Very good article..... begs the question why does NZX and regulators allow this crap.
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Ye I rekon every1 shud protest coz da NZX shud b safe 4 us.
Itz totez bs how dey let ppl do thingz.
Royal commishin plz JONKEY.
NZX shud b u giv dem $$$ and dey giv u bak moar $$$.
I left skool at 15 I dun wana do mi own reserch n shiz!!!!
:D:D:D:D:D:D:D:D:D:D:D:D:D:D
Robbo I guess what you are saying is "caveat emptor". That's a valid viewpoint, but it certainly won't help to encourage new small investors into the market. IMO, we should be encouraging more investment in shares and less investment in rental properties. I think that would be good for all of us in the long run.
Sunlight is said to be the best of disinfectants; electric light the most efficient policeman. - Louis Brandeis, Other People's Money—and How Bankers Use It (1914).
With that said, I am pretty firmly of the view that where there is risk there is reward. As long as all of the requisite information is available then people who don't use that information are fair game.
Someone showing their hand today.
Preopen 38000 shares cleared to go through @ 10 cents, then at the last second they all get snapped up @ 11.5.
Now, if you are a savvy investor you would put in a bid @ 10.1 for 37999 shares to get them all @ 10 (bar that last 1 share of course).
This then suggests a total idjit is buying. Or someone is protecting the price (AHEM!!!)
If it is who I think it is then a token buy @ 12 will be up soon to window dress the price back to even.
Stay away people. Saw this day in and day out with Snakk (and we all know who was in on that one).
I have a little black book...naming dodgy characters..and those who I have lost money with...Easier nowadays with our friend Mr Google able to create a list for you without going through the pain of that experience curve......
All to do with Homework Homework Homework.....
https://encrypted-tbn2.gstatic.com/i...uV6WWkjzl-UPdU