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American Company Spotlight

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MagneGas Corp. Website:
Click Here |
Information As Of
August 4,
2010 |
| Exchange:
OTCBB |
Market Cap:
8.5
Million |
| Outstanding Shares:
106.8
Million |
52 Low / High:
$0.054 / $0.45 |
|
Price August
4, 2010:
$0.08 |
MNGA Recent Stock Quote and News:
Click Here |
"Unlike
many “emerging” companies, MNGA has already been generating
revenues in 2010. Shipments of MagneGas have been sent to the
Middle East and a Joint Venture in China has generated cash
flow and established an international base to market their
technology and products."
Overview
Founded in 2007, Tampa-based MagneGas Corporation is the producer of
MagneGas™, a natural gas alternative and metal working fuel made from liquid
waste such as sewage, sludge, manure and certain industrial and oil based liquid
wastes. The Company's patented Plasma Arc Flow™ process gasifies liquid waste,
creating a clean burning fuel that is essentially interchangeable with natural
gas, but with lower green house gas emissions. MagneGas™ can be used for metal
cutting, cooking, heating or powering bi fuel automobiles.
Investment Highlights
- The Next Tech Boom?. Alternative or “Green”
energy is purported by many to be the next booming industry
for the stock market.
- Industry Incentives. President Clinton endorsed
the possibilities of the green energy explosion. President
Obama is helping promote the conversion to more
“responsible” forms of energy through incentives.
- Green Energy Revenues Continue to Grow. Revenues
relating to green energy grew by more than 38% from 2007 to
2008. By 2018 it is forecast that the three main clean
technology sectors will have revenues in excess of $325
billion.
- Limited Competition. While many companies are
focusing their attention to green energies that have stiff
competition, the area of industrial waste presents an area
of need with limited companies having solutions or having
the technology intact presently.
- Solid Leadership. MNGA was founded in 2007 by a
world-renowned Harvard and MIT physicist and supported by
executives with high-level experience in the industry both
nationally and internationally.
- Growth In Operations & Revenues. Unlike many
“emerging” companies, MNGA has already been generating
revenues in 2010. Shipments of MagneGas have been sent to
the Middle East and a Joint Venture in China has generated
cash flow and established an international base to market
their technology and products.
- Company’s Technology Produced Most Environmentally
Friendly Fuel. The Company’s patented Plasma Arc Flow™
systems gasifies liquid waste, creating a clean burning fuel
that is essentially interchangeable with natural gas, but
with significantly lower greenhouse gas emissions. The
environmental impact is less than any other fuel, and far
greater than any fossil fuel.
- Technology Useful In Various Forms Of Liquid Waste.
The system can be used for many forms of liquid waste
including, but not limited to, sewage and sludge, farm
manure, glycerine & bio-fuel by-products, petroleum
by-products and oil-based wastes. The water produced through
the conversion is cleaned and suitable for irrigation.
- Growing Natural Gas Market. There are
approximately 125,000 natural gas-powered vehicles on the
road already in the United States, but that number could
increase dramatically in the near future as House lawmakers
are expected to vote on legislation before Congress breaks
for recess in August to provide a federal rebate of $10,000
for natural gas cars and up to $64,000 for heavy trucks.
Profile
The tech boom in the late 1990’s provided insane profits
for those that got in early. In the stock market world,
phrases such as “finding the next Microsoft” or “the new
Google” are used and understood by even the most novice
investor. Quite simply, everyone is aware of the huge gains
that were reaped as tech related companies saw profits in the
many thousands percent from bottom to top. Now people are
looking for the next industry that has the potential of
lucrative gains produced by the technology industry as related
to the internet.
It is argued by many that “green” technologies are the next
tech boom and will produce companies that can rival the gains
of the 1990’s. Green technologies are not simply wind or solar
power. They encompass many fields and industries, including
renewable energy (wind power, solar power, biomass,
hydropower, and biofuels), information technology, green
transportation, electric motors, green chemistry, lighting,
and many other appliances that are now more energy efficient.
Generally speaking, green energy is any energy that is
produced in a manner that has less of a negative impact to the
environment than energy sources like fossil fuels, which are
often produced with harmful side effects and limited by
nature.
Speaking on alternative energy initiatives in early 2009,
former President Clinton claimed that “Alternative energy
would spark the largest job boom we’ve had since World War II
─ and we wouldn’t have to shoot anyone to do it!” This
sentiment is echoed by President Barrack Obama with his
commitment to “invest $150 billion over the next ten years in
energy research and development to transition to a clean
energy economy.” It is not just the federal government that is
offering incentives, more than half of the states in the U.S.
