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Sunday, July 23, 2006 12:45:40 AM
cable.....there is absolutely nothing about this that I don't know already....various red flags are everywhere with penny stocks and that is why I have never ever said that playing these was anything but a gamble.....this happens to be one I like and it's an informed gamble. I tried twice to make basically a single point......a single point. I'll try again....IMO the last quarterly was NOT POSITIVE in the slightest and my point was and remains.....why put out anything at all? He didn't have to say didly about anything. The CD halt had not been announced at the time and 8 billion had been added with the CD still in place....so what "nefarious" reason was there to put out a quarterly of any kind that basically said "hey boys, there's an additional 8 billion out there and looks like more on the way through CD conversion".....? Once again, I'll say that if I was the CEO of a pinkie and didn't want any kind of negative coming from me, I'd just shut up and busy myself putting out as many bright little cheery PR's as I could muster.....I most definitely would NOT have put out something that read like that document did.....and your point about it being unaudited makes it even more unusual because with an "unaudited" report he could have crafted it in glowing terms - who would know otherwise? The TA certainly isn't saying a thing so the only one who could have laid that downer on us was Sandy - no one else.....I'm not at all unfamiliar with Sandy's past adventures so what was he hoping to accomplish by voluntarily revealing what in my opinion was nothing but bad news? If that was his attempt to promote the stock then that's a new one on me.........the only conclusion that I can reach - and I understand that logic can be expensive - is that he chose to put out the facts truthfully.....as annoying as that concept may be to some. If you have another explanation based on what I've just outlined, I'd love to hear it......
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