Originally posted by delux73
It's the same for all companies run by these guys - (insert latest name) capital
Works like this IMO:
1. Backdoor the last failed company or one of your mates failed companies
2. Re capitalise coy with you and your mates
3. Make the project look real good with figures in 100s millions projected
4. Pump the crap out of it and distribute shares on market
5. Issue yourself confetti shares for doing a good job and to make plebs feel secure
6. Mates sell 2c shares for a Disallowed and some of that money back in at the lower cap raise to make it look good.
8. Project may or may not work but who cares if you have made millions over the course of a few years.
9. Project works! Happy days but I have to seen one of these yet
10. Project fails and goes back to offshore owners to backdoor on another market or take private
11. Go to step 1 and make millions more
If anyone can show me a company from this stable that has been a success I will ask the mods to take this down.
You can't say you weren't warned about the P&D
Good luck.
the There is another stock, recent IPO, called Kleos space. Same deal, UK company, as I understood it also done through backdoor listing, space engineer credence, bunch of flamboyant MoU, claim to be disruptive and the list goes on. Basically SAS V2.0...AFR wrote an article in relation to it,
The same article that is being discussed in Kleos thread. It is not looking good and really outlines the danger of investing in startups based on nothing but hype and dreams of grandeur.
