Thanks for that! It is a scarey situation when research analysts are paid to write reports as a purely marketing exercise. Deceptive practice.
Wonder if Wise-Owl ever updated that report and view after the half year result or even after the announcement of near on $1m worth of irregularities in the accounts. If so, you would have to think these guys need to make it a condition of allowing companies to publish their reports that they also publish any updates to it...
One thing I have learned over the years is that when a research report is written on a micro-cap company, it is nearly always because they have engaged a broker to help them raise more funds. Always look for motivation.
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