Here is a very good, relevant, summary of what this disaster dpbe is all about, and WHY WHAT DPBE SAYS MATTERS.
Scambuster2 makes the point quite clear:
We all understand that penny stocks are gambles. They are all speculative. Most go out of business. (including DPBE) We all understand the risks that business for these penny stocks will not work out the way they wanted. That's fine. We get that. We gamble on these companies because we want the big payoff. So we understand losing money because the company is not successful. Losing money is not the offense.
But...
Lying IS the offense. I can live with the fact that Wilf might be incompetent, stupid, and a lousy businessman. In fact, my opinion is that he is all of those things. And if I lost money just because I bet on a Wilf Blum-project, then that's life. I'm not upset if I bet on an idiot or a lousy businessman because that is the risk of investing.
However, I AM upset if I believe that I betting on a speculative business when that person is simply taking my money to bankroll his endless scuba diving vacation...or make countless false statements about the financial condition of his company in order to extract more money under false pretenses.
That's the simple difference between being a lousy businessman/idiot and a fraudster.
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