Thanks for that reply. Like you said I'me merely putting out information I've found. I'm new to this stock (got in at .055 a week or so ago) but not new to investing (been gambling with stocks since 1998). I just get more cautious when I start seeing what I thing are "red flags" with my investments.
As an example with regards to this stock:
I see a good amount of upside left in this stock. I will sell only when I think the up momentum has been lost (whenever that will be) or I see more "red flags" with regards to their business dealings.
Hypothetically, if Ararat was not a "real" company whose history my have been embellished to date back to a century ago, why would MMR go to such lengths to create this relationship? I can think of 2 reasons:
1. MMR didn't do any DD of their own and honestly thinks Ararat is who they represented themselves to MMR.
2. MMR wants to keep itself in the news to maintain momentum.
I'm all for legally getting the pps up as high as possible so lets hope that all this is truthful, because if this is not, what else are they not being truthful about?
Again, I'm not as well versed as some of you about this particular stock and may not know the CEO well (heck, I don't know him personally at all, but have done my DD on him) and may not know Ararat's business (although I grew up and live in Glendale, CA) but one thing I have learned and do know is that 1 "red flag" could lead to others.
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