A general word of advice. If one doesn't fully understand the rules of the game - business law, corporate governance law, securities law, accounting - then one ought nott invest in individual stocks. Buy no-load, low-fee mutual funds where you pay a small fraction to have oher people who do know all those things (and must legally act as a pure fiduciary agent for you) invest your money for you - and it won't be in any bullshit pennystocks. Or buy index ETFs.
Just dont try to pick individual stocks, especially nott pennystocks, and then be surprised when your money is gone because you didnt know all those rules that other people take years and years to master as their profession.
Look at UOIP as a lesson. Then go find some no-load, low-cost mutual funds to invest in. Or buy Berkshire Hathaway stock and let Buffet and Munger manage your investment. They understand all the rules. They know how to play the game and have well over a hundred years of success at playing it between them. Experience matters. Knowledge matters. And neither of those guys made their money buying pennystocks.
An average person would nott expect to be able to substitute for Tom Brady in the NFL and be a success, or to step into an OR and start performing brain surgery. Why would they think they could pick individual stocks, especially these pennyscam tickers, and be successful in the long term? That is like never having a flying lesson and thinking you can just strap into an F-15 and fly air combat like an ace.
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