Makes complete sense to me that it's all retail. When I first started trading I was quite naive to the scams, paid promotions, etc in Penny World. I actually had a paid promoter offer me a job as a message board promoter. They wanted me to post positives about the company all day and in return they would deposit free trading shares right into my brokerage account. Thank Gawd I'm not that naive and didn't fall for the trap. Sometimes when things look too good there is normally a hidden dirty secret behind it ;) Ooh and when I mentioned a disclaimer they clearly stated it wasn't needed.
lo and behold that certain promoter was nailed by the SEC ;)
SEC needs to put a stop to non disclosing paid promotions in Penny World and put a stiff penalty on the ones caught doing it. Right now it's too easy to become a promoter. All one needs is a computer, internet access & no integrity.