(accounted for nearly 80% of all the people in the U.S.) have
enacted Renewable Portfolio Standards further encouraging, in
some cases mandating, green technologies.
The green energy expansion is not merely a fad, as some at
first believed it could be. It is growing in strength and
gaining major momentum. This is verified through both the
incentives from all levels of governments and through facts
and figures. Clean technology venture investment reached $6.1
billion in 2007 in North America, Europe, Israel, China and
India. That number was crushed by more than 38% in 2008 when
venture investments grew to $8.4 billion. 2008 marked the 7th
consecutive year of increased investments. Even though clean
tech investments slacked some in 2009 along with the rest of
the economy, the boom is back as Dow Jones VentureSource
reported investments in startups and emerging growth companies
popping up 38% in the first quarter of 2010 as compared to
2009.
Revenues from clean energy have steadily been on the rise over
the last decade. The increase in global awareness of the
impact of actions on the Earth combined with incentives
mentioned above and an overall better understanding of the
technologies involved are propelling revenues higher each
year. The three major clean energy sectors, solar
photovoltaics, wind power, and biofuels, saw their combined
revenues climb to $115.9 billion in 2008, a 53 percent boost
from $75.8 billion in the previous year. By 2018 it is
forecast that the three main clean technology sectors will
have revenues in excess of $325 billion.
While many green companies are focusing their attention on
wind and solar power, there is an area of great need in the
waste to energy sector of the industry. Waste is a huge
concern in our ever-growing world. Many companies are focused
on solid wastes and how they can be converted into biofuels.
In particular, a focus is on plant related energy
possibilities. For example, the remains of plants processed
for human use molder in landfills worldwide. The cellulose in
these wastes, albeit a blade of grass or a piece of paper
(obviously derived from trees), are broken down by microbes in
landfills and converted to methane. It has been proven that
the methane can be harvested and converted into cellulosic
ethanol fuel.
While the majority of companies focus on what we will call the
more “obvious,” the number of companies devoting their
energies to issues that still consume the world is somewhat
limited. While solid waste is definitely an issue, liquid
waste is a major concern as well, but just not as well
publicized. I guess it is somewhat understandable as “sludge”
is not something that is usually a topic of dinner
conversation. Be that as it may, liquid waste is harming our
world’s ecosystem and is a significant global concern.
MagneGas Corp. (OTCBB:MNGA) focuses on green technology for
recycling liquid waste into useable byproducts, including a
hydrogen-based fuel named MagneGas™, which is used as a
natural gas alternative and metal cutting fuel. MNGA, based in
Tampa, FL, was founded in 2007 by world-renowned Harvard and
MIT physicist, Dr. Ruggero Santilli.
MagneGas Corporation is led by a quality management team
consisting of pioneers in physics and high-level experience
within the industry both nationally and internationally. Dr.
Santilli, with a long list of distinguished accolades in both
mainstream and fringe physics, including being nominated for
the Nobel Prize in physics and chemistry and the 2009 winner
of the “Gold Prize Mediterraneo” for Science and Technology,
holds the positions CEO and Chief Scientist for MagneGas.
The Company’s patented Plasma Arc Flow™ process is the
foundation of their operations. Through a combination of
turbo-heating (10,000 degrees), electric current (1,000 amps)
and ultraviolet rays, the Plasma Arc Flow system gasifies
liquid waste, creating a clean burning fuel that is
essentially interchangeable with natural gas, but with
significantly lower greenhouse gas emissions. The
environmental impact is less than any other fuel and far
greater than any fossil fuel.
The system can be used for many forms of liquid waste
including, but not limited to, sewage and sludge, farm manure,
glycerin & bio-fuel by-products, petroleum by-products and
oil-based wastes. The water produced through the conversion is
cleaned and suitable for use in irrigation.
Further supporting the value of MagneGas, is the fact that it
is dramatically cleaner and less expensive to produce than
other alternative fuel and does so with taking up very minimal
space. The Plasma Arc Flow recycler occupies only a 10 foot (3
meter) by 30 foot (10 meter) footprint and can be placed
anywhere, even indoors as it is quiet and does not emit any
harmful exhaust.
