Fair Warning to All
Friday, April 14, 2006
With my various memberships at websites related to uranium
and precious metals as well as other resources, I get tons of mail in my inbox
to sift through. As with all investing material I sift through it to find the
hidden gems, as I am sure most investors do. However as more and more people get
wind of “The Uranium Movement” I have noticed that more and more of the
information that they provide is not true. The other day I was following through
with some Due Diligence and realized that what this newsletter was saying about
this company was one sided. They stated all of the best case scenarios, yet
failed to mention the repercussions if the company should for some reason fail
to succeed. And I must point out that on any of the projects, should they not
follow through with what they planed they risked filing for Bankruptcy. Well I
went and checked out the large shareholders in this company and the investment
company this letter came from was actually listed as holding a fairly large
stake. Now it is not my knowledge as to what they did with that stake, as I
decided at that time not to follow through with that research anymore, but it
brought up what I thought was something quite important to speak to you all
about.
I think that now it is more important than ever to watch
the pump and dump specialists, and perform even more due diligence. These guys
remind me almost of the worst lawyers, you know personal injury lawyers, divorce
attorneys, mesothelioma litigators (from asbestos), and the like all mixed into
one (funny how we have so many names for one profession in this country). They
are simply in it for the money, and my fear is that as they make more and more
of it off of their scams, they will provide further “newsletters” or “news
bulletins” much like the way every city’s personal injury lawyers have done. As
their practice has become more and more profitable through advertising, what do
they do, put more of the filth on the airwaves. So as your nest egg grows with
the rise in the price of uranium stocks, be ever more careful with where you get
your information and remember to always perform due diligence of your own before
investing in a great idea.