Let’s test that: The share price fell from $28.80 after VGI’s report and its lowest subsequent close was $20. So even if retail investors had dumped 15 million shares at the very bottom, the maximum loss would be $132 million. But in fact a total of only 10.1 million shares were traded over those two days, largely churned by day traders. Pherous plays fast and loose with the facts and wonders why he’s a juicy target for short sellers?! Queenslanders.
Oh, and Corporate Travel “became so worried [about VGI’s tactics] that they eventually called the Federal Bureau of Investigations.” Seriously? What next? NASA? The Men in Black? Or Ethan Hunt’s Impossible Mission Force?
One piece of housekeeping that has occurred is the removal of the corporate social responsibility page on Corporate Travel’s website, on which the company used to claim that “we provide TAFE scholarship opportunities in Queensland that are supported by RizeUP, a community-driven organisation dedicated to supporting the many families affected by domestic and family violence.” But nobody at RizeUP or TAFE has yet been able to tell us anything about these scholarships, or if they even exist. Weird, right?