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Tumbleroll

3,495 Posts.

10/08/16

20:24

Post #: 18489794
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Originally posted by JandJ ↑

As I promised I will dump some more crap and unsavoury truth on this thread - even though it is my largest hold.

I draw attention to the article in todays Australian p29 referring to an ASIC report on mal-practice by investment banks and brokers, specifically wrt IPOs but easily extrapolated to placements to soph investors and retail raisings.

Put bluntly many of these banks and brokers are dogs and are rogues and crooks and none are worse than the North American dicks such as Bank Nova Scotia who has already been dobbed in by its co-conspirator Deutsch Bank (in a plea bargain to a NY court) as criminals who held the price of PMs down for years.

This is the financial crap we are dealing with and which our company to its endless shame is tucked away in bed with.

Eventually, as with Olympic dopeing all will out, but although the crooks will get a mighty rap on the knuckles they will still walk away with fortunes in wealth which should have been shared by blokes like us.

If we get a three bag here it should have been twenty.

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At the end of the day everyone involved in this has an interest in a higher share price though, right? So 'they' want to keep the SP down to manage a lower entry price or accumulate a larger portion (assuming this is what's happening, IDK) at some point the fundamentals will shine through and the price will gravitate towards fair value. This is my assumption anyway.

AZS Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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