To: Arcane Lore who wrote (23431 ) 7/10/1999 10:33:00 AM From: X Y Zebra Read Replies (1) | Respond to of 26163
The belief that MSFT or DELL or some other very successful company was once a penny stock seems a common one among penny stock fans and touts. Actually MSFT IPO'd at $21.00 per share according to Bill Gate's home page: Indeed... so surely at $21, it could hardly be considered a penny stock --not to mention the exchange in which it was offered (NASDAQ), as opposed to the OTC/bb. The above "belief" is easily misrepresented as we have seen in the shown testimony, in an attempt to show that the "hope" of one of the bb-fleas could become "the next Microsoft" is genuine in their part. Hence, "justifying" the risk taken, as the possible reward could be significant. However, for the pushers of these worthless pieces of paper (or nearly so), is very convenient to allow such "belief" pass as fact. For the morons that believe such crap, is a case of the proverbial: "Duh" Because a tiny piece of research, such as the one presented by your post would go to prove that such "belief" is no more than crap... like the rest of the moonshine they continuously distribute through... er... well, supposedly, "reputable" dis information services, such as the now [more famous than before] <reference deleted>. You know, the one that has the initials BW. What is even more amazing, is that the lot of the fleas of the bb market is primarily traded based on these "beliefs", "hopes", "disinformation", and similar rubbish defined by some as "due diligence." That will tell you the level of "intelligensia" contained in the skulls of such "hopeful investors".... not a good indicator of the knowledge of investment practices, but a good explanation for the existence of movies such as "dumb and dumber" Dumb = The pusher of the fleas, for putting at risk their credibility and possibly their own freedom. Dumber = The "investor" for believing the rubbish that is fed to them, risking good money in hopeless ventures. What is more perplexing is the fact that the SEC allows the existence of the entire circus by allowing these "companies" to sell "securities" to the public, without the need to report to the SEC. Equivalent for saying: Here Mr. Capone, we just issued your license to steal, now go out and do us proud. No doubt, a techinique [for the SEC] to employ an army of attorneys to correct their own "mistakes". I wonder if the goons and morons have ever considered that with a little bit of effort, over time, they could be making considerable money by investing in real companies.... then again, it could be a case of the Beavis and Butthead disease...