"What idiot in his right mind "INVESTS" in a one cents stock! Pleeeease!"
- maybe someone who takes the recommendation of a red-hearted poster on hotcopper who has a Long-Term Buy sentiment set for such a stock?!
some disasters in that list alright, & the shining star of course being Extract Resources. Now that's a very interesting story, Tuart Resources being the previous incarnation. Tuart Resources, with Martin Bennett from Lavan Legal as Chairman, did some dodgy deals, including one with the notorious convicted market rigger, Dean Scook. Refer to this article today in The Australian regarding Dean Scook http://www.theaustralian.news.com.au/story/0,24897,26179768-643,00.html
Tuart was made insolvent due to director's actions, and Steinepreis was involved in the phoenix which became Extract Resources. But surely u are not claiming Steinepreis is responsible for Extract Resources success? His involvement was purely in relisting the shell.
LRC Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
