China Armco Metals Inc. (CNAM)

[southacresdave]

I've talked to the new Investor Relations/Ted Haberfield a couple times (and wrote him several e-mails, which I've gotten short responses to) not necessarily asking for details on how business is going (what's he really going to tell me?), but to emphasize how destructive management's outlandish revenue projections were in 2010. CDII encouraged them to put out pr's that were projected on the most optimistic scenario and not the "underpromise/over perform" type that Wall Street loves. This company needs to back up what they say or else no one will trust them.

On that note: I'm glad to see in the last 2 pr's where they have kept us updated, showed some optimism, but kept their bull$#%^ to a minimum!