Which leads to an interesting question: why bother paying stock shills USD2500 when the News Corp will take your adverts without payment?
The article of course makes it plain:
The company sees a local listing as logical, considering the operations will be based in Queensland.
But this would involve trading existing shares -- there are no plans for any immediate capital raising here.So Joe is going to sell existing shares in Legend to the Aussies. The $2500 stock shilling in my last post is the pump. The sale to Australian fund managers is - well a way of getting some cash into existing shareholder pockets. Maybe its a good deal for all. After all Joe has struck gold and diamonds before. Still paid stock shills do not in general outperform.
Now Bronte Capital has always had the best interest of Australian Investors at heart. So - seeing this as we do - we have have purchased the Google search terms "Joseph Gutnick", "Joe Gutnick" to link to this blog.
My adverts will cost a lot less than $2500.