Fresh in from the rumor mill...

So Informatics is most active today. And you think that's strange.

What's even stranger is that it's up 11.5 cents (35.9%), all the way to 43.5 cents, despite reporting (on Wednesday) a full year loss of...get this: more than double the amount disclosed by the company earlier! So it's losses are now a hefty 42.5 million!

What is up?!

"There is talk that Indonesian-born businessman Oei Hong Leong has bought Informatics, after several traders said local brokerage GK Goh, Oei's adviser during an earlier takeover in 2003, was among Thursday's buyers."

Dow Jones.

Hmm...and the plot thickens...*evil grin*

Why are people saying Oei Hong Leong has "bought Informatics"? Sure...he holds a majority stake, but he's a savvy investor who sticks his hand in everything he deems "worthy".

But according to a dealer at OCBC Securities, there's talk that he's just broken into the Chinese market for Informatics. In other words, he's helped them create inroads.

So it could really be this, coupled with GK Goh's buying into the stock, that's making people sit up and listen.

The situation now's pretty much like when Oei Hong Leong's name first came up in the whole Informatics game. So, accounting scandals aside, it seems like everytime the guy's name appears in connection with the computer school, the stock just shoots up!

So...hmm...several questions i need answers to here...:

1) what's the main driver of the rise in the stock price?

2) is oei hong leong's reputation so great that it could even pull people's attention away from EY's retraction of statement clearing senior management of wrongdoing, PwC's recent finds, the CAD's ongoing investigations and it's huge losses (though that could've been factored into the stock's earlier losses because of the PwC report already?)???

3) has the guy actually bought into Informatics? in an interview with terence several weeks ago, he thought that it could be a possibility in the future, but still a highly unlikely possibility.

4) Informatics has been trying to get more Chinese students on board...and oei hong leong's supposed to have made a major breakthrough for them in China...hmm...fact? documentation? announcements?

Dang...this is all too exciting for me. I wonder if I'd be able to sleep tonight...;)