Stakeholder Update 27 March 2018, page-203

Currently unlisted. Proposed listing date: 09 APRIL 2025 11:00 AM AEST ##

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Moneyonmymind

73 Posts.

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05/04/18

04:20

Post #: 32228350
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Originally posted by Sojourner ↑

This isn't just a case of a 'stuff up'. Sure, I've stuffed up a lot of things, and I will stuff a lot more things up before I die. But do you really consider not disclosing to shareholders stuff that is obviously market sensitive like the arrangements with FC capital an honest mistake?

There's a bunch of things this company only released to the markets because a journo wrote a number of stories that forced them to. Calling this a stuff up like it was an honest mistake is an unbelievable load of crap.

If one of my business partners had ever tried to pull this kind stunt on me and tried to claim it was just a 'stuff up', there is a good chance he'd have had his face rearranged.

Yet many holders here seem to brush it off like it was nothing, or in your case cite other cases to normalise it as though its ok. You mentioned reddit saying "they submitted an enormous amount of content using fake user accounts to give the appearance of popularity. Sometimes you have to push the boundaries to succeed. " - I'm interested to know if everyone else here would also feel like its okay to have bought into businesses on the basis of deception and that faking user accounts or even say, cash flow is just 'pushing the boundaries'.

If you listen to yourself what you are actually saying is that it is okay to commit fraud and you are happy to hand your money to a bunch of frauds.

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Things can change...things are changing : )

Fortunately we live in 2018. It is up to the ASX and ASIC to pass judgement, not you, not me.

We all bought in good faith. Many of us love the vision here and the idea, as intelligent shareholders we were/are motivated to buy.

We still do not know the outcome. We just have to be patient to allow the new changes to take effect. I am hoping long term for a pleasant surprise and a reasonable outcome : )

BIG Price at posting: $2.22 Sentiment: Hold Disclosure: Held
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Stakeholder Update 27 March 2018, page-203

Top Stories

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Dale Gillham: Are Australian Property Prices Crashing or Just Softening?

Kuniko extends Commonwealth-Silica Hill with positive drilling in lead-up to MRE

Ainsworth locks in Aristocrat patent deal for $8.5m

Capricorn Metals makes strategic acquisition of Piastri project in WA

Equus Energy inks 10-year gas sales agreement with Alcoa in WA

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