What kind of stroke job are you hyping?
I did some checking in the SEC's EDGAR database (see sec.gov ) and all of the "Buffalo Capital" companies (MAWI, VLDC, WKFR, + others) seem to have no revenues and are listed as "blank checks", a regulatory term that covers companies that basically want money from investors, but have no real business,i.e., you give the company a blank check to spend money as they see fit, and hope something results from that. (Incidentally, it is illegal in some states to get investors into "blank checks" or "blind pool" trusts.)
I have to admit this is a new trick -- file all kinds of SEC paperwork, to look like legitimate companies, when they are all just schemes running out of the company president's house. (It even says so in the SEC filings and gives his address.)
So, let me see if I understand: these are all virtual companies that have no business right now, but are hoping investors will give them money, despite a lack of experience, and perhaps, then they will go into business and actually sell something.
Just how gullible do you think people are? |
