Home > Boards > US OTC > Delisted > Shamika 2 Gold, Inc. (fka SHMX)

Penny stocks bro. They're all scams.

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1manband   Wednesday, 02/24/16 11:31:25 AM
Re: RussTheBus post# 8231
Post # of 8239 
Quote:
Penny stocks bro. They're all scams.



No, they are not. But a very high percentage of them are either scams or insider enrichment schemes, and 100% of them are very risky. A quick review of the SEC filings should be able to identify the ones that are outright scams and enrichment schemes, but too many people ignore their most useful tool - the SEC filings.

If people had actually taken a couple of minutes to read SHMX's SEC filings, they would never have bought the stock and been stuck holding worthless wallpaper.

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