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Micro Penny Stocks, Penny Stocks $0.10 & Under
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KSWJ News out............
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[QUOTE]Originally posted by BuyTex: [QB] [QUOTE]Originally posted by Homersbud: Highly unlikely, Homer. In the first place, brokers take a dim view of pennyland. Also, any broker should know the SEC comments neither one way or another, beyond the release announcing the suspension. Probably? The final sentence sums up the whole post... You're right, most brokers could care less about pinkies. Anytime I mention a pinkie to a few co-workers (they trade healthy stocks) they just laugh at me and tell me that I'm nuts! Oh well, I enjoy it and the last sentence does pretty much sum it all up. Only time will tell...but I still do agree with the PR last week. Nobody could be this stupid to release a PR about their suspension and be a scam but then again, I have ran into a few morons in my time... glta [/qb][/QUOTE]Homer writes, I excerpt: [QUOTE]Nobody could be this stupid to release a PR about their suspension and be a scam . . .[/QUOTE]lol, you really should read the GVRP thread. Not only is it a great example of how good folk can quickly assemble group DD, it is also an object lesson in scammy companies attempting to employ PRs to their benefit and the SEC's ponderous response. At one point? The company issued a PR to the effect: "DO NOT TRADE THIS STOCK." The next day? Billions of shares traded, the result being that traders with Ameritrade were paid in approximately this ratio: $100 bucks ---> $15,000. LOL, later, when the SEC *finally* suspended it? The company first issued a PR that said something like this: "We'd like to thank to SEC for helping our company sort this out." ya--shhhuuuuure. They retracted that PR--under SEC pressure, one presumes--and issued another that was much less slanted toward the notion that the SEC was smiling on their stoopid scam-attempt. Bottom line? SEC protects broker/dealers and "the system" but not scammy pinks nor the individual investors involved, regardless of their "pledge" to protect individual investors. Think about it...with the giant funds they have to asssure for the economy to function, isn't it much easier to simply stop a scammy pink, period? Cost/Benefit, etc... [/QB][/QUOTE]
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