The penny stock back alleys are crawling with vermin, and rats are pervasive in the streets. I've paid the price to learn this. It's all about learning to read the signs, and I don't mean the ones clearly posted and lit up: you have to read between the lines to keep from crashing. Trust no-one, believe nothing, do your DD, and listen to your instincts, not your greed.
However, there are a lot of honest folks just trying for a return on investment, without any kind of skullduggery .. I'm happy for these folks when they make a buck ..
Also, I'm not down on anybody's trading style: it takes all kinds to make a market.
ICPA!