Monday, April 24, 2023 6:11:03 PM
That is the way these scummy pennyscams do this. This is known as the Grapevine Telegraph and sometimes the minions are compensated, butt often the company can utilize overzealoue and/or desperate existing shareholders who will do it with~OUTT compensation because it makes them feel special to have "insider information" and to be "the source" disseminating the cool kids info to the selected masses. Basically the ego makes it possible to use these minions with~OUTT having to compensate them. It is kinda like the celebrity hangers-on who strive to make it seems like they are close friends of the celebrity and thus in the cool kids crowd.
Pennyscams like AMFE/FUNN/FUNNQ use this Grapevine Telegraph system rather than publishing the information publicly, like on a quarterly CONference call, a monthly newsletter, a PR, or at the annual shareholder meetings..
This selective communication using cut~OUTTs to distribute the info (whether true or false) has an added benefit that as the information slowly and selectively leaks to a slowly increasing number of individuals in the "downlines" of the Grapevine Telegraph. Each recipient of the info thinks they are privy to material non-public information and thus they may be incentivized to purchase or hold the stock and/or to recruit others to buy the stock.
This communication strategy is covered in Chapter 5 of The Pennyscammers Playbook (2nd Ed.), of which we know ROgerinocchio has a dog-eared dusty copy which he inherited from hus pennyscamming daddy, FRANK MORTMER.
It is just how pennyscam are run.
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM
Avant Technologies to Revolutionize Data Center Management with Proprietary AI Software Platform • AVAI • May 16, 2024 8:00 AM