I just contacted a company about that statement and it doesn't seem correct at all. It seems Tim may be misinformed.
A recent expmple and there are many more recent ones from other companies.
ASX ANNOUNCEMENT and MEDIA RELEASE ASX CODE: CTP 25 May 2011 TO: The Manager, Company Announcements ASX Limited CONTACT: John Heugh +61 8 9474 1444 PATERSONS INDEPENDENT BROKER RESEARCH REPORT Central Petroleum Limited (ASX:CTP) (?Company?) has pleasure in announcing an independent broker research short report courtesy of Patersons Oil and Gas Review can be found on the Company?s website: www.centralpetroleum.com.au.
All they are announcing is a report making it public to all, nothing more and nothing less.
Tim has this very wrong IMO. More they don't want to pay for the report, of which is fine and that would be appreciated as "straight talking".
I like the companies prospects but this just doesn't fly...
SBL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held