I find it absolutely unbelievable, that just about every PR released by any of the OTC companies is worded, as to be so ambiguous. Remember back in high school when our English teacher was explaining the 5 Ws of good journalism (Who, What, Where, When and Why) and how we were told to carefully scrutinize anything released by the press. Remember how the teacher told us about, how the press would go to great lengths to create ambiguity, and to always reread everything very carefully. Well nowhere are those teachings more true than on, the NASDAQ Stock Exchange and its affiliated branches. As I stated in some of my earlier posts, that these press releases, are written by very skilled writers and carefully prepared in such a way, as to straddle the legal boundaries. The devils in the details or the lack of details, which seem to be the predominate of the two.
Right now, I would bet that, there are firms that specialize in preparing the press releases for the OTC companies. Try looking in the Yellow Pages under OTC Press Release Writers Guild, this would be a good start. I would even double my bet that these are the same firms and represented by the same writers guild, that write the messages in the Chinese fortune cookies. If it wasn't our money on the line, it would be comical. Sure there are a few gems listed on the OTC and I hope this is one of them, but overall this market is a very carefully crafted to create a fast action high rollers game where the companies and MMs always have the upper hand. Unfortunately we would have better odds in Vegas, sad but true! I just can't help but to think back, when before the internet we had to use one of those softball sized black 8 balls to get the answer to any of life's great mysteries. We would just pick it up, shake it, and read the message in the bottom of the murky black liquid filled globe. Remember how simple life was back then, no matter what question you asked, it never gave you a definite answer, but it was never wrong either.
International contracts have traditionally been written, in French, as the French language is considered to be more concise and less ambiguous. The English language is notorious for having more than one interpretation. Take my opening statement "I find it absolutely unbelievable, that just about every PR released by any of the OTC companies is worded, as to be ambiguous" this sentence can be interpreted to mean two entirely different statements. The word "unbelievable" can have two different definitions, it can mean either "amazing" or it can mean "unlikely to be true". I wrote the statement with the intentions of conveying a message, based on the first definition of the word "amazing" as I wished to convey emotion. If the reader read the statement using the second definition of the word "not likely to be true" the statement would have had the complete opposite meaning that I intended to convey.
A better choice of words would have been to substitute the first definition "amazing" for "unbelievable" thus removing any ambiguity. Think about it, using the second definition the sentence reads "I find it absolutely (unlikely to be true), that just about every PR made by any of the OTC companies, is worded as to be ambiguous." in this case the statement is supporting the honesty of OTC companies, kind of sounds like something a lawyer would say in defense of his client. Now compare this to "I find it absolutely (believable), that just about every PR released by any of the OTC companies is worded as to be ambiguous." this statement is closer to what the plaintiffs (complainant) attorney would argue and closer to my intended message. So which is it "I find it absolutely (unbelievable)(amazing)(unlikely to be true)(believable), that just about every PR released by any of the OTC companies is worded as to be ambiguous" The English language is inherently prone to misinterpretation, even the simplest of statements needs to be carefully analyzed, remember its your money.
This leads us to review our options in regards to interpreting OTC Press Releases, as I see it we have three.
1) The members of I Hub can consolidate some of our funds and hire a French diplomat stock guru to act as our liaison between us and the OTC companies. This being our most thorough yet costly option, would still have some disadvantages. One of which would be timeliness, the PR would have to go from the company to our French liaison stock guru back to the company and then back to our French liaison stock guru. This back in forth, back in forth, etc, could go on for weeks months even years. Another major disadvantage of using our French diplomat stock guru is that we would eventually get the truth. Lets face it, we're playing OTC stocks, do you really want the truth, this option could end up costing us even more money, for the therapy and meds we'd need.
2) We the members of I HUB could get together and start our own company and become stock guru's. We could name our company THE STOCK GURU, are specialty would be interpreting OTC Press Releases. With this option we could actually make some money, all we'd have to do is go to a restaurant wholesaler and buy one of those big boxes of Chinese fortune cookies, and BAM!! we're in business. The way I look at it, there's a huge market niche for a company that would specialize in interpreting OTC Press Releases. Our clients would call us up and ask us to interpret a press release and all we'd have to do is reach in the box and pull out a fortune cookie and read it, move over Crammer!!
3) Our third and probably our most realistic solution to accurately interpreting OTC press releases, would be going back to using one of those softball sized little black 8 Balls. Not only can it interpret all of our OTC Press Releases it can also answer all of our questions concerning life's greatest mysteries as well. We would always have confidence that our little black 8 Ball could go against the best of them. Not even Madam Blavatsky's crystal ball would have one over us. So until the next OTC Press Release, be sure to stop by some garage sales and maybe you'll get lucky and come across the worlds greatest OTC Press Release Interpretation Device known to man. Until the Next OTC Press Release GTLA! Just a little humor to get us through a truly crappy day, that is if you're a long, and for all you happy shorts you can all go to H$ll we'll win in the end.
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