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Microcap & Penny Stocks : RDOX Battery Technology -- Ignore unavailable to you. Want to Upgrade?


To: Junkyardawg who wrote (1610)12/4/1998 9:45:00 AM
From: Arthur Radley  Read Replies (1) | Respond to of 1983
 
Lamar,
I would advise your friend to look at several sites on the internet as to insider trading but this would be to no avail. Therefore, I would suggest that he write the company(RDOX) and as a shareholder would like any documents filed with the SEC relating to shares sold by insiders. This information should be provided to shareholders by the involved company.

I'm at a total loss as to why your friend would write the following..."second their are no more outstanding shares in the company, all are being publicly traded from one shareholder to the next".(their should be there) Logic would tell you that if the stock is outstanding it is outstanding, so is your friend saying that there are no outstanding shares. What is his point?
As for his statement on carrying an asset at any value on your books...WRONG WRONG WRONG. Why does your friend think that the SEC mandated that RDOX change their filings to reflect the true value of their patent. Just ask your friend to call a major accounting firm and see if they will certify a company's filings with an asset that is inflated. Ask Al Dunlap of Sunbeam or the NEW ceo of Cendant about inflated assets on their balance sheets. Also, you can visit many federal prisons and ask inmates about inflated balance sheets. For them, the only relevent numbers are those on their prison uniforms as they are there because of the crimes they had commited with the ideas of any value supported by your friend.
As for Szymanski using his own funds, I assume that your friend also believes in the "tooth fairy".(:>)
Remember....buy WMT.
P.S. One final comment on inflated balance sheets. Ask your friend to go to his banker and apply for a loan. In his application he will have to provide the bank with a list of his assets. Have your friend to falsify his loan application with an asset that he has singleminded inflated to a value that isn't correct. Then tell your friend to look for a court document telling him when to appear for his trial. The same applies to companies that falsify their SEC filings to show assets that are inflated in value. You can lowball anyday but highballing is a NO-NO.