More investors than I thought

News to hand of a massive investment in Firepower by a household name. I’m still shaking my head in disbelief that this person could have been sucked in, given that the investment was made at the end of 2007 – after I had been warning about the company for nearly a year. All will be revealed as soon as I dot the eyes and cross the tees.

3 Responses to “More investors than I thought”

  1. OH MY GOD – I thought we were stupid but this takes the cake lol…….I wonder if it’s John Howard

  2. jay says:

    I must admit, I am fascinated by this one. I bought and read the book last week – can’t wait to find out who put in cash at that time. Most people surely would have been well aware by then? I wonder if it is Russell Crowe? He had and avenue of contact there through the Rabbitohs. And congratulations Gerard! Great book (except for the oversight on page 47 where you implied that there was some sort of regulatory scrutiny over the “complementary medicines” that adorn the shelves at our pharmacies!)

  3. John S says:

    congrats on the book Gerard, and for your persistence in reporting the story.
    the whole scandal raises more questions than answers. Particularly with the role of ASIC and its complete failure (yet again) to act pre-emptively.

    It seems pretty obvious that the well-known identity didn’t heed your regular warning calls on Firepower….as not everyone read your articles, unfortunately. Your audience was, tragically, limited to your paper’s readership, but not everyone reads the newspaper or scans the internet.
    The headquarters of the Firepower scam was in Perth. As you yourself raised the question previously – why was The West Australian so quiet on a homegrown scam, in their backyard? Unlike the SMH or The Age from Melbourne, there is no investigative team employed by The West Aust to
    undertake that essential role of breaking the story and reporting on
    organised crime, political and financial scandals. Which is a staggering
    concept to grasp – as Perth is IMO the HQ of financial crime, especially
    relating to scammy sharemarket companies. Blue sky mining is a multi-billion dollar industry. And the Firepower story was ‘sold’ to the mums and dads as a sure-fire multi-bagger sharemarket stock (“7 bucks on AIM listing”). That was the money-card Johnston & cronies played to many.

    My heart goes out to all the Firepower victims, and can only hope that justice
    is served on the perpetrators here.

    The sooner Johnston is extradited back to oz to face the music, the better.

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