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Thursday, November 17, 2011 8:31:21 PM
The advice to research the company before investing is sound. You should do that with any company you think about investing in, including blue chips.
Realize here that you are investing in a sub-penny stock. Sub-penny's tend to be high risk/high reward. Most end up worthless. This one may, too. Don't invest more than you are comfortable with losing. It's a sub-penny stock. You're likely to lose it all. On the other hand, if you don't lose it, you might make huge gains. If you're smart about how much you invest, the potential should outweigh the risks. If you aren't so smart and put too much money in, the risks will outweigh the potential rewards. You'll lose sleep. You'll become bitter. You might even waste your time trying to "warn" other people away from this "scam" as you'll call it. But it will really just be your own fault for investing in something you didn't understand.
I have remained invested here for 6+ years. Despite all the criticism they get (some deserved, some not), I like the commitment management has made to NOT closing the doors. It would be easy for them to fold up the tents, pack it in, and go home. But here they are, still working. And, in my opinion, things keep looking better.
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