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To: J. Nelson who wrote (20931)7/28/1999 5:38:00 PM
From: Bo Le  Read Replies (1) | Respond to of 22810
 
Great post. I love it. A must read for everyone who buy OTC BB stocks.

Bo



To: J. Nelson who wrote (20931)7/29/1999 9:08:00 AM
From: Win-Lose-Draw  Read Replies (2) | Respond to of 22810
 
LOL. Nice post, Mr. Nelson, nice post. Even if some of the advice is very hard to follow through on...

Share structure and distribution is the FIRST place our eyes should go when looking at an OTC stock. Don't even READ the news until you know whether or not 5 million
shares were sold at .005 to a company in the Cayman Islands


It's just too much work to keep up! Frontier, NPEC, MDHM, MGold, CDCH are all bound up in a rather incestuous relationship, stuff moves around, stock gets issued from one company to another, stock gets cancelled, gets reissued, common, preferred, who owns what, nobody knows, it's so convoluted that 10,000,000 shares goes missing at frankly it's not even that big a deal since nobody but the insiders can unravel the whole thing!

And if the company does not report their financials to the SEC . . . . RUN AWAY. Don't even consider them, because they will surely rip you off any way that they can.

And yet hopeful "investors" will turn this on its head, claiming that being non-reporting is a Good Thing because then they can deal with the "naked shorts". Who never seem to materialize.

if they say that the industry is reported to generate 14 billion in revenues each year and we estimate that our
revenues in the coming year will be between 40 million and 60 million dollars . . . . RUN away.


By golly, I do believe 48M is between 40M and 60M. :-)

If the company headquarters is in Vancouver, Boca Raton, La Jolla, Denver or Las Vegas . . . . RUN AWAY.

Yeah, anybody growing up in Pezim-land could tell you that! Not that we always listen to our own advice... :-(