Stocks don't trade on fundamentals, they trade on fear and greed.....
If they traded on fundamentals, then MCD would be higher than 32, PG higher than 57, INSP would be about $2, AMZN about $15, IVIL would cease trading....
I wish it were truly on fundamentals. It would be so easy to buy stocks then.
OTC stocks....fundamentals? Maybe 20 of them out of the 5000 or so actually have something real with possibilities, the rest are either trying hard, pretending to try, or outright scams...
I think two stocks on the OTC were listed on the amex last year, FTEL, and USRF.....
It doesn't matter if they report.
I have seen stocks that do report on the otc, they reported how bleak the situation is, yet, they were still run up...
I watched one end of last month, go from 1.3 cents, to 8 cents....
950 million shares outstanding....
They report.
currently, not in business, except a reverse merger is in the works.....
and a 2050:1 reverse split with it....
yet, even though theyreport, and what they report is scary, it ran up 800%
IT isn't fundamentals..it's all greed and fear....
Greed comes into play when the masses think it is going to run up, and fear comes into play when they think they won't be able to sell for a profit....
every board is the same...
doesn't matter the stock, or the exchange...
The arguments on the AOL thread are the same as they are here, except, that stock is $61
There are the characters there, that make up all kinds of crap to stir up the muck, the naysayers that produce facts why, the longs who hope, and the touts pumping away...
No different here..
No different on the CKFR board, the DELL board, the PALM board ($150!!!!)
I wager, PABN could file, that they are 2 billion in debt, with no hope of ever getting a business plan into play, that the CEO has relations with an ostrich, and even have a few hundred sec violations with fines and penalties, and...
It would still get pumped up and down 2 or 3 times a year...
In a fair and perfect world, mostr if not all of these otc stocks would never trade, the pink sheets would fade to white from dust and sun exposure while they waited for someone to actually buy, and the listed stocks would trade for what they are worth to the penny......
good luck....
that requires that every human being operate under the same standards and rules...
If you can pull that off, then we wouldn't need police, military, judges, jails, divorce attorneys....
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John Schmitz did not tell the truth when he told many posters on different occasions that they were going to file...
he either lied, or somthing happened to prevent them from filing...if it wasn't a lie, I think he should have explained in great detail in a press release, or a formal letter printed on paper, why he failed to keep his promise....
Regarding Belize, he either lied, or something happened to prevent them from doing what they said they were doing...if it was the letter, then he owed an explanation in great detail as to what happened and why, inthe form of a press release or a printed letter to shareholders...
Regarding IT...I think they tried with that one, but, if they lied, or something went wrong, then they owe an explanation to the shareholders, in great detail, as to what and why, in the form of a press release, or a printed letter to the shareholders.
Regarding the Thrift, they either lied, or something happened and they owe an explanation as to what and why, in a detailed press release, or a printed letter to the shareholders...
Regarding the Health biz, they either lied, or something happened and they owe a detailed explanation to the shareholders, in a press release, or a printed letter...
REgarding the phones....well that was a joke from the start, so I don't think that had much to it...
Regarding RMC, both companies owe an explanation to the shareholders, in great detail, in the form of a press release or a written letter to the shareholders...
Regarding the printing of almost 900 million shares over the last 2 years...they owe an explanation , in great detail, in the form of a press release or written letter to the shareholders, where this money went, why, etc...
Regarding anything else the company did, or lied about, they owe an explanation to the shareholders in the form of a press release or a written letter......
Or they could save a lot of time and just file the necessary forms with the sec outlining the above.......
DON'T HOLD YOUR BREATH...
Of Course, the SEC, Nasdaq, otcBB could have required that any company wishing to sell shares to the public, do all of that, before one share could be sold....
I mean, the SEC hasn't exactly done a lot to help the average investor over the past 10 years, have they....
There is sedar in Canada....so even the most obscure penny stock on the VSE has info on it.....
As for the people who have posted on this thread over the past year....
I realize that you feel they are all scammers out to rip off the rest of the world......I also realize that It is pointless to try to change your mind about that...
But from where I stand, most of them were genuine longs, and most for a long long time, some even still, and were lied to, or the company misrepresented their position to these longs.....
Yes, there were the touts, and pumpers..a few...
just a few....
But they were here...
IT happens. It always happens. On every stock...
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Now...for the shareholders that were actual believers, and thought that PABN was going somewhere, and that they were part of something, do you have a solution to their problem, namely getting answers from the company, or is it just going to be a case of you were right, they were wrong, nana ba ba boo boo, here is a song and Dr. Sues poem to rub salt in your wounds..... |
