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janice shell

09/04/04 1:54 AM

#91707 RE: redlepper #91705

I've been following otcbb and Pink stocks since late 1997 or early 1998. Back then, of course, "penny" stocks actually traded for pennies, not for fractions thereof.

The fad for sub-sub-pennies started a couple of years ago, and it came into being as a result of the fad for big diluters. There've been dozens and dozens of 'em. Only today one of the worst, Gateway Distributors, did a punishing r/s. That was its third or fourth r/s. A few companies have done even more.

NONE of these stocks ever popped until QBID did. That a few have done subsequently can be attributed to a self-fulfilling prophecy bought into (successfully) by promoters and momo players. Now it seems that many believe all you have to do is locate a stock you can buy for 0.0001 and sooner or later you'll be guaranteed a ten bagger at least.

Not good.
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janice shell

09/04/04 1:56 AM

#91708 RE: redlepper #91705

lol, not too many got their registration yanked, but the SEC now seems willing to do that much more often than before. They just zapped another bunch on Thursday.

In comparison how many went the way of PCBM/SRCI?
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janice shell

09/04/04 2:01 AM

#91710 RE: redlepper #91705

Zen, from the other board...

Why did Carol Remond, "an award-winning columnist" rush an article out just 24 hours after news when she spoke to NOBODY at St. George? C'mon, this is so blatant, it's disgusting. Was she afraid somebody else might cover this story before her? LOLOL Sorry hun, it's either you or Stock Patrol and Stock Patrol is all dried up. This beat is completely yours, so why the rush to put this article out immediately without ANY commentary from anyone at St. George? Isn't that called JOURNALISM? You know, like they taught back in middle school. A very basic collection of factual information off of which to base your reporting.

I wonder if it's occurred to him that perhaps there ISN'T anyone to talk to at SGGM? The only listed officer of the company is the RA. So with whom, exactly, was Remond supposed to have spoken?

Perhaps these "companies" should be less secretive if they want good press.

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