We have had a poster say that QIN is a Ponzi scheme
24668745. To me a ponzi scheme is like our pensions where money has been contributed, gov. spend it elsewhere, and current taxpayers foot the bill, and pensioners complain that they are not receiving enough.
If this is a ponzi scheme, can Nanood please explain, how the shareholders have contributed 228 mil according to the FY 2016 report. There are 400 mil shares, thats a contribution of 50c per share. Even if they sell at these prices they would only have lost 20c. If the books are to be believed, the NTA is about $1.20
This does not sound like a ponzi scheme to me.
IMO