MagneGas can be used for metal cutting, cooking, heating or
powering biofuel automobiles. Any vehicle that runs on natural
gas can run on MagneGas with absolutely no conversions
required. It has also been shown that gas powered vehicles can
run on natural gas (and thus MagneGas) with installation of
pressurized tanks, and another set of injectors on the intake
manifold.
There are approximately 125,000 natural gas-powered vehicles
on the road already in the United States, but that number
could increase dramatically in the near future as House
lawmakers are expected to vote on legislation before Congress
breaks for recess in August to provide a federal rebate of
$10,000 for natural gas cars and up to $64,000 for heavy
trucks.
The international market for MagneGas is even greater at the
moment. While the number of natural gas vehicles is growing
steadily nationally, it is still significantly smaller than
the world leader, Pakistan, which already has over 2.3 million
natural gas vehicles on the road according to the
International Association for Natural Gas Vehicles. The
automobile power industry is a more distant for MagneGas as
overall growth and usage continues to be more mainstream, but
other applications for the green gas is being applied today.
MagneGas is establishing itself as an industry leader in the
$680 million metal cutting industry. MagneGas has demonstrated
unsurpassed performance and economy for metal working as it
cuts faster and with narrower kerf, cuts cleaner with less
slag and no top edge roll-over, is non-toxic and less
expensive than all other present industry gases.
The list of potential sources of revenues for MagneGas is
lengthy, to say the least, as gas products are in use
virtually everywhere. The industrial vehicles market (i.e.
forklifts and other industrial vehicles) is a $2 billion a
year industry. MagneGas already has these vehicles running at
their corporate headquarters. Not only is MagneGas more
efficient, but also emits substantial oxygen, enriching the
atmosphere.
A final long-term business strategy involves the industrial
and home natural gas/hydrogen market. The International
Journal of Hydrogen Energy estimates this industry to grow to
a $12 billion market by 2012.
While much of the focus has been on the many uses for the
MagneGas that can be produced from the Plasma Arc Flow
Recycler, it is important to recall where the process begins;
through the elimination of liquid waste. The potential in this
regard is tremendous as it can treat overflow and sludge for
municipalities and communities of all sizes as well as being a
great resource for commercial and industrial companies.
MagneGas is emerging quickly as they have been implementing
their business plans and seeing success already. Earlier this
year, the Company announced the international sale of
MagneGas™, selling 294 cylinders of the MagneGas™ fuel to
United Arab Emirates ("UAE")-based United Gas Company
("UNIGAS"). On March 18, 2010, MagneGas received $950,000
toward a $1.9 million contract for a Plasma Arc Flow Refinery
(remainder due upon completion). On June 30th, MagneGas also
received a $1 million dollar payment as part of a Joint
Venture with Beijing-based DDI Industry International for
exclusive China market rights of the MagneGas technologies.
Another nearly $1 million payment is anticipated on September
30, 2010 as fulfillment of the contract.
From a technical standpoint, the one-year MNGA chart has a
classic “double bottom” pattern at this moment. A support
level has held at $.07 throughout the year with the last run
off these levels exceeding 200% gains as the price per share
(PPS) climbed to almost $.25 in the month of March. Standing
in front of a large move again is some resistance at $.09
brought about in part by previous price per share and, more
importantly, the 50 day moving average (DMA). More significant
resistance will come at $.10. Not only is a dime a typical
psychological barrier, but it was a solid support level
throughout May and into June. Upon slipping under $.10, the
resistance has stood firm since. The price per share is still
trading inside the bollinger bands and in close proximity to
all the short term moving averages as well as the 50 DMA. If a
move to the north happens, the price will draw support from
these moving averages, in particular the 50 DMA. Lower
indicators are aligning pretty nicely at the moment as there
is positive divergence of the MACD with the PPS which is
sometimes used in helping determine a possible reversal.
Particularly interesting to note about the chart is the level
of the positive and negative DI’s in the ADX indicator. They
are both at exaggerated levels with the –DI being over 60 and
the +DI approaching 10. While susceptible to whipsaw motions,
these portions of the ADX tend to not want to stay at these
extreme levels and when positioned in this manner, they tend
to correct themselves. Some positive strength is needed to be
displayed in the chart to bring them back to more moderate
levels. Always remember that not only is this purely
our interpretation of the ADX, but
it is meant to be used in combination with other indicators,
not alone, in the formulation of chart analysis. As always,
this is merely AllPennyStocks.com's
evaluation of the MNGA technical chart.
We always recommend that all
investors do their own due diligence and consult with a
qualified financial advisor prior to making any investment
decisions.
