Haha I am a law school dropout, but very much who I say I am ;)...

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jacinkoland

383 Posts.

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19/07/17

04:14

Post #: 25944399
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Originally posted by Marla ↑

Jack a bit concerned that u r not a roaming free spirited musician but a Glaucus or law firm stooge!!!! The Glaucus report was shite.
The non disclosure by FW and Santalis CEO was shite. But the basic business model minus options, was laid out bear to see for all of us as were all their capitalization decisions and purchases.
What we could not grasp was the whole income expenditure risk profile. We relied on analysts ,the financiers ,major investors to do that. Blame rests at many levels .

As I said this maybe an unworkable model. The difficulty selling new lots, results in expense and risky put terms etc. It also increases likelihood of exaggeration of return and non disclosure to not discourage new investing.

I knew the basic model but thought this company could eventually not need that dependency as badly. I can see the path to getting to that stage is fraught now.

Time will tell.

It's not over.

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Haha I am a law school dropout, but very much who I say I am
I must disagree with you here, though I like your writing and comments
I would often go back to buy more TFC, and as my holding got bigger and bigger, I would check and check the company documents to confirm I wanted to buy more (it was already my biggest holding)
That monthly China contract, bringing in cash, was one of the main reasons I was purchasing (we all know the harvest story etc)
It's not an unfortunate error to neglect to mention the contract ending
It's a corporate crime

QIN Price at posting: 29.5¢ Sentiment: Sell Disclosure: Not Held
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Haha I am a law school dropout, but very much who I say I am ;)...

Top Stories

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

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