As Crowd1 and Miggster is an African product spreading into Russia and Asia, I can't help but wonder how racial overtones are guiding how pretty little Aussies are judging them.
Lets look at the BBC expose:
From Europe With Loss: Crowd1's Shady Scheme Has Stung Africans (weetracker.com)
This article seems to be based on the fact that it's okay for my dad to loose money on Amway, but not ok for Africans to loose money on MLM.
Anyhoo, it's conclusion is:
"Unless some global authority stops Crowd1, the platform appears to be nowhere near coming to a halt anytime soon"
Doesn't sound like ASX's/ASIC's job to stop Crowd1 selling Miggster.
ASICS problem seems to be, "did EM1 pull a rip-off by inflating the share price because there are no actual Miggster sales?" Perhaps the BOD did some insider trading and took profit before the ban.. and now it's all over, or perhaps not.
Perhaps Miggster will rise EM1 from the ashes and SP will be 15c on open. Let's all wait and see.
(cue cliff hanger)
Stay tuned for the next exciting chapter of "Did I lose some $$ on the ASX?"
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