Puppy, the reason I am indeed manipulated by penny stocks is the leverage you get when they do go up. Penny stocks can multiply by 2,3,10, even 100 in a very short time. You cannot get that with 50$ stocks. Of course the problem is being in the right stock at the right time when it starts going up. And we do get fooled by many penny stocks.
This stock is indeed very disappointing. They give us high hopes with all their promises and then we are very frustrated when they fail to bring them to pass again and again. But this strategy of always saying next week seem to work very well for them. People buy the stock thinking they will get money next week, then they are disappointed and frustrated but they keep waiting for just one more week and then one more week and it becomes years. This strategy gives a big blow to the company's reputation and credibility though. But money may be more important to them.
Till they officially announce there is a problem and one more delay, we can still hope they will announce the record date soon, but this doesn't look good, along with HGLC's caveat emptor. I think this stock may end up like CMKX, delisted too. They warned us about it a while back.
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