Please excuse my ignorance EXTRA, I renounce all previous statements, here is my new Mantra:
"All stock exchanges exist primarily for Extra to Profit, and that is their sole purpose for existing."
I realize that otc's exist almost primarily for people to profit off of...through shell companies, inflated PR's, shorting (I guess), and all kinds of deceptive and malformed practices. My whole point is that WNBD ISN'T ONE OF THESE COMPANIES AND AS SUCH I DON'T THINK IT IS FAIR TO TREAT THEM LIKE ONE OR EXPECT THEM TO BEHAVE LIKE A SHELL COMPANY MIGHT. ALTHOUGH ALOT OF PEOPLE WILL; BECAUSE THEY ARE A PINK SHEET COMPANY - THAT DOES NOT MEAN THEY WILL NEVER BE PROFITABLE OR NEVER BUY BACK SHARES AND ALWAYS CONTINUE TO LOSE MONEY. SURE, IT IS SOMETHING ONE MIGHT EXPECT, BUT I BELIEVE THROUGH MY OWN RESEARCH THAT THIS IS NOT THE CASE.
Once you make an assumption about anything, you start to play a very dangerous game...you put yourself in a position where you could either be proven right or wrong. Now, unfortunately for me, if my assumption is wrong, I lose all the money I have invested, worst case scenario. Now, very Unfortunately for you, if you are wrong and unable to act, or not act within a proper time frame, you could end up owing much more than your original 'short' position. So who's the bigger fool?
Also, as I understand it, the first stock exchanges (which can only be called 'stock exchanges' in the most rudimentary and loose sense of the phrase) dealt with agricultural debt...more akin to trading in mortgage loans today than buying or selling in a futures market...the debt already existed, people where betting low interest, low return loans against high yield, high risk loans, ect. and had little to do with the farmers themselves...
but if you want to get even more philosophical, I'm sure the very first stock exchanges existed before recorded history, for reasons we will never know. I was referring more to the first 'stock exchanges' of any relevance to us, like the New York Stock Exchange for example...because in America (anyway), the stock exchange arrose independently...people weren't trading agricultural debt in New York and then all of a sudden *poof* the New York Stock Exchange. In New York men came together for the sole purpose of establishing an exchange where people could trade stock, bonds, and futures...there was no 'Evolution' as you say. Now, I could be wrong about other countries, but I believe that most modern stock exchanges were founded either independently or buy the government for the sole purpose of exchanging stocks and bonds primarily, and though more primitive exchanges or psuedo exchanges may have existed beforehand, I do not think that these somehow morphed into the stock exchanges we have today...
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