Friday, January 07, 2005 10:06:21 PM
Personally I do not think one does INVEST in a PinkSheet, non-audited, non-reporting stock. One does speculate, hope for the best and does very well undertand the risk.
I for one am a more than 5 year old long, regularly pissed by Matin's behavior but I now THINK I KNOW that there is a company behind this stock (quite an improvement on the past) but still wonder what it's realy all about.
Sitting on my shares (passing for the moment on a 150% potential profit... at least for some more time (unless events prove me wrong ... hopefully before I drop below my cost.
I very well understand those that gets (honestly) mad at the current situation and also understand those beleiving that tremendous profits do lie ahead.
This being said, escaping right now, taking a profit hopefully, is certainly a smart thing to do ... A profit is a profit.
Staying in (hopefully with money you can afford to loose) is also vey much acceptable if one does understand both the very high risk and very high profit potential.
Matin obviously did build a business and that most will agree with.
The question is: "Did he in the process mismanage finances and cripple it mortally?
FY2003 audit would be nice but even then, it will tell just a story that reflects the old state of the company (at least we will find out, hopefully' if reported facts are compatible with what Matin then said.
Till we have FY2004 audit (if before it reflects a one year old story again), this will remain a speculation, particularly considering recent unexplained events.
Patiently,
Roger
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