Happy New Year! I started this blog a year ago and mostly focused on what I was calling “WTF platforms“, but with a new year I will use a new term: “questionable platforms”. So which 15 platforms have got my attention?
You forgot to include Lenndy, which misled investors by showing better than reality performance. Giantus, Lenndy and First finance - same owner, but they are likely to have shifted all performing asset to Giantus and leaving all the shitty ones with First Finance.
Central Bank of Lithuania notified law enforcement in Lithuania and Latvia regarding Lenndy potential conflict of interest, information disclosure and potential misconduct between same owner's group companies:
You forgot to include Lenndy, which misled investors by showing better than reality performance. Giantus, Lenndy and First finance - same owner, but they are likely to have shifted all performing asset to Giantus and leaving all the shitty ones with First Finance.
Central Bank of Lithuania notified law enforcement in Lithuania and Latvia regarding Lenndy potential conflict of interest, information disclosure and potential misconduct between same owner's group companies:
https://www.vz.lt/rinkos/2021/01/21/investuojantiems-i-paskolas-per-lenndy-riziku-materializacija-lb-kreipesi-i-prokurorus
"high risk, low reward" . What would you call a High risk/high reward and low risk/high reward asset?