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Conference 7.286::space

Title:Space Exploration
Notice:Shuttle launch schedules, see Note 6
Moderator:PRAGMA::GRIFFIN
Created:Mon Feb 17 1986
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:974
Total number of notes:18843

957.0. "General Astronautics" by THOLIN::TBAKER (The Spirit of Apathy) Wed Nov 08 1995 09:47

    I couldn't find a previous topic about this so...

    Has anyone heard of a company called "General Astronautics".
    
    They're out of Vancoover and want me to invest in their company.
    
    Does anyone know anything about them?

    Thanks,
    Tom Baker
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957.1Caveat EmptorREPAIR::RICKETTSA pedestrian on the information superhighwayThu Nov 16 1995 08:3724
      Don't know anything about this company, but I seem to remember
    hearing that the Vancouver (British Columbia) stock market is one of the
    riskiest in the world in which to invest. Limited controls make for high
    returns if an investment does pay off, but there are a lot of very risky
    investments there, as well as out-and-out scams. Wanna buy a goldmine?
    Vancouver's the place. Perhaps any Canadian Deccies could comment?
    
      In any case, a couple of good rules for successful investing on any stock
    market:
    
      If you don't understand the company's business, don't buy the shares.
      Investments can be (relatively) safe, with moderate yields, or they
    can be risky with high yields, *IF* the risk pays off. There is no such
    thing as a safe investment with guaranteed high returns (unless your
    defintions of 'safe' and 'high' are different from mine).
      If an offer looks too good to be true, it probably is.
      
    
      How did you hear about this - mailshot, cold calling? If so, don't
    touch it. If they are a sound and reputable company with reasonable
    prospects of giving a return on any investment, then they don't need to
    seek out investors that way. 
    
    Ken