Re:<"lets wait and see how this plays out some folks have put alot of time and money into making sure this become a success , only timew ill tell">
And how is that complacency possible?
Magnum trumpeted their association with Green Rubber a while back then, after Green Rubber was sued for what amounted to fraud, Magnum put out a press release dissociating themselves with Green Rubber. Chad Curtis previously was pumping a fraud company (Sulja Bros). Magnum hired a pay-for-pump 'analyst' (hotshotstocks.com) and even hired another pump artist who was previously convicted of fraud to promote Magnum. Joseph Glusic lies and calls them "independent analysts."
Unbelievable. Does anyone here at all think that maybe some of the onus to provide some evidence of value and some *real* transparency should be on the shoulders of the insiders?
Masters of deception--insiders say they're minimizing dilution yet in just over a year outstanding shares went from five million to 45 million. Is there anyone at all who thinks that maybe they shouldn't simply 'trust' insiders with their money?
Given a history of trickery, deception and shadiness which would make anyone rational cringe at investing their money, at a bare minimum I would say a small bit of skepticism is warranted here. Entrusting your money to a stranger with a bad reputation is a quick way to lose your money.
Last year 277 security fraud suits were litigated by the government. That's a non-trivial chunk of the penny stocks out there and that's only in one year's time. There's a lot of fraud here in the pennies. The SEC is overburdened with cases so it's hard to go after all of them. Investors' primary defense is caveat emptor, at least until the slime is weeded out from inbetween all the legitimate companies out there.
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