The Guyana Securities Council (GSC) and the Guyana Stock Exchange Inc have both declined to comment on complaints raised by Banks DIH over the movement in its share price.
Representatives from both, while requesting to remain unnamed, have said to Stabroek News that they have chosen not to publicly address the assertions put forth by Banks DIH.
This development follows a public expression of concern by Banks DIH. In a letter dated June 4th addressed to the GSC, Banks DIH highlighted a significant decrease in its share price from $300 per share in March 2022 to $115 per share in May 2024, despite a notable increase in revenue and profit over the period from 2019 to 2023. The company expressed bewilderment at this discrepancy and raised concerns about potential irregularities in trading activities.