175: Jonathan Shapiro – Investigating and Exposing the Crafty Schemes of Public Companies
Chat With Traders
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How Bright Is the Blue Sky Model?
I wrote an article titled How Bright Is the Blue Sky Model in 2017. It was just saying these guys are onto something. There is a huge amount of superannuation money in Australia and they're offering a solution to that problem or a product that can grow. So I think it was fairly balanced, but it did raise a lot of questions around their revenue,. Their profits were kind of growing, were in their cash and how reliant were their profits on fees That they had booked, but yet to actually have earned all, yet to have been paid out. They hadn't actually been paid those fees. And so there was a discrepancy between these booked in an accounting sense and fees collected. But
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