A placement ...surprise surprise ...( how predictable ) everyone knows you can only do placements when the stock is running ...and at a discount to the market value ...well naturally ...thats how you keep the subscribers to the placement happy.
From the point of view of GCN .... it pays a few more bills and buys a bit more time .
You might like to do a bit of past research on SSI and their track record of choosing and backing winning projects and / or business partners :
Ask about :
1. China Constructions and the deals that went down there ..... everything lost ( despite massive forcasts of upside )
2. Canada land : These guys were going to be major suppliers of concrete to the 3 dams project , as well as big developers in various areas of china ( despite massive forecast upside ... everything lost )
3. Werrie Gold ...now this was a company well promoted by SSI ...( everything lost - despite SSI projections of major upside )
In short the mangement of SSI have an attrocious track record of choosing business partners and projects to back .
Recently ......
4. Multi link - the answer to modern cut price telephony .... everything lost .
5. Go Connect - a totally flawed business model
and still clocking up consistant losses .
So why on earth would you immagine for even a second that these people (who are obviously under capitalised , and living in a fairy land of hope , smoke and mirrors) could ever consumate a solid deal and execute a business plan . There is no depth of management in this organisation . But at least there is consistancy . A consistancy to LOSE money . And they do that quite well I have to admit .
But they spin fantastic ripping yarns ....and a wood duck is born every day who will swallow them .
Do your own research .....ask SSI for some of their old stock recommendations . Ask SSI for some of their old annual reports ....even you might be able to differentiate between fact and fiction .
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