Santo Mining Corp (SANP)

[Serene13]

Good morning. I am really trying to understand how things work. I asked my dad to invest in this stock (which he did) but he said it was a pump and dump and very risky. I am not sure if he is right. What makes me think this might not be a p&d is that it actually showed proof of merging with to a legit company and it even says when it might go pink status. I know these types of stocks do not have a lot of rules and regulations. Are they allowed to put out directly false information though? Can they make a fake agreement and just sign it? I'm assuming that's illegal but I was told never to trust anything on penny stocks. Thanks in advance!