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I've done absolutely zero dd on this company. However, from reading the posts on this message board, it appears the company already has a working product with revenues. That is FANTASTIC.
In a previous post, I said this company is likely a scam due to Ray Willenberg being involved. I'd like to retract that statement.
Here's my official opinion:
Ray Willenberg is a liar. There are no if, ands, or buts about it. His only skill is in raising money. The type of folks he's involved with for fundraising are the type of people who don't care anything about the company in which they invest. Their only concern is in being able to get a hefty ROI whether or not the company succeeds.
If I were a shareholder in this company, I'd be asking myself why they brought on someone like Ray. I haven't read any filings. However, I'd be willing to bet this company hasn't been able to get enough funding so they're about to resort to major dilution to get it.
Label me a basher if you wish. However, any reasonable person will see that this is a reasonable post. Hold your shares for crying out loud. But AT LEAST do some dd on Ray. He's as crooked as they come. The share price may shoot to 10 cents. That doesn't change Ray's past and the fact that he swindled folks out of money.
As for me...I've moved on. I haven't been to ihub for probably six months. Just a few thoughts and I'm disappearing. Best of luck to all.
Michael Wolf
All I can say is...WOW. Good luck with that investing strategy. LOL
If Ray Willenberg is involved with this company, it is almost certainly a total scam.
Ray,
If the technology is so valuable, why isn't there anyone willing to buy a majority stake in the company to gain control of it?
Love,
Michael Wolf
Thank you...I know about those. I thought he/she was trading that actual index somehow and was wondering how.
That's an index. Where are you trading the options? What exchange? CME? CBOE? ISE?
Great attitude...I'm sure it has served you well...and has brought you great happiness in this life. Best of luck with it.
So by going to a seminar, you were able to judge the entire education? Hmmm....so the people who invest $24,000 in their top program are getting ripped off? How is it, then, that Investools has been in business for 26 years, and is now being bought out for $606 million?
Hint: Brokerages make their money when people place trades. If you can teach people to be successful with trading stocks and options, then that person will be a long term customer. The biggest problem firms like E-Trade, TD Ameritrade, Scottrade etc. have is the cost of aquiring a customer. The cost of aquiring a customer isn't the problem (really). It's expending the money to aquire customers that are not likely to be around for long.
TD Ameritrade knows that by choosing the BEST education available, they will be able to retain customers once they get them because they're educated, smart investors that are not likely to close an account because they took it down to zero by making poor decisions.
Think about it.
I have to tell you mr. porschy...I've stayed completely away from bb stocks for some years now. RSMI was the last one for me.
With that being said, I have to admit that obtaining $10mm in non-equity financing in this environment is somewhat of an eye catcher for a BB stock. I may start looking into this.
Is the leader of this company fairly competent? Is he a big thinker?
#10...hilarious. LOL
Hey Goldy...we just broke below support. I believe we may be headed down to 7000 to 7400 if you go strictly by the technicals. I'm waiting until then before nibbling more. Bear call spreads is the perfect strategy for this type of market.
Put a bear call spread on...or at the very least...write some calls against it.
I've been nibbling as well...and these strategies help make up for poor entries. Calling the exact bottom is impossible.
October 17, 2008
OP-ED CONTRIBUTOR
Buy American. I Am.
By WARREN E. BUFFETT
Omaha
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So ... I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.
Why?
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.
A little history here: During the Depression, the Dow hit its low, 41, on July 8, 1932. Economic conditions, though, kept deteriorating until Franklin D. Roosevelt took office in March 1933. By that time, the market had already advanced 30 percent. Or think back to the early days of World War II, when things were going badly for the United States in Europe and the Pacific. The market hit bottom in April 1942, well before Allied fortunes turned. Again, in the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank. In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.
Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.
Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.
Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”
I don’t like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I’ll follow the lead of a restaurant that opened in an empty bank building and then advertised: “Put your mouth where your money was.” Today my money and my mouth both say equities.
Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company.
For the record...I lean towards rimsemi1 being legit. There's a first time for everything.
Question for you rim...did Brad seem somewhat sleazy...how was he as a boss...and do you believe it's possible that he brought in the engineers to cover for a scam...or did you guys truly have a breakthrough type technology?
I believe you're wrong about that. Why do people insist on calling people's character into question without any concrete evidence for doing so?
I don't want my posts with excel to be misconstrued as an opinion that rimsemi is legit. There's a chance he's a fraud. My point to excel is he's representing something as obvious, when in fact it is not.
Yep...I remember that now. You did offer to purchase the shares. I still have them, by the way. I don't rightly know where the share certs are. I may frame them someday to commemorate the start of my investing career.
We're still hard working, by the way. Just not blue collar like were once were.
Have a good one.
I guess we all have our view of ourselves...myself included. (LOL) I may have chosen words other than kind and humble if asked to desribe you...but I've never met you in person or spoken with you at length. Words on a message board don't always accurately convey emotions/passions in their intended way.
Lycus...all I can say is that the opinion you've formed of me is incorrect. I don't hold it too much against you as you don't really know me personally. However, I'd be lying if I said you had not rubbed me the wrong way in the past.
By the way...I put excel on ignore. After 8 years, I've really had enough of him. I received 6 separate private messages in support of my argument.
