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clock Created with Sketch. 15/06/23
11:40
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Originally posted by Jac007:
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Fat Tail is an Investment Research publication, I have been a subscriber for a year and so far not a single prediction was successful. For exactly 3 months they relentlessly published an article "Son Of Fortescue" up to four times a day. Praising the unknown company and to release the company name asking $99. The company was ARU. Fat Tail never mentioned ARU explicitly, nor they recommended it. Obviously to me they have been paid handsomely by GL. The article appeared before the capital raising (CR). And of course CR was very successful. The amount of about $120mil was in company accounts. How long will it last? Less than a year as they spend around $45mil a quarter. And then what? All good news are gone. I estimated that GL spent close to $2 billion during his tenure of 18 odd years.Luxury housing, flashy cars, first class travel, paying investment houses to prop up a share price.
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Sounds a lot like some of the people posting on hot copper
(20min delay)