Yeah those guys were bad news. Wish the SEC had a more friendly system of warnings to investors before just closing down the company "for the good of the public." Even if a warning caused a massive sell-off for example, better than shutting it all down and next thing you know 2 weeks later it's in the greys, worthless.
And the guys involved with this one seemed pretty bad news, they're not even allowed to manage a penny stock company again.
Someone will respond that there ARE warnings, like STOP on the OTC website that relevant info may not be being made public -- but I could name a couple of co's right now that applies to and they're proven legit, just a change of management at one of them (VIZS) which might be a way to make back some losses, hint-hint.
Nor does the Skull and Bones necessarily mean anything -- but I'm
going to exercise an abundance of caution after this, and stay away from anything being promoted by one of those bigger promo outfits which might just be acting as fronts (often unknowingly) for some shady management to have a run to dump their own stock into before they run away.
All one can do is make up such losses elsewhere and not put so many eggs in one's basket (you figured that out already!): GLTU
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