Originally Posted by
Ogg
How can you call these people smart when they buy shares at $4.04 and then more than 12 months later it's down 10%?
Who are these 'sophisticated investors' anyway? It makes no mention of who they are. Just a group of 13 random people off the street.
These days if you just have $250k in your bank account you're considered a 'sophisticated investor'. So basically just sell a shoebox apartment in Auckland and then you can sign up with the private investment banks and 'be in the club'.
Wouldn't be surprised if it was just a bunch of clowns under 40 who picked up most of the shares on the back of their parents inheritance.