SEC pending issues

Sikander Ahmed, Niketon, Gulshan-1, Dhaka
After months of down slides, the market swung up this week but down it went again today (Wednesday, 1 June). The small investors can only hope and wait as we, the hostages to the big players and controllers pray for relief. Following issues have now been pending for months without any sign of action. 1. Dividend for June 2010 of Padma Oil stuck up without trading on the Exchanges. 2. IPO of Mobil Jamuna was held months ago but there is no sign of listing. 3. Right Shares of a dozen companies are in line without any activity to approve. 4. IPOs of another dozen are also in line without any action as no IPOs of any worthwhile company has been floated to ease the market over the last 3 months.