Over 90% of the ones that get past the SEC and get their S-1s approved end up going through FINRA to do some kind of forward split before a single share has even hit the market.
You would think that a ticker that uses an obvious shell scheme set-up (foreign officers, foreign seed shareholders, only a forward looking business plan or minimal business operations) applying for a forward split before a single share has hit the market would be a glaring red flag screaming take a closer look at me I'm obviously an insider enrichment scheme, but FINRA passes them all through no problem.
Speaking of shell schemes.
MWOG is the latest Finest Penny Stock pick following their huge BKRO blunder. MWOG used the Thomas & Elizabeth Coldicutt cookie cutter S-1 set-up when it went public and Andrew Coldicutt as its attorney.
Other Andrew Coldicutt tickers that got APS promos were CDOI, VLNX, PWEI, and PWCT so no surprise, I guess, that the APS successor, Finest Penny Stocks, went out on MWOG
I did an old report on MWOG back in 2012 when it was IXPL about to become ADMC.
Maybe some day they'll use the other Coldicutt cookie cutter S-1 ticker CDMC for a paid promotion too
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