I'm sorry people have lost money on BNGI.
But I disagree as well - BNGI is dead / dormant / and hasn't done any business or filed ANYTHING in a very long time - it is was very easy to establish this was a P&D just by doing some very basic DD. There were even people on the board who have been here years telling the newbies that was the case, but 'investors' chose to ignore the advice in the hope of a quick profit, they even mocked them.
If you are prepared to gamble on a completely dead / defunct ticker or be influenced by a pump squad rather than actual facts, more fool you. The pumpers don't care about the people who end up with losses, and they time their exit in such a way that the investors 'outside' their group end up holding the bags - and if you invested knowing it was a P&D, I really have little sympathy.
Yes, people will suffer in the short term by these delistings or drops to gray sheets - but in the long run these scam and deadbeat tickers won't even be listed on the OTC, which will help people avoid buying into crap stocks or P&D schemes in the first place.
The OTC will be a more credible exchange without them, and that benefits everyone.
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