This company is just another example of the biggest red flag...

This company is just another example of the biggest red flag among ASX listed companies. The lesson to be learnt for all future considerations is that if ever you are thinking of investing in a company and it continually gets referred to only by the founder's name then run a mile.

For years here we heard "Nick will do this" or "Nick will take care of it" or "don't you think Nick wants this to succeed?" etc. etc. When a company is all about one person then this is almost universally the end result. There's money to be made along the way for sure as these companies will always have unexplained peaks that you can sell into but be very careful not to get emotionally invested like some of the posters here who sunk massive amounts into it and then refused to see the danger signs. They got greedy and got caught.

I got caught also trying to get in and out but thankfully only a small amount, unlike some folks who dropped hundreds of thousands from their super funds in here. TV2 is a cautionary tale - learn from it or be doomed to repeat the same mistakes with the next shiny thing that comes along.