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Jim Bishop

01/10/09 3:20 PM

#34648 RE: mskie #34645

Red flags up the ying yang here, no doubt about that.

I suppose there were some people that actually believed "the sales price is between 0.19 and 0.23 cents per share" but certainly nobody I know, including Mr Market.... LOL
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Trader0327

01/10/09 5:41 PM

#34655 RE: mskie #34645

Some people trade on fundamentals others trade on technicals.

Fundamentals are not possible with a non-reporting pink sheet company. Any company that does not report is going to have lots of red flags. Many of those red flags have been brought to our attention here by posters. Some can be proven to be a real "red flag", others a missinterpretation by the poster. Each person needs to do their own research and check out any links provided. People have made money trading companies with red flags.

Technicals (I am not an expert in this area) This stock is trading at about one cent. It is very volatile, has traded above .01 for six months (as high as .058) and then fell after the "no deal" press release. That said, if you know how to play it you could make lots of money just flipping at this penny level. 100,000 purchased at .01 and sold at .012 gives $200. profit on a $1,000. purchase. Sell at .013 and it's $300. (before commissions).

Disclosure: I bought into this stock last June. Hold in two accounts one for "investments" and one to flip. My investments are down right now, almost all of them, last year was a bad year for "investors". I have made profit in my flip account.

GLTA
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Whiplash_Investor

01/10/09 6:03 PM

#34658 RE: mskie #34645

Sounds like you've pretty much summed it for all the pinks. They all lack clarity...that's why they are pinks. You might consider investing in OTCBB stocks or higher exchanges. They file and provide you the clarity you feel you need.