Excel..you received how many? Oh yeah...I won't see the response. Have a nice day.
I do not feel particularly compelled to defend my huge ego. Yes...I have a huge ego. And you don't?
Too bad you're on the outside looking in...and have no idea what is....or what is not going on with the Gary Emerson inquiry.
Am I a graying white knight? I guess a person's perception depends on the amount of information a person has access to, doesn't it?
Have a swell day.
mistake- 1. an error in action, calculation, opinion, or judgment
deceive- to mislead by a false appearance or statement; delude:
Please show me in his post where you get that he was intentionally trying to deceive rather than simply being guilty of listening to a lawyer and not researching. You refuse to answer that question.
By the way...the lawyer could have had the employees refrain from posting on message boards to keep from accidentally or inadvertantly giving out information that may possibly lead to an SEC violation. I work for a public company and I'm not allowed to post any information ANYWHERE. I'm not even allowed to participate in user groups. The company said that to me, and I haven't questioned it. Am I being deceptive?
Are you scared to enter into the contest...or are you planning to dismiss it as childish to save yourself the embarassment?
Why don't you take a moment and explain the deception used? I'm not seeing where it's anywhere near obvious.
OK...I read his posts. I didn't find anything. What did he say exactly that causes you to be so sure he's a liar? Please be specific.
OK...I can go along with that and not disagree.
Answer one question...if someone isn't nearly as astute as you, and they choose to trust a lawyer, does that make that person a liar if they follow his instructions?
Excel...this part of your argument is invalid.
If a lawyer told me not to do something because it was illegal, I wouldn't bother taking the time to go through painstaking research to validate.
You sure are quick to throw around accusations regarding someone's honor and integrity. What's wrong with hopefulone giving someone the benefit of the doubt to some degree?
You were once on board with Ray and JH while others knew it was a scam. They didn't question your honor. What's the difference in this case?
I think you're wrong about hopefulone.
Well there Dr. Halston...I guess we'll see. :)I study demographics along with economics...and I believe we're in for a rough ride in the very short term...uptrend in the intermediate term...and screwed in the longer term (starting at the end of 2009 or so).
Thanks for the advice. I'm only buying stocks that are defensive in falling markets (consumer staples) and in an uptrend (defying the market)...OR are in the financial sector and have held up quite well despite the selloff. Smart investors are buying when the fear is HIGH...and selling when the greed is high.
No falling knives here...that's certain death. If you'll look at the stocks I'm buying, they're not falling with the rest of the market.
I disagree. Right now is an EXCELLENT time to be nibbling on fundamentally sound stocks. Fear is at a MAJOR high as witnessed looking at the vix. The fearful are selling out...creating this panic. The cool hands are nibbling...and easing into some stock positions for the long term.
jpm, usb, wfc, cpb, gis, cl
OT: WOW...you have quite an imagination. I guess you can read into my post whatever you wish.
I don't really hold it against you as I appreciate all kinds of different personalities. You're probably not a bad guy at all. However, you tend to spew venom when you feel you're being challenged.
As to your comments regarding my choice of religion...a majority of people voted to crucify Jesus Christ because they didn't understand that he was, in fact, the Christ. They leaned on their own understanding, and on the understanding of men, rather than praying and asking to know for themselves. I caution you against doing the same towards my religion. You may very well think you know what you're saying. I submit to you that you have no idea whatsoever. http://mormon.org
By the way...I am not a returned missionary. I joined the church after missionary age (19 to 21 years old) because I looked past the garbage that was supposedly the truth, and found out for myself.
Good day sir.
Lycus
"toady the Toddy" has an elevated view of what goes on regarding the road to riches probably because he hangs around folks who have integrity and are honest, and have also managed to achieve success.
It seems your view is dim. What do you think causes that dim view?
Gosh dangit, Lycus. You caught me. You have me pegged to a tee. I've made my money dishonestly.
Buying a house at 75% appraised value and selling it for 90% appraised value to a long term investor is a crooked game.
I think I may go into the crooked stock market game. You may have heard of the dishonest strategy of buying a stock when it's low...and then turning around and selling it when it's high?
I hope to get away with it long enough to make millions more.
LOL Halston. You don't even know me. I've made my money by following correct principles. I don't hold your view against you as it's obvious you have no idea.
Figure out what you want...learn the principles required to obtain it...align yourself with the principles...and it's YOURS. THAT'S AN IRREFUTABLE LAW.
Lycus-
Your few examples hardly make up 90%. If you want to view the world as foul....go right ahead. I'll readily admit there are many who gain their money in a dishonest manner. However, I happen to personally know many wealthy individuals, and each of them are honorable citizens.
Your view of the world is jaded...probably by those with whom you associate...or perhaps even by your own thoughts/actions.
90% of anyone who has truckloads of dough got it from being corrupt, including the vast majority of politicians.
Halston...you have NO IDEA what you're talking about. Most people who have truckloads of cash are some of the best people you'll ever meet in this world. They're generous, kind, and got their money honestly. (politicians being a possible exception).
PS Guinness is good for you.
PS Guinness is good for you. (for Elder)
Things were out of balance...I hope you never forget again.
PS Guinness is good for you.