Clownquest, Blue Freeway , Photon, roll ups of rubbish companies using debt, spin and hype. A few more out there no doubt.
There used to be a website and magazine called f**ked company Website used to list these companies as they blew up in the dot com era. Not sure if it is still going but had plenty of examples of clowns throwing parties and burning shareholders money.
Anyone remember Spike? Spike raised 50m and blew it all in a couple of years achieved revenues of about 600k and a huge party in LA which was great fun , I sold mine on the listing day and got out with a small profit , within a week it was off 40 per cent These clowns remind of Spike,
CQU Price at posting:
1.5¢ Sentiment: Sell Disclosure: Held
