It's common that some brokers and some company directors know very little about the businesses they promote. One heavyweight broker pitched 1PG to me in the middle of the $4.50 capital raising. He was absolutely adamant the stock was flying to the moon. $6 "official target price" was ridiculously conservative I was told. I politely told him to save the speech and don't treat me like a fool. Anyway, the stock is finished at sub 50c and it will never see $4.50 again in my opinion (unless they consolidate the stock 1 for 10....lol). Anyone with half a brain can make money in a bull market. Remember a broken clock is correct twice a day. Also remember that brokers don't really care about your capital. So long as they keep doing deals in bull markets and cop their 6% commission on capital raisings, they get to continue their long lunches and rah rah sessions.
