RE<<Would you sell just so you can easily record the (almost total) loss rather than wait for delisting and have paperwork hassles?>>
There wouldn't be any paperwork hassles for me if it were delisted and placed on the pinksheets. It's just that we draw the line for our clients (the majority of them) at pink sheet stocks. I don't want to hold them and getting info once it's a pink sheet stock is next to impossible (they don't even have to be audited at that point!).
<< And also Greg, I'm curious about what lessons you've learned with this co that will raise red flags for you in the future. If you have some time today, what has this wallstreet tuition caused you to learn and how will you act differently with different stocks in the future? Maybe the answer is "I wouldn't, you win some you lose some...", that answer is fine.>>
The only way I would not buy a stock such as ALTS in the future would be if I decided not to buy any small company tech stocks. I feel as though I did my due diligence, but was not given straight answers from both the company, and even more disgusting, the auditor. If you can't rely on audited numbers, what can you rely on? Sure, there are far more potholes in driving down the small cap highway, but when you get to the end of the road, you'll be at far better off having a portion of your money in this type of company.
hope that vaguely answers your questions,
greg |
