Excellent post, Nicki! "How do these guys get away with it?"
My Question is... How do they sleep at night?
Both of my accounts required more signatures to trade OTC-BBs than NYSEs!
Anyone with access to the OTC-BB, was WARNED!
That doesn't mean I like it!
The only penny I was ever involved with was...
The infamous HitsGalore.com HITT/DHTT!
I started 'playing' @ $8.00 after the news that Dorian Reed(CEO) was a 64 count, convicted, SEC felon. HITT had been @ $22.00 just the day before. I traded back and forth all the way down to $2.00. All in about four days.
It was GREAT! And bad all at the same time.
It was at that time that I started posting on RB and the HITT board was one hell of a place to cut ones message board teeth!
The "Bashers" lead by the equally infamous Janice Shell and the "Believers" lead by a group of whakos who just didn't want to believe that their darling HitsGalore.com(porn-free search engine) was not the investment they thought it was!?!?
My gawd... Some were holding shares @ $22.00 that they paid pennies for. Millionaires they were! They just couldn't let go.
Eventually HITT/DHTT traded back down to $0.0002 and was delisted.
Dorian REED? No crime this time.
Like I said... They were warned!
That's why I stay away from pennies.
Too many victims!
False order info? Misleading, perhaps. I don't care for the way aL does things. I'm not gonna call him a criminal. I'd just hate to think he's as stoopid as he looks while tryin to pass the sXgen off as a UMPC at CES!
AI
