Only something like 10% of speculative stocks ever go on to make themselves into a fully fledged profit making company. Therefore if Meercat just goes onto every spec stock and rubbishes it, then he will be right roughly 90% of the time just by default? Does that mean he knows what he is talking about? Well no it does not.
Ann: Notification of Final Acceptances and Appendix 3B, page-29
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