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If DVNTF is such a good investment, why did Jack Banks sell $3 million worth at $1 at the end of summer (Yahoo insider trades)?
If you read any of the numerous "SEC / Internet stock scams" articles, one of the warning signs is a company with a PR effort but no product/sales. DVNTF certainly fits this profile.
If DVNTF is a great technological company, why can't they file their SEC documents electronically? Actually, they can... they use to. However, they had a big PR push about the new President buying a million dollars worth of stock (probably over a year ago, cause I have quit watching this dog). When I dug into the SEC filing, which was available electronically, the President had a non-recourse loan from Jack Banks to buy the stock. After I sniffed out this detail and posted it, the company seemed to "lose" their ability to file electronically.
Recently, I clicked on a news story that showed up under MSFT, GE, INTEL, etc. It was a good article that had nothing to do with these stocks. The reporter was discussing how little (sometimes crap) companies will throw out BIG names in news releases so they get a lot of "link publicity." Has anyone talked to MSFT about DVNTF?
You don't need to answer that question: (1) I don't really care; (2) I don't have time to visit SI anymore (I was only curious how many uninformed gamblers were still around).
Allan, you'll make a LOT more money buying CISCO or MSFT than playing in little crap names. I know, I'm in the professional investment business but I've acted like an amateur in my personal investments. In other words, I've lost enough money "trying to make it big" that I've learned the hard way. Buy a REAL COMPANY's stock and sleep well at night. |
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