People BE CAREFUL!!! There is a group or an individual, waking up dead stocks with low or no float, and hoping MOMO players will jump on board and keep the pyramid going.
This one, SFTW, IFQJ, SPZN, FFPM to name a few are DEAD STOCKS.
The companies associated with them are all either bankrupt, out of business, or have merged and gone private. There may not even have legally tradable shares.
In my opinion, these tickers should have been delisted a long time ago, but there are alot of OTCBB and Pinkie shells lying around.
I started following this story a couple of weeks ago, and something very fishy is going on. I was open to all possibilities, but after a number of phone calls and returne emails, I am left with only one conclusion:
THIS IS A SHAMELESS PUMP AND DUMP OPERATION
Many people will be left holding the bag with these turds, and people are going to be hurt.
If you still have these shares in one of these pigs, your best chance is to hope that the MMs are short shares from the runup, and will have to cover before 30 days. You may get out, but with a 70% haircut, depending where you bought in the run
NO REAL COMPANY SHARES APPRECIATE 1000-9000% IN ONE DAY!
I wish I had better news on this, but I don't.
(I used to be a reporter, so I started following these stories to see if there was something more interesting about all these "zombie" stocks coming to life...perhaps fallout from RegSho. Sadly, there is nothing very interesting here...just plain old P&D.)
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If you take anything I say as advice, you're crazier than I am.
