General Stock Ideas

[bar1080]

Well I posted some basic security analysis questions on the LWLG board, mostly about whether the filings were audited. Was promptly attacked by many loyalists wondering why a retired attorney who never buys penny stock would waste time with a stock like LWLG. You can see all the "personal attack" posts IHUB deleted this morning. Some were nasty.

Filings suggest LWLG has a CPA but that firm doesn't actually audit and sign off on the numbers. Misleading.

Supposedly LWLG has $2 million in cash. But the auditor doesn't attest to that. I asked how such a successful and fairly sizable firm runs its own business without a audit. How would LWLG know, for example, that they were free of internal theft which is common in Pennyland. Wouldn't "partners" prefer dealing with an audited business? And how would they uplist without reliable numbers? Fact is, using a trustworthy CPA PAYS!

My opinion: it's an unaudited cult stock with vague tech. Avoid! Seen it a bazillion times before on the OTC. Come back years from now and LWLG will still be on the brink of its big breakout... and it won't be paying a cash dividend. Assuming it still trades.