The problem with 'pump and dumps' is that credibility disappears pretty fast. Today's 3B has really got me baffled - as I said in an earlier post, I think sentiment took a bigger hit than the SP today. I honestly can't imagine Mark Smyth not being fully aware of the result of issuing an annoncement stating that the value of the CVI shares to be exchanged for the increased share of Fortitude [some 65 million] at $0.30 AUS and then shortly after, releasing a 3B showing a placement of 7.5 million shares at $0.15 AUS.
So what happens to the credibility? If this didn't do the trick, then a repeat performance certainly will. Someone smarter than me has to tell me how $1.3 million working capital was more important than the trust involved in pulling this thing off - building a billion dollar company.
Will 'true believer' become a term of disparagement on this thread? Are retail investors 'useful ididots'?
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