Some on other boards seem to be adamant about slam
Post# of 11899
http://finance.yahoo.com/news/intellicell-bio...31779.html
"The Court made it abundantly clear that Ironridge (led by its principals John Kirkland and Richard Krieger) and TCA are not entitled to monetary damages and had no right to inappropriately broadcast to the world that it could sell IntelliCell's assets."
but some feel the need to insinuate that their primary business strategy is to somehow finagle their way into a large ownership position of these micro cap stocks so they can turn around and dump stock to make money. First of all, according to the IronRidge managing director's own words, he has admitted that they are "in the business of selling stock", but then again, are not ALL investors "in the business of selling stock"? I mean, at the end of the day, the only reason investors put capital to work investing in a company is to see a return of capital which by definition means eventually selling shares. So of course an investment firm desires to acquire shares of a company in order to sell them, preferably at a higher price; "buy low, sell high", it's not rocket science, eh? Yet some still pound the table that anyone engaged in "front loading", (I assume they mean buying shares ahead of catalysts which could move the stock or ahead of when the investor/trader thinks the stock could move higher), is necessarily a shady sketchy insider defrauding the poor helpless naive investors who are allegedly getting tricked into buying into what they assume is a scam share selling scheme. News flash, ALL investors have the same strategy, "buy low and sell high". It's no conspiracy or scam, it's what every single investment firm and individual investor hopes to do in their investment endeavors.
IronRidge Global is an investment firm and they have put a considerable and ongoing investment commitment into RFMK.
Why did they do that? Well, we would assume they hope to "buy low and sell high", aka, make a profit.
Some folks need to get their stories straight, on the one hand they claim IronRidge is constantly dumping ad infinitum and so causing the share prices to fall into the cellar but then they also are claiming that IronRidge is out to accumulate large positions in micro caps so they can eventually dump all their shares for a profit. Well, these two possibilities are mutually exclusive, they cannot be engaging in both strategies at once, if they did then their long term holdings would be significantly devalued by their continued ruination of the current share price by way of dumping some tiny portion of their holdings every day. Such speculative nonsense does not make sense.
I think it is important for investors to hear directly for themselves the investment philosophy of the managing director of IronRidge Global.
The managing director has a long term investment philosophy and is a realist when it comes to making money in the market and trying to only invest in companies with great potential and have competent management teams. All of the general investment ideas I myself always suggest for individual investors is shared by the managing director. I found the video's below very informative and interesting. The video's are very recent interviews with the IronRidge Global managing director.
Some excerpts include the following quotes I found quite amusing and interesting.
I guess IronRidge Global did their enterprise level due diligence and found that RFMK was a great investment and had long term potential and a competent management team, BWDIK . Just speculating but I would imagine a global investment firm's "DD" would likely be more in depth than an anonymous peanut gallery of short selling scam bashers on a public internet message board, BWDIK . Just my humble opinions and speculations. So much for tin foil hats . Enjoy.
Do or do not, there is no try.
$RFMK
"Nine out of ten people pitch us tin foil hats . We only get the one, really good idea."
"I'm not typically betting on the numbers, because typically the number for these companies aren't good or
aren't as good as I would want them to be. My hope is that I write the check and that improves the numbers . And the only
way that happens is if the guy I am writing the check to is good at his job. "