Short Term Trading Weekend Lounge: 2 - 4th Mar, page-71

First 71 Last

Share
Profile

Follow
MistyDawn

940 Posts.

8

03/03/18

10:59

Post #: 31499446
Share

Originally posted by lifeguard22 ↑

Two things to consider, both involving deceptive actions by greedy profiteers. One lesser, one larger:

1) A certain investment house that recently touted a supply glut in a certain sector has been shown to have purchased a semi-decent stake in a near-term producer in said supply-glut affected sector. Ridiculous and deceitful and they should be ashamed.

2) A certain ASX tech listed company that recently went into suspension because of a revelation about dubious accounting practices has now come completely undone. The latest round of articles from a leading financial publication are both conclusive and quite damning indeed. The story has everything: Made up customer numbers, made up financials, rigged YouTube views, dubious connections to various dubious people, a reunited father/son relationship that was transforming the internet as we know it but turned out to be a lie, widespread corruption amongst insiders and investors, blind-eye dealings by high-level executives of reputable institutions fueled by greed and hubris... and a LOT of sorry (hurting, deceived and angry) shareholders who were duplicitously caught up in something that has now been revealed as a well-orchestrated scam.

It is a sad day, and has been a sad month as a number of these revelations have come to light across the tech sector in particular.

The second exampled cited, is just crazy: How certain people can coordinate the blatant extortion of this many people in this manner is a sad, as well as anger-inducing thing: for those in positions of oversight, for the companies and individuals directly responsible. So many questions about how this is even possible. Gah. The fallout from this will echo through the ASX for some time (and maybe that’s necessary and will lead to meaningful change).

But spare a thought for the victims. My goodness. Please exercise compassion if you interact with any of those affected by that second company mentioned; there’s a few sorry stories starting to emerge already.

Take care folks. Of yourselves and each other.

Expand

Terrible greed......Humans are the only species on this planet that knowingly inflict cruelty on another. Take care out there.

XAO Value at posting: 6,028.4
7 Upvote

0 Great analysis

Reply

Top Stories

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

CBA breaks trading record on strong day for Aussie financials

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

There are more pages in this discussion • 92 more messages in this thread...

First 71 Last

Add XAO (ASX) to my watchlist

(20min delay)
Last 8,214.8		Change 27.100(0.33%)		Mkt cap ! n/a

Open	High	Low
8,187.7	8,232.3	8,187.7

Short Term Trading Weekend Lounge: 2 - 4th Mar, page-71

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Shekel Brainweigh investor presentation webinar – the future of retail automation

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

CBA breaks trading record on strong day for Aussie financials

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Featured News

Featured News

Short Term Trading Weekend Lounge: 2 - 4th Mar, page-71

Top Stories

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Shekel Brainweigh investor presentation webinar – the future of retail automation

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

CBA breaks trading record on strong day for Aussie financials

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Featured News

Featured News