Below just highlights how some brokers may or may not have hidden agendas or at the very least just make claims that are unsubstantiated with fact and create panic.This applies to QMN and all stocks.Make your own decisions and go with that gut feeling.I pulled this from a post aka hooters put on the CDU thread.Hope he doesn't mind.
The relevant extract below !
"The Company has formally requested that Fosters Stockbroking provide the working data and the qualifications of the person or persons that made the statement and compiled the report. The report by Fosters Stockbroking was undated and did not contain the name of the actual author The qualifications of the author were not attached to the report. We believe that the report may have mislead some shareholders of CuDeco."
The Company will be on Monday requesting that the Australian Securities Investments Commission investigate the trading of the employees and the clients of Fosters Stockbroking since the release of the Resource Update and to investigate the person or persons that completed the analytical report including their qualifications and the data base and technical information that they relied on to come to the recommendations for shareholders of CuDeco to sell their positions.
Any shareholders of CuDeco that did dispose of their shareholding in CuDeco and made their decision based on the analyst report from Fosters Stockbroking of which the results were published in some major Australian Newspapers should email to [email protected] the number of shares sold, the number of shares prior to reading the Fosters Stockbroking Report and the balance of stock they hold. We would also request the losses that may have been incurred as a result of reading the report or the contents of the report in the National Newspapers.
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