Wednesday, July 07, 2010 8:55:10 PM
Because they can. Is it ethical? Nope. But ethics has no place here...this is the Wild West of the electronic frontier...the SEC is like one sheriff to patrol hundreds of territories; where card cheating, cheap saloon whores, claim jumping, land swindles and everything else associated with a lawless community still flourishes in a modern, digital setting.
Just as in that time after the civil war, people in here who trade pennies and pinks, are fully aware of the risk they are taking. The rules, or rather lack of rules, may be the same for the two environments, but that has never stopped people from chasing that dream. Some learn that it's a tough environment, and learn how to play the game. Others still insist the rules should be played in a more civilized/structured/legal manor...but as of today, there are not that many civilized rules that these stocks operate under compared to their noble blooded cousins up on the exchanges, so you really can't expect people to trade them, or the companies to operate, as if they are abiding by the laws their upper class brethren are held to.
So, whether somebody wants to play the small town preacher and point out the sins of the establishment, or somebody wants to play the traveling snake oil salesmen and hype the next great elixir, it's still boils down to the fact that everybody who trades these type of stocks...has made a personal decision to do so...and it is THEIR responsibility to learn the rules of playing in an unregulated environment. It's an environment were everybody is out for only themselves, from management of the company to the traders of the company stock, to the MM's playing the two against each other. Those that survive in this game learn this. If they also learn from a post by you or me, that is a bonus, but learning in life is normally acquired through personal experience and an accumulation of mistakes. Telling somebody the stove is hot isn't as good of a teacher as burning your hand on the actual flame.
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM