Finding gold in the pink sheets
- Where will you find a "8" cent stock on the pink sheet exchange with 66,000,000 shrs outstanding a renowned economic geologist heading up the operation going into alluvial (open pit) gold production partnered with a commodity trading company??? If you find one PLEASE send me the symbol so I can buy it! ... If not you should be taking a very big interest in SLTA
.- Bringing respect to pink sheet stocks is tough the history is well known among savvy investors.
- The pink sheets, a fringe stock "exchange" for tiny companies, have long been off-limits to respectable money managers. Chalk it up to skepticism tainting "the pinks"
- These days tho you're likely to be rubbing shoulders with a blue-chip mutual fund shop like Fidelity Investments if you buy pink-sheet shares. Thanks to the economic downturn, accounting mishaps and stricter financial reporting rules that strap a financial burden on tiny companies if they stay on the main exchanges, more and more respectable businesses with decent prospects have migrated to the pink sheets.
- SLTA is no exception. The company is wrapping up final audits needed to move back to the over-the-counter bulletin board. It says this could happen in the next two months.
- In short, there's gold in the pink sheets, if you know how to look!!!