The fact remains that all significant strides in consumer law protection under corporate law and regulations of any kind have arisen due to angry consumers whose companies HAVE lied,wilfully misrepresented, been fraudulent or engaged in reckless business conduct at the expense of shareholders.
It may well be that many small caps with their high risks, glossy brochures and constant up market announcements accompanied by the self interested recommendations of the Motley Fools may attract more inexperienced less cynical
amateurs. To eliminate this category of investor is hardly productive the answer though! That s why there are requirements on disclosure etc.
I agree that every investor has personal responsibility to fully understand their own analytical weaknesses in a choice but
think it totally good for the market that they be able to rely upon certain company documentation and to expect certain conduct and complain like hell if this goes all wrong because of this.
The list of investors in this company goes well beyond unwise people . Bear that in mind.
QIN Price at posting:
29.5¢ Sentiment: None Disclosure: Held