SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tonto who wrote (54245)3/18/1999 2:00:00 PM
From: Janice Shell  Read Replies (2) of 55532
 
I can tell you what I believe is the single most common mistake investors make when committing themselves to BB companies. They quite mistakenly think that success or failure depends on the product or products the firm claims to offer, or to plan to offer. Even worse, they're often convinced that they're buying into a "hot sector", and that this will guarantee success.

That's not how it is. They're buying management. In the case of BBs, management typically consists of a very few people, and they have absolute control of the company. No way is the BOD gonna fire 'em if they're incompetent or dishonest; they ARE the BOD, and they can do what they damned please.

To make matters worse, investors are often far too willing to buy into management's line. Astonishingly, when I asked just a little while ago why AZNT hasn't filed a 1998 10KSB, or Q4 10QSB, or even filed for an extension, Dave Petry solemnly suggested that I call Mike Sylver and ask. Oh sure. Great idea.

I can easily understand how people can be fooled up to a point; we're all inclined to hope for the best. But in RMIL and AZNT (and in MTEI and countless others) we have companies whose management NEVER delivered, NEVER offered convincing explanations of anything at all.

Why all the denial?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News