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Re: pumma post# 17847

Thursday, 06/05/2008 6:37:34 PM

Thursday, June 05, 2008 6:37:34 PM

Post# of 18807
pumma...The Kenny Wallace shlock wasn't believed by many. We've had the discussion almost 4 months ago...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=26835674

"Pumma...Because that PR referred to a

"non-binding" Letter of Intent, that's why. In the world of the pinks it is almost laughed at because non-binders with verrrrry few exceptions have zero follow through.

Generally, there is no purpose to issue them except in an attempt to placate investors or create price support.

Only newbs jump in to buy a pinksheet stock based on a PR-announced nonbinding LOI that has no substantive references to back it up, IMO.

Read Jerry's post #17423, he states the situation well IMO.

Flatsixer"


Non binding LOIs are pure crapola in Pinkville.

Flatsixer




Flatsixer2@Yahoo.com