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

To: peter michaelson who wrote (140)	4/14/2006 11:33:25 AM
From: creede	Respond to of 354

Dexter used the pinks as the launching point because of the financial strain associated the Sarbane-Oxley provisions. LBWR is not going to stay on the pinks. I'm guessing OTC by the first of next of year, and then the Naz or AMEX. Give a little time. LBWR has only been pink about 2 years now...and already they are profitable. Compare them to your typical pink, and the differences are quite obvious. Look at the specs on pinksheets.com. No r/s's, ticker changes, no business plan morphing, and they already report. Very different animal than what we are accustomed to. GodBless-ND cris

To: peter michaelson who wrote (140)	4/14/2006 1:53:33 PM
From: SOROS	Read Replies (1) \| Respond to of 354

Peter, I don't want to be overly optimistic, and I had all the same thoughts until I began to dig. What has me so excited about LBWR is that you are absolutely correct 99% of the time regarding pinks. I've always wanted to find one of those 1%ers that does not fit the mold. The one that can make you rich. The one that offers plenty of opportunity to establish a descent position while 99% of the people can't get past the pink stigma. I think we've found just such an animal. The pink route allowed a brief time to get a million bucks, become public, open doors, start business, etc. The key to it all was to become profitable BEFORE having to do what all the other pinks do -- print huge numbers of shares, do offers, so iffy financing, get in financial trouble. LBWR DID what the eventual, successful 1%ers do. The business plan, and more key, the reputation and expertise are SOLID. I have a feeling the contracts will now continue, one by one, until maybe 2-3% of the investors who simply disregard pinks take notice. By then, the stock will be well on its way. I remain, SOROS

To: peter michaelson who wrote (140)	4/14/2006 8:40:44 PM
From: rrufff	Read Replies (2) \| Respond to of 354

Hi Peter, Until about a year and a half ago, I would have agreed with you. I had only rarely bought or even looked at a pink sheeter. Then things changed. The Sorbanes Oxley requirements caused many of the stocks that I followed to go from an exchange or OTC BB to the pinks. I doubt that LBWR will go off the pink sheets for awhile. It doesn't make sense until they are further along in their business plan. Time and money is best spent developing the business and it is easier to increase the price per share at this point as you have very interested buyers in limited quantities. It has not been promoted to the normal pink MOMO boards. So, share price rise is now a function of great business news rather than promotion, which is a stronger foundation and less likely to be p&d. With the costs of Sorbanes Oxley, many small companies are choosing the pink sheets for this reason alone. I've seen estimates in the million dollar range and this is a huge number for a company just staring out. Further, the pinksheets are changing. See the recent PR on pinksheets.com where they are planning to have tiered lists of companies, ranked according to the availability of financial information and transparency. This is a very good thing as there will less opportunity for scamming. The next financial step would likely be for LBWR to have a MM file a Form 2-11 with the NASD so that a real market can develop. This makes sense if increased awareness creates more volume. Right now trades are sporadic with a wide spread. For this to happen, they don't need to comply with SOX and they don't need audited financials as unaudited are sufficient, together with information that is reasonably calculated so MM's and the public have required information under the rule.

To: peter michaelson who wrote (140)	4/15/2006 12:30:01 AM
From: SOROS	Respond to of 354

This might help: The Pink Sheets offer many advantages to companies that want to take the “first step” in the public markets: * ease of entry, * low costs and maintenance, * relaxed regulation, * access to investors, * and companies do not have to report to the SEC or any other regulatory body. There are over 4,000 small-cap securities currently listed on the Pink Sheets. These companies account for over $550 million of daily trading activity. And the number of companies who are moving from the OTCBB (Over The Counter Bulletin Board) exchange to the Pink Sheets due to the regulatory issues, such as the Sorbanes Oxley Act, is increasing daily. These stricter financial reporting rules impose a financial burden on small and medium sized companies if they stay on the main exchanges. And it’s not only the small companies that are moving to the Pink Sheets. More and more businesses with decent prospects have migrated there. In fact, some of the best-known companies in the world trade on the US Pink Sheets: Heineken, Nestlé, Nintendo, Rolls Royce, Volkswagen, BAA Plc, BAE Systems, Cathay Pacific Airways, Liberty International, Peugeot, L'Oreal, Marks & Spencer and Neorx Corp are just a few.