Post
Topic
Board Scam Accusations
Re: Usagi: falsifying NAVs, manipulating share prices and misleading investors.
by
btharper
on 21/11/2012, 04:46:32 UTC
I just recently announced that I am working on flashcard software to help people learn languages -- software very similar to anki, stackz, and iKnow. I was immediately attacked over having poor Japanese regardless of the fact that nobody could criticize the actual Japanese samples I published, AND that my knowledge of japanese is not relevant to how well I can code a general purpose flashcard language learning program. This is what I have to put up with on here.
This is definitely a real problem you're facing, but to a point it's the burden for what has happened in the past. The same reason I imagine that you deleted over a thousand posts. So long as you stay in the same user account your history, and worse your trolls, will follow you.

If I was going to get a scammer tag because you don't understand how to value stocks it would have happened six months ago.
This isn't nearly as relevant now, other things have been presented, the thread title just hasn't been changed.

May I suggest you read a few books on securities analysis before you start flapping your lips about it? Valuing a company, specifically the term NAV, has ZERO to do with the stock price at the moment. ABSOLUTELY ZERO. This is why you and other's accusations sound so STUPID, and yet so PLAUSABLE to the uneducated. NAV, net asset value, is something more akin to BOOK VALUE. Especially in the case of a MINING COMPANY where the entire basket of assets is MINING HARDWARE with a KNOWN PRICE.

So you can just fuck off right there. You are DEAD WRONG about how I valued stocks. I will NEVER, EVER, EVER get a scammer tag for how I valued stocks.

GO AWAY.
The stock was being represented as worth the NAV as presented in your spreadsheets. If an inflated number was used it would make the investment appear to be worth more. The accusation was that the values were intentionally overvalued to inflate the apparent worth of the security; which would be defrauding investors.