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Microcap & Penny Stocks : INFE ... Infocall another Sleeper

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To: RBM who wrote (10188)11/1/1999 1:17:00 PM
From: paulmcg0  Read Replies (2) of 10343
 
The people who put their money in this stock are engaging in high risk behavior without understanding the risks. Do you know what the OTC BB is for? Take a look at this newspaper article: sltrib.com

The single biggest warning sign that INFE and many other "penny stocks" put out is their lack of financial reports filed with the SEC. Without that information, you have no way of knowing if the company is a real business or merely hype.

Another penny stock that people on this thread have been involved with is COII, who actually do file financial reports with the SEC. COII's financial status is not impressive but at least that information is available, which makes them more reputable in my eyes.

The OTC Bulletin Board is phasing in a requirement (see otcbb.com ) that all OTC Bulletin Board stocks file financial reports with the SEC. According to the schedule, if INFE doesn't get their financial reports filed with and approved by the SEC by February 2000, they will be delisted from the OTC BB, and forced into the murky backwaters of trading on the Pink Sheets.
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