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janice shell

01/19/20 3:33 PM

#165390 RE: Snow_lyric #165389

If those innocent shareholders insist on following social media gurus without bothering to learn the rules that govern penny stocks, and without doing any research of their own, they need to realize they're running a risk.
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1manband

01/19/20 8:36 PM

#165405 RE: Snow_lyric #165389

The "real culprit" here seems to be OTCMarkets who moved the companies to Pink without compliance with 15c2-11.

I suggest that anyone who purchased shares based on that action file a formal complaint with both the SEC and FINRA, which may spur those actual regulators to investigate OTCMarkets and how this occurred.
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integral

01/20/20 10:57 AM

#165448 RE: Snow_lyric #165389

Welp, stupid people and their money are soon parted. At least regulators figure out how to stop scammers in the future from ripping off stupid people.