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janice shell

03/08/13 8:09 PM

#41139 RE: petermic #41136

It's like a mailer. If only 1% of recipients end up buying stock, that's enough.

Exactly. Like Nigerian 419 scams, too. Preposterous as they are, some people must fall for them, or the Nigerians wouldn't bother.
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1manband

03/08/13 8:10 PM

#41140 RE: petermic #41136

the stories scammy companies tell don't have to make sense or be convincing to most people. They need only fool a small percentage of the people who hear their story in order for the effort to be worthwhile.



Yup. You got it. The only need to fool a small percentage of the people just long enough to dump their (worthless) stock into their pocket with one hand while lifting their wallet with the other. And the less facts they have to provide (such as being fully reporting to the SEC) and the more opportunity they have to lie (such as posting incomplete and non-GAAP compliant "financials" to OTC Markets or paying for pumps), the easier it is for them to convince that certain segment of the population to buy in to the ridiculous and implausible, if not impossible, stories.