Not that I care, but you've got me wrong. I am long in SLEU but skeptical, that's all. Who wouldn't be? This company was little more than a nursing home business two years ago. Even today it has only four employees. Four! At least one is a receptionist. Maybe another empties the wastebasket. That would leave two, one of whom is the CEO.
Being a BB stock it isn't a NASDAQ reporting company. For all we know some temp at H & R. Block does the company tax returns. A company release some months ago, early February as I recall, promised it would soon be filing an application to become a NASDAQ reporter but since then there's been nothing but silence on the issue. (Of course, every listed BB stock will have to comply with the new reporting rules in three years, but that doesn't count.) Attempts to contact the company rep, which in reality is an outside contractor, never succeed in reaching anyone but an answering machine. Is the machine is in someone's basement apartment while they pull a day shift at McDonald's? We don't know.
Sure, the SLEU site's visuals look okay. It is, however, very thin on original content. In fact, I've seen home pages created by teenagers on free web hosting services that have the same kind of multiple-search engine abilities. Sure, SLEU has affiliated (as do many others) with various commercial web programs -- but nearly anyone with a home page can do this, too.
I like to dream as much as the next person, but I'm hoping for some reality-based facts that make this look more like an investment and less like a pipe dream. There simply are too many opportunities at the moment for the wrong sort of people to work "dot-com" scams on greedy investors like you and me. Viz, WCTI (from $30 to $5 on representations of having the "search engine of the future." Only problem is, it's the insiders' future they are talking about.) |
