Considered By Stock Exchange There Is Promotion Of NETV Shares By Influencer And CEO Of Stock Science Belvin Tannadi, Net TV Management Opens Voice

JAKARTA - The management of PT Net Visi Media Tbk opened their voices to questions from the Indonesia Stock Exchange regarding the NETV stock show action by the influencer and CEO of PT Ilmu Saham Indonesia, Belvin Tannadi.

The Exchange suspects that there is a promotion and publication program promoting NETV shares by Belvin.

Answering the Exchange's question, Net Visi Media's Corporate Secretary Ferry confirmed that his party did not communicate with Belvin, who has the @belvinvvip Instagram account. Ferry also said that the company has never collaborated with the media or influencers in promoting NETV shares.

"There is no affiliation between the public figure and the company, the company group, the board of directors, commissioners, controlling shareholders, or the company's main shareholder," Ferry wrote, quoted Monday, February 21.

In addition, said Ferry, the company also does not use financial advisor services in preparing and carrying out the initial public offering of shares.

In fact, Ferry said that his party did not have information regarding the price increase that occurred in NETV shares.

As is known, NETV's shares have been steadily rising since they were first traded on January 26 to February 2. From the IPO price of IDR 196, NETV's shares shot up to IDR 640, up 226.5 percent within 5 trading days.

At that time, the Belvin influencer had uploaded his prediction that NETV shares could record an increase to auto rejection (ARA). In fact, Belvin has also held live Instagram trading for NETV shares several times.

Even so, NETV's shares did not always match Belvin's predictions. Since February 2, NETV's shares have continued to fall to the level of IDR 428 on February 9. After that, NETV shares rose again to IDR 735 on February 16 before finally continuing to fall since February 17 until today to the level of IDR 605.

Especially after NETV's shares were monitored by the Exchange due to unusual market activity (UMA).