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Good Day Frank: Excellent reply gives the reader alot of food for thought.Keep this informative and well thought out ideas coming. I agree that institutions hold a lot of paper for the masses of investors who are seeking safety. It has been my experience that without these institutions taking down issues the markets that are created would not exist.I feel for the people that seem to take all the risk and the institutions mask the truth from the reality of these underwritings..Although their is full disclosure in any Prostectus for the shareholder to read, I question whether they take the time to do their DUE DILEGENCE or do they put all their faith in the broker ,who they believe to a trustworthy and astute investor on their behalf.....Well I believe that most do trust their finacial advisors and that is of their choice..I am not suggesting that all borkers and advisors are rotten to the core,but unforttunately they have to TOW THE LINE as far as DISTRIBUTING the stock to the public from their company's point of view..I say this with a reservations as to not be to hard on the individuals that do this for a living......They have to survive to.But on the other hand I do not like IPO or even SECONDARY OFFERINGS. I can illustrate this point more clearly by using Moss Resources as a prime example: (Patience all most finished Ha. Ha. Ha.) I researched the company for 5 yrs,kept track of its activities and found out the company has be Renamed --Reorganized (Roll Back of stock) But the same people ran the company..Talked to the Pres.and they were still listed TSE and I felt that after we talked this was a time to buy. Their time was due once again . I picked the stock up for .13cts and had to wait 12mths for the price to rise to 1.35..I didn't get to sell at the top but I did manage to get rid of the stock at .95..Well to me that was a good profit...I bought a large enough position to increase my leverage and lock in good profits...Now the whole point is that if I had of bought at the Underwriting Price At 1.35 ,well need I say more.....After the financing was is place SUPPORT for the stock was dropped BY THE iNSTITUTIONS and of course it traded as low 40cts. So I was considering buying after the Financing since there were warrants attached at 1.35 I believe...Now It trades at 65--70. I might add that large blocks were bought at 40cts and this info was published in the MUTUAL FUND REPORTS from the major banks and financial. Instituations............So they made the market for me. That is one way to play a Junior Stock and there are many other methods but I thought that this would be of some interest to some-one out there..............Have Good Day Frank and Thanks Again..........And as Paul Harvey would say,(Favorite Commentor) Now You Know the Rest of the Story......Good Dayyyyyyyyyyyyyy...Ronald PS...Looking very closely as Omni Resources ,Mill being refurbished ,footing have been poured could be ready to go in 6 to 12 months ( Joint venture with byg,,,,,,,,More gold!!!!!!!!) |
