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Thursday, July 15, 2010 10:39:45 PM
I've just been watching for a few days but I do want to address all that has been going on with pinksheets and the Caveat Emptor.
First, pinksheets.com is a business just like any other business. Some people like to make posts as if they are just for information about current stocks, not completely true. They charge very large fees to companies to post current information about their companies, if these companies don't pay, they get the Caveat Emptor.
Second, I do use pinksheets, but I do my own DD when it comes to the symbol that they place on companies. I agree that it is best not to have the Caveat Emptor but only because a new or inexperienced investor might see that and get scared away. Any experienced investor knows that the bottom line here is money between pinksheets and the company. I have invested with plenty of companies that have the Caveat Emptor and made a lot of money on them.
So yes, it's best not to have it, but it actually means very little. IMO
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