That's all POS SCAMS ever are. Which type is XERI????
Warning Signs of a Penny Stock Scam
There are several types of penny stock investor fraud:
Pump and dump schemes involve the use of false, misleading or exaggerated statements to sale and therefore boost the price of a stock over time. Such schemes involve telemarketing and internet fraud.
Chop stocks are stocks purchased for pennies and sold for dollars, providing both brokers and stock promoters massive profits. Brokers are often paid "under the table" or with undisclosed payoffs to sell such stocks.
Dump and dilute schemes involve companies that repeatedly issue shares for no reason other than taking investors' money. Companies using this kind of scheme tend to reverse split the stock periodically. A reverse split is where the corporation consolidates stocks (more shares become less) to give the appearance of a higher value for your stock.
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