Does this sound right?, page-2

in a word....no... it doesn’t sound OK. The 27% after Tax sounds fine, but the fact that you cannot redeem your funds, makes the thing sound like an Italian brand of scooter; namely a Ponzi.
To my way of thinking, the funds should never have been committed to invest, until the minimum subscription had been received to conform with the prospectus for the float. That and the fact that a mere $6m only had been received really is a paltry amount and although the returns seem OK, one has to wonder what the management charges are and how they are levied. Does Karl say HOW the six mill was invested to get that sort of return ?
Me, I would be sending the most strongly worded letter I could to Karl, requesting the immediate return of my funds and sending a copy of same to ASIC.
if I was on this amusement ride,I wouldn’t find it amusing at all and like any ride that you stay on for too long, l can feel myself becoming quite ill......
I will be interested to see how this saga proceeds.........