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Re: ggirl post# 17984

Wednesday, 08/30/2017 8:00:42 PM

Wednesday, August 30, 2017 8:00:42 PM

Post# of 21718
Whomever you bought the stock from made the money. This value is only what people pay. The company took there money a while ago (for the most part). This is the danger of the penny stock (or any stock really). The run up in price is really imaginary, not based on the actual value of the company. A company is only worth what is assets and some potential for business based on a reasonable multiple are. So when this SEC suspension happens, everyone discovers it was only monopoly money. There are no assets to back up the price of the stock if everything was sold off.
I hope you did not lose too much.