I have enjoyed and gained a great deal of knowledge about the OTC BB market from the posters on this board and the RD board. I worked on the customer service side (not the investment side) of a large mutual fund co. for many years, and have been looking at Internet bulletin boards for 10 years and am amazed by:
1. My own ignorance of the OTC BB machinations.
2. There are others who are way more ignorant.
Dave, your article on the warning signs of MMM was amazing.
I bought AVBC at $1.00 on a cocktail-napkin-type tip, like a lottery ticket, and wasn't even paying any attention when it pumped to $2.00 a few months later. Rest assured, I'd have take a double in a couple of months, but the next time I looked it was .70 and sinking, so I sent good money after bad (not a lot, my total loss is about $285). But I'm curious, because, next to OTC BB "investors", consumers have to be the next biggest suckers.
My question is this:
I have read all of the posts on RB and IHUB since about January of this year. IMHO, the current pursuit of the "syndicate" probably isn't going anywhere. I would guess if one thing Tom Gillespie has learned, it's how to stay legal. But if that's the case, and he essentially controls all the votes, then can't he keep this up (almost) indefinitely? So what if he alienates Albertson's and other big chains - isn't it a big world? And can't he always move on to "market" in another territory? And pump and dump to raise money to do it, all the while stating his good intentions, and then "they don't work out" (darn it).
All the while with a product which is now, from what I hear, 11 years old, has no natural ingredients, no patentable processes, has a (actual) bitter aftertaste, no production, no revenues and no profits.
Thanks.
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