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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (9358)1/22/1998 11:53:00 PM
From: Teddy  Read Replies (1) of 95453
 
**OT** Yes, i have read about Optimal Robotics.
I have no opinion on that company, but i do wish you well if you choose to invest in it. It could be big. It could go under.

Several reasons why i personally have no interest in it at this time.
(And again, it may turn out to be a very good investment. It is just not for me.)

1. Canadian companies are not required to follow GAAP. (some of them cook the books). I can't reasonably be sure that anything that the company reports is true.

2. Currency translations: i just can't grasp that concept yet. Stocks in foreign companies carry an additional risk. There are plenty of US companies that are paid in US dollars.

3. The company is not making any money right now. OK, sounds conservitive, but i don't want to own part of a company that is losing money. (Look at all the penny stocks that were ten dollars stocks that were going to make money "next year.")

4. Looks like they have a great idea. There are lots of good ideas out there: can they market it? They are off to a good start, but have a long way to go. There is a very real posibility that this company could fail: 100% bankrupt, out of business. Creditors get a little, stockholders get to frame their certificates.

Thean, best of luck, you could hit it big on that one. Too risky for me and Dad would never go for it.
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