Mike talked for about five minutes regarding FTD's and naked shorting. He did mention that management was certain it was occurring and their way of dealing with it was to grow the company's revenues to a sizeable level. Then, when they reveal the financials, the disparity between the company’s actual value and the value the stock market has assigned would so great, the short sellers would be forced to cover.
The Pinksheet scams that have been the worst IMO are those that consistently release unverifiable PR’s ala SLJB. PBLS is just the opposite, they are not pumping the stock through the press but have remained rather circumspect with information. We don’t have quantifiable financial numbers but we do have verifiable businesses in excellent sectors with long term personnel in place. They are quiet but the growth is evident.
I will admit to being “pissed beyond belief” when we hit the .006 range. Now, I do believe this Phoenix now has a relatively good chance of rising from its ashes at this point in time.
This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.
