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Microcap & Penny Stocks : PLFM - Undervalued with great potential -- Ignore unavailable to you. Want to Upgrade?


To: Shawn who wrote (3376)6/16/1998 11:02:00 AM
From: Jim Chapman  Read Replies (2) | Respond to of 9096
 
Be Careful
After reading this board for some time and trading in and out of PLFM, I have but one thought to transmit to investors. BE CAREFUL. You are treading into a field where there is a lot of competition. Many companies with deep pockets are building computer designed remote controlled aircraft which are currently being flight tested and assessed by several different countries. The question for long term investors is "Who has the best mousetrap," along with the pockets deep enough to continue expensive R&D.

This is the most risky arena the micro cap investor can play in. I'm talking about the arena of NON REPORTING BB stocks. No, I'm not short the stock. I regard non-reporting companies as a short play only because of the risk involved.

I would much rather read a 10K from Edgar than a Company Announcement. There is far more liability of company directors after they become a fully reporting company and company directors are aware of this fact.