Monday, August 15, 2022 11:51:19 PM
Full stop.
It really is just that simple. The folks who get stuck with these pennyturds are unseasoned, novice wannabe investors. Often retirees.
I have absolutely zero empathy for them. There are more than plenny of warnings that they ignore when they click on the BUY tab of a brokerage webpage and buy a pennyturd. And nobuddy who has bought a pennyturd retail and has lost value in it has any reason or excuse for buying a private placement of a pennystock. NONE. Particularly if it is the same pennyturd that they have already lost a bundle on via retail trading. This is like a person who has been cutt from the high school JUNIOR varsity football team for poor performance deciding to put themselves in for the NFL draft. It will always end badly for them.
Butt such careless victims are the reason that a grifter like CMW has been able to make a four DECADE career swindling investors - even using the exact same ploy over and over. CMW even warns people by naming many of his swindling vehicles MIRAGE, GAMBIT, and 4WARD.
Pennyscams like MRGE are nott a suitable investment for anyone other than PowerUp (recidivist Curt Kramer) and other established pennyscam financiers and insiders.
Anyone who blew more than a cuppla hunnert US Bucks on this scam is simply nott to be trusted with handling money in excess of that level for any purpose. IMO such persons should have a court-appointed conservator to control their money, investments, and spending. At the VERY least, they should admit that they lack the knowledge, skills, and judgement to trade individual stocks. They should stick to index ETFs and mutual funds, and, for some of the more impulsive ones, they ought to stick to short-term bond funds, money markets , and yes the lowly savings account and buy the max ($10K/person/year) in Treasury Series I savings bonds.
Or the other option is to work until you die and forget about trying to invest. Spend what you earn post-tax and work until you die. Just don’t WASTE any of the hard-earned money on pennystocks!!! EVER!!!
Friends don’t lett friends buy pennystocks. Pennyturds are what one can recommend to people they don’t like. Sumbuddy cutt you off in traffic? Wave them down and give them a few hot pennystocks o buy on some hot, bullshit insider BS rumors. Vehicle keeps getting broken into? - leave some fake brokerage account statements in the front seat and also by the in-dash stereo showing how much money you imaginarily made in some atrocious pennystocks and hope the thief(ves) take the statement(s) and invest their own money in the pennyturds. Payback. Revenge.
Executive Summary: Smart people do nott buy, hold, or trade pennystocks.
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