QBL-Buy the hype, sell the story, page-34

A tax debate on a penny dreadful - what's next?

Some of the more enthusiastic around here should trawl through the posts from 2013 / 14 - the only difference was back then was that it was bauxite and not MM.

There was a poster called HappyCats who nailed the crap out of this dreadful company - where is he when you need him?

And while you're waiting for this thing to "go to the moon" you might spend some time checking out the 'impaired loan' (interest free) of $1,200,000 to Volcan. From memory this was a loan approved by the Board of QBL to Volcan.

I seem to recall that some of the Volcan Directors were also Directors in QBL - sort of a $1.2 million dollar loan to family members thingy.

Pnina and Sholom Feldman - still in Director roles ... makes one wonder.

This was posted in 2013.

https://hotcopper.com.au/posts/12388552/single

Maybe some here today screeching about being long term investors and calling others fools and idiots (those who would dare to question) were still in school back then. Anyway, it does give you a flavour of who is involved.

Good luck with it!