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Posts from the ‘Business’ Category

Bitcoin – what is it?

What is Bitcoin?  In simple terms, Bitcoin is digital money.  Bitcoin can be purchased.  Bitcoin can be used to buy things just like real money IF the selling merchant will accept Bitcoin as payment.  Some merchants do accept Bitcoin but they are very few.

Should you worry about Bitcoin?  Probably not.
There are no governments supporting or endorsing Bitcoin.  At the moment, Read more

Buying a new car in Gig Harbor

Thinking of buying a new car in Gig Harbor?
New car dealerships “Courtesy Ford” and  “Olson Brothers Chevrolet” closed up shop in 2007 in advance of a planned shopping center.  The planned shopping center deal fell through and the car dealership lots are now occupied by the Fife RV Center location in Gig Harbor.

Today, factory new car dealers do not exist in Gig Harbor.
But  wherever one buys a car, the following perspectives may help  one’s purchasing decision:

Top Five –  Safety ratings for new  small cars
(from the Insurance Institute for Highway Safety)

  1. Honda Civic 2-door
  2. Honda Civic 4-door
  3. Dodge Dart
  4. Ford Focus 4-door
  5. Hundai Elantra

Top Five – Best selling vehicles

  1. Ford F-series (pickup trucks)
  2. Chevrolet Silverado (pickup trucks)
  3. Toyota Camry
  4. Honda Civic
  5. Honda Accord

Top Five – Most embarrassing cars*

  1. Smart ForTwo
  2. Nissan Cube
  3. Hummer H2
  4. Chevrolet SSR
  5. Volkswagen New Beetle

* most embarrassing cars listed on http://www.carinsurance.com/Articles/most-embarrassing-cars.aspx

And perhaps the worst choice for a male driver comes from the Wall Street Journal’s “Market Watch” blog site “The Tell”: BMW drivers really are jerks, studies find

 

 

 

 

The 10-K stock report for GOOO – beware of not reading it!

Penny stocks are are common shares of small public companies that trade at low prices per share.  The GigHarborTimes.com selected a penny stock at random named Golden Opportunities Corporation with a  – stock symbol:  GOOO to review its Form 10-K report filed with the Securities Exchange Commission.

The GigHarborTimes.com isn’t sure what GOOO exactly does, but it’s balance sheet of January 31, 2013 shows a balance of $ 1,659,931 dollars of “additional paid in capital”.

Whatever GOOO does, we speculate that it does it efficiently since its president plans to devote only 20 hours per month to the business.

The GigHarborTimes.com has excerpted part of their company 10-K form to illustrate why an investor should read at least part of a 10-K form before “investing” in a penny stock.
The excerpt is as follows:

Description of Business

General

Background
The world-wide impact of the economic recession of 2009 and continuing through the current fiscal year has delayed the execution of our business plan. However, as the world-wide economy improves, we continue to seek out the best potential opportunity for the shareholders.

The growth of the economies in Asia has provided enormous opportunities to many professional companies in the region. In order to gain access to the opportunities across the emerging economies, Golden Opportunities Corporation (the “Company”), has developed the following business plan (the “Plan”).

We intend to use the experience of our sole executive to will implement our plan as a business partner with a active companies in the marketing or financial public relations market, i.e. assisting our clients in their IPO and other types of fund raising activities, or any other sales or marketing of products or services in Asia or any other company actively engaged in the professional services market or in the sales and /or manufacture and distribution of services or products in Asia.

We are in the process of evaluating several potential temporary-to-permanent office locations convenient to the Hong Kong business center. No lease agreements have been negotiated at this point.

Employees

We have no full time employees. Our president has agreed to allocate a portion of his time to the activities of the Company, without compensation outside of Company stock. The president anticipates that our business plan can be implemented by his devoting approximately 20 hours per month to the business affairs of the Company and, consequently, conflicts of interest may arise with respect to the limited time commitment by such officer. From time to time, Mr. Zahorik engages the services of professionals to perform limited tasks on behalf of the Company.

The GigHarborTimes has questions as to how a business could produce a profit for investors based on the information provided to the SEC.  We could speculate that the work or service performed is accomplished by texting, phone calls and emails.  However, we feel that is giving an overly optimistic view to the business model described in the 10-K form.

The GigHarborTimes wishes to know what reader opinions are?