Thursday, October 27, 2016 5:24:08 AM
The company can (and often does) receive an SEC subpoena or Wells notice 'out-of-the-blue' - such as happened to MGT (now MGTI) a couple of weeks ago - or getting delisted (as happened to MGT/MGTI last week when the NYSE kicked them off the exchange without warning) - these are just some of the many examples of the many negative developments that plague pennyscams - and SIML is one of the more likely targets for these 'pop-up' negative events for several reasons, including the involvement of CONvicted finanicial felon Scott Sand and his stooge, Donna Murtaugh, who was involved in one of his prior scams (Ingen) for which he went to prison for. The SEC is well aware of Sand and SIML - they have been further MADE AWARE of this as well. So the chances for an adverse 'pop-up' negative (severely negative) event is higher in SIML than in your run-of-the-mill pennyscam where the frontmen are 'clean' as far as backgrounds and the financiers and control people are hidden behind the curtain.
So, it's a very dangerous fool's game to play 'the Greater Fool game' with pennyscams like SIML. It's much like gambling in Vegas except with much worse odds; you may win some hands/rolls, butt in the long run the house advantage (your negative expectancy) will bust you. Unless you are a true insider (in the innermost of insider circles and with control over the company, directly or through finance agreements), you are the sucker at the table. You might win a few small pots, butt the shark insiders will take all your money before the night is over.
And often the cops (SEC/DOJ/FINRA) will break up the game and confiscate all the chips, wiping you ~OUTT.
It's just foolish strategy to play the Greater Fool game with pennystocks.
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
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM