News Focus
News Focus
icon url

janice shell

03/27/05 8:55 PM

#153227 RE: Sportsjunkie #153224

Yes, it goes way beyond CMKX. But right now what interests me is knowing whether Glenn wrote opinion letters in an attempt to register stock that CMKX had already issued.
icon url

BuzzOnDaBeach

03/27/05 8:58 PM

#153230 RE: Sportsjunkie #153224

Unfortunately, for all the good it will do for the big boards, I believe that sarbanes oxley has truly hurt some good little companies that were on the otc, and since they have few shareholders, have simply moved to the pinks so they won't incure the costs associated with s/o compliancy. There was one I had on watch (can't remember the ticker) at about .04 that was profitable 2 years ago then had a year of delayed orders. The sell primarily to the US navy and air force. They make metal cabinets that house radio and electronics equipment, and specially design them to fit in small and odd spaces, such as on ships, airplanes, etc. They also are blast proof. It's a great little company that has been in business for 20 years, but only does 3 or 4 million a year. Honestly, I don't know why they were public in the first place, but they made money most years, never diluted, never hyped, just went about business.

There are several like that, good little co's that just couldn't affor s/o and moved to the pinks. But that's just a drop in the bucket of the scam and scum that inhabit the pinks.

BUzz