SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : SLJB - Sulja Brothers Building Supply, Inc. (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?


To: creede who wrote (1309)12/5/2006 2:21:55 PM
From: Jeffrey S. Mitchell  Read Replies (2) | Respond to of 1521
 
So, where do I fit into that equation?

A well-intentioned sucker, which puts you in the vast majority. There's nothing wrong with wanting to turn pennies into dollars on some struggling but honest public company that, with adequate capital infusion, will have a good chance of succeeding. The flaw here is that if a company is not allowing its shareholders -- its owners -- to monitor and verify its actions, it has to be assumed to be, plain and simply, a scam.

Ask yourself this simple question: if *you* were trying to raise money for an honest venture, what's the downside to submitting timely audited financials to the SEC? It can't be money as that's just another business expense you take into account when seeking capital to grow your company.

If someone tells you "well, err, they could be telling the truth or not, we don't know all the facts": run away! They are blowing smoke to keep you invested while they hope their freebie shares that came at your expense will hit the jackpot. Again, there should be no reason why, if a company is honest, they can't put the true facts in an audited SEC filing.

To make money on non-reporting pink sheets, the overwhelming vast majority of which go swiftly out of business, you need to be adept at the greater fool theory. You need to find a sparsely followed company with a very low pps that has a good story you can hype to others. If the CEO has a track record of starting, pumping, and trashing companies, that's like striking gold. Then you need to clear your conscience that in order to make money you have to start building a house of cards to get others involved. You need to convince yourself not that the company is likely a scam, but that, "well, err, they could be telling the truth or not, we don't know all the facts."

Do you truly have what it takes? I don't think so. And that's a compliment.

- Jeff



To: creede who wrote (1309)12/5/2006 4:04:55 PM
From: im a survivor  Respond to of 1521
 
I do not think you are a pumper or a basher, using the true definition of those terms..

<<So, where do I fit into that equation?>>

I do think you are 100% wrong to be playing the micro's and expect them to be 100% honest with you and if they aren't, you will then bash the company and speak your feelings. You fail to see that honesty is not the norm in this arena...deception is.....So, you should NOT be surprised or upset if you find a company you 'thought' was being honest, was not....nor should you blame others or bash just for that reason...after all..you KNOW deception is the norm...you know the rules in this arena and those rules are very simple...GAMBLE AT YOUR OWN RISK AND KNOW THE GAME IS RIGGED PRIOR TO ROLLING YOUR DICE. If You KNOW that, then there is no reason to blame anybody but yourself if you lose, no reason to be surprised or shocked or upset...if you did NOT know the rules before playing, BLAME YOURSELF...

So, I do NOT think you are a basher or a pumper in the sense you describe.....but, yes, you have 'touted' some very 'iffy' companies, many of which you you truly belived in, but then turned to 'bashing' them when you found out they were not what you thought they were. You have also stated you expect 100% honesty and if you dont get it, you will surely speak up/bash....And I am trying to tell you that is WRONG and you are lowering yourself by doing that and may as well be prepared to bash every company out there, because I challenge you to find any company that has been 100% honest....

Creede, how many times have you 'fallen in love' with a company or their ceo, only to find out after the fact, the company was not all you thought it was and the ceo was not exactly being 100% forthright? yet after the many times it has happened, you still expect 100% honesty and will be shocked, surprised and upset if you dont get 100% honesty? You really need to wake up and realize this is NOT INVESTING...IT IS GAMBLING and when GAMBLING, NOTHING should come as a 'surprise'.

Also, I notice you did not comment on the disclaimer LBWR used TODAY, only 1 fday after you said 'LBWR would never issue a disclaimer with such riley wording'. I tried telling you at the time that these type disclaimers are the norm. Yet you kept implying that the riley worded disclaimer was unique to sljb..you even said none of the companies you have looked at have used such a disclaimer and that is when you then said lbwr would never do it...yet today, I showed you very clearly that LBWR's disclaimer was just like every other...they may use different wording, but they all the say the same thing which is basically..we cant promise anything..we may or may not be able to accomplish whatever....anything could harm or shut down our biz...we are not responsible for....and bla bla bla.....every disclaimer reads like a 'horror story', including LBWR which just one day ago you said would NEVER issue such a disclaimer.....but frankly, I am more shocked that you said none of the companies you have looked at have ever used such a disclaimer. Knowing you investigate the penny's quite thoroughly, how in the world can you have never seen such a disclaimer when 99.9% in this arena use such a disclaimer?

Creede, you are not a pumper or a basher...what you are is a 'gambler' like the bulk of us.....your biggest problem is you dont realize you are a gambler, sitting in the casino, and that sir, could be very painful if you dont realize it eventually. And like all casinos...anything can happen, normally does and the unexpected should be expected<lol>. Proof of expecting the unexpected can be found anywhere you look. You are 100% correct in that LBWR 'looks' as good as any micro you can find. Yet in the last 6 months, it is down 50% and look at the long list of KNOWN SCAMS that are up HUGE....I have hopes for lbwr and like their potential, but if you need proof that this is a casino where anything can happen, just look at all the scammy POS's that are flying to the moon, while actually 'good looking' plays go into the tank.......Would you 'expect' a great looking one to go down 50% while a known scam goes up 5000% in the same time period? NO! So, EXPECT THE UNEXPECTED and know the rules....and best of luck to ya.....I happen to think you are a great guy...very honest, no hidden agendas and etc....a true PLUS for any message board!! BUT...that may be your downfall <lol>...because you are indeed so honest, you assume others are as you are.....but wake up and realize that honesty is not something you find with many micro's. This is gambling and nothing more......