Dexx,
The disclaimer that I use is an "industry standard", and is certainly applicable to GLOW, a company for which there is little or no fully public information available. Hopefully, you realize that the reposting of information reportedly obtained from company management does not constitute "full and complete disclosure".
I will however, stand behind the statements that I made in the recently published "Blivit Alert", which can be found at napeague.com ;
- GLOW is a non-reporting company.....
- There are 4,500 posts to this board....
- The highly touty quotation from the press release is correct...
- Posters on this board claim to have information which is not public.
- GLOW has a slick website, and retains an IR person on staff...
And lastly, but most important, there is no financial information available, and thus no way to assess GLOW's capabilities to carry out their announced plans.
By the way, the cover story in the August issue of Individual Investor is entitled "Stealth Stocks", and can be found at <http://www.iionline.com>:
"Frequently microcaps have grandiose plans, but they need cash flow to fund their efforts," says Davis of Napeague. Cash flow from operations, the first category on the statement of cash flows, indicates whether the company's current business is sustainable, and Davis closely watches the way in which microcaps finance growth, detailed in the second category. (Warrant conversions, for example, may provide much needed money, but they dilute net income.) If a microcap doesn't have a lot of cash on hand-check the first line on the balance sheet-and doesn't have positive cash flow from operations, it may have to issue more shares to raise money. That is also dilutive.
Now this is pretty good advice, even if I say so myself...but for GLOW we have no publicly-available financial information upon which to make such judgements.
Bob Davis
The Napeague Letter
napeague.com |
