I have worked in Investor Relations for VSE companies for a few years (IR does not equal "Stock Promoter"). Yes there are alot of promoters in Vancouver and yes, you have to be careful. But, if you do your due diligence and invest in a company based on the long-term rather than the short-term, you will do fine. The fluctuations in VSE listed companies seem greater (perhaps) because there is alot of momentum buying (or selling) that influences the price. If a company is based on sound principles, however, a few fluctuations won't mean anything in the long run.
I am now working on an OTCBB deal (WLFN) and I am amazed at how many people view these stocks skeptically. I have been with this deal from the beginning and seen the strict requirements for becoming a fully reporting issuer (which we are). Every company needs to start somewhere, whether it's VSE to TSE, or OTCBB to full NASDAQ. The onus must be on the investor to investigate the company, talk to the people running the deal and get a feeling for the people involved. If a company has a good product/direction and the head people have good reputations, then that's half the battle. Promotion is good for a kick start, but if there's nothing else holding the company together - that will become painfully obvious to everyone involved. I've done alot of investing and can always tell if I'm being "promoted" or if I'm simply being told the company's story. Like I was told just a few days ago, a company doesn't have to do a hard sell when they've got the goods. Eventually, the exposure will come and the stock will sell itself. I've always found though that if a company has good potential AND a solid promotion schedule - all the better.
I know alot of people who have made a killing on VSE stocks and OTCBB stocks. Not every stock is immediately a Microsoft. The thing to do is invest in something you believe in, find an industry you are interested in, and hold on to the stock.
Anyway, I've blabbed enough. If anyone is interested in the dental industry - Wolf Industries has just acquired a leading-edge, patent protected dental technology. Should be on the market in two months.
I can be reached at 1-888-253-6657.
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