I have a friend who helped to develop an email service that allows messages to be altered after sent. It is a publicly held company, and I think it looks like it could potentially turn in to something. It is www.bigstring.com, any opinions?
2006-10-27 14:18:02 · 10 answers · asked by JoeS_8 1 in Business & Finance ➔ Investing
Honestly, yes. The stock is cheap enough to take a risk. Usually start-up companies are of very high risk, since we don't know what's going to happen to it, but at the same time, it can be very profitable. I checked the website. Probably competition is one of the biggest threats, but hey, a lot of things can happen; they might be bought out by some big cap company, who knows. It's only $0.34/share, it's a small risk. Why not take it? I might think about it myself. Over the counter? so what? Samsung's stock is over the counter too.
//edit: actually, nice. The only thing to worry about is the pending patent.
//edit: thanks for the tip. I'm going to do more research about it.
2006-10-27 15:16:18 · answer #1 · answered by c00kies 5 · 0⤊ 0⤋
The choice to invest or not is yours.
Do they have written prospectus yet? (A statement of their growth over the next 1 year - 5 years?)
What ever you do, don't put more than you can afford to lose into any one stock. Ever. Not even for a friend.
At .34 a share you might want to swing for a few hundred shares. This would be only about $100 or so. See if you can purchase options for additional shares at this price (or a set price) within 3 years. This will allow you to invest more later if the business is successful in exchange for your investing now at the same rate.
The company gets some money it needs now and you get some security as well.
2006-10-27 14:32:06 · answer #2 · answered by my_iq_135 5 · 0⤊ 0⤋
Start=ups are things of dreams. Wonderful stuff. Decide how much you can afford to lose and enjoy yourself. At this price, it won't show up on the NYSE or the other boards. It is strictly over the counter OTC which means you will have much less data to make decisions on. Remember your friendship started w/o this stock. Invest in the financials, protected and patented, not the friend.
2006-10-27 14:22:06 · answer #3 · answered by Anonymous · 2⤊ 0⤋
Only if you can afford to lose it all, which occurs with 90% of these stocks. Stick with stocks over $5 a share and $100 million in capitalization if you want to risk your money.
2006-10-27 18:33:57 · answer #4 · answered by Steve R 6 · 1⤊ 0⤋
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2016-10-03 01:05:13 · answer #5 · answered by geddings 4 · 0⤊ 0⤋
We have the same type of system at my job, so it looks like your friend business is competing against the big boys. It looks like also at $.34 the company does not impress anybody else.
2006-10-27 15:23:14 · answer #6 · answered by Grandpa Shark 7 · 0⤊ 0⤋
Message altering is not exactly Legal?? So best advice is that get full clarity from your friend regarding legal risks and business model with target customers...Cheap does not always mean that you will make money...
2006-10-27 18:05:54 · answer #7 · answered by Rahul 2 · 1⤊ 0⤋
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2006-10-27 15:13:42 · answer #8 · answered by PJ 1 · 0⤊ 1⤋
sure, go ahead and put money into it since your friend has the inside info on it. Just don't put money you can't afford to lose.
2006-10-27 16:35:50 · answer #9 · answered by m deal 3 · 1⤊ 0⤋
if you know you might lose then go for the win, you might win, if you do win, please credit me, please even if it just a little.
2006-10-27 14:26:03 · answer #10 · answered by naruto1_sasuke2_sakura3 2 · 0⤊ 0⤋