Charlestowne Premium Beverages Inc. (FPWM)

[otterman]

It certainly has not been a great ride. PTI has had its share of crooks running the company over the years but also has had some potentially good management too. I guess the question regarding the past is - Have to good managers been given enough chance to make something out of the company or have they just had to spend their time cleaning up the messes?

Currently, PTI is not in the worst shape Ive seen a company in and still make themselves a success. The question of the present is - Is BJW doing all he can to become a success or is he just continuing the work of the likes of LB?

IMO the jury is still out. While his tenure hasnt exactly been exemplory, he has made the appearance of the company moving forward. The evidence supporting a continuing P&D is just as minimal as evidence supporting success. There is almost none on both accounts. We are in a waiting game.

We wont know until its too late

I think 2006 holds one of two possibilities. We will either see some or all of this potential come to fruition, and PTI will become a success (and we will all get rich), or there will be a sudden big dump of new shares on the market and we will be back to the same old same old. Trouble is that none of us can see it coming (the nays have no proof that it is happening already, and the yeas have no proof that we are moving towards something better). It will happen so suddenly that we will either be left with our jaws dropped wondering how we could all have been fooled again, or the success will come so fast that we will all be left wondering why we didnt see it and buy a ton more shares.

That is why I believe that, unless you are going to 'play' these stocks (which has its own inherent risks), you have to just buy and hold for boom or bust, and dont play with money you cant afford to lose. The risk equals the reward.