Ann: Upcoming Release of Shares from Escrow, page-60

These funds invest in a big number of stocks. They are not conviction investors. They would do less due diligence than you or I. Its a numbers game for them. As long as they average 10% plus p.a. from their funds then they think they are geniuses.

I've met some of these guys at presentations. There just after a quick buck. If it doesn't happen straight away they are out. Its like an episode of "Billions" to them. Flash boys.

One presentation I went to was attended by a Blue Sky rep. He must have been about 25 y.o - straight out of uni. Most of these funds guys are early 30's and haven't even experienced the GFC so have no memories of what a really bad time in the market is.

I bought a heap of AJX shares in early 2014 off one particular fund at 14 cents who stated they were selling because apparently it did not fit their investor parameters. Guess what - I sold them straight back to them at $1.02 in a crossing 18 months later. Its now back to 16 cents.