Praxsyn Corp (PXYN)

[Chi_XX_Town]

Wass, most of the current heads are the same heads who have been here for years. The CEO is (relatively) new, but I don't think anyone has any reason to think he is "just the guy to turn this company around". I doubt any current (retail) shareholder had ever heard of the guy before he became CEO, and he seems to have plenty of searchable sketchiness in his past. As far as anyone on this board knows, all he has done in nine months is publish two "letters to shareholders" promising to release updated financials "within a few weeks". That clearly hasn't happened, so effectively all anyone on this board knows about him is that he is a documented liar.

I think there is practically zero chance that this ever becomes a viable, "real" company. Having said that, the share price recently spiked to .02, more than 10X over its all-time low. And it's stayed above a penny for long enough that people on this board may actually have made money, at least on their more recent trades. Volatility = opportunity for profit, regardless of the underlying merits of the company. So you may make money playing craps, and I hope you do. At least you acknowledge that is what you are doing!