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Hey Scarpa, Due diligence is only carried out when one buys a...

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Skorzeny

372 Posts.

02/09/16

23:29

Post #: 18902604
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Originally posted by Scarpa ↑

To be fair to you, not sure why people here beleive this Ann is 'fantastic' outside the $1 million. The other company is a start up which is difficult to know what it does and its parent entity is relatively secretive. The fact we had a long trading halt suggests too me, and suggests is the key term here, that due dilligence has been carried out and that the $1 million is available (because the benefits of the Ann outside this $1 million are quite long term when partnering with another upstart). We certainly don't want a Padbury Mining fiasco type scenario here, so what you are left with is that due dilligence has been carried out appropriately here and the only saving grace right now, in the abscence of information, on this deal is head entity is a US based entity as per earlier post. Anyway, Divan and K2u are the main short term revenue focus here and hope that the $1 million is there. The risks you face when investing in penny stocks but as I said the long trading halt I wonder was because of the due dilligence process. Time will tell.

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Hey Scarpa,
Due diligence is only carried out when one buys a company, not when one tries to sell something to a company.
Skorz

TV2 Price at posting: 2.1¢ Sentiment: None Disclosure: Held
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0 Great analysis

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