tag:blogger.com,1999:blog-4815867514277794362.post3174949344628610240..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: Blue Sky - some notes and an agenda for ASICJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4815867514277794362.post-77724706541318959012020-12-10T17:40:13.100+11:002020-12-10T17:40:13.100+11:00Did you get any more info on this John? I note you...Did you get any more info on this John? I note your one year timeframe has since elapsed. Seannoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-8481114320294649182019-10-02T03:31:10.002+10:002019-10-02T03:31:10.002+10:00I just watched your interview on RealVision, Septe...I just watched your interview on RealVision, September 25th, where you said at 1:11:37: 'There was no rational reason to vote for Brexit other than it was opposed by the elite and I want to stick it up them.' <br />You're an intelligent man Mr. Hempton but you just don't get it. You think Brexit was, is, and should be all about economics and wealth, ie: money.<br />It wasn't, isn't, and I think it shouldn't be.<br />This is our very last chance to preserve our country's independence from an unelected self-serving self-appointing oligarchy - the European Commission.<br />Some things are priceless. Independence is one of them. People die for it you know. A bit of temporary hardship is of little consequence when issues like this are at stake.Going locohttps://www.blogger.com/profile/17939424767357092025noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-36659925562635166822019-10-01T08:09:25.932+10:002019-10-01T08:09:25.932+10:00John,
dont let the fact that there are no ot...John, <br /> dont let the fact that there are no other comments against this blogpost lead you to believe we ( the blog readers ) are all indifferent. We are not, this is a most interesting case.<br /><br />As a wild guess they were booking positive revaluations of illiquid assets as P&L, paying out cash on this and having to borrow ( by various means) to make actual payroll. Fraud is a possibility, but stupidity is way more common. <br /><br />The fact that they consolidated some entities onto balance sheet may or may not have been technically correct at some point in the process, but it should have been very well explained in the annual reports as it leads the market to make assumptions about assets = AUM given the nature of the business. <br /><br />I have had to structure around similar issues when seeding new funds and taking equity as my vig, it always had to be 19.99% and carefully crafted agreements to evidence we had no control. I have never done this in Aus so I have no idea if the same issues apply.<br /><br />The fact that it seems to be radio silence on the whole BlueSky debarcle , with no new facts forthcoming (well facts that I can find via google) is just a tease.<br /><br />Come on Blog readers , supply some other factoids that John hasnt already laid out.<br /> <br /><br />HudsonView<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-35251383242322450682019-09-19T15:36:46.618+10:002019-09-19T15:36:46.618+10:00Blue Sky...BLue Star....Blue Horseshoe...fraud rep...Blue Sky...BLue Star....Blue Horseshoe...fraud repeats itself....<br />https://www.youtube.com/watch?v=SHowSkou5rc<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-37332726004967288272019-09-04T18:35:56.934+10:002019-09-04T18:35:56.934+10:00Fantastic post John. The tide has gone out in Indi...Fantastic post John. The tide has gone out in India too, and quite a few seemingly decent companies have vanished for some reason. <br />I kept making notes as I went along on your post, and often thought - 'this seems plausible'. OR 'This seems about alright and makes me believe them'.<br /><br />But, its amazing when management can fabricate numbers. <br />What we see here in India is that management often siphons away money at the end game when things are unraveling, and then feign helplessness or call themselves the victims.<br /><br />Keep writing.tiruhttps://www.blogger.com/profile/09576188203768579619noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-39371038050880876392019-09-03T17:23:17.809+10:002019-09-03T17:23:17.809+10:00HLB Mann Judd; one of their funds' auditors ac...HLB Mann Judd; one of their funds' auditors according to our first, last and only meeting with them. Ask them where the money went?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-4726668254587836282019-09-03T14:39:18.059+10:002019-09-03T14:39:18.059+10:00Who were the Auditors of the accounts?Who were the Auditors of the accounts?alibabahttps://www.blogger.com/profile/08653943068089050762noreply@blogger.com