Combined DD and riskI whole heartedly agree that more due diligence should be performed before buying any stock, and should not base stock purchases on hype as there are a lot of scammers out there both pushing you to buy shares and also pushing to sell shares. My advice, take ALL comments on stockboard with a grain of salt.
Doing your own due diligence procedures and taking internet gossip for what it is…”gossip” will bring you a long way.
Facts about V.BUD:
- Currently a mineral exploration company, but have released on February 12, 2014 that they plan on evaluate new projects “including, but not limited to, opportunities in agriculture, medical, technology, finance, and resources”
- Decreased losses by $345,000 from the 9 months ended September 30, 2013 compared to the 9 months ended September 30, 2012.
- Has an ARO of $596,949 that is due in 2018, but has no debt instruments on the B/S on Sept 30, 2013, and has $237,352 in cash.
The company is a risky company, as ALL stocks under a $1 are, no matter what anyone tells you. Also, with all the due diligence in the world, you cannot account for the people who buy and sell stocks based on hype which is why stocks are so volatile, specially under a $1, so only put in based on the level of risk you are willing to put in, and never put it money that you can’t afford, cause there is no such thing as a sure stock.