People Need to Read All the Disclaimers
attached as a warning in gambling investing their hard earned dollars into any stock. I just read the disclaimer attached to New Age Metals nam on the last news release listed on the Venture Exchange. Folks it starts as saying it can't guarantee that any of the information is truthful and accurate and people need to keep in mind that due to forward looking statements the outcomes may materially differ than what is expected. It goes on to say that there may be circumstances restrictions etc which may affect the results BUT companies are legally required to make mention of material information posted on Sedar filings. In other words folks the Exchanges as well as all the listed companies have their backside legally covered as these spell out the terms and conditions as to what we who decide to gamble invest agree to. This is why it is near impossible to succeed at class action as well as charge management for scam fraud being shady pick any word. When we decide to put money into any company these are the blanketed disclaimers and warning that are always issued and in putting monies into companies we have essentially legally agreed to these rules and regulations. As long as companies meet their filing obligations they will not be closed down or found of wrong doing unless they break exchange rules...rules such as not giving forward looking statement, cooking books, insider trading BUT lack of revenue or how long it takes to make it is not a violation nor is issuance of massive amounts of shares done under exchange approval or pivoting to and changing business directions although from what you see at the company description there is absolutely no indication of that as it is completely there integrated with more things on the crypto mining offering. Sure there have been name changes and one can question why but all the documents still show what has and is still going on. Again if people chose to gamble their hard earned dollars into companies and they have issues with pre Rev companies more specifically those without any product don't invest in all those ones pick companies with products and better still pick the TSX main Exchange in established companies as many of them pay out dividends. What some people do is have these companies and use dividend payouts to buy small cap stocks. The problem is that many of you don't likely have a balanced portfolio losing monies on companies sure that sell you pie in the sky the majority who fail to achieve them. Many companies say they have cutting edge tech and leader in the field having people believe as though they are the only with that texh...news flash folks not at all likely and that is where our due diligence is needed. One poster on the digi boards said he thought the companies AI crypto assessing platform was the only of its kind. I never believed or took it as such as I know people have been working on these software and I took it as a fairly good one. I had as I did over here painstakingly stated numerous time that the company would have to show why people will continue to use its platform on a paid subscription will do so if there are others that are just as good but cheaper to use in cost. I had gone on and on and on about this prior to the posters post saying he believed it was the only one. I thought how could you be so naive and said in my response I never believed that to be the case. In fact Elon Musk offered his software and that was about the same time or possibly a little later. I just don't get people honestly. Ones ignorance and lack of due diligence is nit grounds to call things fraud BUT what is worse is if we agree to all these disclaimers as we are we have thrown away literally all legal recourse and success of winning as these are and have been the terms and conditions we have agreed to so it is virtually impossible to win. Having said that I do expect all listed companies to have every intent on bringing whatever it is they are saying they endeavor to to do so. BUT it is not uncommon should things not work out accordingly that companies can and do repivot. Again it is up to us to see how the company operates and a huge factor is how does it manage its share structure even before this 528 million plus shares quite some time back I said be careful of it this company has a bad history of issuing lots of shares and that is troublesome. Having said that I also said providing it gets 1 percent of every vertical in time even 500 million shares is not too bad. I further said but it depends how the market values a fraction of earnings based on global supply problems and calculated on low production capacity on 20 to 50 million at 50 that is 10 cents but I said if there is EBITDA positive the value trades typically 2 to 4 times but all my assessments were based on revenue however without which there is no way this would trade above anything and is trading in this sense right and why it is low unless people project out but clearly people have said uh uh. Folks if you dislike what is here 98 percent of these amount to 0...put your hard earned dollars with those that have product and sales however many are not as flashy and by industry don't have as much monetary potential so they tend to trade quite a bit lower however everything is in perspective of trading ranges and knowing them and trading accordingly. I don't know what to say if people don't like any of this stay out of the juniors because in order to succeed you will have to strategically trade regardless of what you deem legitimate or nit that is as I said the nature of the beast and the whole structural set up. We have literally thrown away virtually all legal recourse upon buying and selling stocks in relation to the disclaimers there is literally no legs to stand on except gross violations by companies which are not common or easily proven. Anyways read all the disclaimers and if you don't like the rules of the game just simply don't play.