Posted On: 09/23/2014 12:06:26 PM
Post# of 56323
I have a small investment from January, just a play amount as the OTC is not really my cup of tea but it was the only play located in Canada that was trading so I figured why not. It won't make me rich, but it won't make me poor either. If was pure speculation and it was play money. I would not bet my future on any stock, on any exchange. I have seen far too many friends and relatives go all in on stocks like Nortel, Bre-X and taken a bath, and they were companies with supposed more stringent disclosure rules. No disclosure rules apply here, especially with FITX, not because of what they say but because they fall between the cracks. No Canadian regulator has authority over them, the SEC provides little in oversight, and with that in mind, if I lose my $1500.00 I lose it. Never invest more than you can afford to lost. I will not average down as it defeats my original intent to play it, not invest with it. I just like to make sure facts are facts and not a pipe dream. Too many pipe dreamers and naysayers all espousing bullshit, either pumping it up or blowing gas. One I began digging if I found nothing to give me pause for concern, I might have dug in a bit more but I found a contradiction and decided to hold what little I have. I took a bigger interest when I started reading Facebook this summer and seeing the posts about millionairs coming, and Ihb with doom is coming and that lot over there, and the pumpers of course. Facts are facts. I would not post anything if it did not have a factual background which could be researched.
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