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Sunday, October 30, 2011 11:16:41 AM
I may not have the experience or number of followers here on Ihub that some of the recent Doomsayers have, but I have done my homework. Don't let the frightening half-truths scare you out of your shares. That is the goal.
Scott Rosenberg has been accused of many horrific things:
Taking 25% off the top of all Platinum Studios Income. This is true, but if you read the Filing he is simply paying himself back. He floated His own personal finances to help cover the Company's debt:
Rosenberg loans Platinum $3.7 million
Notice he also acquired 40 million warrants at $.11
He may be socially awkward, but He's no dummy.
Rosenberg has a ton of shares. He could sink this ship if He decides to sell. This is true. He has over 130 million shares. This is a vested interest in the success of Platinum Studios. He actually purchased hundreds of thousands more back in 2009 at prices between .03 and .09. Read the Form 4's for yourself:
Rosenberg Form 4 insider purchases
If he thought .03-.09 was a bargain what do you think his opinion on .007 is? It is the lowest price the stock has ever had. Even lower than the last dip where He was even buying.
Success in trading depends on your plan. Is your plan to exit at the Company's all-time-low? It seems cantradictory to the "buy low, sell high" axiom. Do what you like with your money. Just don't sell based on the half-truths that are becoming abundant here.
If I have mistaken all the negativity for a personal agenda I humbly apologize and thank you for your concern of my investment.
Have a Platinum Sunday all and go PDOS Longs,
TH1
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