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Re: mastaflash post# 153145

Friday, 08/10/2012 2:42:15 PM

Friday, August 10, 2012 2:42:15 PM

Post# of 159753
The point is you can't trust outfits like BCIT to accurately represent to you the number of shares they've issued, especially when they won't stay current with their filings and/or when they go back and retroactively change the number of shares they've issued as BCIT has done. And when you see insiders who have massive beneficial stock ownership numbers relative to the number of shares issued, even if it's only in the form of unexercised convertible shares or notes, you need to recognize that those numbers are going to make themselves felt later with a massive dilution of your holdings.

As far as my "trying so hard"? I don't have really have to try at all. I don't get caught up in pump and dump schemes. I'll make money regardless of whether or not you smarten up after your experience with BCIT. But I do my best to educate investors as to how to identify pump and dump schemes and I try to help them develop the kinds of analytical habits that will make them more successful in the future.


"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital

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