Yes, they did miss the point. I'm a process & governance person. A change of editor should not result in a 360 degree shift in a recommendation in a relatively short period of time. That investors may have bought the stock on the recommendation of "buy up to 10c" straight after the capital raising only for ASCI to slap a "sell for 2.4c" several weeks later is unethical and should be not be determined solely by a new editor - there should be a company process to change a recommendation. For all we know, someone at ASCI may have wanted out and pumped up the stock with a buy recommendation, which has cost investors who bought the stock on ASCI's initial buy recommendation. I have not renewed my subscription which expires at the end of the month. I did receive their weekly email and was disgusted at their attempt to justify their sell recommendation. I know ASIC is a toothless tiger but I'm almost tempted to formally complain to them, if nothing else to put the wind up ASCI. They don't deserve to get off lightly.
IVX Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)