I see from last weekends Sunday Independent that the Brendan Investments company have had to update their prospectus information with some more up to date information than their original 14 month old reports.
This old information was reported by Shane Ross in the previous weeks Sunday Independent and I wrote about it here.
Based on this new updated information, anyone who has already signed up for the product will have 48hours to back out of the deal. I wonder how many people will read the updated report. How big will it be I wonder – could it even be read in two days? Actually, I see it’s 31 pages and available here.
After a cursory look over the first couple of sections, if I was an investor, I know I would have preferred an updated report in the format: “Originally we said this, but now we’re saying this…”