psych,
It's my opinion that most if not all of the PRs are false. I don't have time or care to cite specifics. Opinions are all we're left with here as there are NO (or not many) facts. I have copied a quote from someone below, but I have also done the same research on my own and share this person's sentiment exactly. They were releasing PRs back in 2005 BSing about getting on the Hong Kong exchange. It's all crap in my opinion.
Quoted text:
I am not sure where this is going, but what I do know is that the more I research them, the more cloudy the info becomes. As I begin searching their management team you seem to find common thread. The same names with different companies who all have press releases and no real news or financial reporting. As you find the other companies that they have been involved with in the past and you search for their management teams, you again find more press releases with no real news or financials attached. They all talk about winning big contracts and every year the stock does nothing or they again do not report financials. You also begin to stumble across other companies they have done this with and several show a flurry of activity (more press releases) in the past and now they are no longer listed. They seem to be the most successful group of people that continue to really do nothing, except hype their company.
If they are the most used search engine in Thailand, then why do they not have many advertisers. No matter what you search for you get mainly the same ads on the right side of the page. You always get the Bangkok Post, which actually takes you to their page. Then you get Hertz, which does not even link to Hertz. Royal Caribbean, which again only takes you to another Buzz page and not Royal Caribbean. One-2 Property, another Buzz company that actually looks the most legit, but who knows. and one or two more. Thats it.
Try to actually buy something from them, seems tough to do. Some of their buy ad space links take you to a legit third party on-line marketer. Adbrite.com
I do not claim to be an expert on either investing or business, but it seems if this was all legit, we could get real info from trusted sources. They (Buzz) watch these chat rooms very closely and usually have some sort of press release that answers questions here. In my opinion they spend too much time with these releases and not enough time getting legitimate business and news.
With all of that being said there are other inconsistencies that I noticed with them but I am going to save my breath, just do your own research and decide for yourself. It seems a little sad that we are all here trying to figure out whether a company we are investing in is legit or not. I truly hope they are and all of you are going to be rich. Think of it like Vegas, bet $500, if the dump happens soon as I think it will it, then oh well. Or turn $500 into $10K or more and you are a genius. If you take that attitude than who cares, if you are more conservative, then sell soon. I bought 30,000 shares at .024 and sold them for .045. I am going to be happy with my 87% gain and walk away.
AI
