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Metallichik

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Metallichik

Re: None

Friday, 03/11/2011 7:28:14 PM

Friday, March 11, 2011 7:28:14 PM

Post# of 55
Caught in a scam? What do you do? We all know that trading pennies is a gamble, when a stock dives we take it on the chin and move on. But some companies blatantly scam new strings of newbies with misleading PR's, fake buyouts, insider trading, cooked books and more. The best thing to do is lots of DD before investing, but if you do get caught up there are actions you can take.
#1 You can call your lawyer
#2 Report the company. many people will tell you no one will do anything, but if enough people complain they will listen and investigate. http://pennyfraud.com/case-review-form/
#3 If you make statements on the boards about a scam stock, make it once. Give your reasons and DD as to why you think the company is a scam and move on. Multiple comments and rebuttals only bring more attention to the board.

Everything is my opinion. Do not buy or sell a stock without doing your own DD. Have a great day :)

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