Writing negative pieces about companies does not win you friends. In the past year I have enjoyed as a result: lawyers letters from companies, being sued for libel, shit posted to me in the post, death threats, stalking (yesterday), numerous complaints about me to the FCA, defamatory comments about me and my restaurant on the internet and now attempts to get ADVFN to stop me writing. Bollocks! What I do is right and in the interests of shareholders. I am not stopping. Nor will this website.
What you must first understand is the vast amounts of money that quoted companies spend on persuading investors to buy their shares. Commissioned research from Edison, Hardman, etc. is not cheap. PR firms charge up to £10,000 a month to plant positive spin in the press. Roadshows and presentations at Proactive and Oilbarrel or the recording of soft promo videos are not cheap. My guess is that between them QPP, Iofina, Globo and blinkx will have spent c£1.5 million of shareholders funds last year on trying to persuade folks to buy the shares.
Most commentators and brokers write overwhelmingly buy notes.
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