Here's another post I copied from RB in response to the success rates of companies listed on the Pink Sheets:
Heck, I'll go one step further and estimate that most pink sheet companies are destined to fail anyway. They are listed on the pink sheets for a reason. Most are in the beginning/developing stages of their existence and usually have SEVERAL hurdles to overcome before they succeed. The #1 reason they fail (in my opinion, of course) is the lack of revenue coming in until their project gets off the ground...that's why soooooo many of them issue millions of shares to survive.
However, IF the company has a viable product that is in great demand AND manages to promote it properly, the odds of its success go up dramatically and the O/S (outstanding shares) are usually offset by the enormous profits coming in from their sales. THAT is the reason why I am upbeat about the future of Airbee Wireless...
1) They have the License Agreements in hand to generate revenue.
2) They have a viable product that is in great demand or we wouldn't continue getting License Agreements from the Big Boys AND their customer lists.
3) ABEW's management team has built this company from a few software engineers with limited knowledge, to a huge team of 40 engineers with multiple software products for the ZigBee Wireless Industry - which happens to be one of the hottest technologies worldwide!!!
It's one thing to have a viable product that is in great demand, but it's a totally different situation when your product is already integrated into the electronic components of SEVERAL major chipmakers and semi-manufacturers that are about to produce their products in mass quanities.
How many companies would love to be in our position - whether they be Pink Sheet/OTCBB/AMEX/NASDAQ/NYSE???
Will ABEW become part of the 5% who make a huge success? I believe they will. And YES, I have put my money where my mouth is. I think this show will be starting sooner than we think!!!
Good luck to all longs.
abew4me
Disclaimer: All comments are just my opinion and should NOT be considered as factual.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
AI
