In early August 2013, we posted an article titled ‘Questions Surrounding Inovisi Infracom’. Back then share price of mobile solution company PT Inovisi Infracom (INVS) Tbk was around Rp2000, representing market value above US$1.5 billion. Weeks later the stock collapsed to as low as Rp470 in early November, but then rallied to Rp1825 in early April 2014 before steadily declining to Rp479 last week. This morning, the stock collapsed 10% to Rp540, but then closed off low at Rp580.

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