Its not mean hearted or intended that way.
but when people go on blind faith and drag other in and just ignore what's in front of their face, its sad. When I see someone said last week that he invested his entire children's college funds in this stock, its scary to say the least. Would you buy a business just because the owner told you its a good business. No, before you gave him dime one you would make sure for yourself and if you couldn't verify the information you would walk away.
So here is a company where you cannot verify the information and people say, throw more money at it, make sense.
If the company was very forthcoming, If I were you I would ask them for copies of the "alleged" contracts that have been signed. Why, because, if they were a fully reporting company, then they would have to file a Form 8K with the Securities and Exchange Commission which would contain the agreements, accountant and legal opinions, etc. There it would be in black and white for all to see and verify. Maybe the contracts do exist, which I believe they do, but how valid are they.
Example: You sign an agreement with me as my exclusive distributor for the U.S. and agree to pay me $10 million over the next year.
a) Do you have the $10 million to start with
b) Do you have the ability to perform on the contract
c) What are the liabilities of the other party if they don't perform
d) How enforceable is the contract and who do they collect from
e) Do they have to go to court somewhere in Russia
These are some of the questions you should ask yourself among about 10,000 others.
So to get started ask the company for copies of these worldwide agreements worth millions. It will have to be in the Form 10 filing anyway. So let's see them and ask these intelligent questions.
Let's see there's Saudi Arabia, Egypt and yes Canada who is already failing on the first payment of $1,000,000. |
