InvestorsHub Logo
icon url

jim45

04/01/10 2:13 PM

#22145 RE: Dogfish Head #22070

I am long on TDGI and bought some more today but I can see additional reasons for investors to stay out of this stock beside the AS, which I agree is a very key issue with a pinksheet stock.

First, we don't have any officially audited statements of the value of the company assets or recent financial results. Having a solid audited financial statement from a known audit firm is key to knowing that everything that Eric has said publicly is accurate. We are expecting something on this subject at any time but the longer it takes, the more skeptical people get.

Second, there have been a number of new films announced but there are no actual sales results yet. If they all flop we are toast. If they do even reasonably well, we will do amazingly well.

Thirdly, when I find a pinksheet stock where everyone is totally positive about it (like on this board) and nobody seems to be bashing it, it sounds at first like the typical pump-and-dump pinksheet scam that is so common.

It takes a lot of DD to get over the above issues and jump into a pinksheet stock. Basically, for me it came down to getting comfortable with Eric's history, believing that he knows what he is doing and is on the up-and-up--a matter of faith. The DD supplied by Rainmaker was key to being able to get through it in a reasonable time--the best DD I have seen on a penny stock. If it wasn't for the DD on this board, I probably wouldn't have jumped in yet. So, unless you are on this board or have some connection to someone who knows what's going on with this company you probably aren't aware of TDGI at all. When the items above are cleared up and there is better audited visibility, TDGI should get a ton of attention and be priced for what it is worth.