Masterclass on how to pump up a stock, page-38

The biggest problem this stock had was the pre IPO term sheet that got the seed investors all excited was nothing like the IPO prospectus.

2 examples, they never knew someone of Erik's pedigree would be running things in Asia Pacific, director ok but not senior management. And what ever happened to the Luxembourg government tipping in $5.5m of the $11m raise??

So they felt cheated and bailed. And so far it appears that was a wise decision.