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Tuesday, 06/06/2023 2:33:44 PM

Tuesday, June 06, 2023 2:33:44 PM

Post# of 46160
In a pump and dump scheme, such as the one practiced by Industrial Nanotech, fraudsters typically spread false or misleading information to create a buying frenzy that will “pump” up the price of a stock and then “dump” shares of the stock by selling their own shares at the inflated price.
False or misleading information about a company’s stock price may be spread through sources including social media, investment research websites, investment newsletters, online advertisements, email, Internet chat rooms, direct mail, newspapers, magazines, and radio. Microcap companies are particularly vulnerable to pump and dump schemes because there is often limited publicly-available information about microcap companies. In the case of Industrial Nanotech, there is a massive amount of unverifiable and hilarious claims about imaginary products, orders and even "free office space" provided by government entities.
Use your common sense. Would anyone be foolish enough to place a large order for imaginary products from a company with no physical location on the Planet Earth and a beyond dismal record of scams?
https://www.investor.gov/introduction-investing/investing-basics/glossary/pump-and-dump-schemes#:~:text=In%20a%20pump%20and%20dump,shares%20at%20the%20inflated%20price.