I'll make it simpler for you to understand.So that means it is not a pump and dump. Sounds like you are talking about things above your pay grade.
It's a pump and dump that got rumbled before the dump.
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I'll make it simpler for you to understand.So that means it is not a pump and dump. Sounds like you are talking about things above your pay grade.
Ok so, let’s say I have an, err, ‘mate’ with NFI what any of these big business words mean
Can someone please explain really basically what McDonald/his company have done wrong, if anything
I’ll pass the info on to my mate
So you work for the Big 4 ...the too big to fail brigade. More scams and rip offs taken place in the big 4 over the last 35 years than anywhere else but they get away with it. I was also a banker( Treasury) in the late 80's early 90's ...not an IT nerd like your goodself. The call cry of my boss was we rip their *ing lips off today and we will do it again tomorrow...ok boys let's do lunch. IT guys will be the first to go in a crunch for the banks as they were in 1991. So start looking for a new job and enjoy your perks ( do IT guys get them) whilst you can.
Ohh he was a banker, I thought he identified as a w***er when I first read it. ‘Above your pay grade’...what a utensil!!Sounds more like Antifa than a banker. This guy sounds like he was sacked for misconduct, can't get a financial services licence, and is driving forklifts 6 days a week while mumbling bitterly to himself.
Who let the trolls out.Sounds more like Antifa than a banker. This guy sounds like he was sacked for misconduct, can't get a financial services licence, and is driving forklifts 6 days a week while mumbling bitterly to himself.
Obviously above your pay grade also you campaigner.Ohh he was a banker, I thought he identified as a ****** when I first read it. ‘Above your pay grade’...what a utensil!!
But is that illegal or just sketchy as ****
Obviously above your pay grade also you campaigner.
Either way , in AFL circles it results in a brown paper bag .Hey, um, it’s my friend still. He’s asking what pump and dump means.
But is that illegal or just sketchy as ****
Easy answer.
In the Collingwood example the $50 membership would come under Consumer law. So illegal.
In Joel's case - the people 'buying' the story are not consumers. They are investors. It comes under Corporations law. So probably not illegal.
I don't use the word "hero" often but you've earned it!So you work for the Big 4 ...the too big to fail brigade. More scams and rip offs taken place in the big 4 over the last 35 years than anywhere else but they get away with it. I was also a banker( Treasury) in the late 80's early 90's ...not an IT nerd like your goodself. The call cry of my boss was we rip their *ing lips off today and we will do it again tomorrow...ok boys let's do lunch. IT guys will be the first to go in a crunch for the banks as they were in 1991. So start looking for a new job and enjoy your perks ( do IT guys get them) whilst you can.
Or they are lawyersWhite collars usually have better lawyers
Expect lawsuits from many extremely angry powered people.
Given themselves a couple of hundred grand pay rise despite losing $5million with revenue under $500k, from memory in the AFR today.
Very poorly governed company by the looks. Need a new, independent board.
They are stuffed and they know it so why not cash in while they can. And yeah actual sales was around $270k, the rest in the revenue was interest on their capital raising. Their sales is now actually lower than Joel and the other guys combined salary (they also pay themselves in USD I think).
ASIC awoke from their slumber and is now looking into the company.
The company needs to sack their board but it is Joel, his buddy and one other guy who are the board. I don't think they are in a hurry to get themselves booted. The company could technically continue to exist for 15+ years losing $5m a year in its current state.