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Friday, March 09, 2012 11:07:06 AM
There is a risk of loss any time you invest. That risk is 1 billion times higher with penny stocks, but so is the potential reward. these go hand in hand in investing.
As per your question of why the stock is falling, i will admit that it is possible that the company doesn;t actually do a damn thing except write PR's, which arent even that good. However, you must admit there is another very likely scenario: it is worth it for somebody to deflate this stock. Yes, Spinelli sold off millions of shares at it's peak, but now he can also buy them back at 2% of the value he sold them at. Just saying, if Spinelli is creating a PR roller coaster, it might be for other reasons that company instability.
Just my 2 cents. Obviously somebody disagrees because they are selling at 1.45 cents....
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