Firemans Contractors, Inc. (FRCN): How can one not be duped by investing in...

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Spinehead

Re: waterchaser post# 31621

Monday, 08/31/2015 3:24:27 PM

Monday, August 31, 2015 3:24:27 PM

How can one not be duped by investing in FRCN with a share price of .0002? Let me break it down for you. Before the 3Mil trade today the average daily (10 day) volume currently is 1.1k At a share price of .0002 this equals...drum roll.... $0.22 So even if that news magically increased the average volume by 10x it would still be less than $10! If FRCN paid someone $500 to make a website knowing they could in the best scenario see a 10x increase in volume they would be looking at $2.20 a day.

This is why you cant "Dupe" someone with a .0002 share price.

In todays case someone traded $600 worth. Even at minimum wage this translates to only 1 paycheck. Chances are they will recover financially. And that is worst case scenario, someone who is poor investing in the OTC. Hopefully they learn an important lesson, dont invest in OTC till you can afford to lose, or, if you cant afford to lose, buy apple.