Sunday, November 15, 2009 11:22:00 PM
Yes – I have played the pinkies, but this one has not passed the smell test yet with me! The pinks are always a gamble and we all know that! That said, most pinks that I have played have at least had fairly current BALANCE SHEETS proffered and readily available for public consumption.
I have been on the other side of this argument regarding the pinks! I have heartily argued my position to others who have had doubts to an investment that I was in that they thought was frivolous! I am just looking for anything tangible that says this company is legit, has an accounting staff, said staff keeps up on the books, and books are made available to any potential investor!!! Simple as that! When financials are NOT released to the general public, what does that say? You are either too embarrassed to release them, or they do not exist! Either way – not good!
IMHO, if a company does NOT issue financial reports on a regular basis (and I do not care if they are a pinkie or not), they are NOT above board! … rs
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