The thing with investment advise from a total stranger is, that he is the one proifiting the most. he will buy before you, and sell before you.
Must be nice!
as long as you make the amount promised does that matter
Well, it is illegal ( not that anyone cares about that in here...) and yes, because if this thing gets bigger, the last guys to sell will be the bagholders.
Just look at the volumes of his posted shares.
50million shares of a pennystock for 0.001-0.01 AUD. That means that on average maybe 250.000 AUD in value were traded (maybe even half if this program double counts). Now lets say he moves 20k himself, and 20k are his follower sheep. Than you have 40k invested at start, and maybe 200k at the end. He may very well be able to cashout his immense gains, but as the number of the stake of the followers grows, the chance for all of them to come out ahead will sink significantly.
Basically it is a ponzi. Many people were already convicted for this.
http://de.wikipedia.org/wiki/Markus_Frick for example