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dlewisfl

01/09/06 3:10 PM

#3375 RE: grizzy #3373

grizzy: Do you honestly expect a NON-REPORTING company on the Pink Sheets to fully disclose every possible negative aspect?

I never claimed they were sincere and/or honest. I think their PRs go over the top in revenue expectations, for one. Having followed the OTCBB/Pinks for a while, I know they won't meet these expectations. Doing a little DD beyond the company PRs usually tells you this. I don't expect them to meet projected dates of completion, either. None of these type companies ever do. That is why I don't risk more than I'm willing to lose, especially on a NON-REPORTING company that can pretty much do whatever it wants. Expecting them to be shareholder "friendly" when they need to sell shares is a bit much.

I was also disappointed to see how quickly they sold those shares this summer, but I had already taken my profits (and was watching PPS drop) when I found out. Risk management, believe the hype.