Already Better than Citron Research
And that's saying Something
As anyone who has ever looked at OTC stocks can tell you we are are on our own. The SEC is far too slow, wall street media and the exchanges are uninterested and the brokerages are geared towards enabling any potential you mya have (no matter how bad it may be)
Until about the only voice of reason investors could find were select short sellers. And more than a few never bother to disclose their positions publicly.
enter Melissa Davis, formerly of thestreet.com, who brings some old school hard hitting investigative journalism (watergate era style when reporters were more than PR agents basically) and ethics to an area previously left free rein to criminals.
This site is just awesome, they are extremely thorough. And their writing style usually makes a provocative story out of it as well. Juts take a look at their report on AENY.OB
http://www.thestreetsweeper.org/undersurveillance.html?i=189
They take their on tax structure, their officers shady past, The fishy merger. They challenge on their really vague claims on reserves. The show you how insiders are hiding how they dump shares. It's beautiful, just beautiful work.
And you don't have to worry (as much) about their motives. These are reporters not short sellers. So no worries about possible "short and distort" issues.
The site is just getting started out so it's content isn't completely fleshed out yet (an RSS Feed would be nice). But man the potential is there!
Melissa Davis's site shows a lot of promise of protecting retail investors, who it is estimated get ripped off to the tunes of hundreds of millions of dollars every year in OTC fraud (or just bad ideas).
A must read for any penny stock investor.
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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.
