Serf, this guy on the MNCS board says he's read the article and this is what it says:
Posted by: fivespicerub
In reply to: The_Free_Nebula who wrote msg# 98 Date:10/7/2006 5:03:49 PM
Post #of 109
I admit it sounds good but this is what David Baines had to say. High-interest loans to high-risk borowers is a popular theme in penny stock promotions. The business model has appeal because it promises high rates of return but the less appealing fact is that high risk borrowers usually have high rates of default. Earlier this year, the BC securities Commission issued a cease-trade order against Insta-Cash Loans in Nanaimo, which used the same business model but suffered a heavy default rate and dissolved in a ponzi scheme.
Posted by: fivespicerub
In reply to: The_Free_Nebula who wrote msg# 101 Date:10/7/2006 5:38:19 PM
Post #of 109
This might be something to think about. In the article it say "It's an investor's dream," Konrad Imielinski, remarked on the website Seeking Alpha, which publishes stock market opinion and analysis. " Ihave been following the mysterious Manchester Inc. for quite a while now and the brilliancy of its performance is dumfounding." The stock seems too good to be true. May 15th was the last day prices had a negative downtick. The daily pattern in which this stock continues to progress is shocking; it moves in penny-like increments" John Woods, editor of Vancouver based Canada Stockwatch, took on look at the chart and said, "There is no contest between buyers and sellers here. Somebody appers to be fooling with Mother Nature." Woods said he had never seen anything like it before, whis quite a satement from somebody who has been flowwing junior stacks for 39 years.
