Well sometimes, most of ihub members are in stocks for the ride up and don't want to be caught still in on the way down.
Industrialex is a small company with a market cap of just over a million dollars. They report audited numbers and have tangible assets. They only do coatings though, so not really in competition with Smith International.
The company just reported a loss of 1 cent a share and will hopefully be profitable within 6 months, although I would be the first to admit they may not be. I know consolidation is currently underway into the one profitable plant (which should increase profits dramatically) and Industrialex should be in line to make a profit of anywhere between 1 and 4 cents next year if all goes well. That puts it at about 20-60 cents a share with no growth multiple attached.
The CEO owns over half of the shares, so he has a REAL interest in the company succeeding. How many shares do the executives of the companies you invest in own? Nevermind, you don't even know how many shares there are let alone how many the executives are dumping into the market. I'll update the Ibox soon. Watch this one. You may be able to make some real money with a company that isn't just interested in making money by dumping shares into the market using outrageous claims.
Sometimes_right, if you want I can make you assistant moderator here, it will make you feel secure being involved with a fully reporting company...haha.
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