Replies to post #8184 on Shamika 2 Gold, Inc. (fka SHMX)

[1manband]

You may have lost money this once, but hopefully you learned a lesson that will stick with you for the rest of your investing career.

ALWAYS READ THE SEC FIINGS FIRST! (And if they don't have any SEC filings, there is no information necessary to perform due diligence and the stock is not worth a penny of your investment dollars)

If you had done that, you would have seen that not only did SHMX have toxic death spiral convertibles, which is an automatic disqualifier for investment (they kill every company that issues them) but that it was an insider enrichment scheme. They didn't spend any money exploring their mineral properties. Instead, all the money raised through the issuance of the toxic death spirals was immediately funneled to the insiders as "management fees". In one short period, it was over $1 million dollars transferred directly into management's pockets for doing absolutely nothing.

If you learned that lesson, and stick with it, then perhaps it will turn out to be a cheap lesson after all. Oh, and don't fall for message board pump and dumps.