Vino ! Incorrect . If a person steals a baseball that cost 5 dollars compared to an automobile for 30,000 dollars, it is still a crime and illegal and not right.
Your argument stating that people who own penny stocks should "expect to lose money" is wrong.
The rules and regulations for small companies are still valid. The people that invest in small companies are still people.
When a company incorporates and people come together to invest an ownership position in thus entity , they apply to an exchange for regulation, fairness and transparency. Just because the companies equity trades at a lower price does not mean it is any less subject to the rules and regulations of the exchange in which it is quoted on. It also does not mean that the fiduciary responsibility of the CEO and the Chairman of the board and directors are exempt from the law or their purported roles.
Stock market exchanges are meant for regulating and creating fairness and transparency for the people that own shares in the companies trading on them.
Exchanges are not gambling enterprises or lottery tickets. If you go to vegas "in your example" maybe you can expect to lose, although many expect to win. But when you invest in a publicly traded company, you should expect that the information presented to you is correct and factual.
The many shareholders and people affiliated with this stock are finding a tremendous amount of "discrepancies" "half truths" "incomplete statements " and numbers that don't add up. The further one goes back, the further one sees it has always been this way. Find one press release in the last 20 years that happened. Check the header above for all news headlines.
Where is the oversight?
