Bogee - you are right that pinky land has element of gambling involved. However, the risk can be reduced with due diligence and by selecting sub penny stocks that are not outright scams. We should look for companies with potential, that can generate their own operating revenue, and with a good business model and a capable CEO who can make the Company a success. We should read the CEO's or CFO's bio and see if we can trust them. What have they achieved. Above all we should trust our own gut feeling at the end whether we want to invest or not.
Bitzio meets most of the elements that I mentioned above. And thus the reason why I invested in it. If the CEO fails to turn things around then our investment failed. It won't be because the CEO did not do his job. I don't see an outright scam here. I see an honest company trying to make it big in the fashion industry. Lots of diligence from the Managment to accomplish their goals and expectedly some bumps here and there which is normal for any business. Especially for pink sheets. If you think people should not invest in this stock, then 99% of the stocks I have seen in pinky land should be called a scam. Why just post message here, you should post the message in all those 99% of the boards....
Pinky land of course has risks.... But what is the purpose of us trading in pinky land: risk all to earn exponential profit. If investors did not want risk, they would rather buy Apple and Berkshire Hathaway stocks. Why stumble on this stock message board in the first place. To wrap it up, I don't intend to flip this. Here for the long haul. Have a great weekend!
