I commented on the disgraceful, almost laughable, paid for research commission by Eurasia Mining (EUA) the other day. The great Waseem Shakoor has just tweeted on the same matter. Enjoy!
Either quitting or not turning up or quoting daft prices or saying they can’t do anything till whenever. It is all part of the inflationary storm and I discuss that. Then daft broker and paid for research notes. Should regulators act? I think it is pointless. I look back to 2010 and 2001 and other notes, it is all just a sign of the times.
The FCA needs urgently to take a look at the paid for research market. It seems anybody can enter and then can charge a fat fee for publishing whatever ramptastic shite they like. On Tuesday I cited the utter fiction produced by Proactive Investors on the Supply@ME Capital (SYME) fraud. Today I bring you one reason Eurasia Mining (EUA) shares roofed it yesterday, a report from ACF Equity Research, a company that cant publish its own accounts so why on earth should it be able to analyse those of anyone else?
In this sixth edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss PC nonsense in the world of matresses and also the folly of Nigel Wray and Neil Woodford in this sector, I give Harry Adams of Kefi (KEFI) a right old grilling, I look at the pointless ramping of AIM rubbish via other podcasts and paid for research and then discuss all things resources & other matters with guru Gary Newman. If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.
Over the last few days, we’ve witnessed one of the most laughable bogus stock ramps of the year. Using DirectorsTalk.com and a little known website called www.smallcapnetwork.com, certain unidentified parties are distributing wildly misleading “research” about my old favourite, New World Oil & Gas (NEW), in a classic a pump and dump. Unfortunately, the New World pump and dump isn’t the first time we have come across this particular operation and there are now serious questions about what DirectorsTalk.com is up to.