Didn’t mean to come down on you so hard, but when one sees a pattern of individuals(not you) creating the “next greatest product” and then mysteriously stock-hypers start the rumor mill, it gives me pause. The individual behind (PAMT) now has a history of creating about 10 companies, where after the rumor mills starts the stock soars and then crashes, because of all his ‘inventions’, they aren’t Rube Goldberg contraptions—they simply don’t work and nobody wants them. Now the ‘rumor’ mill has started for his latest public company---McDonald’s is buying into his idea! Before that he announced a deal with Ingram Micro, but a simple check of Ingram’s website, if you do a search for products they market—no mention of any deal with (PAMT), nor any product being sold from (PAMT). I’m sure there is a simple explanation for this little misunderstanding-----but then we get back to the rumors that always start with Norris’s companies and the stock flies to the mooo00n—but then crashes back to the ground leaving investors holding worthless stock—or .14 cent stocks that some fool bought for $24.50---based on RUMORS! But then, I’m sure that I’m wrong! Just ask my wife about me being wrong--on everything! (:>)
For example:
1988: Norris Communications Corporation of British Columbia, Canada and San Diego, CA - multiple corporate changes from origin. Name changed to e.Digital Corporation in January 1999.
e.Digital(EDIG) is perhaps best known for a phenomenal rise in the price of its stock during the dot-com bubble from a low of $0.06 in January 1999 to an intra-day peak of $24.50 on January 24, 2000, fuelled primarily by speculation on multiple internet message boards, most prominently the Raging Bull forum that the stock would become listed on the NASDAQ stock exchange. The share price quickly receded and NASDAQ eventually denied the listing.
At the close of trading today (3/15/2013) the stock trades for .14 cents! Truly creating a lot of misery for those buying at the peak price of $24.50! At the end of about 25 years since being created, the company has earned a profit in only one year—and that profit was created by receiving funds from a patent infringement ruling.
Any explanation as why Norris came up with the idea for his latest ‘invention’ more than 8 years ago, and still there hasn’t been massive acceptance by anyone, but the stock is now moving on rumors. Where was McDonald’s when they could have bought the whole of (PAMT) for .35 cents a share?
If you truly own this stock and have seen the current run—congratulations! I give you credit that you mainly just post PR’s from (PAMT). I’m sure it will not end up like the host of other companies that Norris has created. Leaving me just one question—why does he take his inventions public with just another company , if he isn’t just in the business of selling stock and not product. Do you think Apple creates a new company every time they come up with a new product? Wouldn’t Norris, having a former company named after him, be pooling his resources and revenue stream if his ideas are so good? It appears that if he relied on product revenue vs. stock selling, he would be a pauper! (IMO)
As for (NEON)---would be hesitate in buying the stock at this time. I'm probably going to sell my holdings in the coming week. (IMO) The market has gotten well ahead of where it should be--it needs a pause to refresh. Small cap stocks will be the first to feel the 'pause'.(NEON) is small investment for me, most of my holdings are dividend producers. Most of my 'mad' money is in biotechs--where it's feast or famine! But one winner can be the trick. In the last year and half, I've had two take outs by big pharmas, as the major drug companies have patent expirations draining their revenue stream and the quickest way to replace--buy the little biotechs. (ALL IMO) Good luck with (PAMT)--and I mean it! |
