Thank You Again! The almost religous furvour on this thread initially turned me off this stock. One has to have a healthy amount of scepticism, especially with BB's. It's very easy to get burned. The OTC is full of scam deals, illegal off-shore shorting, and other schenanegans.
It's often that a BB IPO is released at say 10$ and sinks down to 10 cents some months later as insiders cash in their Reg S stocks, illegal shorting takes its toll and the common stock holders flee getting burned badly. Invariably, the holders of the common stocks are left holding the bag. Remember, 98% of micro caps lead to nowhere.
Oh yes, the webmistress will sympathise with my sentiments and will brush off the complaints. I'm sure she's fully aware of the OTC micro cap situation.
There are strong interests in this stock in this thread as evident by the strong reaction to my concerns. But, This one seems a good momentum play, at least. If it's such a promising stock, then it should wear all scrutiny. Fundamentals will win, earnings will lift the share value. The company is not strapped for cash, because of this buy back program. They should'nt have to dilute the share value. If growth is in the cards, what's the worry? Incidently, I'm very flattered that my opinion has so much weight in the share value. Gees if I could move stocks, I'd be rich! Wishful thinking. |
