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Re: OSU Finance post# 5391

Thursday, 12/08/2011 1:19:12 AM

Thursday, December 08, 2011 1:19:12 AM

Post# of 28022
Look: Something you're going to need to learn if you're going to make it in finance is to not believe BS that companies tout as PR.

You need to learn what the SEC EDGAR database is, which is an online index that allows you to search for SEC filings from various companies.

You should take a look at EDGAR and pull up the latest filings that include the company's balance sheet. You'll see that the company has basically no revenue and not a profitable company. If you really dig deeper, you'll see that this company is associated with shady companies like "Unlimited Trade" and "Vega Star Capital". Do a Google search for "SEC" and "Vega Star Capital" to find out that the SEC has indicted this company in a lawsuit.

From the SEC lawsuit against Vega Star Capital,

"The defendants in this action together executed a scheme to manipulate the public market for shares of a small company formerly known as GHL Technologies, Inc. (“GHLT”). Beginning in late 2005, defendants illegally sold millions of shares of the Bremerton, Washington, company without providing the required information about its business to potential investors."

Sound familiar? Small company? Manipulating the public market for shares?

You gotta start doing your due diligence (DD) on these stocks to realize whether or not they are scams. In this case, RAYS is likely a shell company/scam. Go read the Streetsweeper article: their technology is just re-branded open-source stuff you can get for free on the internet. Do you think a company like Microsoft or Google is going to be duped by that?

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