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Re: Snizzle post# 17186

Saturday, 05/18/2013 10:50:57 AM

Saturday, May 18, 2013 10:50:57 AM

Post# of 30046
Investigation? of what?

I have seen the SEC overlook the pinksheets more often than not. And I'm not sure what people are referring to when they call for an "investigation." The SEC is definitely not going to "investigate" what is being said on message boards about a .0001 pinksheet stock that hasn't filed since 2011.

If you reported something material about the company -- for example, if someone handed Mac a bogus buyout LOI and Mac decided to run with it in what I lovingly refer to as "the pinkie buyout scam"-- the SEC might investigate THAT. However, I have seen that particular scam run successfully with no SEC interaction.

I think there are some RPC shareholders who have no idea what the pinksheets are, and were dragged down here only because they refused to sell for a loss as the company imploded. There is a valuable lesson to be learned here, for those few.

Of course, there are many shareholders who saw the volume created by the SRL PR, and are hoping to sell at .0003 for a fast dollar. Those people know the pinksheet game. They are not "longs." Some of them say dishonest things on message boards, but that is the game, in their minds -- some people think that lying on these boards is a victimless crime. We all recognize this. I loathe it, but, I can't stop it.

However, I think this kind of lying and deception is a waste of time. The only thing that will get the PPS back to .0003 is another piece of "news." I don't see where that will come from, myself, but then I didn't see the SRL "news" coming.

If you want some entertainment, read the Yahoo board. You have to filter through the angry bagholder who is extracting some sort of revenge against the world by flooding the board with bashing.... We call him "the all-caps basher." But there are two stalwart shareholders who have concocted a bizarre buyout rumor in which 19 separate Provista private shareholders are handing over Provista to the Radient lenders in exchange for a secret takeover of Radient. It's great reading.




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