Friday, January 16, 2004 11:21:41 PM
Some Random Thoughts and DD...
The volume of the past week in tandem with the + price movement has garnered some attention I'm sure. I am certain there are others with a better understading of Finx Group than I but regardless I'll share some of my DD.
There doesn't appear to be much, if any news which suits me just fine. An abundance of fluffy PRs leads me to believe that a company may be more interested in its PPS than it is in fulfilling its business plan.
For Bios on the principals my site of choice is Forbes:
Lewis S Schiller
http://www.forbes.com/finance/mktguideapps/personinfo/FromMktGuideIdPersonTearsheet.jhtml?passedMktG...
Up until this past week 1 share of FXGP wasn't even worth a single penny and is currenlty valued at less than a cent and a 1/2. In my opinion a large part of the justification for that type of performance can be found here:
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001085711%2D03%2D000029%2Etxt&FilePath...
Of course those results only speak to a period up to September 30th, 2003 and that was over 3 and 1/2 months ago. I am one who believes that alot can happen in just one week, let alone 12 or 15.
In the 10QSB on page 8 section 4. 'Exclusive License Agreement' there are details on the GIL 2001 security door which can also been seen here:
http://www.securedportalsystemsinc.com/sps_001.htm
That's enough for now...I'll post more later
FWIW I do consider FXGP extremely risky and I strongly suggest that any considering an investment to do their own DD and to assess their own level of risk tolerance. I consider it a possibility that I could lose some or all of my investment.
The volume of the past week in tandem with the + price movement has garnered some attention I'm sure. I am certain there are others with a better understading of Finx Group than I but regardless I'll share some of my DD.
There doesn't appear to be much, if any news which suits me just fine. An abundance of fluffy PRs leads me to believe that a company may be more interested in its PPS than it is in fulfilling its business plan.
For Bios on the principals my site of choice is Forbes:
Lewis S Schiller
http://www.forbes.com/finance/mktguideapps/personinfo/FromMktGuideIdPersonTearsheet.jhtml?passedMktG...
Up until this past week 1 share of FXGP wasn't even worth a single penny and is currenlty valued at less than a cent and a 1/2. In my opinion a large part of the justification for that type of performance can be found here:
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001085711%2D03%2D000029%2Etxt&FilePath...
Of course those results only speak to a period up to September 30th, 2003 and that was over 3 and 1/2 months ago. I am one who believes that alot can happen in just one week, let alone 12 or 15.
In the 10QSB on page 8 section 4. 'Exclusive License Agreement' there are details on the GIL 2001 security door which can also been seen here:
http://www.securedportalsystemsinc.com/sps_001.htm
That's enough for now...I'll post more later
FWIW I do consider FXGP extremely risky and I strongly suggest that any considering an investment to do their own DD and to assess their own level of risk tolerance. I consider it a possibility that I could lose some or all of my investment.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
