Replies to post #126 on SEC shuts down PSC - Penny Stock Chaser

[kennypooh]

Shareholders come and go but penny CEO's just keep 'promising'. How many penny CEO's ever fulfill their promise of great wealth?

With nothing more than a web site, message boards and tall lies, any con artist can make a product or service 'appear' real, when it's true 'usefulness' is zip. After the dump, the CEO reverse splits the stock and bagholders lose everything and have no one to sue due to all the carefully couched disclaimers and warnings. They just tuck tail and move on, mumbling something about 'my bad'.

The share price goes to .0001 and the company doesn't even have the trouble or expense of filing BK??

The traders and MB's love the pumps and become 'supporters' of the whole process.