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Strategies & Market Trends : The Transparent Flamingo -- Ignore unavailable to you. Want to Upgrade?

To: oinker who wrote (108)	3/18/2006 9:20:41 AM
From: rrufff	Read Replies (1) \| Respond to of 354

Any advice you get here should be considered as coming from the investor's perspective. That is, information you need for formation and listing, should come from your own real world advisors, starting with a good attorney who knows SEC law. He may not have to specialize, but he will know when to bring in a specialist. We are interested here in finding companies that are "shareholder friendly." We believe that building a strong shareholder base is the most important aspect of having a mutually beneficial relationship with the management of a developmental-stage company. With your post, you will receive messages from others, and through e-mail and PM, most of which will be from promoters, brokers, deal finders. Please be very careful and keep in mind that many, if not most, in this industry, wish to sell you something for THEIR short term gain. The biggest problem that most CEO's of developing companies run into quickly is to believe those who sell them. Claims of "we never fail," are very attractive to someone in your position. I'd suggest you get histories and track them over time, particularly with respect to the capital structure. A market cap may increase but it may be largely the result of dilution, which will hurt you in the long run. Start with pinksheets.com. Learn as much as you can on your own before you speak with anyone, including attorneys. Interview many people in person and make sure you get everything in writing. If you don't understand something or want to change it, never accept the argument that "this is standard," as it isn't. It just means nobody else has questioned it. Read as much as you can about SEC basics and try to organize yourself so that you know the issues ahead of time. The biggest waste of money in talking with lawyers, accountants and financial advisers is that clients are not organized or need to be taught the basics. You'll save a lot of money if you learn the basics on your own. I prefer set fee based advisors as opposed to those who get paid when shares are free, particularly if they can dump and kill your price as things progress. There are variants of this that can be helpful but speak with your lawyer before agreeing to ANY contract, even "standard form." Keep in mind that you should not go into this if you are down to your last few bucks. This is not the place to start a "get rich quick" business, as you are more likely to get "in trouble" than be successful. If you take the approach that you can make money over time in partnership with shareholders, I think you have a shot at being successful. Best of luck.