I think so but vastly more meaningful is that Philip Frost seems [or seemed to] think so.
I know of only one other man ever who made himself a billionaire speculating in penny stocks and Brad did it the easy way.
Instead of selecting optical cable stocks to buy, Brad bought a chunk of all of them. All of the stocks were in deep trouble and I presume most did go bankrupt. I was working in the field at the time and was prohibited from buying because of conflict of interest rules.
I would probably add more to my pitifully small stake were I able currently but first I would call the contact provided. Frost, for one, may have come and gone. He is one of about 4 or 5 big spenders that bought just below the 10% mark that allows them to avoid reporting to the SEC.
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