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Re: None

Thursday, 07/01/2010 5:35:43 AM

Thursday, July 01, 2010 5:35:43 AM

Post# of 38161
I have been LONG here forever-and-a-day, but does anyone else notice "Signs of a Scam?" I have listed them below with some fitting PMDP - you decide....
1. Lack of communication from the company.
2. No verified/legitimate physical place of business.
3. Incomplete/unprofessional looking website with very old updates, or used for direct shareholder communication.
4. Brand new flashy website and corresponding PR, both providing only bits of vague information.
5. Company officers/employees involved in other penny stocks. (hint: use google)
6. Over-optimistic, hype filled, "too good to be true" statements from the company.
7. Press Releases (PR's) with vague, inconclusive language, insubstantial details, and/or no hard numbers.
8. Multiple PR's in a day, week, or other short period of time falling into the category above.
9. Business models or products that just don't seem "right". (hint: ask yourself, "Would I buy this?")
10. No follow-through on promises by management, eg. financials, share structure updates, uplistings, etc.
11. A company that seems focused on the stock price and not the business.
12. A pinksheet holding company with no actual owned holdings.
13. A company that changes its business entirely, eg. going from petrified wood salvage to lottery machines.
14. A company that pops up quickly into a newly hot business sector, often world news related.
15. Employees immediately dumping stock received through a compensation program.
16. A history of company name changes, symbol changes, and reverse splits.
13. Incessant Dilution