Wednesday, August 30, 2017 6:33:52 AM
Many new to OTC pink stocks can become victims if DD is not kept up to date and accurate with these companies!
The sec just released a warning 2 days ago about potential microcap stock scams and what to look for!
It is a very good read and all should check it out.
Quote:
Look out for these warning signs of possible microcap fraud:
Increase in stock price or trading volume happening at the same time as the promotional activity;
Press releases or promotional activity announcing events that ultimately do not happen (e.g., multiple announcements of preliminary deals or agreements; announcements of deals with unnamed partners; announcements using hyperbolic language);
Company has no real business operations (few assets, or minimal gross revenues)
Company issues a lot of shares without a corresponding increase in the company’s assets
Frequent changes in company name, management, or type of business.
Sunshine and Allighators
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