Replies to post #59822 on Bangi Inc (BNGI)

[lucky, mydog]

But who does these sec revocations help?

people that may now think twice about investing in scams like this. it's too late for existing shareholders. the sec is not responsible for their bad decisions.

[elkonig]

Not quite sure what ypou are talking about. Front loaders have pumped up this ticker from 0.0001 to an unrealistic PPS so for every one or two winners there now are a whole host of bag holders as the PPS drops. Happens on every scam ticker through history just like this one BNGI.

[surfkast]

They are helping potential future buyers from helping out the dumb bag holders, thus becoming ones themselves.

[4C]

They prevent people investing in scam tickers.

Once the entire market is purged of the detritus, the OTC will have a little more credibility, and overall be a safer place to actually invest.

BNGI had nothing whatsoever to offer during this recent action, it was easy to find out it was effectively dead, but people still jumped on in. So many new investors are unfamiliar how the P&D groups work, they do little real research and due diligence, they just follow the action and unwittingly put themselves in a losing position.

Come September / October P&D's will be considerably trickier - which in this case may have prevented people from jumping on the BNGI bandwagon in the first place.