Lessons learned on buying junk like this. Yes, I still own this stock. I bought it when it was .08! I keep it in my portfolio, so that when I log into my trading account, I see the $2.50 balance sitting there, to remind me to NOT be so stupid in the future. For those of you who still think this is a good company, let's take a look at what we got:
1. The Website - Now that I look at it with not so rose colored glasses, I see this is a loser. Why? First off, my nephew, who is 9, can make a better website. They are SO PROUD of their buildings, they have all of 6 pictures of them, postage stamp size. The ringer? Go to CONTACT US. A REAL company would have names, e-mails, phone numbers. All you get there is a little window for you to send THEM some information. This is a first clue that this is really a guy in either his bedroom, or a small office Lord only knows where.
2. The business - Again, WTF? When I read the PRs, and read about what this company does, I figured "Wow! What a great idea and concept!" Well, something must be up, because NOTHING is happening! Come on, who in here couldn't make large sums of money with this concept JUST IN YOUR OWN NEIGHBORHOOD!! So, either the concept really is NOT that great, or the management is just really bad.
3. The PRs - Like all pinks, PRs mean less than the paper they are written on, unless they are SOLID FINANCIAL TYPE PRs. "We are going to build this....We have orders to build that..." All a joke. We went from building homes in New Orleans, to utility rooms for telephone poles. If this was SUCH a great concept/innovation, don't you think New Orleans would have been jumping ALL OVER IT, and rebuilding some lower income portions with this GREAT INNOVATIVE BUILDING THAT LOOKS GOOD!!?? If we haven't heard anything by NOW about those homes in New Orleans, it just didn't pan out. So again, either the home itself sucks, is non-existent, or the guy running the show just plain sucks.
4. - Management History - We all know the MHUS story. IT IS BEING REPEATED. A leopard does NOT change his spots. Someone asks "Why would Flannery want to bring this down, blah, blah...?" Simple, because it is EASIER TO PRINT MONEY THAN WORK FOR IT. If it is all a scam, which I REALLY think it is, you set up an office, come up with a CONCEPT, put up a pathetic website, and start churning out shares. One day it will all end, so just do it again. It is easier to print and sell millions of worthless shares than to work late hours, market, sell, etc...
Overall, I am pissed, and learned my lesson. Flannery will NOT care a damn about what the 'investors' think, because the whole point was to take your money, which he did. I am sorry, but if this was such a great idea and concept for housing, we would have heard about it by now from other sources. Don't you think a news organization would be all over this? We all got suckered, and we should all learn, and move on. I just REALLY needed to vent, sorry.
