Friday, April 13, 2007 3:40:48 PM
But AFs are what catches potential buyers and backers and gets these extremely rare (i.e. professionally managed and transparent) pink sheets companies rescued from the pinks.
The only reason for a legitimate company to be in pinks is to raise public cash in order get out the pinks. All the other pinky companies (about 85%)are in existance soley to pump on false news and prey on the innocent investor.
MMs and naked short selling are always going to succesffully debilitate all pink stocks both honest and dishonest. You combine that with day traders and flippers who don't have money and are looking for a quick profit and to move on, and you have a very leacherous world here.
But EFGO will move up to OTC, which is still heavily plagued with MM manipulation and illegalities but less so. And it will reach pennyland and beyond, I say 0.0770 by March '08, G-d willing, but only by getting bigger and reputable buyers and backers interested. And the only thing that interests these boys is promising performances which are expressed in AFs.
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