Thanks Prem for your well-meaning suggestion.
In the past this hasn’t worked
a) if one writes a para with a valid objection, they respond by writing a page, after apologising in advance for a long-winded answer (at evidence here too)
b) these guys have all the time and patience at their disposal to swamp you every time. A balanced discussion becomes impossible – for the devils advocate doesn’t have endless time to spar, nor is there compelling interest – because anyways things don’t add up in such scrips – what can you argue about the track record of a microcap with 15 Cr annual business- they can use data to very good effect, never mind that the sample size of that data makes it completely unreliable; end result others give up; mature investors stay away anyway; the novice to greedy guys may get swayed …there will be lots of oohs and aahs about how much patience, how much selfless work, what wonderful analysis …and might get trapped
c) it’s not always micro caps. Sometimes this is done much more professionally for typical pump n dump. There will be some genuine strengths in the business. Endless hype with global stats penetration levels will be cited in defence; once in 30 posts risks will be re-iterated to give semblance of a balance. But the style is the same – genuine objections will be swamped – there is a organised gang supporting with data points, old reports, vomiting the same 10 points with different slants endlessly. Point is nobody has/can have the energy to match/counter these guys
Our experience has taught us it is futile and a waste of time to counter. Its more effective to educate everyone, empower everyone to watch out for these patterns and encourage flagging. If we suspect multiple patterns playing out, the best Deterrent and Expose is to immediately invoke KYC, while still giving the benefit of doubt for inadvertent mistakes, and be willing to give a decent hearing.
Usually they fall in line immediately
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