With an ever-increasing global focus on “going green,” the
evolution of industry is seeing an increasing change in
technology to accommodate the trend shift and still provide
superior products. The government is demonstrating support
like never before in this evolution through greater incentives
to preserve depleting fossil fuels and encouragement of more
environmental responsibility.
The technologies of MagneGas Corporation can play a valuable
role in the world today as its patented products are
multi-dimensional. Not only do they address an area of great
need with regards to the disposal of liquid waste, but the
“green” gasified byproduct of the waste is a viable, superior
alternative to many of the gases that we use today. It is for
these reasons as well as many others, that we at
AllPennyStocks.com have turned our attention on MagneGas
Corporation (OTCBB:MNGA) as our latest U.S. Company spotlight
and encourage investors to do their own due diligence on the
Company and add it to their watch lists.
Recent News and Press Releases
MagneGas Increases Competitive Advantage With New Patent
Marketwire (Wed, Aug 4)
MagneGas Announces China Refinery Now Complete
Marketwire (Mon, Aug 2)
MagneGas Receives First $1.0 MM Investment Installment From
China Partner
Marketwire (Mon, Jul 12)
MagneGas CFO Details Growth Strategy in Video Interview
Marketwire (Thu, Jul 1)
MAGNEGAS CORP Files SEC form 8-K, Entry into a Material
Definitive Agreement, Unregistered Sale of Equity
Securities,
EDGAR Online (Wed, Jun 30)
MagneGas Acquires Substantial Share of European and African
Market Rights
Marketwire (Tue, Jun 29)
MAGNEGAS CORP Files SEC form 8-K, Entry into a Material
Definitive Agreement, Financial Statements and Exhibits
EDGAR Online (Fri, Jun 25)
China Update: MagneGas Secures $2.0 MM Investment
Commitment, 20% of China Joint Venture
Marketwire (Tue, Jun 22)
China MagneGas Refinery Almost Complete; Final $950,000
Expected by August 31st
Marketwire (Thu, Jun 17)
MagneGas Officially Opens Australian Market With First Fuel
Sale
Marketwire (Wed, Jun 9)
Management
Dr. Ruggero Maria Santilli - Chairman of the Board,
Chief Executive Officer
Ruggero Santilli was born and educated in Italy where he
achieved his Ph.D., the highest possible education in
mathematics and physics, as well as a chair in nuclear physics
at the Avogadro Institute in Turin. In 1967 Santilli was
invited by the University of Miami in Florida to conduct
research for NASA and he moved with his family to the U.S.A.
where he subsequently became a U.S. citizen. In 1968 he joined
the faculty of Boston University, under partial support from
the U.S. Air Force, where he taught physics and applied
mathematics from prep courses to seminar post-Ph.D. courses.
In 1975-1977 he went to MIT and from 1978 to 1983 he was a
member of Harvard University where he received five grants
from the U. S. Department of Energy to study a generalization
of quantum mechanics and chemistry needed for new clean
energies and fuels. Since 1984 he is the President of the
Institute for Basic Research, originally located in a
Victorian inside Harvard University and moved to Florida in
1990.
Santilli is the author of some 250 technical articles and 18
post Ph.D. level monographs in mathematics, physics,
cosmology, superconductivity, chemistry and biology published
the world over. He is the founding editor of three journals in
mathematics and physics and editor of several others. Santilli
is known in mathematics for the discovery of a series of new
numbers, now called "Santilli iso-, geno-, hyper- and
isodual-numbers" and other discoveries; he is known in physics
as the originator of "hadronic mechanics", the only known
consistent broadening of quantum mechanics predicting new
clean energies; and he is known in chemistry as the originator
of "hadronic chemistry", a broadening of quantum chemistry
developed for the study of new clean fuels.
Santilli is among the most illustrious applied mathematicians
of all times; he received two gold medals for scientific
merits; and the listing as "Santilli Hall" of a class room at
an Australian research center. Since the 80s, he has been
recommended by scholars around the world to the nominations
for the Nobel Prize in physics as well as in chemistry. A
scientific meeting was organized in June 2005 at the
University of Karlstad, Sweden, to honor Santilli's 70-th
birthday with participation of scientists from 50 countries.
Richard Connelly - President
Proven experience in the management, distribution, sales and
marketing of specialty gases including welding gas,
medical/specialty gases and industrial products. Additional
expertise in the heavy metal working industrial sector and
related engineering and process management.
