Originally Posted by
Los Tiburones
Notwal, think Bill pretty much nails this. My two bit's ... This is not uncommon. The company I work for (neither small nor Microsoft large) has seen these exact same so called 'Class action' lawsuits for a variety of reasons. Early on they would freak me out. We actually had\have an ongoing patent lawsuit that is real but it brought out these ambulance chasers nevertheless. When the announcement came that we would be merging\acquired, there wasn't just one of these but several! Always out to protect\protest and make right for the shareholders ... All of it amounted to sheer rubbish. Not a one of these ever took hold and just silently whimpered away into oblivion.
There ought to be some curbs on these cockroaches or at least a better spray ...
They spook investors and help drive down the stock prices, watched it with my own eye's. Check back on these guy's in Dec. they will be nowhere to be found I can almost guarantee it ... However! Being that this is in the penny realm and with all the recent drama, the SEC shutdown, the late filing I couldn't ever be 100% certain, just personal experience ...
Taking opportunity of this bit of a rant, something that's been on my mind in general ... It's difficult to stay rational sometimes with these pennies. I remain highly suspicious just due to the unfortunate nature that both allows and furthers all sorts of shady characters and business's on these exchanges. I am want to say I could but wish for a new, third exchange, call it the "All American Trust Counter" or something to that effect. Self governed and moreover strictly controlled - No one makes it on to the exchange that cannot prove tangible evidence and none stays that violates any core ethic of honest, moral, conservative ... 'old fashioned' values. One strike and your out. The foundation would be based on the same principle that not too long ago was a handshake and a mans word was all that was needed to seal a deal. Honor and integrity, character ... Yeah, I'm dreaming ...
This is still America and despite knowing better to get emotionally involved with these pennies or any stock for that matter, the whole "don't fall in love with them", well stated advice - I want to see the real business's succeed just as much as to make a profit, whether by trading or by longer term investment. At the same time, the artery clogging misfit's, the scam artists, the intentionally misleading pump and dump outfit's ought not only fail but be prosecuted as a deterrent. What it seems is our Gov. has a half-ass-ed approach, a sort of window dressing appeasement that makes it look like they are about doing something when the end results are nothing short of a slap on the wrist or a turning away as an end product.
Would hate to give the wrong impression here as it pertains to the stocks we are playing\investing\trading here. Fortunately, collectively there is enough intelligence, critical thinking and even constructive criticism here to keep us all grounded and aware. I am constantly re-evaluating these things, these companies and am sure I am feeding off recent comments, from Dr. Dave, Bill, Rams, Romo ... everybody. Just scrutinizing the crap out of these things, it's beyond "DD", more like being a private eye, everything just screams for legitimacy, is it legit, is the company legit are they really, truly trying to build a business or _______?
Trouble with a rant like this is it might get some rah rah's but is just an outlet of thought that is a bunch of hot air in the end. I wish I could put a model into place that would earn respectability, the only real way, not by touting and advertising it but by others having no other recourse than to take notice of it.
Trying to pick gems out of slime-balls, I guess that is what we are doing, ultimately.
Coming back to my senses ... SpongeTech ... The jury is still out. I hate the conspiracy laden, journalistic hypothetical ... wanting to see failure hordes ... I guess this is really a bigger part of my beef underneath it all. There seems to be this shift in mindset and I will say it, politically, that somehow wants to see America fail - I have seen it even on a religious front from where I have often dwelled, it is the "Anti-American" culture eating way at it's own young, from the inside ... it just baffles me and troubles me. Thank God that there has been some undercurrent brewing of dissatisfaction, the town hall meetings and even some largely overlooked protests (Our wonderful 'bi-partisan' media) that to my mind are finally less a political party statement and more of a yes, "Patriotic", American attribute. I would suppose that there is just as many so called conservative 'Republican's' that were displeased by the last administration as the current. It's gotten to be where the lines are blurred or better, just the same old cronyism and keeping status-quo.
I feel like I am just getting started ...