Sunday, April 19, 2009 12:10:16 PM
No, it does not take hours to read through an SEC filing. They have a table of contents and all SEC documents are broken down into specific sections provided by Regulation SK. Every Form 10, Every Form S-1, are all drafted in the same outline. Whether your looking for dilution tables, unregistered sales of equity or certain risks, there is a section for that you can go directly too without reading through all the other boiler plate items..
My point is, most "penny traders" that participate in forums do so because they have not learned how to get the information they are looking for in SEC filings. Just as you stated, it appears on the surface to be an overwhelming task.. it is not.
You do not need press releases to be an investor. A company like Deep Down doesn't provide IR to answer questions that can be found in an SEC filing. Company's like Deep Down hire IR to liaise with larger investors and work with broker dealers.
The companys do not work for the SEC they work gawd I hate to say this but they do work for us the investor...
In the eyes of a company like DPDW, or any large OTCBB company, retail is seldom viewed as an "investor", unless of course you have acquired a large percent of common. IR is there to take care of the folks who bring the big bucks and to work with broker dealers in private offerings like what was recently registered, not answer basic questions that could be found in public filings.
I hate to bust folks bubble, but the guy owning a few $1,000's worth of stock, who spend there day complaining about the IR and company transparency on a message board... those folks are not going to get much support out of the IR.
I've kept up with this board since I first visited the company when it first went public. I have done well trading this company since. I guess I got tired of reading the whining and complaining towards the company and I had to say something. It's just got annoying... the whole reason people are frustrated is because of the price... not transparency.
My point is, most "penny traders" that participate in forums do so because they have not learned how to get the information they are looking for in SEC filings. Just as you stated, it appears on the surface to be an overwhelming task.. it is not.
You do not need press releases to be an investor. A company like Deep Down doesn't provide IR to answer questions that can be found in an SEC filing. Company's like Deep Down hire IR to liaise with larger investors and work with broker dealers.
The companys do not work for the SEC they work gawd I hate to say this but they do work for us the investor...
In the eyes of a company like DPDW, or any large OTCBB company, retail is seldom viewed as an "investor", unless of course you have acquired a large percent of common. IR is there to take care of the folks who bring the big bucks and to work with broker dealers in private offerings like what was recently registered, not answer basic questions that could be found in public filings.
I hate to bust folks bubble, but the guy owning a few $1,000's worth of stock, who spend there day complaining about the IR and company transparency on a message board... those folks are not going to get much support out of the IR.
I've kept up with this board since I first visited the company when it first went public. I have done well trading this company since. I guess I got tired of reading the whining and complaining towards the company and I had to say something. It's just got annoying... the whole reason people are frustrated is because of the price... not transparency.
If you invest or trade based on what you read on a message board, you need to quit investing or trading before you loose all your money
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