new boy on the block, page-8

Just to give u a heads up about a previous post.

The directors and management of QGM are NOT corrupt.

The underwriters to the IPO (i.e. Martin Place securities) have propped up the price of this one upon listing, and have now slowly sold down.

I had previously applied for this IPO in Aaugust 2006, where I was told by the corrupt Barry Dawes (i.e. Martin Place Securities) that $3m of the IPO had already been taken up. I later confirmed 2 months later through one of the directors, that this was false, and the broker had lied and stuffed up the entire IPO process.

It must be remembered that this IPO originally asked to raise 6m, which was later reduced to 3m, and then they stated in the media that they were in fact over subscribed. A technical misquote.

I wish all the current holders well in the future.