This scam seems relatively easy to figure out.
Incorporate a company.. authorize shares in the millions. A shell is thus made from thin air, and a few bucks to a SOS especially in Fl or Nevada. Get a trading symbol.
Do a catchy concept, hire a talented promotor. Sell shares, and do just enough "product" to look semi-legit. Selling shares is the main business, always, though...and the only real business of the company.
Stay on the pinks, where lies and liars are not unusual. In fact, so numerous that the regulators cannot cope with or hope to stop you. WHERE YOU CAN LIE WITH IMPUNITY..And Never have to make any stupid quarterly or annual reports, and disclose share structure or financials..
Recruit some "True Believers" to help bash bashers and wax estatic about the great potential of the stock, and how they are all going to be rich, if they only buy and hold.. and hold,,and hold. Put them recruited True Belivers busy on the stock boards.
Eventually run the shares down to almost nothing..then declare a large reverse split. Change the symbol and "business", hire a new promoter.. Repeat..then Repeat.. then Repeat..
IMPORTANT...DO NOT FORGET TO LIE!!!! BUT TRY TO AVOID UNNESSARY LIES!!! It is the unnessary lies that get you into trouble. Keep your eye on the ball.. keep strongly in mind that the objective is to SELL SHARES!!
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