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Re: MrBaser post# 2332

Friday, 10/28/2016 10:19:42 AM

Friday, October 28, 2016 10:19:42 AM

Post# of 3067
MrBaser, Let me say first that I do not follow or know Barry Honig.

What you are seeing is that I follow Dr. Philip Frost, who has been phenominally successful in building and selling companies. That said, even Frost is not uniformly successful and there are many of "his" companies which I've looked at and decided would not get any of my limited investment dollars. You can see where he is invested by going to any of the insider trading sites or the SEC itself, with which the reports are filed. Honig invests in many of those "Frost" stocks.

Regarding Honig, he invests in tons of companies and has sufficient capital that I'm sure he is sent information all the time on new companies looking to do private placement of shares at a discount to current market.

When you invest in early-stage companies, a rule of thumb is that as many as half of them will go bust. Entirely. Another 25 percent will end up as a success, but not a huge win. The last 25 percent will be where the great gains are.

Hope that helped.

All I say is IMHO and not to be construed as investment advice. I know nothing, as informed frequently by my wife.

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