"we will call the t/a and verify daily" ...
znxt has 'hired' the same old paim t/a ,
who does not answer any phones, and is never home,
and does not respond to answering machine messages,
or emails. And if she did, who would believe her?
Except a few faithful, long-term, donors.
Who believe that massive dilution is good, because
they think it is 'normal' for a 'start-up company' ,
even after 5 years of cranking down the starters.
Also, To the gravy guy :
The SEC, or any other 'Regulator' , will never waste
any U.S. Taxpayer money, chasing foreign pinky scams.
Because, they have no 'jurisdiction' , and they don't care,
other than to warn, constantly, on their web-sites,
to Never Unvest Long In Any Pinky.
So, pinkys will remain alive + well, forever, which is
not bad news to those who can find the silver lining,
which is, almost all pinkys are great shorts,
especially after their frequent pumps, which are
almost always followed by fast dumps, to new all-time-lows.
It is really difficult for shorters to lose in pinkys.
Even if their 'timing' is not perfect, they just hold short
for a month, or 2, and the pinky makes a new all-time-low,
and the shorter covers, at an almost-guaranteed profit.
The hard part is finding an off-shore Broker, that 'allows'
shorting of pinkys. But, we know they are out there. And,
many in nice places, like the Caribbean. And, they have
no problem helping Hedge-Funds, and others, complete
short sales, which account for ~5% of all trades, every day.
Even if shorting pinkys "can't happen here" in the U.S. ,
we all know that it happens in many other nice places,
that may be worth visiting, on deductible business trips.
Averaging-down is profitable, for shorters, only.
