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Mitchum

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25/09/18

08:12

Post #: 35814710
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Originally posted by aniesbaswedan ↑

Stop quoting *,

How the micro-cap sector is built on hot air

https://www.copyright link/business/how-the-microcap-sector-is-built-on-hot-air-20180904-h14xjc

I suggests people read the article above and how promotion websites work.

To quote from parts of the AFR article:

"Small companies are paying thousands of dollars a month to be spruiked to investors via paid content as a new breed of promoters cash in on traditional retail brokers exiting the space, a trend that has prompted increased regulatory action by the Australian Securities Exchange.

StocksDigital, a Melbourne-based firm, is offering a package that promises an "immediate effect on market", or what's known in the industry as a "sugar hit".

"As you have experienced, once these articles go live, clients see immediate effect on market," an email sent to a potential clients explained.

StocksDigital is one of about a dozen operators including *, Bulls N Bears and enduring online forum Hot Copper that are competing to promote micro and small cap stocks to retail investors. They are an increasingly important channel to help raise capital....."

........

"...ASX is very alert to promoters using various social and other media platforms to 'promote' or 'pump up' stocks to which they're connected. And we're also alive to the issue of 'independent' research funded by companies themselves...."

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This type of spruiking is out of control.

SAS Price at posting: 5.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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News & Media, page-627

Top Stories

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

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