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Tuesday, August 21, 2012 9:55:52 AM
Well, let me put it this way. I've traded a lot of penny stocks over the years, probably in the hundreds at this point. Can't tell you how many I've actually owned that aren't even in business anymore. Still own small amounts of worthless shares in some of them. Heck, just look at the history of my posts on iHub and you'll see a handful of companies I've traded this year...and if you'll notice something, those stocks all have something in common with the stocks I have traded in the past...They're worthless, barely better than shell companies that provide no value to investors and most only exist as public companies to fleece people out of their cash so they can pay their own salaries...and most of them once traded over 5000% higher than they trade today...
They all have loads of debt, not like debt free KMAG...
They all talk more than work, not like JR from KMAG...
They all dilute to pay bills, not like KMAG who made it over the hump to run revenue positive...
Many of them announce a buyback...but unlike KMAG, they have no cash to buy anything back with...
The story gets better and the CEO keeps making good moves...how many things do we only have a glimpse on right now?
Time will tell folks...
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