accurate and truthful information?

IRFAN Z. HABSJAH

Jakarta