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Microcap & Penny Stocks : Bingo.com Ticker BIGR (formerly BIGG) -- Ignore unavailable to you. Want to Upgrade?


To: Baz Luhrman who wrote (259)2/6/1999 10:53:00 PM
From: DizzyG  Respond to of 1119
 
Your saying that it's a waste of time to actually go to visit a companies corporate offices, meet them in person, ask them questions etc.

Yes, as a matter of fact, I do think visiting the company is a waste of time when it comes to OTCBB stocks.

I would say that that is invaluable.

I remember not too long ago a group of investors from the MTEI thread thought the very same thing. Hell bent on a quest to "Visit the Company", a group of 7 investors went to the corporate offices of MTEI and chatted with all of the "key" players. Ultimately this group of investors came back from the "Company Visit" singing the praises of MTEI. Unfortunately, the company was a scam.

My point? Going to visit OTCBB companies, an investment arena filled with con-men and shills, is a waste of time because all you get is an extremely biased view of the facts by con-men that are masters of their craft.

Don't believe me? Take a look for yourself: Message 5225872
A truly sad story...

By the way Baz, I'm still waiting for an answer to my question...

Message 7682892

It looks like calling this company(your version of doing DD) did you a lot of good.

Diz-



To: Baz Luhrman who wrote (259)2/7/1999 8:46:00 AM
From: Janice Shell  Read Replies (1) | Respond to of 1119
 
Thanks though...you actually got my blood going with that silly comment

Diz's comment isn't silly at all. I could tell you numbers of stories about shareholders who paid visits to the company and came away enthusiastic. One of those companies was MTEI. Back last summer a group of seven supposedly well-informed investors made a trip to Houston. They were graciously received, spent several hours talking with management, and came away with a postive impression.

About three weeks later the SEC halted trading; a couple of weeks after that the company went out of business. I could, as I say, cite other examples, less extreme, but nonetheless indicative of the fact that in these circumstances management tells you want it wants you to hear.