AI
Thursday, July 24, 2008 11:55:45 PM
Discussion can open minds
Have you ever been around someone that thought they knew everything about a particular subject, but they really didn't know squat? Being a professional in that area and listening to someone tell you how you should be doing something. We all know that type. We all have strengths and weaknesses. Nobody is better than someone else, we are all equal. One thing I am very good at is business, I'm what you call a start-up junkie. There is no better experience than the personal freedom of owning your own business and being able to live a very comfortable life. I work on average 18 hours a day assisting clients with corporate strategy and communicating with their major investors. I spend almost my entire day on the phone. For those that think what I do is easy, they have no clue how hard working on "Wall Street" really is. In theory I'm working right now as I have no other purpose to post here than to try and clear up the fog surrounding who I am. It gets old hearing those nagging folks who blame me for everything going wrong in their life.
Most folks will bring up RVGD. Working for RVGD was the best thing that ever happened to me. Many may think I must be out of my mind to think that, but it is true. The exposure that RVGD brought me allowed me to work with 3 more companies. Each one had strengths and weaknesses, they all had their problems but they all had determined management that were really doing the best they could with the tools they had and the market they had to work with. It has been a pleasure working with each and everyone one of them and I have learned just as much from them as I hope they have from me.
One of those companies was EXPH. There is not a day that goes by that I am not thankful to be working with such an intelligent business man and knowing that my input and advice is actually shaping the outcome of this company. There is nothing more exciting than taking part in building a successful company.
A group of investors in RVGD approached me after hearing I had started up an IR firm. At that time the company had turned into a nightmare for everyone involved. Shareholders were extremely upset and some even sending death threats to the CEO not unlike the way many feel now about RVGD. He had made the mistake that almost every entrepreneur makes when they decide to go public, he retained a "penny stock" shell broker and a toxic 504 lender.
Think about it, your trying to launch your dream company, the only thing standing in your way is money and some guy is telling you he can give you the money you need simply by signing this document.. it is that easy. Then they fill you with all the glory of being a public company, they tell you how prestigious it will make you and how easy it will be to raise money. How many of you know how to take your company public? Would you have to hire someone to do it?
The first thing most people think of when going public is doing a reverse merger. That is the worst way to go public and only misinformed entrepreneurs go that route. Most companies can go public on the OTCBB for as little as $60,000 on a Form S-1. Why on earth would anyone buy a $150,000 dirty pink sheet shell when they can go public from scratch on the OTCBB for less than half?? Why?? Because the entrepreneur didn't know he could and he went to a "used car salesman" shell broker and got bad advice at the benefit of the shell broker. Once you sign the paperwork, they have you by the balls and there is nothing you can do about it. Peter Collorafi found that out the hard way like most first timers do.
I never knew the financial health of the company, but like many start-ups I know cash was tight and cash flows slim. If you think starting a business like RVGD from the ground up is easy you don't know much about business. Access to capital is the life blood of any start-up and for many companies they have no options other than the loan sharks orshell brokers. Getting money from a bank these days to buy house is hard enough let alone trying to raise money for a capital intensive start-up. RVGD is a sad case of bad business dealings, crooked financing and hostile investors.
My heart goes out to the man, that is not a place I would ever want to be. Most "penny investors" are the ones who think message boards are how you conduct DD. You see it all the time with comments like; "Is this a good buy?","Do you think it will go up?", "That IR guy is a scamster because Joenatural said so and he has 300 membermarks so he must be a smart investor". These folks have jumped head first into the penny market with a brokerage account full of cash and wild dreams of becoming a millionaire over night. They have made the choice to become.. the next..... penny stock kingpin!
Well, they never become the kinpin they hoped for, instead they become a broke, frustrated drama queen who posts on a message board along with other frustrated, broke drama queens. It is almost like a support group, except it is a group that causes the problem to get worse for the individual, not better. They spend hours and hours on the board, learning this.. and learning that.. before you know it, they have become that penny king pin in their heads, not because they are making money, but because they have become a tenured message board poster. Problem is, everything they have learned on message boards is what makes them a bad investor or trader.
A few folks wake up one day and see the light. They go on to start hedge funds, open up IR companies, become stock promoters, start thier own business and go public, become serious investors, investing in company's and becoming very involved with what the company is doing.
I'm a true investor relations representative. I have retail shareholders in EXPH that own well over 5% of the company. For a company looking to do $30M by next year, 5% ownership is a big deal, thats $1.5M at a $30M market cap. Right now someone could technically own 5% of EXPH for $48,000. So for a serious investor, EXPH could potential create millionaires. So when I get an email from someone asking me "How many shares are outstanding" or "Is the company diluting stock" I almost want to puke, but I deal with it and I do my best to explain what the company is doing.
