WARNING: INO is a Pump & Dump
(post originally appearing on Yahoo Finance INO board, tonight)
Inovio (INO) Thirty Four Year Corporate History
* Thirty four years and not even remotely close to having an FDA approved product.
* $249 million in accumulated losses
* About 750 MILLION SHARES issued (includes options, warrants and a I for 4 REVERSE SPLIT)
* INO DIRECTOR (and paid advisor) AVTAR DHILON has a LONG history of involvement in penny stock companies- the stocks of which were PUMPED & DUMPED, leaving many investors BADLY HURT.
* INO stock is currently riding a MASSIVE, WORLDWIDE PUMP (started late July / early August).
* The odds favor losing on Pump and Dump plays- often a LOT of money.
* It can take five or six years to climb out of these holes. It can alter our lives and affect our happiness.
* There is a jarring but true saying, "If you do not know who the sucker in the play is- then it's you."
In other words, if you did not already know that the current hoopla surrounding INO stock is wholly designed to bring in fresh, unsuspecting money- then it is YOUR money these manipulators are after.
They will be selling (they already started selling Friday) while exhorting us to "get in". They want us to be their profit, their exit.
*There are so many exciting plays EVERY DAY to choose from where the risk/ reward ratios are much better- and the self-esteem, too!
Let the "sharpies" cannibalize themselves on INO, lol.
Caveat emptor and good trading!
MG
Disclosure: I have no position in INO, long or short. I have no intention of taking any position in the future.
I simply detest deceitful stock plays. And yes, I got badly burnt by a thoroughly deceitful Pump and Dump play years ago. The choice then becomes, do you fight against these dishonest plays or do you join the evil doers, holding down the newbees. It was no choice for me- I was raised by Franciscan nuns in elementary school and Jesuit priests in H.S., which I am thankful for.
I have a history of 20,000 posts with integrity on another message board. (anticipating the sure to ensue ad hominem attacks).
