Replies to post #58980 on Medinah Minerals (MDMN)

[Money_For_Nothing]

If you buy speculative homes from the court house steps or automobiles at the local auction, you are talking about the same thing as the penny stock market.

If you want to buy a new car, new house, or fully reporting stocks there are stock markets for that.

To compare speculative investing to full reporting markets is just nonsense.

Such stocks present a high risk for investors, who are often lured by the hope of large and quick profits./quote]

That applies to homes, cars and investments. If you can't handle the realities of the market, you should move on to less risky investments.

[Goldstrike]

Well now, not all penny stocks are on the pink sheets, and not all small caps are scams. You quote: “Such stocks can be highly volatile and subject to manipulation by stock promoters and pump and dump schemes. Such stocks present a high risk for investors, who are often lured by the hope of large and quick profits.”
To quote another source: “Many penny stocks are legitimate businesses, but they are almost always undercapitalized and not yet successful in their industry. If they were industry leaders, they wouldn't be penny stocks.”
There are many examples of rags to riches companies, including Pier 1, Monster Beverage, True Religion and others that got their start in this market. There must be a place for this market in the investment world. Perhaps someday it will be said: "Look where Medinah got its start!"