1. Most Discussed
  2. Gainers & Losers
ASC 1.6¢

ASC Disclosure, exaggerated no's, cynicism is heal

  1. i might make a point yes, i'm familiar with the law, corporations law in fact (i'm studying master's level tax and work in a prudential environment :) )...

    anyway, deltoid, you can read daily papers of the past year just to find out what the severity, the toothlessness of our tigers (regulators) when it comes to prosecution... really .. it isn't a big major white collar crime to overstatye projections... don't you know big Keve did it, lots of prospectus do it.. in fact do a study of projectiions on prospectus and actuals after they have listed and started operating.. i personally understand your point, but you fail to recognise the gravity of the situation from our point of view being a small time investor (and not necessarily menaing with small money), but lieing do happen with projections,, look at Australian Agricultural Company (AAC), they losted almost half their value.. never met projections.. really. don't kid yourself guys, 80% of projected earnings from prospectus forcast are allowed.. do regulators have time and resources to do a detailed analysis to understand and sign off and say it is reasonable.. do auditors do that for you.. that's BS

    you are foooling yourself if you think all this lawfulness is protecting you... read the papers and watch how many get away with it everyday.... only severe flagrant disregard, and openly illegal activity such as Mr. Big Shot Adler get's f****** up the arse....(which he deserves anyway)....

    that's my 2cents worth :)


    ps. ever studied the technicalness of the events leading to the 13th May announcement how it piked 2 days before leading to the major increase on the graph on the day of the announcement... someone must have known something right :) just a thought for you ....

    watch similarly if someone knows something by the volumes for this month.....

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.