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I love New York
If you are interested in getting a Pink Sheet listing, read the last paragraph.
Malcolm and I had a chance to attend the Hard Asset Conference in New York. I had the opportunity to meet with a few clients, a few advertisers, and a few of you we might be doing business with. I left New York with many impressions, but I would like to first say how much I enjoyed meeting everyone in person. It is great to place a face with a name, and to get to know each of you personally.
My first impression, judging from the crowd, is that this is a bottom. One of my mentors (Dennis Leontyev-who manages over a billion dollars), primary indicator is sentiment. The negative sentiment is at an extreme. And then you factor the price of commodities relative to the price of stocks, you have a bottom. We actually now fully expect that the commodity stocks (especially the juniors) will now out perform the commodities themselves. And the stocks are where the real value is at.
Secondly, the stocks that have the best stories and tell them clearly will obviously do the best. And this makes a heck of a lot of sense. Money flows down. It starts with the big boys in the industry, since they are most well known. It then goes to the mid-cap, and then finally to the smaller guys. So it is essential that you position yourself well to take advantage of this move.
Third, I am amazed about how many companies do not know the laws and regulations for marketing in the U.S., and how many "consultants" and IR firms pray on this lack of knowledge. For starters, if you wish to gain exposure to the U.S. investor, you need to make sure you are blue skied in most of the states and you need get your pink sheet listing. This is NOT so investors can buy you over the counter. Many of the funds and investors that we consult with would rather buy you on the TSX. However, in order for a financial adviser or broker in the U.S. to recommend your company, you have to be either blue skied or have a pink sheet. Other wise, they could be sued if your stock tanks. I know of many companies that spend tens of thousands of dollars to attend such events and shows at the advice of their contracted IR firms, but do not have a listing. If this is your case, you are wasting money.
Finally, if you are looking to get a pink sheet listing or blue skied, please let us know. We can save you thousands of dollars and plenty of head ache. True story, one of our advertisers at www.themarkettraders.com was quoted by a consultant at the New York show that he would give him a "deal" around twenty grand to get the listing. He told us so we referred him to one of our contacts that offered to do it less than three.
Hope to meet you in person, soon.
Andy




























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