GRN Holding Corp (GRNF)

[I-Glow]

Perfect warning from the SEC about scams like GRNF.

"Why You Should Avoid Penny Stocks Like the Plague

No less an authority than the Securities and Exchange Commission (SEC) has warned: "Investors in penny stock should be prepared for the possibility that they may lose their whole investment."

So a typical penny stock will have an ultra-low stock price and very often a low overall value as a company, too. Yet it will probably have come to your attention because someone is hawking it online or hyping it in a newsletter. These folks will likely be trying to drum up interest and buyers and will be getting your hopes up, suggesting (or even nearly guaranteeing) that the company is about to discover gold, strike oil, or cure cancer. They'll suggest that you can get in on the ground floor right now, and make huge profits, soon.

What I've just described is the "pumping" part of the age-old "pump-and-dump" scheme. Penny stocks, which can be easily manipulated due to their low share counts, are played up so that naïve investors snap up shares. All that buying activity drives up the price, making those investors happy -- briefly. But the hypesters bought their own shares earlier and have also benefited from the stock price surge -- and now they will sell their shares, "dumping" them and sending the shares crashing.

https://www.fool.com/retirement/2020/02/24/why-you-should-avoid-penny-stocks-like-the-plague.aspx

IG