A long post and worth the read, Isoman. Verification of statements is the whole name of the game when it comes to getting info off these threads. If every one would work to make sure what is said is also corroborated then we can all come to rely on the information that we find on this and all the threads.
The hypsters on other threads have relied on laziness, and acceptance of what management says as being somehow fact. Sadly this can be dangerously far from the truth. There sits MTEI, all employees resigned and all corporate papers sent to the SEC until a replacement CEO can be found. Yet they had a press release not that long ago implying they had a book value of $2.85/share and their stock at $1.75/share. Today $1.75 can buy you nearly 200 shares.
I would correct what you have said a bit about my motives. I am not looking to prove fraud. I agree that it is never possible to answer all questions about a company, but PRWT looks to me like it is showing symptoms of something. The phone conversations with the "high ranking officials", the financials that are due and pushed out another 30 days, the commercials set for CNBC that will come in a week or two, the homes that are going to start selling shortly. These issues seem to need looking into, not accepting answers like "Oh, there was an allusion to politics being involved." Forget the ads on TV for the brokerage accounts, when a country is issuing warnings to investors, this is serious. Dancing around like it didn't happen serves no purpose in my opinion. No amount of washing is going to remove the spot either until there is an on the record announcement from PRWT, not allusions from high ranking un-named sources at PRWT. I guess it's the sense of perspective about these issues that I have that makes me look even deeper. So my agenda is not to prove a result, so much as it is to get an honest airing of what is really going on when things don't seem to add up.
I can be convinced, but better to provide links, that allusions. |
