From: marcos...i betcha [scamsters] got product coming online...
SI: StockTalk: Coffee Shop : The Death of Silicon Investor
To:(Bob) Zumbrunnen
From: marcos
Friday, Apr 19, 2002
They[verbose whackos] never mattered to me...
... have to confess to also being a bit prejudiced against
resource juniors, mainly because of the OTCBB companies
I've seen purporting to be such firms.'
Used to be the VSE those people used for scams,
until it was cleaned up in the early nineties, then became
the CDNX .... while there were an embarrassing number
of canadians involved, the scamsters came from all over
to use the border and lax regulations as cover, there were
at least several sheiks of Araby, for instance, and an
impressive number from Maggot Mile, Florida ....
moment the VSE started cleaning up, they shifted to the BB
across the line ... few years later the BB insisted on some level
of reporting, wham the pink sheets get electronically enhanced ... so it goes.
In fact, going back to the sixties, the VSE only really got rolling
after the Windfall promotion of 1964, following which the TSE
tightened up considerably, which caused a shift of scams
and honest efforts alike to move west to Vancouver .....
from 1964 until fairly recently, no mines were made by a TSE-listed company,
while VSE listings made many ... among a great number
of failed efforts and outright scams, of course .... but even
Keevil of Teck-Hughes moved west, because you could
there raise capital without the lawyers and accountants
and exchange bureaucracy taking the major slice of financings ...
my first stock was a VSE listing, undervalued copper play
with proven reserves and a mine coming onstream
just as copper was moving up, gave me a four-bagger
even though i sold too soon ... its successor company
had a New York listing until quite recently when the bear
knocked it below 1.00 USD, it's still on Toronto, cch.to ....
paid a whole lot of dividends in between, too
Then, as luck would have it, a few months ago
the TSE bought out the CDNX, started hiding information
right off[cdnx had the best info flow i ever saw],
and just this last monday they changed its name to the TSX, lol
At this stage in resources, at the tail end of a long bear,
beginnings of a bull, there are relatively few scams
or weak opportunistic efforts .... lots of value out there still
in advanced stage development projects, and i fancy i see
some reasonable bets in drillbit speculations, as well ....
but the proportion will change should we get a resources bull market,
the scamsters have already got product coming online, i betcha
[end.] |
