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pitadog

09/02/12 5:52 PM

#30597 RE: hedge_fun #30594

A development stage company has no proven record and as long as that is disclosed I don't see what business it is of anyone what someone chooses to invest in.



And that is the ONLY factual information that is timely and actionable, but it does not make it all good. The levels of corruption and manipulation being done, some of it being illegal, but even the legal loophole efforts are simply not a situation that the United States of America should condone.

Is it fair game to go to Vegas and the casino's have no rules to abide by and have continued oversight by the laws of the nation or state. Let's just turn them loose with no rules or regs and you will have the OTC:PK market, imo.
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BigBake1

09/02/12 6:10 PM

#30599 RE: hedge_fun #30594

FIrst you have, by injecting it into a conversation over OTC securities, so why bring it up as justification of greed.

Second, FB sold ownership into an established business with millions of users, million of revenues and of course the greatest social network. To gain ownership that means you have to buyout those who have already risked it all and have it.

Where it all went wrong is how the lead banks handled matters and the NASDAQ. Other than that it is a poor argument of insider enrichment, no kidding they already built it and risked it all, completely different than building from the ground up and asking for money. The majority of risk was already taken

Development stage companies in the OTC however have no business and yet carry on as if they do, huge difference. I am all for the huge risk argument but let's face reality here, there is absolutely no transparency with the main currency here which is shares and the illegal issuance of them.