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Roger Lawson's conclusions on Globo: should we tar all Greeks with the same brush?

By Tom Winnifrith | Wednesday 21 February 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

The Globo (GBO) fraud claimed to be drowning in cash. In fact it had just debt. There were numerous red flags but its supporters, like Roger Lawson, suggested that we critics were wrong. Only after Gabriel Grego’s bombshell report, which only this website had the cojones to publish while snot gobbler Dan McCrum of the FT merely alerted the CEO so he could dump millions of shares, and when Globo admitted it was a fraud did Lawson accept that we were right. The great man has now spoken after news broken by this website that the FCA is not going to do anything about such a slam dunk fraud.
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