OK David- here goes.
Before you start, let me say I'm a SI participant since March, 1998.
I've been lurking since Oct, 1997.
Stocks currently owned include EWF, FMPO, CGI (Canada), SLHO, FFSY (a dog), WIR, BGR (Canada), Coca Cola Amatil (Australia), Kidston Gold,
LAMN, HWS, mutual funds, etc.
Investing for 15 years+.
Bought Biotime several years ago at 10, watched it drop to 2 1/2- sold last year at 50 & 66 before the split. Look at their financials several years ago when I bought it.
Was offered ITVU as an IPO from my friend's son, an attorney for Josephthal, the issuer, and turned it down because their financials looked terrible. Thought I was smart when I saw it drop from the issuing price of 9 or so to 7 1/2. I think it hit 14 or so this week after getting some exposure on CNBC,etc. It looks like I guessed wrong on this one.
I own 7,000 shares of NETZ at 0.39, and will treat it like a call option with no expiration date like someone suggested. Lots of strange and fast moving things are happening with this stock, but until I hear it's halted, I give the company the benefit of the doubt.
Reason: Bennett Financial- the biggest Ponzi scheme in US history.
My family invested in their leases and promissory notes based on audited financials and recommendations of friend who was a broker that sold Bennett's products. In Chapter 11 right now (both Bennett and the Broker). Partial payments is best I can hope for. Attorneys are suing Arthur Andersen (a big 6, no?) since they audited Bennett's books.
So to all you naysayers out there, I say read the previous paragraph! I'm a big boy, been around, and know you can't believe everything (Bennett, duh)! |
