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18/12/19
14:41
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Originally posted by LFM
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Don’t expect much better when the ASX is trying to be a “NASDAQ Down Under”.
https://ia.acs.org.au/article/2019/asx-to-launch-new-tech-index.html
Watch all the non investment grade startup crap start to float on the ASX. We can have our own dotcom bubble.
Already seen it happening with the poor quality tech floats on ASX recently. (eg. Big Un, Openpay, Life360, isignthis, Fineos, Whispir, etc)
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Yeah I went for years neatly avoiding all the ASX sh#tshows and then got done by BIG as well as this in the space of a year.
Winner winner chicken dinner.
Getting harder and harder to spot fraud on balance sheets that is for sure. If auditors can't do it then I reckon Joe Public has no chance.