Effective Control Transport Inc. (fka EFFC)

[kennypooh]

Trading is one thing, belief and hope in a company is completely different. Belief and hope are not good 'investment strategies'. After this I think I will get in only when a company has progressed to being commercially ready and fully reporting. Those who devise ways to short penny's obviously have the best odds and make the most money. The simple fact that the skeptics turn out to be right 98% of the time is proof.

With the new SEC bounty program (paying whistle blowers up to 30% of the recovery IIRC), many more scams and scam artists like RH will be exposed and prosecuted. Unfortunately, I don't think the threat of prosecution is enough and they need to establish rules forcing all companies to be transparent or they can't trade....period. The Internet has ushered in a new era of investor information and it continues to evolve. Imagine life without Goggle and investment chat rooms.

If the SEC doesn't start to revoke more registrations (there are 13,000 non-reporting companies) and force Transfer Agents to divulge current Share Structures ( A/S , O/S , Float), the breeding ground for scams will continue (with only a few perpetrators paying fines or languishing in jail).

Most overlook all the warnings in favor of some fantasy outcome...even Batman can't provide safety to stupid.