Ann: Blue Sky Teleconference, page-15

Hi pikel1980,

Imo, the first obvious red flag in the Company's official response to the Glaucus report was presented on the front page;


Accordingly, at 7:30am, this morning Blue Sky formally invited ASIC to investigate Glaucus and the short selling of Blue Sky securities in recent months... In addition, at 7:30am this morning Blue Sky’s US lawyers served Glaucus with a preservation notice, requiring it to preserve all relevant documents and communications whilst Blue Sky evaluates possible future legal steps.


In my experience, litigation, or even the threat of litigation in response to a negative opinion wrt a company listed on the ASX is confirmation that said company is hiding something and coincidentally Glaucus reiterated the same in its first report on the Quintis ponzi scheme;


In our years as short sellers, we have rarely seen a lawsuit over an analyst note, but such sensitivity and litigiousness indicates that QIN is weak and fragile... No legitimate business would sue over criticism unless it was afraid that investors would discover its underlying business was not performing as advertised.


Glaucus report on Quintis