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Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (1174)	10/12/2000 1:26:45 AM
From: rjm2	Read Replies (1) \| Respond to of 1426

Total frauds might be a bit much. A lot of times you have guys that couldnt get conventional venture capital funding so they merge with a nasty shell, hey, they dont have to pay any $$ raised back ! And there are a few asset plays & undervalued stocks amongst the crap.

To: Jon Tara who wrote (1174)	10/12/2000 9:56:31 AM
From: dannobee	Respond to of 1426

Jon's on track here. The OTCBB and pinks, IMHO, are nothing short of playing the lottery. If you so choose to step up to the table, be prepared to lose all of your bet and go on to the next trade. I remember way back in my college days, armed with newly discovered information on the probability of dice, following a year of statistics and probability classes, going into a casino in Vegas, only to discover their odds favored them far more than those of straight probability, and also varied from casino to casino. You should view the BB stocks in the same context. The rules are made up by people with more power than you and I, vary from stock to stock, and if you don't like the rules, play a different game. Unlike a casino, there are a countless number of games to play in the market. Find one that matches YOUR risk tolerance, one that YOU think has the best "odds" for YOU. If the odds suddenly change against you, go on to the next game. But, IMHO, regarding the BB/pinks, you can weed out damn near all of the lousy ones by just screening for positive revenues and doing 10 minutes worth of DD on the Financial Statements, especially the Statement of Cash Flows. And if you can't find a current 10Q or 10K, don't even think about "investing," no matter how good their story is. Danno