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Valad is possibly another house of cards. They have expanded...

  1. Lefevre
    9,791 Posts.
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    05/02/08
    13:18
    Post #: 3321213
    Valad is possibly another house of cards. They have expanded quickly at the top of the market. High debt levels (with lots of mirrors) and rising interest rates in Australia and falling values overseas. They indicated they didn't need any capital and then they raise $200 million.

    Something smells !
    VPG Price at posting: 0.0¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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