They love it, love it, love it. They have to think we are a bunch of brain dead investors buying a stock that has run up over 68% in just a few weeks. They are taking our money and laughing in our faces. Then they will take the company private and really capitalize on our stupidity.
Re: Canada Love's to Take US Traders Mon by: yes4aapl Long-Term Sentiment: Strong Sell 01/13/04 09:41 pm Msg: 109475 of 109475
They are taking our money and laughing in our faces. Then they will take the company private and really capitalize on our stupidity. -----------------Rimm says in there
"RISKS RELATED TO THE OFFERING OUR SHARE PRICE MAY BE VOLATILE AND YOU COULD LOSE ALL OR PART OF YOUR INVESTMENT. "
or this Canadian corporation! They say American investors can kiss their ass.
"YOUR ABILITY TO ENFORCE CIVIL LIABILITIES UNDER THE UNITED STATES FEDERAL SECURITIES LAWS MAY BE ADVERSELY AFFECTED BECAUSE WE ARE INCORPORATED IN ONTARIO, MOST OF OUR OFFICERS AND DIRECTORS AND SOME OF THE EXPERTS NAMED IN THIS PROSPECTUS ARE CANADIAN RESIDENTS, AND SUBSTANTIALLY ALL OF OUR ASSETS AND THE ASSETS OF THOSE OFFICERS, DIRECTORS AND EXPERTS ARE LOCATED OUTSIDE OF THE UNITED STATES. " You can find it all there http: //www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0000909567-04-00000 9&nad= January 07, 2004 or this
FUTURE SALES OR ISSUANCES OF OUR COMMON SHARES COULD LOWER OUR SHARE PRICE AND DILUTE YOUR VOTING POWER AND MAY REDUCE OUR EARNINGS PER SHARE. We may sell additional common shares in subsequent offerings. We may also issue additional common shares to finance future acquisitions. We cannot predict the size of future issuances of our common shares or the effect, if any, that future issuances and sales of our common shares will have on the market price of our common shares. Sales or issuances of substantial amounts of common shares, or the perception that such sales could occur, may adversely affect prevailing market prices for our common shares. With any additional sale or issuance of common shares, you will suffer dilution to your voting power and may experience dilution in our earnings per share.
MANAGEMENT HAS BROAD DISCRETION OVER THE USE OF NET PROCEEDS FROM THIS OFFERING AND MAY NOT APPLY THE PROCEEDS EFFECTIVELY OR IN A WAY THAT WILL YIELD A FAVORABLE RETURN.
Our management has broad discretion over the use of net proceeds from this offering. We intend to use the net proceeds of this offering primarily for general corporate purposes, including research and development of new products and technologies, expansion of our manufacturing capacity, expansion of our global sales and marketing organization and activities, and for working capital. In addition, we may use a portion of the net proceeds to acquire or invest in one or more new technologies, products or businesses that expand, complement or are otherwise related to our current business and products or which provide additional distribution channels. You will not have the opportunity to evaluate the economic, financial or other information on which we base our decisions on how to use the net proceeds we receive from this offering. We cannot assure you that management will apply these funds effectively, nor can we assure you that the net proceeds from this offering will be invested to yield a favorable return.
IMO It is some kind of Canadian joke, I don't get it.