RE: Sucked in then blown out18 Apr 2020 16:58
Likely: I don't like the idea of it being an investors fault. A lot of investors think they are investing into a good idea, product or service. They get those impressions from the statements made by the company. Most investors are probably intelligent, law abiding and unfortunately trusting, especially of the financial system. The reality is the system is corrupt, greedy, selfish and cares nothing of little Joe Public. Insider trading is rife and is so simple to implement without leaving an evidence trail. Lip service is paid to the regulators, how many inside traders appear in court? So much money is made in the city by those in the city and those parasites that feed off them. How many times do share price rise then soon after a RNS is released with beneficial news? It's easy money Joe is just a lamb to be slaughtered, sucked dry. He doesn't even know he's in a scam, he might twig when his money is gone. Look at the Elizabeth Holmes scam, monumental and how easy to sucker some notable people, their greed for easy money overcoming all morals. Recently we had Flow Group on Aim, a boiler which could produce electricity from waste heat, £50 Million fleeced from investors and to my knowledge the device was never seen but promising RNS statements continued to pour forth. I pondered buying in but decided you can't extract any meaningful electricity from a highly efficient boiler, hence it would never go into production - for once I got it right!
There are too many companies on Aim running a dubious act, awarding themselves big bucks while keeping the storyline spinning; the eventually end is failure but only for the investors. The directors walk off into the sunset forever safe from prosecution.
The poor investor puts his money in and wide eyed with hope and dreams expects the BofD to be principled folk with honour and a dream of turning the company into a great thing. ......... PHAA no chance.
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