Primary corporate experience includes the position of
President and CEO of Connelly and Becker, Inc an industrial,
welding and specialty gas distribution company from 2001-2007.
Experience also includes National Sales Manager for ABICOR
Binzel Corporation from 1987-2001 where responsibility
included the management of profit centers in 16 regions in 50
states with a $16.5 million budget and $19 million in sales
revenue. Responsibilities included managing Regional Sales
Managers, Customer Service Staff and the Engineering
Department. Directed the CBI network for the Distribution of
Specialty Welding Process and Products managing up to 25
Independent Sales Reps. Mr. Connelly received numerous awards
including Man of the Year for exceeding a 25% sales increase
in 5 consecutive years and is a lifetime AWS Member
Education and trailing: Bachelors of Business Management,
February, 1993 Bridgeport University Associates, Welding
Engineer Various Technical Schools and Courses AWS Certified
Welding Instructor
Military: United States Marines, Rank Sergeant-Field
Communications Honorable Discharge, Vietnam Era Veteran
Decorated MARINE CORPS Combat Awarded Citation.
Luisa Ingargiola - Chief Financial Officer,
Director, Secretary
Luisa Ingargiola graduated in 1989 from Boston University with
a Bachelor Degree in Business Administration and a
concentration in Finance. In 1996 she received her Master's
Degree from the University of South Florida. In 1990 she
joined Boston Capital Partners as an Investment Advisor in
their Limited Partnership Division. In this capacity, she
worked with investors and partners to report investment
results, file tax forms and recommend investments.
In 1992 she joined MetLife Insurance Company as a Budget and
Expense Manager. In this capacity she managed a $30 million
dollar annual budget. Her responsibilities included budget
implementation, expense and variance analysis and financial
reporting.
Carla Santilli - Director
Carla Santilli holds a Master Degree in Human Services
Administration from the School of Social Work of Boston
University. She held positions of Clinical Social Worker and
Community Programs Coordinator for the State of Massachusetts.
Since the late 1980’s Mrs. Santilli has been employed as
President and Chief Executive Officer of Hadronic Press, Inc,
a physics and mathematics academic publishing company. In this
capacity, Mrs. Santilli directed the growth of this company
from start-up to become one of the world’s leading physics and
mathematics publishing companies. Books and journals published
by Hadronic Press can be found in all of the leading
University libraries across the world. Mrs. Santilli has been
involved in the private sector as grant administrator and
public relations specialist in the fields of academic
publishing and environmental sciences.
Contact
Corporate Contact:
MagneGas Corporation
U.S. 19 North #311
Palm Harbor, Florida 34684
Richard Connelly - President
tel. +704 534 2042
email:
RichMagneGas@Gmail.com
FORWARD LOOKING STATEMENTS
This report includes forward-looking
statements that reflect MagneGas Corp. current
expectations about its future results, performance,
prospects and opportunities.
MagneGas Corp. has
tried to identify these forward-looking statements by using
words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to
a number of risks, uncertainties and other factors that
could cause MagneGas Corp.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these
forward-looking statements. These risks, uncertainties and
other factors include, without limitation, the Company's
growth expectations and ongoing funding requirements, and
specifically, the Company's growth prospects with scalable
customers, and those outlined above. Other risks include the
Company's limited operating history, the Company's history
of operating losses, consumers' acceptance, the Company's
use of licensed technologies, risk of increased competition,
the potential need for additional financing, the terms and
conditions of any financing that is consummated, the limited
trading market for the Company's securities, the possible
volatility of the Company's stock price, the concentration
of ownership, and the potential fluctuation in the Company's
operating results.
Disclaimer
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do your own research before investing. It is crucial that
you at least look at current SEC filings and read the latest
press releases. Information contained in this report was
extracted from current documents filed with the SEC, the
company web site and other publicly available sources deemed
reliable. For more information see our disclaimer section, a
link of which can be found on our web site. This document
contains forward-looking statements, particularly as related
to the business plans of the Company, within the meaning of
Section 27A of the Securities Act of 1933 and Sections 21E
of the Securities Exchange Act of 1934, and are subject to
the safe harbor created by these sections. Actual results
may differ materially from the Company's expectations and
estimates. This is an advertisement for
MagneGas Corp. The purpose of this advertisement, like any
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seven thousand five hundred dollars in August 2010, seven thousand five hundred dollars in September
2010 and another five thousand dollars in May 2011 by the Company for its efforts in presenting the
MNGA profile
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