Replies to post #2926 on Paychest Inc (PYCT)

[Jim Bishop]

Yes matrix I agree, sophisticated was not the right word to use.

They go after the easy ones that they can close with little cost and win points for any funding or lobbying they may need.

Or they go after the headlines, busting kids like LeBed or that young fellow that lived near me in Burnaby, BC, accura2000nsx or whatever his handle was that was pumping stocks on "my" SI thread as well as others, and of course TMex who got lots of press, paid his pittance, then moved to the south of France and hangs out with the rich and famous now.

Even then the ones they "win" are usually just hand slaps, give us a token $20K and promise not to break that same rule again and off you go.

[Zenos Arrow]

>>>I've talked to a couple guys at the SEC who said ... any person who decides to invest in a pinkie should not be surprised if/when he loses all his money.<<<

Oh Puleeze. Did these "couple of guys" also trade in some Mister Twisters for Scotch? Pinks are not a SEC registered, so I guess they're inclined to denigrate. Anyone have any real data? How many of Pink Sheet companies actually ended "belly up?" There's got to be some stats somewhere. It's well known that they are a risk in a volatile sense, but "not be surprised when/if they lose ALL their money" seems irresponsible for SEC employees to utter.

Show me some data.