At the time of the JCrap report somebody stated JCrap produced these reports on assignment from third parties. It begs the question who paid JCrap to produce its report. Maybe, the same party that fed it the distorted information.
The short and distort attack didn't work, in part because NEA were able to produce the half yearly results to debunk the JCrap report.
Now we appear to have legal proceedings commenced the day after NEA provides its market update. Looks like it was targeted so that NEA couldn't respond with a positive market update.
These actions appear to be from a very worried competitor and not from someone who thinks they have a strong case.
NEA Price at posting:
$2.36 Sentiment: Buy Disclosure: Held
