Medinah Minerals (MDMN)

[Goldstrike]

Well now, not all penny stocks are on the pink sheets, and not all small caps are scams. You quote: “Such stocks can be highly volatile and subject to manipulation by stock promoters and pump and dump schemes. Such stocks present a high risk for investors, who are often lured by the hope of large and quick profits.”
To quote another source: “Many penny stocks are legitimate businesses, but they are almost always undercapitalized and not yet successful in their industry. If they were industry leaders, they wouldn't be penny stocks.”
There are many examples of rags to riches companies, including Pier 1, Monster Beverage, True Religion and others that got their start in this market. There must be a place for this market in the investment world. Perhaps someday it will be said: "Look where Medinah got its start!"