Replies to post #3587 on AU MIN Africa PTY Ltd. (GRYEF)

[kzivann]

Hey,,,get it right...this a pinky..saying OTC though technically correct does not clearly identify the market WRII is traded in....otc are a little less risky and actually file reports... as far as kissing 5k away, I do not believe that will be the case here...of course, still risky, but reward can be huge!..imho

[kzivann]

Hey,,,get it right...this a pinky..saying OTC though technically correct does not clearly identify the market WRII is traded in....otc are a little less risky and actually file reports... as far as kissing 5k away, I do not believe that will be the case here...of course, still risky, but reward can be huge!..imho

[bullcents]

yeah...but you forget SOX and PSRA...

504 offerings were used in the past (pre-1990) by shady investment bankers fraudulently, but it wasn't as big a problem as you guys are making it out to be. Now the game is a bit different with SOX and PSRA. Over the holidays I consulted a securities lawyer about the WRII situation. I was told that the only real issue here is: Did Susnar keep the deal quiet before going public? As far as I can remember, he did. I've been in this stock since August, and at the time, no one knew about Minxx going into the WRII "shell." I was also told that WRII is in the position (because of their past filings) to choose whether it ever re-registers with the SEC or not. Also, they could've chosen to never disclose any information to the public since the merger, BUT Susnar has given us a disclosure statement since the merger...