To: CO who wrote (3129 ) 6/15/1998 11:01:00 AM From: Thomas George Warner Read Replies (3) | Respond to of 8879
Cheryl suggest that you read this and than tell me what I am doing is wrong. And to answer another posters questions, sure I use information and data from the company (none seems to be available from GLOW), but compare it against other sources. And Brad you seem to be changing your story again relative to receiving information from the company. To: +T. G. W. (3088 ) From: +Brad Morris Sunday, Jun 14 1998 10:56PM ET Reply # of 3135 I am not quite sure that he will tell me updates because I have tried that before and they said that can only give that kind of info through press releases! mosl.sos.state.mo.us Legitimate penny stocks Despite all of the problems with penny stocks and the millions of dollars of loss involved with them, there are legitimate companies whose securities trade in the pink sheets at very low prices. Struggling young companies just starting out are perfect examples. Investment in such a company, held through the company's formative years, can pay off well. Such an astute investment requires three things: the ability to choose the right company, the capital to invest and hold the investment, and luck. In order to choose the right company, you must know something about the business in which the company engages. You must be able to evaluate the feasibility of the company's business plan and the company's ability to compete in its field of endeavor. You must be able to evaluate the ability of the company's management to run the company. Finally, you must be able to evaluate the capitalization and cash flow of the company. If you find the right company, you must be able to hold the investment for years to allow the company to mature and for the stock to appreciate in value. Investment in "growth" companies is long-term investment. Furthermore, you must have sufficient capital to be able to withstand total loss of your investment. Investment in emerging companies is always a high-risk investment. Finally, there is simply an element of luck in any stock investment. Luck plays an even greater role in a market in which manipulation is so prevalent. Some legitimate companies have had their stocks manipulated to such an extent that they were forced out of business. Even without manipulation, the success or failure of a fledgling business is simply unpredictable