Thursday, September 18, 2014 8:41:01 PM
Please don't blame MMs. They couldn't care less about these dime-a-dozen penny stock scam stocks. They don't take positions in garbage like THCZ, they don't "short" them, they don't do ANYTHING other than execute customer orders through an automated system. They collect a few fractions of a penny and assume ZERO risk.
Nobody lost a lot of money - other than the people who bought into the artificial hype and bought upwards of .05 cents.
You're witnessing a run-of-the-mill Penny Stock Scam in action. Nothing but lies and fraud from the company. They hire "Awareness" outfits to repeat inane and false garbage about the company's prospects. They trade amongst themselves, trying to drive the price higher. When a real buyer shows up, suckered in by the lies, they dump as much as they can on him.
That's what you saw today, and that's what you've seen the past few months.
Jordan Belfort in "Wolf of Wall Street": "Rich people don't buy penny stocks. They're too smart."
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