Thursday, March 09, 2023 12:09:49 PM
Two things to remember about penny stock pump and dumps.
First, contrary to what the ignorant "experts" on the internet claim, the purpose of a pump and dump is NOT to raise the price of the stock. Instead, it is to create VOLUME that the dumpers can sell into. Remember that the people dumping COWI shares into the pump either got their shares for almost nothing or even free (insiders) or are the toxic death spiral note holders that get shares at a guaranteed massive discount to the current trading price (45-75% off the lowest trading price in the last month, for example, which means they actually make MORE money if the stock price is low rather than high). They only care about having enough new buyers to sell their stock to. The stock price doesn't matter.
Second, this is the FOURTH pump and dump on COWI shares that Lloyd has run. Each successive pump is less successful than the prior one, as they begin to run out of foolish and ignorant "investors" who don't read disclosure and financial statements and are willing to buy this worthless POS. Plus, all the bagholders who bought in to the prior pump and dump at higher prices are also looking to dump their stock, which creates selling competition for the insiders and toxic noteholders, so the stock price naturally stays below the prices reached in the prior pump.
So although the volume on this stock isn't great, it is still enough to allow Lloyd and his cronies to make bank and transfer money from the ignorant buyers into their own pockets.
Recent COWI News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 10:20:26 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/01/2023 09:20:45 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 09:47:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/27/2023 12:30:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/22/2023 07:13:47 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 08:00:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 12:35:32 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 07/17/2023 02:06:52 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 06/28/2023 06:46:02 PM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM