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  "notes": "Includes a screenshot of a HotCopper forum post as evidence of potential insider trading.",
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      "text": "Does Dr Padmanabha’s track record of frauds, tax evasion and liquidations bode well for TFS’ reliance on his market demand studies?\n\nHow can Incipient Capital act as independent advisors to the Company whilst simultaneously sharing directors and financial services license with a research house promoting the stock?",
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      "text": "1. Section 1041F of the Corporations Act : Inducing persons to deal in financial products\n2. Section 1041G of the Corporations Act: Dishonest Conduct\n3. Section 1041E of the Corporations Act: False or Misleading Statements",
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      "text": "Frank Wilson purchased 50,000 shares on market with full knowledge of the McKinsey report on 23 March 2017, which is now claimed by management to be instrumental in end-market assumptions. Therefore, we believe that the best case scenario for the company would result in Frank Wilson having committed securities fraud, as we believe the McKinsey report would constitute material non-public information. The company would also face action from the ASX by breaching continuous disclosure rules.",
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      "text": "By publishing “Buy” rating analyst reports on TFS Corporation without disclosing Wise Owl and TFS are, through the directorships of Mr Shamieh, related parties, we believe Wise Owl could be in breach of the following criminal offences:",
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      "text": "The McKinsey report alluded to by management in their Glaucus repsonse has never been published. In fact, McKinsey was never cited by management as having prepared the report prior to the Glaucus response. Management continually referred to the writer as “leading management consulting firm”.",
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      "text": "An investigation should also commence as to how widely this report may have been distributed to institutional shareholders, as it would likely also constitute insider trading. Users on HotCopper stock forum claim to have ‘read’ this report62:",
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      "text": "I think that the response was as good as could be expected from QIN and investors/speculators must now weigh up the merits of each argument. For me, I view QIN as a genuine business vs. a ponzi scheme, but one that is operating in a completely new sector (Sandalwood plantations) and thus with an elevated amount of risk that a well establish business in a mature sector. This, however, represents a potential increased reward too if QIN is ultimately successful. — HotCopper forum user JID",
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      "text": "62 https://hotcopper.com.au/threads/ann-resignation-of-managing-director.3324972/page-23?post_id=23669772#.WRKC9uWGOUK",
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