Platinum Research Organization, Inc.(fka PLROQ)

[shaw]

Due Diligence

It comes in all forms. VC firms normally call customers, suppliers etc to get all kinds of 3rd party information before they make an investment. You get much more unvarnished information by talking to these people...they'll tell what they like and don't like -- i.e. they are a little more independent. This was done by the VCs at the startup company I worked at. I'm just doing the same thing.

Since I could not see the info on Whitmore's website, I called the 800 number on Whitmore's website. I got the receptionist, told her I wanted to speak to someone about Railmaster grease and she put me through to the manager of rail lubricants. I told him who I was and that I just wanted to know about the product that they had with PRO because I did not see it on their website. He was happy to talk to me about it.
http://willprice.blogspot.com/2005/07/due-diligence-customer-visits-and.html
Some companies even make a business out of it...hmmm, must be a good thing to do???
http://www.callidon.com/what/acquisition/customer/

"I also have doubts they will be offering a product that has not gone to testing because god forbid an accident happens companies can be lieable(sp) for millions upon millions for such oversight."

Not sure what you are referring to by this statement. I said the testing with BNSF (Burlington Northern Santa Fe) would be done in the next 2 months....from my previous post, I said"Testing will be done in the next 2 months and they believe the testing is basically a formality."

"I have never heard that a company will discuss details, plans and explain their future income with any JOhn DOe that calls the company."

Brainiac, I was talking to a mid-level manager at a private company, not to the CEO or CFO of a publicly-traded company. Do you understand the differences in these 2 things?

Unless you are as I have always said someone with PLRO.

That line is just getting old.