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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: P.S.N. who wrote (849)	2/28/1999 8:57:00 PM
From: Rande Is	Read Replies (3) \| Respond to of 4766

Me too, PSN. . . .but I like to teach the masses of lurkers out there that don't yet see it that clearly. There are many many threads that say buy this OTC. . .pour your hard earned money into it. . .buy it now. . .hurry, its your last chance. . .put your kids college money into it, so they can go to a better college. . . .HURRY HURRY. But there are few threads that have the gonads to call a spade a spade and declare a scam a scam . . . and even declare some "saviours" to have deceitful agendas that do more harm than good. Now and then, I have to restate my position on this subject. . . so that this thread is kept clean from the trash that fouls most penny threads. That is why many hypesters stear clear of this thread. . .and scammers don't bother trying to pass off their pick-of-the-week here. The fishing thread is not immune to scammers by no means. . . but it is hopefully a safer place, where at least a scam will be seen for what it is and nothing more. . . and hype is ignored. Some simple rules that I have stated in part many times, but not often as a whole: I will not buy stocks from Vancouver, Boca Raton, La Jolla, Denver or Las Vegas. I avoid stocks that: - Were formed thru shell mergers - Have been financed thru offshore placements, debentures, etc. - Have convertible debentures, warrants, preferred, that could cause extraordinary dilution - Do not regularly report their financials to the SEC - Say they want to report their financials. . .but don't - Don't have a phone number that is LISTED in the city they conduct business [you would be surprised at how many there are]. - Have websites that seem to cater to investors. . .but not clients - Advertise to investors . . .[although this is a good place to find momos. . .] - Have assets that are not readily verifiable. . .due to being offshore, or "artistic" in nature or 'tied up in mergers' or 'too difficult to sort out' for whatever reason - Have revenues that are not readily verifiable for similar reasons - Press Releases that cannot be readily verified for whatever reasons - Have press releases that show acquisitions, conspicuously missing the exact cost of the acquisition [amount of cash. . . number of shares]. . . "undisclosed" doesn't cut it. - Have CEOs, CEO's wives, or CFOs that answer the phone - Refuse to give directions to the company headquarters, when you bluff a visit - Have approved a reverse-split . . or have an RS of more than 1 for 10 in the past 2 years - Have a history of heavy dilution - Insiders have listed numerous sells with the SEC in recent months - Press Releases describe a "revolutionary" product. . . but you cannot see it with your own eyes. . .or have it tested independently - Pending SEC investigations - Pending intellectual property lawsuits - Extraordinary dilution thru preferred stock - Dirty trading history.. . Well, there are others. . .but you get the picture. You of course must still make wise decisions, not merely avoid pitfalls. . .to see gains. But, if you follow this plan. . .you will avoid 98 percent of the OTC and arguably 50-60 percent of the Nasdaq. . .and hopefully, your portfolio will grow rather than fall . . . and isn't that why we are here? Rande Is