Thursday, June 19, 2008 10:35:08 AM
It's overly obvious that IAHL has no money otherwise moving through a pink sheet would make no sense. Statistically, going through a pink sheet in this fashion is a clear sign of over reaching your grasp. But, it also isn't a guarantee.
There are valid reasons for going the pink sheet route. I've explored them. If, from what I can gather, this company transferred for the amount I think it did, it might make sense. Has anyone ever really researched going public? Gotten down to sitting in a room with people who would take care of it and haggling dollars? I explored the route and got numbers. For me, it came down to the time frame I was working with as to buying existing or starting from scratch. The numbers get pretty intimidating pretty quickly.
However, once I had shares, the flood gates would open. I had a lot of financing offers that were contingent on having a publicly traded stock. The offers almost universally involved blocks of shares as well as notes. But as long as the shares were private, I had no offers.
In the end, I opted to stay private. The main reason was the inevitable having to deal with the characters that inhabit the land of pink sheets. I know without a doubt to my very core that people calling me to get information would be told in no uncertain terms where to go and what they could do once they arrived. It would be a poor move in terms of investor relations, but hey, I know myself well enough by now to know how that would all play out.
IAHL is moving very much the same as I had planned to. That's what's maintaining my interest. Bits and pieces of what's been said seem to fit perfectly. It's not until you try and read between the lines and make far reaching assumptions that things start looking sketchy.
Bottom line is that if IAHL is really doing what they say they are, it would seem to be going about as one would expect. It's not playing like your typical pink sheet but there seem to be the same shenanigans taking place on message boards. It's one more reason I'm intent on watching this play out. Even the share price isn't moving like a normal pink sheet. This one has some people thinking twice.
As I said earlier. Just play it for what it end up being. Keep your options open and there will be money to be made one way or another. The PRs are describing a horse but that doesn't mean it's not a camel.
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