Trend22... sorry, but i don't have a paid subscription and can't respond to your private message.
To answer your question, if i were a new investor, i would be careful about the folks you choose to follow. Regardless of you who you follow, perform your own DD before taking a shot.
I bought in last year around this time when rumors about "Picasso Statues", "dividends for shareholders on record before a certain date", etc. started to surface. I averaged down twice to finally get my cost down to .0007. $1,500 later, i chose to stop giving EV my hard earned cash. This POS finally went down to no bid and eventually led to a RS. My $1,500 investment is now worth $0.45.
Ask the people that were invested in this company back in 2009/prior. Their investment also ran headfirst into a RS. Twice in two years is not a coincidence... it is abysmal.
I would shy away from the unsubstantiated "PRs" that are produced by ARTs.
I personally would wait until the 2010 10K (~mid April, assuming a delayed filing) is filed.
A couple of areas i would focus on:
1. Better explanation on how they are earning Revenue - Historically their explanation has been very vague and attached to their Charity Sports Distributors, Inc. (“CSD”) subsidiary
2. Positive Income - Through the Q3 filing, Net Income has been negative.
3. Cash Flows - It will be interesting to see if the current trend of using cash inflows from financing activities (primarily our hard earned money) to support our net cash outflows by operating activities continues.
4. Look for any Auditor qualifications regarding going concern - i.e. based on the auditor's procedures, he feels the company has a risk of bankruptcy
5. Authorized vs outstanding share counts
6. Picasso - any subsequent purchase commitment disclosure
This is just my opinion and just saying.
