is australian stock report bad

What do you guys think of Australian Stock Report's claim on their returns?

There's an article in:
Beware of “Australian Stock Report”
http://inspiriting.com/ContrarianInvestorsJournal/?p=189

ASR seems to be using highly aggressive sales tactics to drive people into subscribing into their tip-sheet. Also, that article picked out some dishonest calculations in their 'performance measurement'.

If ASR is that good (as they claim to be), why don't they start their own hedge fund? With such kinds of 'returns' they will be the top-performing hedge fund in the world and money will pour in. IMHO, if they are that good, a hedge funds business will be far more lucrative then selling tip-sheets!