Replies to post #7678 on Value Microcaps Free-For-All

[micham2012]

dayla re SLJB:

I bought the stock a few months ago because rrufff had positive things to say about it, and the company's public statements were so bullish. I am optimistic that exciting things are on the horizon. I do not believe it is a "scam" by any stretch of the imagination.

At the same time, I suspect that the Sulja people are naive, I am skeptical if not downright cynical about "contracts" to do business in Dubai, and I don't have any idea what to make of Wessal. I am not aware of anything that obligates Wessal to buy stock, and absent an enforceable commitment, it is just talk. I understand that Wessal's intention must be disclosed, but that does not mean it is going to happen, and I doubt that the SEC can touch those in the Middle East responsible for generating the big money glow that surrounds this company. I will "believe it when I see it" where the Wessal acquisition is concerned, and frankly, where a lot of these projected revenues are concerned.

If/when audited financials arrive, we will know what we have. In the meantime, I am up 100% or so in the stock, and don't have any interest in selling right now. Whatever the details turn out to be, I am persuaded that at this price the risk inherent in the situation is well worth taking. And I derive a large measure of comfort from the fact that rrufff appears still to be long the stock.

Steve