Do .0001s ALWAYS mean a ticker is a scam and, if so, will STAY a scam even if the CEO changes? (They gotta start somewhere). Frankly, I got in here @.0003 and out quickly (after they changed from "the multi-billion dollar thoroughbred horse racing industry." I actually thought that was legit. Yes really.
I also happen to believe there MIGHT be some LEGIT Pennyland companies and some CEOs who tell the truth more often than not.
One thing I will look out for is Paul Strickland though. Seems to be the kiss of death everywhere he goes. :-(
GLTY
P.S. Frankly, I RARELY pick .0001s. More often, .0003, .0004 or so. And THEN they go to .0001. :-( (But occasionally they go up which is always great.:-))
P.P.S. That chart I posted was from a, imo, CONpany (selling shares is their real MO) but thought it was legit. Sold vodka. Had the product in Costco (I know, I photographed it). But, alas, another P&D. :-( But, as Timothy Sykes said: "most penny stocks are scams that are created to enrich insiders.” He didn't say ALL were.