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Re: MLR_Lite post# 98256

Friday, 01/29/2010 1:39:24 AM

Friday, January 29, 2010 1:39:24 AM

Post# of 212244
Lite - "have their life savings into this". I really hope not since this is, after all, a startup pinksheet company. The golden rule of investing is "don't invest what you can't afford to lose".

Example from elsewhere:

XYZ is not extraordinary at all. Most highly hyped penny stocks take on a life of their own. Almost all of them turn out to be scams. In fact, the bigger the hype, the more likely it is to be a scam. Then when something goes awry, or the "bashers" come in to sound warnings, it becomes a circle the wagons mentality for many longs.

This is pretty pedestrian stuff. Many like to think XYZ is unusual, that the XYZ-ites are acting outside the box, pushing the envelope, that management has an ace up their sleeve. This whole thing is conforming to the norm ....

Just an example of the pinky scheme (not here) and how we lose our butts.

papaul