HM, yes, all of us learned from our time together on this board, though the lessons will probably vary across a broad spectrum. For the moment I can only imagine what the poor Shlemazel (sometimes only Yiddish will do) - the guy who probably bought at 1.5 cents yesterday and sold for half a penny today - must be feeling. I do hope that one or more of the more recently unfortunate folks will post on our board here and share how they got roped into buying a stock that the key executives buried in their most recent two SEC filings regarding proxy statements.
Even though I don't invest in penny stocks, the "free" lessons I learned here may be worth sharing:
1. If a stock has a pump and dump history, it should probably be avoided on a lifetime basis, not merely be "suspended" for some number of months or years.
2. Family companies with family/corporate transactions, no matter how well explained in SEC filings, probably ought to be avoided.
3. If a company stops maintaining that part of its website pertaining to shareholder relations, that's a sign that it's time to sell the stock.
4. If a company states that it's looking for additional capital and more than a year goes by without even a progress report, that's sufficient reason to exit the stock.
5. If a company makes public its multi-year projections and then doesn't report on how subsequent financial results would impact those projections, that's a big warning flag.
6. On the "soft" side of lessons, I've learned what a decent core group we've had on this board during the past year or two. I hope that whatever legal steps you take will prove rewarding (lest I forget, consider getting depositions from the market makers as to what, if anything, they were told about how the company was doing and when they were told).
...and now it will be interesting to see what further gyrations will go on with this stock, as soon one of the key questions will be answered: were the key players in VHUB eager to go private via PLY, or was the key player in PLY eager to go public via the shell/merge route with VHUB (just like how VHUB began as a reverse merger with DogInn)?
Good luck to all!
