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Microcap & Penny Stocks : GIFS

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To: Big Brother who wrote (6565)5/16/1997 5:03:00 PM
From: buzzlite   of 8012
 
Is there anyone out there who would disagree?

For the record, BB, I would disagree with the sweeping generalities that make up the body of your post. I think the situation is likely more complex than the summary you've offered. One doesn't have to be stupid or lazy or greedy to believe a company's written statements to the investment community or the ceo's spoken statements on conference calls or sec documents. Liars and thieves make normal people appear stupid, and they do it by breaking the rules, or in this
case, probably by breaking laws. True, the tone of this thread was of acute denial when people were trying to warn investors of GIFS. Many behaved badly, but two completely different stories were being told. I can see how some might have chosen to believe the company over complete strangers, incorrect though this turned out to be. But come on, I don't think it's necessary to call people lazy, greedy, and stupid. I can't speak for other GIFSsters who were screwed, but I can tell you I feel bad enough about this investment without anyone pouring salt in the wounds.
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