12 November 2007

Reality Check: Raising the Red Flags on YTB International

Seeking Alpha:
"YTB International (YTBL.PK) (YourTravelBiz.com) has a Market Cap north of $450 million with no current financials. Any stock that rises straight up 900% in two months is always an object of interest.

Add to that a publicly traded company based on a multi-level marketing scheme [MLM]. These are always intriguing because of the potential for Ponzi-scheme type abuses.

Add to that a publicly traded company that hasn't reported its financials in over a year: one that trades on the pink sheets because of lack of adequate financial reporting."

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