Mensa Mining Corp (EQBM)

[CheezyTang]

In my experience...
I have found that when there is direct contact with a pink sheet company's CEO by pink sheet retail investors, especially when the CEO is insulated from any obligation and responsibility for his/her words to said retail investor, the news that we all expect that was provided during that conversation is not exactly what we are given, if provided at all.

Deals? What deals? The deals that are vague and inconsistent?

Point being, if you want to hold the CEO accountable for his/her actions, you must have it put down in writing, or in a taped conversation that the CEO knows is being recorded. We must use the official company records, and when we see 3 million in admin costs on an unaudited financial, we should not take the word of the CEO in an insulated phone conversation where there is no accountability for the CEO's words.

It is a hard lesson to learn. The CEO in EQBM's case, kept shareholders hanging on for just a bit longer, each time, so IMO, he can trade his company shares against the outstanding shares of the retail investors. This is what many companies do. It is not fact that EQBM did exactly this, it is my opinion.

The best thing that can happen to the CEO is to have retail shareholders buying up the float, and arguing against eachother in the classic, "basher/pumper" fight. As shareholders turn to their convictions against other anomynous posters and say, "tomorrow, I buy more cheapies" (and do), the company in many instances, sells their shares. And since, in many cases, the TA is gagged, we will never know.

This is pink sheets. This is how things happen. The trick is, to find the moment when the CEO goes for a pump....it happens. But, now that many retailers are just sitting and waiting for said pump, it is not in the CEO's interest to pump it up, because the purpose of the company's pump is to sell their shares into your buys. But, right now in EQBM, if there is a pump by the company, the CEO KNOWS that there will be many more sells and the CEO will not be able to dump his shares.

So goes the circle of investing.....now, here is the scenario that could very well play out here, IMO.

Many shareholders sell their remaining shares in disgust. Enough shareholders have sold to make it in the interest of the CEO to pump it to get a new group of faithful longs into his stock. Because the message boards went dead, also in disgust, the new group get hold of it and starts to talk nicely about the company and some call the CEO. Then, as if magically out of thin air, a HUGE PR comes out claiming something like a great mining find, or an acquisition deal, and the previous shareholders that sold for a loss, get angry that they sold and blame the posters that "bashed" the stock in the past.

There it is, in a nutshell. This is why I always told some that I enjoyed talking to, to let the board go quiet, stop buying for paint, and for "cheapies", and please stop making direct contact with the CEO.

Dan