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Saturday, February 08, 2020 9:34:52 AM
Actually, none of those "big name" companies were penny stocks. 
And yes, there are certainly examples of NYSE,AMEX and NASDAQ stocks that were frauds. Most however are legit - maybe unsuccessful, but not scams.
OTC stocks that take toxic debt are scams. The never succeed as you've seen. Sure if you're lucky you might ride a pump and dump, but remember, the toxic note holders are making money whether the stock goes up or down, as long as it trades. That money has to come from somewhere and it's retail traders.
And yes, there are certainly examples of NYSE,AMEX and NASDAQ stocks that were frauds. Most however are legit - maybe unsuccessful, but not scams.
OTC stocks that take toxic debt are scams. The never succeed as you've seen. Sure if you're lucky you might ride a pump and dump, but remember, the toxic note holders are making money whether the stock goes up or down, as long as it trades. That money has to come from somewhere and it's retail traders.
"There's a sucker born every minute, 2 to take him and 4 to lend him toxic debt" PT Barnum's investment advisor.
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