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Alias Born | 12/06/2008 |
Friday, June 11, 2010 8:22:44 AM
All stock I hold long is continually viewed under a skeptical eye.
If research leads one to hold QASP long, so be it.
But from my viewpoint, this company holds almost nothing in the way of cash generating businesses, and exagerates about what it has. It has hocked it's assets (equity) for a cash loan, and also dedicated 51% of future income against that loan.
The CEO is prepping shareholders for the coming necesity of a Reverse Split to uplist to the AMEX. But that won't happen. Like all pinkie R/S, it just leads to a new round of dilution.
So the determination is made that this in no investment, but certainly it has flippability! But even if you are only in it to flip, you must still be completely familiar with the company, and what is going on with it.
Time spent researching stocks is never a waste of time.
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