@Mom88
This statement about Animoca's unaudited reports being accurate is a complete falsification!
Are you deluding yourself because of fear of loss or are you intentionally trying to re-write history and mislead others?
For companies that have built-up shareholder trust over a number of years through transparent governance and timely info, then as a general rule of thumb, unaudited reports can be used to inform investment decisions. However, there are plenty of unscrupulous companies (both listed and unlisted), who's word - in the form of unaudited accounts - is not worth sh*t.
As investors in Animoca, we do not - and I would argue should not - simply place trust in a leadership team that has failed to keep us informed. Trust has to be earned. Can anybody honestly say that Animoca has earned our trust?
Yat's interview with Small Caps, for example, is a red flag for me. Why is the company wasting OUR money on this type of spin? Why is OUR employee's (Yat) time being wasted on this trash? I'd much prefer Yat and co to spend an hour drafting an email to all shareholders to update us (what has been achieved, what is still be resolved, what will be achieved in the near future etc).
We all create our own realities, but when these bear little resemblance to external realities, we are much more likely to make extremely costly investment mistakes.
![](https://hotcopper.com.au/attachments/image-png.3008575/?temp_hash=b56112641509da68b998b80fc7ea8581)
Above excerpt is from the updated edition of Ned Davis' book, which is a great resource for anybody seeking to learn about market timing using objective indicators.
Many investors create a comforting reality, which presupposes that they are "right". I'll stick with what Ned Davis advocates, remain critical, and reflect and own up to my past investment mistakes, as I pursue the goal of "making money".