Here is a link I found on the G8 education website to a report promoting GEM, G8 education. The report was undertaken by a company called Petra Capital PTY LTD who was paid by G8 to capital raise by promoting G8 shares::
http://www.g8education.com/broker_coverage_reports/index.cfm?fuseaction=get&id=115
Disclosure
Petra Capital Pty Ltd and its associates, officers, directors, employees and agents, from time to time, may hold securities in companies researched by Petra
Capital Pty Ltd and may trade in these securities either as principal or agent. On 29 September 2010, Petra Capital raised $13M for GEM via the issue of
18.9M shares at $0.69/share, for which Petra Capital received a fee. On 9 February 2011, Petra Capital raised $18.9M for GEM via the issue of 21M shares
at $0.90/share, for which Petra Capital received a fee.
Also contained in the report is this:
GEM’s shares have fallen for three reasons:
i. Concerns over the outcome of the settlement issues
in Singaporean Cherie Hearts acquisition;
ii. The press reports about Jenny Hutson (Chairman).
The allegations of impropriety in defending her other
company’s (Wellington Capital) interest in managing
the Premium Income Fund (PIF), which has led
some to question the corporate governance regime
at GEM;
iii. The slower than expected acquisition activity in the
Australian market.
Looking forward
· In our view, these issues are now close to being
resolved and the market is likely to move on as the
newsflow returns to acquisitions, rather than problems.
i. The court hearing in Singapore is next month and it
is our view that the judgement in Oct/Nov is likely to
see GEM take ownership of the disputed centres.
ii. The battle for PIF is likely to continue, but the
allegations against Jenny Hutson were dismissed in
court.::
GEM shares have been trading between 55 and 65 cents over the past 10 days. Pays to do your own research and not rely on 'Broker Reports' that stand to make some sort of a financial gain relating to the company they promote IMO. Seamisty