CI1 0.00% 11.0¢ credit intelligence ltd

Ann: Trading Halt, page-67

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,429 Posts.
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    Mauombo, CI1 used the words "firm commitment". Firm is clearly not firm.

    How much money has been lost by punters this week who took the company at their word ?

    And how much has been made by shorters in Hong Kong and Singapore who knew it would fall over ?

    It's a scam.

    And the sad thing is that companies like this do it again and again. Forget the core business: management make bucketloads not by the fundamentals of the operation, but by deception that enables them to line their own pockets.

    A hypothetical: management short 20 million shares at 5 average, buy them back at 3 average, and put $400K in the kick in a week or so.
 
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