The worst part is:
You all know this already and have been through this dozens of times, What made anyone think this is any different?
It is the syndrome, I better get in on THIS ONE and make back all my past losses.
Here is how it works:
1) NEW HOT TIP! Better get in before it explodes! Company sells $20,000,000 at $.18-$.05
(If the TIP is so HOT whey are the tipsters telling you about it? why are THEY not just grabbing all the shares?)
2) Stock tanks and everyone BUYS MORE to cost average thinking they will still make $$$ when the fact is they are just giving more money to the company
Company sells another $20,000,000 at sub penny.
3) The stock drops knocking 98%+ of the share value and people are told QUICK take out the asked! Slap the asked! As if that does any good as the asked once taken out is replaced with more sucker play asked shares.
4) The company goes silent as they dilute billion at sub penny and STILL raise $20,000,000 or more.
5) People have no place to go. Complaints will not be acted on. No enforcement actions taking place against the company or CEO. The only outlet other then seeing your SHRINK is here on IHUB, the easiest and cheapest way to have an intervention about a suckers play.
6) A NEW HOT TIP stock that also will explode is pumped to get you all to move to a NEW ticker and you will make the CONTINUED losses back on that NET HOT PLAY.
7) Once that is done go back to # 1) and the cycle starts all over.
This is NOT the CEOs fault, it is not the SEC’s fault, it is not illegal in any way.
You losing money is not a crime and because they issued the safety intent disclosures, SGMD did nothing to warrant an investigation or enforcement action.
And even if SGMD was found guilty of what ever it is you think they did, the money is GONE, the CEO is gone and there is nothing left to recover.
OTC pumps and dumps,
Where logic and reality is replaced with denial and ignorance.
