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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter -- Ignore unavailable to you. Want to Upgrade?

To: Complexio Oppositorum who wrote (13508)	4/7/1999 7:08:00 PM
From: Forest Gump	Read Replies (1) \| Respond to of 40688

Complexio, there are 2 sides to the coin. I can post far more horror stories about OTC than successes. I personally met with a man in Houston who took all of his fathers life insurance (his and his mothers) and put it into an OTC stock. He even went as far as going to their offices. So did I and several other people, everything looked great, we did our DD, we met the officers, we questioned them, we were impressed. He put so much faith into a non-reporting company with no numbers that we had to pay for his meal after the meeting.. Two weeks later the company was delisted to the pink sheets and the stock was worth .001.... We have not heard from him since... Always look both ways before crossing the Wall Street Make no mistake.. AS OF TODAY, OTC STOCKS don't have to tell you anything. Profits, outstanding shares, etc... Go to the FAMH thread. WOW we thought it was a hit. Every body was buying tons of it a .60. They only had 20 million outstanding shares..., INFE, DGIV.... they all sounded fantastic... Every once in a while an OTC hits but it is not in the numbers.... well guess what, while we were buying they printed another 50 million shares and never told a soul.... OTC is dangerous territory.. Having said that I still like PNLK but I want to see some Hit and Customer counts and some numbers... Did you know that if someone is really short an OTC stock they can approach the owners and buy straight from the company. THink about it, you are a struggling company with high hopes. An MM has shorted 2 million of your shares at, let's say, average of $5. Now, they have manipulated the price down to 2 but no-one is selling. They only cover a million sharess but they have made 3 million. Now they show up at the companies door step and say 'hey, we will buy a million shares from you at 2 1/4, that's .25 over the value and you can always use the cash being a startup and all...... Now after all that, they make 750K, the stock is diluted and they know it but you don't OTC is dangerous