SPOOZ Inc (SPZI): By some estimates fully 90-95%of penny s...

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Re: cableguy post# 79505

Tuesday, 04/02/2024 10:48:30 PM

Tuesday, April 02, 2024 10:48:30 PM

By some estimates fully 90-95%of penny stocks are, at best, run by unethical scoundrels who operate in bad faith to outright criminal frauds. These tickers have insanely low thresholds of oversight and compliance which naturally attracts hoards of fraudsters.

Recent attempts to reign abuses went into effect on September 28, 2021 resulting in many non-reporting/ non-compliant tickers being thrown into the new, "expert market" dumpster. Gone are the days scammers could still operate with an OTC "STOP" sign flashing. This new regulation got rid of a lot of garbage but more remains to be thrown out.

https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/

https://www.investopedia.com/terms/g/greaterfooltheory.asp

CNBC
https://www.cnbc.com/2023/08/21/penny-stocks-scam-millions-heres-why-theyre-so-dangerous.html

Bearish

I RESERVE THE RIGHT TO THE SAME "SAFE HARBOR" PROTECTIONS THE COMPANIES I COMMENT ON HIDE BEHIND. Investment advice: DON'T BUY PENNY STOCKS without conducting extreme Due Diligence on management past and present.