Not2wise. Yes correct. He is within the law--> to do what he’s doing.
Being immoral can be legal or illegal. If you’re immoral and kill someone you go to jail. If you immoral and tell people you may make millions in revenue just to dump shares is not illegal.
The thing people who invest in these schemes forget one thing. These OTC's go into the scheme with the intent to be immoral and make legal money doing so.
They don’t go into this to sell products or make things work or spend money on R&D to achieve their goals. The goal all along was to scheme, make money and eventually fold. The immoral part is a byproduct of the act they set out to do from the beginning.
If they know full well what they do is immoral, the $50,000,000 or more they made must make the guilt of being immoral non-existent. Lets face it, Jimmy’s paper products were doomed and he would have folded with no money but maybe with morals, but last time I checked, morals don’t pay the mortgage, car payments or groceries.
When a failed OTC has to make a decision to fold broke or merge with a scheme to make money, morals are no longer part of the equation. Its simply survival.
This will eventually slow down, no marketing and no market makers will post a bid or asked and if they do it will be a bid of $.00001 and an asked of $.10 as they all usually end up being.
The problem is that investors know this but still risk some money like a compulsive gambler and anyone by now knows full well that any PR that says it may not happen or likely won't has to know it won't.
When SGMD said they were going to file to go to NASDAQ, everyone had to have known then that they did not meet the requirements for up listing so is the problem SGMD being immoral or investors just being stupid?
Immoral is non-existent when these OTCs know full well that if they don’t get investors money, they will invest in a different OTC scheme. SO on that note, if people are willing to TOSS money in the trash the game is which OTC has the better scheme.
The only ones saying SGMD has no morals are the same people who should actually be saying HOW STUPID AM I.
This is the hard truth. Some will be mad but regardless, it is one of the facts to OTC investing. Believing that intent is a sure thing will always cause financial losses to investors.
Once this scheme is over, everyone will move to the next scheme and eventually another immoral CEO will be born yet again. The only way to stop them is to not invest but that's like asking a drunk to be a bartender and also investors know, if they do stop, they will have ZERO chance at one ticker actually hitting it big and they don't want to miss that lotto chance.
OTC schemes know investors can't help themselves and will continue to invest in intent schemes. If investors are giving free money away, OTC's will always be there to take if from them.
