ODP Corporation (ODP)

[PennyWorld]

Trading in penny stocks is gambling. I say that because the SEC 'does not rule' here. Many of these CEO's get away with murder. Many are shell companies that spit out and sell shares to the public as well as pay themselves big salaries... when there is no product. They are selling a dream. So for me the difficult part is to determine whether the CEO is for real, or just another scammer. Currently I'm trying to figure out VLDI which I own shares in. Another Holy Grail Cyber solution. No sales yet.

It's all legal. Just invent a sexy product. Set up a web site. Get on the OTC. Then send out a lot of nice and rosy PRs. It's a racket and the SEC does nothing to clean it up.

I just came off a penny stock last year whereby the CEO of CTKH found a legal way to strip off the assets of the public company (and he produced a product for a profit) and then go private leaving the SH with nothing but a shell. He also did an R/S which wiped the SH out. The shell sold twice and renamed twice. And today the final shell is a joke. CEO's buy shells because they have been laundered... meaning clean balance sheets, listed on the OTC with no defaults, etc. So it goes in pennyworld.