Harvey,
Have I missed something here about GIFS? How does Kevin Lichtman fit into the GIFS saga?
Undoubtedly, he is tired of hearing me refer to the BCHP(E) debacle of several years ago in which his company was instrumental in promoting. However, for my dossier I would like to know if he was involved in GIFS promotion as well.
Sorry Kevin L., but us investors rely on you promoters to promote quality companies of which you do the bare minimum of due diligence.
Mark.... I, also, have been burned in the penny stock market. But I have had few successes, and seen even more that I failed to participate in. The key is to make every attempt possible to visit the company in order to personally verify as much as possible.
The beautiful quality of the net is that, through collective information accumulation and dissemination, we shareholders are in the best position to determine the merits of a company's possibilities.
The warning signs were out there for all of us to see. All it would have taken is to find someone in GA to put an "eyes on" the progress of the motorsports complex, someone in Idaho to look at the Miller Mining situation, and someone in Utah to look at the Rifle business.
This is what I have tried to do in the past and continue to exhort other activist investors to do. If it had not been for my extreme diligence on the technicals merits of another stock I hold, I likely would have been long gone. However, I'm holding, my wife is holding, and the SEC will do what they will do, and the company, God willing, will survive.
What does not kill me makes me stronger.
In sum, don't just believe a person because they say they have seen "the goods". Find someone else who you trust to be an objective opinion to help you out. Then offer to do the same for him in the future.
It's called networking. It's also what investing bulleting boards are all about.
Regards,
Ron |
