True, and no disrespect intended but I am a firm believer in continuity of marketing symbols and when you have a good stock symbol which represents your name or what you do, you should stick with it.
I do not believe GE's past problems were completely fabricated by GE alone. I believe the SEC has flubbed this one. They have over-reacted on a penny stocks claims (no matter how it was worded) that they own a huge find. I understand that the past gold rush hysteria brought about false claims and that the SEC must require further proof but they now have it and they are sitting on it.
The only conclusion, in my opinion, is that the SEC must be looking for an out, someone to fall on their sword and give them a reason for creating this investigation. Otherwise, all of us investors have been harmed by the over-reaction of the SEC and the SEC just gives away our symbol? ...to an internet company?, ...that advertised they would have that symbol way before we (the investors) were informed?, ...and then nonchalantly dumps it when they change their name?.
If you want the new symbol to stay fine. This is my last post on this subject.
-but-
If the SEC really wants to give our symbol to an internet company, so be it!
Let's start mining this find, mint 1/4, 1/2, and one ounce Bolivian commemorative coins (with the portrait of the current Bolivian president) in a joint venture with the Bolivian government, the Franklin Mint, and Amazon.com to sell Bolivian Y2K coins (2000 on the back). We can make them a touch over the 1/4, 1/2, and 1 ounce weight to compete with the Krugerand on exact gold weight.
That'll get notice, ...and company PR, ...and Bolivian gratitude, ...and money flowing back in the company!
...just a thought!
Good trading,
JEB |
