Tom, that's so funny when I'm asked a question. You should see my face light up like I've just been told a good joke. If you knew how DUMB I was trying to make sense of stock reports you'd shake your head. My good bud broker once said, at least look at the liabilities figure. If its bigger than the assets, that's not good. You don't want to see a lot of liabilities. Yes, it's that bad.
:)
Ah, but Schwab now has super software for clients, and I am privey to it, so--look out.
Joe personally almost assured me of news this week, after almost personally assuring me of news last month. These things are very disturbing and seem to be happening with penny stocks all over SI. Their excuse is "they don't have to report". My feeling is that "they shouldn't have sold stock to money makers to sell to decent investors and take it all" if they weren't planning to report.
I do have a concept now to guard others. A blacklist of stocks, which someone will revive down the road and re-pump to a new audience. I notice that the cheerleaders move on, rarely returning to the scene of a crime, even though it is ripe for another speculative move on nothing, perhaps. And then maybe I'm wrong, but I don't think so. Is it illegal? No. Is it wrong? Well, to a certain extent I think so, and I think that if the SEC intends to do nothing and it is a cottage industry of the mafia, and they place their concilliaries in little offices arranging to take our money and divert it back into off shore accounts somewhere, then it time the stockholders who have been taken do something to warn others. I am thinking of a www. stock blacklist. At least people would have to invest millions changing their names over and over if they didn't like the results.
For instance, if it was on a search engine, I could post this post on the www. for anyone that wanted to do that from other stock sources.
It would be like a stock Ralph Nader.
I see several candidates, and for instance JAXI is one, for sure, althhough I'm sure the intent is pure, the actions are not a speck of news on anything since Sept. of l997, which was highly speculative, pumpish and caused a stock to soar and many thereby lost money on nothing.
So, I am very unhappy there was no news, but perhaps it will spur the idea of a national bulletin board of those taken to warn against the real bulletin board which waits hourly for those to take on penny stocks, especially, especially.
comments are always welcome. Scambusters is another idea a guy had pertaining to FNET, and I was going to join him. Now perhaps the idea should take shape. Do you have any excellent examples of such non-activity which destroy decent people's investments? |