Disclaimer: http://www.numarketsolutions.com/Disclaimer.html
Charlatan's Learning Board:#board-9884
Have you ever been around someone that thought they knew everything about a particular subject, but they really didn't know squat? Being a professional in that area and listening to someone tell you how you should be doing something. We all know that type. We all have strengths and weaknesses. Nobody is better than someone else, we are all equal. One thing I am very good at is business, I'm what you call a start-up junkie. There is no better experience than the personal freedom of owning your own business and being able to live a very comfortable life. I work on average 18 hours a day assisting clients with corporate strategy and communicating with their major investors. I spend almost my entire day on the phone. For those that think what I do is easy, they have no clue how hard working on "Wall Street" really is. In theory I'm working right now as I have no other purpose to post here than to try and clear up the fog surrounding who I am. It gets old hearing those nagging folks who blame me for everything going wrong in their life.
Most folks will bring up RVGD. Working for RVGD was the best thing that ever happened to me. Many may think I must be out of my mind to think that, but it is true. The exposure that RVGD brought me allowed me to work with 3 more companies. Each one had strengths and weaknesses, they all had their problems but they all had determined management that were really doing the best they could with the tools they had and the market they had to work with. It has been a pleasure working with each and everyone one of them and I have learned just as much from them as I hope they have from me.
One of those companies was EXPH. There is not a day that goes by that I am not thankful to be working with such an intelligent business man and knowing that my input and advice is actually shaping the outcome of this company. There is nothing more exciting than taking part in building a successful company.
A group of investors in RVGD approached me after hearing I had started up an IR firm. At that time the company had turned into a nightmare for everyone involved. Shareholders were extremely upset and some even sending death threats to the CEO not unlike the way many feel now about RVGD. He had made the mistake that almost every entrepreneur makes when they decide to go public, he retained a "penny stock" shell broker and a toxic 504 lender.
Think about it, your trying to launch your dream company, the only thing standing in your way is money and some guy is telling you he can give you the money you need simply by signing this document.. it is that easy. Then they fill you with all the glory of being a public company, they tell you how prestigious it will make you and how easy it will be to raise money. How many of you know how to take your company public? Would you have to hire someone to do it?
The first thing most people think of when going public is doing a reverse merger. That is the worst way to go public and only misinformed entrepreneurs go that route. Most companies can go public on the OTCBB for as little as $60,000 on a Form S-1. Why on earth would anyone buy a $150,000 dirty pink sheet shell when they can go public from scratch on the OTCBB for less than half?? Why?? Because the entrepreneur didn't know he could and he went to a "used car salesman" shell broker and got bad advice at the benefit of the shell broker. Once you sign the paperwork, they have you by the balls and there is nothing you can do about it. Peter Collorafi found that out the hard way like most first timers do.
I never knew the financial health of the company, but like many start-ups I know cash was tight and cash flows slim. If you think starting a business like RVGD from the ground up is easy you don't know much about business. Access to capital is the life blood of any start-up and for many companies they have no options other than the loan sharks orshell brokers. Getting money from a bank these days to buy house is hard enough let alone trying to raise money for a capital intensive start-up. RVGD is a sad case of bad business dealings, crooked financing and hostile investors.
My heart goes out to the man, that is not a place I would ever want to be. Most "penny investors" are the ones who think message boards are how you conduct DD. You see it all the time with comments like; "Is this a good buy?","Do you think it will go up?", "That IR guy is a scamster because Joenatural said so and he has 300 membermarks so he must be a smart investor". These folks have jumped head first into the penny market with a brokerage account full of cash and wild dreams of becoming a millionaire over night. They have made the choice to become.. the next..... penny stock kingpin!
Well, they never become the kinpin they hoped for, instead they become a broke, frustrated drama queen who posts on a message board along with other frustrated, broke drama queens. It is almost like a support group, except it is a group that causes the problem to get worse for the individual, not better. They spend hours and hours on the board, learning this.. and learning that.. before you know it, they have become that penny king pin in their heads, not because they are making money, but because they have become a tenured message board poster. Problem is, everything they have learned on message boards is what makes them a bad investor or trader.
A few folks wake up one day and see the light. They go on to start hedge funds, open up IR companies, become stock promoters, start thier own business and go public, become serious investors, investing in company's and becoming very involved with what the company is doing.
I'm a true investor relations representative. I have retail shareholders in EXPH that own well over 5% of the company. For a company looking to do $30M by next year, 5% ownership is a big deal, thats $1.5M at a $30M market cap. Right now someone could technically own 5% of EXPH for $48,000. So for a serious investor, EXPH could potential create millionaires. So when I get an email from someone asking me "How many shares are outstanding" or "Is the company diluting stock" I almost want to puke, but I deal with it and I do my best to explain what the company is doing.
Disclaimer: http://www.numarketsolutions.com/Disclaimer.html
Charlatan's Learning Board:#board-9884
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