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Re: buzzmatrix post# 7808

Friday, 10/12/2012 12:15:55 AM

Friday, October 12, 2012 12:15:55 AM

Post# of 18160
The penny land at least from what I have experienced, is a very deceptive arena, it is the land of pump & dump, not real business. But I guess there can be exceptions, but they are exceedingly rare. From some articles I read being on the OTC is not a good means for a startup to raise money. But it is a good one for a scam, makes you wonder what is the OTC good for? Well you can still make money on scams even if you are treating it as a trade, I would say do not treat them as an investment! Even major stocks are pumped then dumped, the players are the same, but the means of how these players make their money is a little different.

I will share this article, since a fellow board member says others should read it. Kind of humbling though...

http://www.foundersspace.com/fund-raising/is-going-public-with-a-penny-stock-a-good-way-to-raise-money-for-a-startup/

Either MDCE really did not know what they were doing as a startup or ? if they do not like this kind of speculation then show us otherwise...