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‘I’ve won the war’: Stock Swami declares early victory against Kumova

Tom Richardson

Defamation defendant Alan Davison used Twitter on Monday to declare that he had won the war against sharemarket entrepreneur Tolga Kumova and the shameless promotion of his stocks by others, despite the fact that Justice Michael Lee has not delivered a verdict in the Federal Court trial between the pair.

Mr Davison – better known by his Twitter profile Stock Swami – also claimed that whatever the outcome of the legal battle, Mr Kumova had destroyed his own reputation as shown by the results of his re-election to Aston Minerals’ board and disregard to comply with his 671b Corporations Act obligations.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/i-ve-won-the-war-stock-swami-declares-early-victory-against-kumova-20221219-p5c7g2