MC Clinic Opens in Sydney, page-7

@PeterKing, I read the article Bolson posted regarding the consultant JHL hired to create this deal.
You are obviously close to the subject.
>>>>>>>>>>>>>>>>>> Bilson's article was a shortened version of the original article posted on the same day by the Australian, written by Andrew Burrell. It appears that plagiarism is alive and well within the NZ Herald, failing to give credit to Burrell through their ‘sliced & diced’ article!
Burrell’s article is far better balanced and in greater detail, minus the glossy overtones of the non-descript ‘cut n paster’ at the NZ Herald. The “Australian” article confirms Smith’s position and paints, IMO a more positive and genuine light on his character. NOTE - Access is by subscription so I can't post link. Google it and you'll find it! "Australian Burrell Ross Smith"

How do you feel about being invested with companies that such a firecracker is involved in?
>>>>>>>>>>>>>>>>>> very comfortable indeed! In fact he is the prime motivator for the companies I invest in. The ‘firecracker’ you refer to is a classic 'Alpha male' with some narcissistic traits which IMO make him the perfect ASX company creator – a veritable money-making machine who suffers no fools. I have been following Smith since his original exploits in the late 90’s when he listed Pilbara Mines (PIL). In this instance, the 20c IPO came with a free attached option – i.e. 1 x ‘free’ option for 1 x ‘fully paid’ share.
The stock rose to a price high of $8.00+ with options trading at a high of $6.00+. I must confess that I did not do as well as I could have with my initial $70,000 investment. But hey! Who actually manages to sell at the top? Suffice to say, I did OK.
Others I have invested in where he has been instrumental in their origin have also been profit makers, are Red October, Enerji, SAS, MMJ and MXC. All have provided multiple opportunities for exits with resulting profits well in excess of 100%. For those who bought in too high or held longer, highlighting the fact that they actually had no trading plan or per-conceived ‘exit strategy’ are most likely to have suffered while others exited.
What most traders fail to appreciate is that profits are made ONLY when stock is sold. No money has ever been made BUYING a stock. ‘Buying’ is simply the per-requisite action that sets the profit train in motion. When you manage to buy ‘low’ and sell at some stage at a price above that low, you make a profit.
It is only when greed takes over that you see your ‘above buy price’ profits dwindle to ‘below buy price’ that you and 95% of the market, will experience a loss. This is not rocket science but it constantly amazes me that traders are more than happy to apportion the blame for their losses on anyone and everyone except the one person who they should have relied on in the first place to take responsible precautions to minimize their losses……………………………. themselves!

Let's be honest, his two other companies he claims to have Co founded, MMJ and MXC are floundering.
>>>>>>>>>>>>> Claims of his initial involvement in these companies are quite correct. They both also have had opportunities to exist at substantial profits given an early investment. IMO the ‘floundering’ has nothing to do with him directly. Both are now run independently of his direct involvement / influence.

A few years of bleeding shareholders for their money …………..
>>>>>>>>>>>>> come on PH6dot, you are more intelligent and aware than that. You know that the only people who bleed shareholders are the shareholders themselves. Shareholders who have no trading plan nor exist strategy other than to blame everyone under the sun if when) they fail to capitalize on a ‘multi bagger’ when the opportunity arises!

and what have they achieved revenue wise?
>>>>>>>>>>>> compare both these MC companies to those you are already invested in and you can answer that yourself. Correct me if I am wrong but MMJ and MXC are the only Aust MC companies that actually produce a marketable product!
MMJ was a very early revenue generating MC company with Satispharm. What their sales figures are I have no idea – I am no longer invested in MMJ.
As far as MXC is concerned, you are from all accounts a holder so you should be more than aware that it has developed as a diverse company with multiple sales generating streams.
This article more than answers your questions-

Seems like all one big game to get him and his mates wealthy off retail shareholders.
>>>>>>>>>>>>>> if they become wealthy from retail shareholders, it is purely through the neglect of those shareholders to understand what the hell trading is all about – how to maximize profits and minimize losses. Overall, profits are gleaned for all via the profitability of the company through its ability to produce high returns on goods and services.
It’s no secret that making money via the share market is extremely difficult, fraught with a good deal of luck and minimizing losses through some form of strictly followed trading plan. It is also no secret that 95% of traders lose their money because they lack basic investigative skills, have little luck and most of all, follow no trading plan whatsoever. They are destined to fail through their own failures to prepare to do battle in the markets. They are akin to a financial suicide bomber.
Before attempting to hang someone out to dry, better have a good look at yourself and see just what part you play in your trading plan to make money.
It remains to be seen what impact Smith will have on JHL. Given his proven track record of generating money, I am tipping it will be very positive, that’s why I am currently substantially invested.