Friday, December 08, 2017 6:10:32 PM
STEP 1: They arrange to have some greedy high rollers purchase millions of shares at a subpenny price. 1 million shares at 1 cent each would cost $10K. 1 million shares at 1/2 cent would cost $5K.
STEP 2: They have some press releases and some clever marketing to hype up the price to say 50 times of what the stock sells for now.
Paying one of these unethical penny stock outfits to promote the stock by flooding inboxes with solicitations as to why the average Joe should purchase this stock is one way they could hype the price sky-high.
STEP 3: These greedy high rollers dump their millions of shares at a price many times higher than what they paid for them and they get filthy rich!
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM