The guys operating SKTO/AEGY did a really good job of painting a beautiful picture of what they were "supposed" to be doing. And that is what these scams are about painting a picture that investors will get wealthy. And feeding into the greed of shareholders.
But it attracted many noobie investors that had a interest in investing in MMJ.
Hipple/Jan did a good job but it was superficial - a little DD revealed that this wasn't a real company.
Many were fooled by putting up a website. But AEGY didn't have any employees - there were so many red flags that investors ignored and kept hanging on thinking SKTO/AEGY were going to $1.
What was odd was that there was only one receipt posted and it had many red flags and the poster stopped posting shortly after the receipt was exposed.
Pharmajanes will be used in another share selling scheme.
Only way to trade penny stocks that use message boards and forward looking press releases and paid promotions is to just consider them all to be scams and just trade them do not invest in them. You'll lose 99% of the time if you believe the hype.
Play the price action and always take profits.
Hopefully most learned from this disaster - but I see some of the same getting married to another weed stock that is a obvious scam.
Oh, I only know of one company that made it back from the greys - EDVP (now PRLX) what is the other company?
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