I didn't see that but sounds like something got lost in the translation.
I don't think a PR about a trip to Russia is appropriate. To me, that sounds like pumping. Think about it. Suitcase in hand, somebody could pump the stock with a PR.
You're right about the cost though. IF they have something material to announced, the cost of a PR shouldn't stop them.
IF -- they finalize part of a deal, either financing or acquisition, I would imagine that they will PR it.
Bottom line - shareholders always want to know NOW and they assume no news means no progress.
There's plenty of hype in the OTC BB and pink world and, for me, less is more, if you know what I mean. I rarely buy a pink sheeter. I don't know but this one seems more than just a hype. I may be totally wrong and I certainly wouldn't put my official recommendation FWIW on any pink sheet stock, just because there are no filings and no knowing that you have all the info.
IF - they get the deal, then I would guess they follow up with filings and audit that brings them to OTC BB. At that point, it is easier to properly evaluate a company and its potential. However, there is a price to be paid for less risk. Instead of buying at .125, the price would likely be many times that. |
