Greetings all,
I'll fire the first shots since I'm in Sydney and the time difference suits my posting here:
Maddog, I can't agree more with your assessment: the Pinks are loaded with companies that have huge revenue and earnings, explosive future potential and 2-3 t's to cross before they get listed on the big board. I've lost plenty of coin believing their BS PR's!!! That said, investing in the pinks is a no-guarantee balencing act between the two opposite poles of 1. Scam and 2. early buy in opportunity.
I still invest in the pinks because I have nailed a few 15 baggers and profits like that offset a lot of 35% losses in other positions. In this case, I'm leaning toward the legitimacy of the company. I'm also waiting on the sidelines until the PPS dips lower because I really don't believe that the auditing will be done as soon as some members of this board suggest. Consequently, there will be delays IMO, which happens to all companies. Unfortunately for the Pinkies, delays are a bit less palatable than for listed companies. Factor in the lack of solid 411 and the unknown variable of doing biz in Vietnam (as well as the recent selling) and the picture is anything but clear.
FWIW, I want to believe the photos and the PR's as much as the next guy, but I'm willing to wait and see if the company can actually execute what they claimed in the time frame they themselves established.
Good luck longs. I hope all your optimism is justified.
