phone call from neil, page-11

The thing that bugs me about CW is that he puts himself across as a professional analyst, as he sells his services to consumers and has been paid to write reports while not holding the industry standard qualifications to do so, especially since his reports come across as a sales pitch because they are so one sided. If he was just another blogger on this forum fair enough, but FML publish and distribute his work which I believe is morally not correct.

There are many good reasons why an AFSL is required and mostly it is about protecting the consumer, for example talking up a stock while personally selling it. I have been around longer enough to see the damage that unlicensed/regulated operators can do to families financial well being.

CW offers a good argument for the deal that I am not trying to discredit, personally I believe FML is between a rock and a hard place and taking the capital raising at a premium is probably better that voting NO and been forced into a capital raising at a discount.

Regards CW I just believe he should obtain his AFSL and offer a more balanced view if he wishes to put himself across as a professional analyst.