Weebit - 2025 and beyond, page-237

Anyone who objectively reads the announcements to attempt discussion and is attempted to be shot down on completely irrelevant points or insults such as yours continually denegerates the discussion into a mud slinging match. You should be ashamed of your rhetoric.

You have yourself to blame for this degeneration of discourse.

We could make a Weebeliever bingo for the same tired old excuses for why something hasn't eventuated or response to any contrary take.

What's embarrassing is your cult-like approach to a company. Your inability to address points. Your derision of individuals who don't align to your thinking because it affects your net worth.

"Beat the drum to the same beat or get out!" Is the resounding words of the Weebeliever as it dawns on them that they need to get more people to buy into the story to break even. As others who proudly exclaim how early they are (yet also don't reference their SMSF wealth destruction - you know who you are) fall to gamblers fallacy fuelled by sky-high broker reports that they could potentially exit at the price they should have and dumped the bags on someone else to have their wealth destroyed.

For those that love investments directed by ChatGPT, here is a question I asked recently:

Q
"If there is a fund which publishes a broker report for a company, showing an optimistic price target. And it also offers a service to notify subscribers of said service whether it should buy, hold or sell shares in that company. All the while holding shares in this company. Is this a conflict of interest? Specifically to the rules of ASIC"

A
"Yes, this situation presents a significant potential conflict of interest under ASIC regulations. Here's why:
* Fiduciary Duty: Fund managers have a fiduciary duty to act in the best interests of their clients. This includes providing unbiased and objective investment advice.
* Potential for Bias: Holding shares in a company while publishing research reports and providing buy/sell recommendations creates a clear conflict. The fund manager may be incentivized to:
* Overstate the company's prospects to justify their own investment and potentially drive up the share price for their benefit.
* Delay negative recommendations to avoid impacting their own investment negatively.
* ASIC Regulations: ASIC regulations, particularly those related to financial product advice and the management of conflicts of interest, strictly prohibit behavior that could compromise client interests.
To mitigate this conflict, the fund would need to:
* Fully disclose their holdings in the company in all research reports and communications.
* Implement robust internal controls to ensure that research and recommendations are independent of their own investment decisions.
* Consider establishing "firewalls" to separate their investment and research functions.
Failure to adequately address this conflict of interest could result in:
* Regulatory action by ASIC, including fines and potential license suspensions.
* Legal action by investors who suffered losses due to biased or misleading advice.
* Reputational damage that could severely impact the fund's business.
Disclaimer: This information is for general knowledge and discussion purposes only and does not constitute financial or legal advice.
It is crucial for any fund operating in this manner to seek professional legal and financial advice to ensure full compliance with ASIC regulations."