8I Holdings Limited (ASX:8IH)

[bardsmanship]

I saved the 3 posts, including comments, from the cached links as images, here they are (in order):

https://imgur.com/a/6LET7

https://imgur.com/a/vEWk2

https://imgur.com/a/CVX71

Also curious about the question of legality, particularly the selling of pre-IPO shares of the companies at inflated prices to their students (if true, as alleged by some of the commenters).

[CY09]

Based on my interaction with it's past students in sept 2015, students of it's old investing class were offered to be "pre-ipo" investors before 8i holdings was to be listed on the ASX. How I knew about it is because these students introduced me to 8i holdings and the paper profits they were holding to as pre ipo investor; subsequently I then did my own fundamental analysis on it

I am not sure of velocity holdings etc, but if I were to speculate something similar may have happened

[ksir]

(Abit OOT, but I believe is relevant to the learning process), it is interesting that what happened in the thread reminds me of anti-fragile. It must be a good (or bad if u are number 8) example of anti-fragile. By suppressing the blog posts, it made most of us noticed the saga even more clearly and with more interest than not. I for one ignored the first few posts until their orwellian actions.
It is the case of trying to cover the fire with papers!

[yeokiwi]

I wondered whether these "Pre-IPO" investments should fall under non-conventional investments.
Unlike the years of delay in bringing other non-conventional investments under regulation, I wonder whether MAS will be more proactive this time.

It is foreseeable that this way of raising funds for IPO may be misused by some to gather IPO money from inexperienced investors.


Reminiscence of S-chip IPO debacles in the last decade.. true experience by me - the victim.

[Ray168]

How this doctor diagnoses investments - ST Aug 27, 2017

My observation ...

• One of the director in 8IH share about his investment strategy.... however, his strategy is not align with the 8IH's 3R system. 
  

• He also didn't share about pre-IPO investment (or ST choose not to report it?) or he doesn't invest in pre-IPO.
  

• It seems to me that the director didn't use their recourses in "Private Market - Hidden Champion". 
  

[Jim]

Thanks Terry & Bardsmanship for the sharing

I think we can learned more from failure cases than from success cases.
If we can learn from failure cases to take care or limit the investment downside, the upside will take care of itself.

[jaco]

Also curious about the question of legality, particularly the selling of pre-IPO shares of the companies at inflated prices to their students (if true, as alleged by some of the commenters).

I am an outsider and I don't know if the commenters are right. It all depends on the identity of Champion Star United Inc. There is no online, public information about this company and who are behind it.

If former students of 8I are indeed behind it, then it seems to me that those sales are 'Related Party Transactions' or 'Interested Parties' in some jurisdictions. Such transactions should be disclosed to the stock exchange and the public, but 8I never mentioned it, neither in any announcements of the transactions with Champion Star United Inc. (eg http://www.asx.com.au/asxpdf/20150331/pd...n0zjh3.pdf ) nor in the 2015 annual report. In this report the buyer in the 39.2% transaction, Champion Star United Inc., is referred to as an 'investor' (page 83).

Usually, if a transaction is with a related/interested party, or even remotely smells like one, a company would disclose it. If only, just to be on the safe side legally.

[bardsmanship]

There is an additional post that has been removed from the blog, but not (yet!) from Google's cache:

Digimatic Group update: https://webcache.googleusercontent.com/s...clnk&gl=sg
Copy: http://imgur.com/a/JNdm4

Also found an interesting thread about 8I Holdings on an Aussie stock forum:
https://www.aussiestockforums.com/thread...ngs.29309/

It's kind of nice to know that at least some people Down Under have their eyes wide open.

[jaco]

Digimatic Group update: https://webcache.googleusercontent.com/s...clnk&gl=sg

Thanks... more intelligent comments from this blogger which were unfortunately removed.

I am also looking into Digimatic now. I was shocked to find their flagship operation Ace Profits Academy appear on the Investor Alert List maintained by MAS. 

http://www.mas.gov.sg/IAL.aspx?sc_q=ace

[Ray168]

jaco pid='142358' dateline='1504084729']

Digimatic Group update: https://webcache.googleusercontent.com/s...clnk&gl=sg

Thanks... more intelligent comments from this blogger which were unfortunately removed.

I am also looking into Digimatic now. I was shocked to find their flagship operation Ace Profits Academy appear on the Investor Alert List maintained by MAS. 

http://www.mas.gov.sg/IAL.aspx?sc_q=ace

Gosh .... listed by MAS on June 12, 2017.