Posted by: Princess Doji Date: Wednesday, September 30, 2009 8:12:34 AM
In reply to: gonzilee who wrote msg# 371 Post # of 548 [Send a link via email] [Share on Facebook] [Tweet this post]
gonz
Finally, it was a long journey for us to arrive but I knew we would.
Ahhhh the search for the PERFECT pink sheet, let me know how that goes for ya. The fact that they are pink makes them imperfect and inexpensive. But you know that.
In the pink sheet world I believe one of the more important areas of dd is to assess how an officer has utilized shares while operating his/her company. After all, this all important factor is a major point when future shareholders decide whether to buy shares. You yourself highlight this very point which led us into a debate of sorts. The officers past actions show that TRDQ has been very stingy with shares and the o/s count has remained unchanged for months which may be verified via thier open transfer agent. In my opinion, it is always better to examine ACTIONS and not words. TRDQ actions justify investment imo.
Also, in due diligence I take some comfort when I find that a company has a working website and phone numbers. TRDQ does. In addition, when I find a company that is not extolling thier virtues in daily press releases that are no more than fluff, there is usually hidden value. Especially when I discover that they are mentioned contractually in a press release from another company with a market capitalization 10 times that of thier own. TRDQ passes with flying colors.
In addition, I respect a company that has alliances and operating agreements with Fortune 500 companies and simply features these on thier website without the usual fanfare.
As far as your ASSUMPTIONS about cash positions, I wouldn't know. However, the BEST EVIDENCE available is FACT. They have not sold shares recently to pay thier bills, nor can I find any record of toxic financing arrangements that spell danger we are so used to seeing in the pinks and bb's.
I will let your past posts which are public record speak for themselves in considering your statement that you initially were going to buy shares. All others that read your posts may make thier own examinations and act accordingly in forming thier own opinions about your intent.
When I find an operating company that is not pumping every week, does not have a history of dilution and is selling for shell prices, I'm a buyer.
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