Michael Lam from Macquarie Directrade called me on July 14 (and July 15) giving me the hard sell on this one. He advised me that the float was oversubscribed by institutional investors which turned out to be complete BS. Unfortunately when he emailed me the PDS he didn't include any such statements in writing. I didn't end up taking up any shares on the float but unfortunately (like a moth to a flame) it triggered me to follow the stock and when it dropped to 3c I couldn't help myself taking a punt. At the time I thought I was lucky that I hadn't paid $1 a share but in the end I probably lost the same regardless. I can't blame anyone but myself for my stupidity but I do feel for those who got sold on this as a legitimate investment.
BCS Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
