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Microcap & Penny Stocks : Gourmet's Choice Coffee Co. - GMCH
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To: Jetta who wrote (986)2/16/1999 8:47:00 AM
From: Bob Davis  Read Replies (3) of 2161
 
Jetta,

If a non-reporting company is a going concern and is not actively trying to tout itself, that is fine. There are many companies which meet these criteria; the investors who hold these stocks have a long-term view, generally know the company "personally" and are able to obtain audited financials directly from the company itself. The stocks trade "by appointment", and there are many investors who have made fortunes by investing in this type of company.

However, if a non-reporting company is making wild and unverifiable claims about its activities, and if these claims are the basis for a "hype campaign" on the Internet, then I think that someone should point out the inconsistencies in their stories. That is the purpose of the "Blivit List".

Bob Davis
The Napeague Letter
napeague.com
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