Ouch! Just lost a few grand trading Crescent Gold. The problem with this stock is the inadequate disclosure and regulation. Already fired off a letter to ASX. The company came out with a statement that the company had repaid all debt. It should have been suspended pending a disclosure of its finances.
It is so stupid not having a separation of regulation from the market maker. Who benefits from such a situation....investment bankers like Deutsche Bank with 'inside information'. i.e. Chinese walls made of Japanese paper. Yep. The same paper I have had the pleasure of falling through after a night out drinking, and returning to an ryoukan (Japanese guest house).
Japan Foreclosed Guide Profiting from the Gold Boom Mining Fundamentals eBook
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