Replies to post #2202 on Mining Company research board

[1manband]

Being SEC reporting is no guarantee of quality. Many SEC reporting companies are bad investments. However, since they have audited financial and file regulatory documents that follow actual reporting standards, we have the ability to determine if the Company is a good investment, or a POS.

With non-reporting Pink Sheet trash, we don't. A small fraction of the companies that are SEC reporting are scams. Yes, there are some, but most are not. The vast majority of non-SEC reporting public companies are at best insider enrichment schemes, or outright scams at worst. They are not legitimate business enterprises. Therein lies the difference. And, thankfully, the majority of investors know that and avoid non-reporting companies altogether.

Legitimate companies report. Those companies that are not legitimate, don't.

And anyone who took 30 seconds to review NVGC's SEC filings would have known the Company was a complete POS and not put a penny in it.

[gitreal]

My favorite Arizona mining scams that I have followed the last one to two years - BONZ, SRCH, and HMNC, are all SEC reporting. Being SEC reporting does not guarantee they are not a scam. But being a pinkie is an almost certain sign of a scam.