How do I rate the Glaucus reports?

Having read the Glaucus report (purportedly not intended to be directed at Australian investors), I would characterise this as little more than a blog, which has been dressed up as a glossy research report full of cut and stick exhibits and deductions.

It seems incredulous a) that an unlicensed party is able to make the representations it has, through effectively publishing this in Australia; and b) that market sentiment can be so easily influenced to turn from 'greed' to 'fear'.