SCHMED RE: YOUR POST
No problems at all by me. Appreciate and respect your views. I know my opinion regarding paltalk and melvin is not a popular one. I accept that. I also respectfully disagree on the paranoia part. Not sure if I communicated that thought well enough. What I meant was that IMO just as bashers/shorts infest the message boards, I believe they silently infest paltalk hoping to find a nugget spilled by Melvin or others that could be considered "inside information" so that this can be recorded and sent to the SEC. I don't personally think the SEC is listening in. It is my understanding that Ms Shell regularly submits all people's posts she considers "touts" to the SEC. I'm sure the SEC probably rolls their eyes when getting her emails or phone calls but I'm also sure she continues. So I see no reason why she or others wouldn't do the same on paltalk.
The bottom line is that when it comes to anything major (and I believe what is happening with CMKX would be considered "major") I always believe in erring on the side of overcaution. Personally, I would NEVER underestimate the short position or their tactics and I would take every precaution possible. That may sound like paranoia. I consider it good business sense.
I did find your 4 stages of investor hysteria to be really funny and TRUE. Yes, I've seen that too in hundreds of penny stocks. And you're right, they do usually end up at stage 4. And like you, I feel we won't get there because in all the pennies I've seen, not one ever had a lawyer at a top law firm involved. Most, in fact, barely had lawyers.
As for Melvin, I understand and respect his position in IR. It is important to have an IR person to communicate with shareholders. However, the reality is he has very little experience doing it. One glaring example is the day he "confirmed" that the aerial survey was only for 65K acres. Subsequently the next day he recanted and said that was not true. At a time with so much on the line, it just makes sense to me to take some basic precautions. The IR departments at large companies are very formal, very professional and have considerable years of experience in dealing not only with investors but analysts. And in a heartbeat they will NEVER bend the rules a little just because a small investor sounds really depressed and like they're about to sell their shares. Melvin is a bit green at IR and certainly has said things that so far I would not consider inappropriate but are straddling the line HARD. I suspect Roger probably felt this way too. In Urban and Melvin's great desire to help the small shareholder there simply lies a risk that must be carefully addressed. I think they are taking appropriate precautions but stick by my decision that this is a very crucial period and it should be buttoned up at EVERY level, including the races, paltalk and any other avenues of information transmission.
And that's the great thing about our country. If NOBODY expressed the views that I did and everyone leaned on the much more liberal side, there truly could be a slip of catastrophic proportions. I trust that since I am maybe the only one hardcore on this point that I don't have too much impact but at least am here to raise the points at all as an issue.
As for Roger, I have never heard from him either. Maybe in a few years, I'll have a chance to talk with him. LOL Right now, my guess is he's rather focused.
Thanks for your thoughts Schmed. Sterling and I don't always see eye to eye either but I have great respect for his creative thinking. Keep up the good dialogue and look forward to further thoughts from you.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
