<And I hardly expect any serious Congressional oversight or investigation of the SEC (pro-Democratic propaganda here) from a
national Republican party fueled by these same Wall Street profiteers.>
I resent that remark.... :0) (respectfully.. <g>)
Also, in regards to the commentary on Wall Street full-service brokers, I have a few thoughts to pass on.
Value is a relative concept. Gold has a perceived value sole because of its perception as a hedge against inflation and currency destabilizations. And stocks, as we all know, have a perceived value based upon peoples desire to own them. Although the FSB's (full service brokers) catch a lot of flack for their errors, remember that the market has been and will continue to be dominated by the influence that their firm's analysts and strategists have on market sectors.
What I'm trying to say is that both the FSB and discount markets are complementary and to the large extent self-regulating. The Internet, while labeled "the wild west" by the SEC and Wall Street, is also the streets best incubator. Individual speculative investors have the ability to use the Internet's tools for their own research and this interest them generates a recognition from the FSB's on the street which is so very necessary to maintain stability and solidification of price support. Sure there are abuses, but if it weren't for FSB's and their client list of relatively unsosphisticated investors (with deep or shallow pockets) willing to entrust their capital to, hopefully, a scrupulous broker, this current market would not exist, not even for the "nifty-fifty" big-caps.
On the other hand, Individual Investor's like you and I can do our own diligence, make an investment decision based on what we learn and then wait for the general brokerage community to stand up and take notice of what we already know.
Call it Yin & Yang, but I believe both FSB's and the DB marketplace place a certain check and balance that is healthy for the general market overall. Besides, there is no greater feeling than seeing your little development company pick up the interest of institutions and large brokerage firms. That's how I felt when ALLN became a mmkr last March. I felt pride, as well as a sense of "about time you noticed". We have a very special story here. 4 out of 6 of the stocks that were caught up in the Florida SEC dragnet are Kaput. One, Amquest International, is trading at approx 13/32, down from $6 3/4. The last one, GRNO hasn't yet dropped below $1 on very light trading this summer. (now watch someone out there on the street attempt to manipulate the stock. It would be just our luck... :0) Obviously, something is special about all of the shareholders who have shared their personal anecdotes about their discovery and research of GRNO.
I feel pretty proud of all of us. Everyone give yourself a case of "round shoulder" now. (pat yourself on the back). I imagine we'll all know soon enough what the company's status is. I imagine the lawyers are closely choreographing GRNO's every step.
Regards,
Ron |
