Replies to post #45253 on Bell Buckle Holdings (BLLB)

[oilin07]

Well said

[Kool Aid Man]

So I go to a flea market and find an Atari 2600 game cartridge and buy it for 5$...I then sell it online for 150$...and this is wrong because I didn't create whirled peas? How do you know the guy who sells me his shares didn't profit from the sale, you assume he took a loss?

Here's where you completely miss my point. If BLLB were actually selling something of "real world value" (i.e a video game or other goods or services) then I have no complaint. It's the endless peddling of "financial fairy tales" that are a "greater fools" game.

Using your example, an apples to apples comparison would be equivalent to you paying someone $5 for their ''promise'' to give you a video game at some point. Then --before an such game is ever created-- you re-sell the promise you bought to a ''greater fool'' and so on until it becomes clear that no game is coming. That's exactly what just happened here with Jump Start Sports. Of course people invest in promises all the time. However, OTC is notorious for being the land of broken promises because they're repeatedly made in bad faith.

As I said---

No one should delude themselves. The vast majority of OTC tickers "produce" anything except pie-in-the-sky financial fairy tales. The few that actually operate ethically, in good faith and real world, revenue generating businesses seem a minority. But with scam tickers, nothing is "produced" so there are no "earnings" and no "profits" to be shared. In other words, anyone who walks away richer from such "scams" did so at the direct expense of a lot of "greater fools." https://www.investopedia.com/terms/g/greaterfooltheory.asp