Social Media Ventures Inc. (SMVI)

[wealth4ever]

3 times is enough for me. I got burned by ARTS (trading halted) and MNDPD (1000-1 reverse split).

I wish I would have looked at the financials of this company and the others before investing in it regardless of what the share price is/was. The financials are piss poor: http://www.otcmarkets.com/stock/SMVI/financials.

As a relatively new investor, I failed to do my DD and look deeper into SMVI. I got caught up in the hype and the excitement surrounding this stock that is going on instead of relying on DD. I hope some positive money comes out of it but I am not holding my breath.

Oh well, you live and you learn. That mistake of not doing DD won't happen again. I think I will avoid pink sheets going forward and stick with the OTCBB, Nasdaq and the other ones that require greater reporting, etc.