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Alias Born | 06/08/2009 |
Tuesday, June 16, 2009 10:08:40 AM
PS I guarantee you if you called PM and told him you had cash and were looking to do a private placement deal he would immediately ask you to send the "cashiers check" for X shares. You will wind up chasing him for months and months for the share certificate (which will probably never come) and if you do get it 6 months or more later, the PPS will be a whole lot less than when you entered in the deal. It will be under water. But don't worry, as a nice gesture (LOL) PM will throw a few extra shares in to make up for the hassle of chasing him for 6 months or more. The problem is you will still be WAY UNDER WATER and you could have bought the same amount of shares for 1/2 price on the open market. This story has repeated so many times it's not even funny. Go ahead, jump in the sinking boat. Personally this is one boat you will want to miss. You're going to drown if you're in it.
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