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<p>[QUOTE="medoraman, post: 1028478, member: 26302"]I bought Wynn when their financials looked just like that. Same issues. Most startups have large management fees, look insolvent, have closely held debt servicing, have burndown ratios, etc. I trusted Steve Wynn and the SEC protection on that one because it was not a penny stock. Financial numbers do not tell you much on startups, you have to rely on management, reputation, product, and SEC governance.</p><p><br /></p><p>Owle, I would just look at regular stock reporting services, (I use my broker services), and review financials, PE, analyst reports, etc. I will disclose I invest in a couple of the companies I listed but not all, but I think all I listed would be 1000 times safer than penny stocks. It depends on whether you are more of a lottery or steady investing kind of guy. I don't like putting "real" money into lotteries, especially the penny stock lottery.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1028478, member: 26302"]I bought Wynn when their financials looked just like that. Same issues. Most startups have large management fees, look insolvent, have closely held debt servicing, have burndown ratios, etc. I trusted Steve Wynn and the SEC protection on that one because it was not a penny stock. Financial numbers do not tell you much on startups, you have to rely on management, reputation, product, and SEC governance. Owle, I would just look at regular stock reporting services, (I use my broker services), and review financials, PE, analyst reports, etc. I will disclose I invest in a couple of the companies I listed but not all, but I think all I listed would be 1000 times safer than penny stocks. It depends on whether you are more of a lottery or steady investing kind of guy. I don't like putting "real" money into lotteries, especially the penny stock lottery.[/QUOTE]
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